Peru: Operating a Business

Setting Up a Company

La Sociedad de Responsabilidad Limitada / SARL is a Private Limited Company.: Number of partners: Minimum 2 without limitation in the number of partners
Capital (max/min): No minimum capital.
Shareholders and liability: Liability is limited to the amount contributed.
Sociedad anonima / SA is a Public Limited Company.: Number of partners: Minimum 2 without limitation in the number of partners.
Minimum 750 shareholders for a listed Public Limited Company
Capital (max/min): PEN 1,000
Shareholders and liability: Liability is limited to the amount contributed.
Sociedad in comandita simple / SCS is a limited partnership.: Number of partners: Minimum 2 without limitation in the number of partners. Two types of partners: active partners and sleeping partners.
Capital (max/min): No minimum capital.
Shareholders and liability: Liability of active partners is unlimited. Liability of sleeping partners is limited to the amount contributed as long as they do not take part in the company management.

Setting Up a Company	Peru	Latin America & Caribbean
Procedures (number)	8.0	8.0
Time (days)	26.0	25.2

Source: Doing Business.

Business Setup Procedures: Consult Doing Business Website, to know about procedures to start a Business in Peru.
Trade Register

	2018	2019	2020
Labour Force	18,411,999	18,920,065	16,181,966

Source: International Labour Organization, ILOSTAT database

Source: International Labour Organization, ILOSTAT database

Legal Weekly Duration: 48 hours
Retirement Age: 65 years old
Working Contracts: Employment contracts are regulated by legal clauses and to a lesser degree by collective agreements and individual negotiations.
The terms of employment contracts, the conditions for hiring and the limits for dismissal are very flexible.
Labour Laws: Consult Doing Business Website, to obtain a summary of the labor regulations that apply to local entreprises.

Minimum Wage: The minimum monthly wage (Remuneración Mínima Vital) remains at PEN 1,130 (approx. USD 335), as established by the Ministry of Labour and Employment Promotion (MTPE).
Average Wage: The average monthly salary in urban areas of Peru is around 1,500 to 1,650 Peruvian soles (approximately 400 to 450 USD).
Social Contributions: Social Security Contributions Paid By Employers: 9% for health insurance (ESSALUD).
Social Security Contributions Paid By Employees: 13% of salaries for the pension plan.

Social Dialogue and Involvement of Social Partners: The Peru - Solidarity Center (General Confederation of the workers of Peru) is the main actor.
Labour Unions: Peru's Unified Union of Education Workers
General Confederation of Peruvian Workers
Unionisation Rate: 6%.
Labour Regulation Bodies: Ministry of Labor and Promotion of Employment

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