🇵🇪 Opening a Bank Account in Peru
Honest assessment of business banking for foreign founders in Peru.
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.
Tips for Success
- Have all company formation documents ready before applying — trade licence, articles of association, certificate of incorporation.
- Prepare a clear business plan or description of your business activities, even if the bank doesn't explicitly ask for one.
- Consider digital/neo-banks as your first account — they typically have faster onboarding for new companies.
- Apply to multiple banks simultaneously rather than sequentially — rejection at one doesn't affect others.
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.