How to Expand Globally

The procedure to register your business in Peru  is quite simple; 8 steps completed within 26 days, on average.

The cost of starting a business in Peru: Registration fee is 9.4% of the estimated income of the business during its first year of operation. The fee is not paid in subsequent years.

These registration fee is below of the line with the OECD average

Once interest gathers all information needed, the procedure to legally build a commercial facility (warehouse, offices, etc.) is 19 steps. Average completion time is 137 days.

The procedure itself is similar to other countries, while completion time is relatively short.

Money invested during the process is equivalent to 1.7% of the commercial real estate value. This is an low-cost process compared to other countries.

Construction standards in Peru are higher than average.

According to the Building Quality Control Index, or BQC, Peru enjoys a rating of 13 out of 15.

The process to get electricity connection is 6 steps and 67 days of time spent. In comparison to other countries is a time-consuming method.

 This is about average in compare to other countries.

In a monthly bill for commercial warehouse the tariff is 19.5 USD cents per kilowatt-hour. Which means the procedure is average cost but the tariff is expensive in comparison to other countries.

In comparison to other countries Peru has one of the  lowest-step but and fastest procedure for property registration. They are 6 steps that can be done in 9.5 days.

The invest needed in this procedure is 3.9% of the property value. Value added tax and capital gain tax are excluded. Peru is above the average cost for this operation.

Rights that manage lender-borrowers confidence and protection of secured creditors laws are good in Peru. This laws are in favor of borrowers.

Rules affecting the reach of accessible information and its quality are measured through the Depth Credit Information index, from 0 to 8; 8 being the best one.

Peru's rate is 8, hence this information is highly reachable.

The new company in Peru must pay 8 contributions per year.

Time invested in collecting information, computing tax payable, separating tax accounting books, completing tax return, filling with agencies, arranging payment or withholding throughout the year is 260 hours in average.

Average time elapsed to comply VAT refund, to obtain VAT refund, to comply with corrections and to complete them is low compared to other countries.
Post filing in Peru is fast.

Time and cost to obtain, prepare and submit documents compliance to export in Peru is 24 hours and $ 50 USD. These is above the line with the OECD average.

Time and cost to obtain, prepare and submit documents to import in Peru is 48 hours and $80 USD.  This process is in the line with the OECD average.

Time and cost to customs clearance and inspection for export products is 48 hours and $630 USD. This is a highly expensive process in compare to other countries.

Time and cost to customs clearance and inspection for import products is 72 hours and $700 USD. Peru is in the average time with a really high cost compared to other countries.

In many situations a company bankruptcy will continue operating until unable to do so or business assets are sold. In Peru there is a tendency for companies to continue operating after filing for bankruptcy.

Indefinite-term: general rule for labor relation
Fixed-term: must be signed in writing to specify labor reasons of hiring.

Part-time: must be signed in writing to specify labor reasons of hiring.

A standard workday is 8 hours a day 5.5 days a week. Overtime is paid as +25% of hourly pay and there are no restrictions working at night or weekend. If the employee works on its  weekly rest day, this must be paid as +100% of hourly pay.

Vacations are 15 paid leave days

Termination in Peru

Employment may terminate with prior notice if:

• Mutual agreement
• Dismissal with justified cause
• Retirement

Expiration of employment agreement
Workers death.