Peru
29.5%
Corporate Tax
5–10 days
Setup Time
No minimum (any amount accepted)
Min. Capital
100%
Foreign Ownership
#76
Ease of Business
Peru is one of South America's most consistent growth stories — a decade of strong GDP growth, significant mineral wealth (gold, copper, silver), and a growing Lima consumer market of 12 million. The SAC (Sociedad Anónima Cerrada) is the standard vehicle for SMEs. CT is 29.5%. Peru has free trade agreements with the US, EU, China, and others. The Paita and Ilo Special Economic Zones offer exemptions for industrial operations. Lima is increasingly a logistics hub for the Andean region.
- Mining and natural resource companies accessing Peru's mineral wealth
- Agricultural exporters — Peru is a major superfoods exporter (quinoa, blueberries, avocados)
- Companies serving the broader Andean market from Lima
- Logistics and supply chain operations for the Pacific coast of South America
- Companies leveraging Peru's Pacific Alliance and CPTPP membership for trade access
Political instability is a recurring theme — Peru has had multiple presidents impeached or resign in recent years. Despite this, the economy has shown resilience and the business environment has remained broadly functional. The Central Bank (BCRP) has maintained strong monetary policy. However, monitor political developments for any regulatory changes that could affect foreign investment.
At a Glance
Available Business Structures
Cost Snapshot
Tax Overview
Banking Reality Check
Timeline: 1–3 weeks
Peru's banking sector is well-developed, with BCP, BBVA Perú, Interbank, and Scotiabank Perú as the main commercial banks. Account opening for foreign-owned companies requires in-person presence and thorough KYC documentation. Banks typically require the SUNARP registration extract, RUC certificate, proof of business activity, and source of funds documentation. The process is more rigorous for companies with no local operations. A Wise Business account can supplement local banking for international payments.
Visa & Immigration
Peru offers a Digital Nomad Visa for remote workers earning from foreign sources, valid for up to one year. The Investor Visa (Visa de Negocios) is available for business owners and investors. Citizens of most Western countries can enter Peru visa-free for up to 183 days. Residence permits are available through business ownership, employment, or investment. Tax residency is established after 183 days of physical presence in a calendar year.
Free Zones & SEZs
4 free zones available
Common Mistakes
Ignoring Peru's political instability when planning long-term investments
Fix: While Peru's economy has been resilient through political turmoil, regulatory changes can occur with new administrations. Structure contracts with appropriate force majeure and change-of-law provisions. Maintain relationships with local legal counsel who can advise on political developments.
Underestimating SUNAT's audit and compliance requirements
Fix: SUNAT (the tax authority) is increasingly sophisticated and conducts regular audits, particularly of companies with foreign shareholders. Maintain meticulous records, file all returns on time, and work with a reputable Peruvian accounting firm from day one. Transfer pricing documentation is required for related-party transactions.
Assuming Special Economic Zone benefits apply automatically
Fix: CETICOS zones require formal application, qualifying activities (primarily industrial and manufacturing), and location within the designated zone areas in southern Peru. The benefits do not apply to service companies in Lima. Verify eligibility and commit to the geographic requirement before planning around zone incentives.
Frequently Asked Questions
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This content is educational and does not constitute legal or tax advice. Always consult a qualified professional for your specific situation. Data last verified March 2026.