Operating a Business

flag Peru Peru: Operating a Business

In this page: Setting Up a Company | The Active Population in Figures | Working Conditions | Cost of Labour | Social Partners

 

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.
The Competent Organisation
National Register of SME's.
 
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

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The Active Population in Figures

201820192020
Labour Force 18,411,99918,920,06516,181,966

Source: International Labour Organization, ILOSTAT database

 
201720182019
Total activity rate 80.28%80.75%81.04%
Men activity rate 87.57%87.75%88.07%
Women activity rate 73.09%73.82%74.07%

Source: International Labour Organization, ILOSTAT database

 

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Working Conditions

Legal Weekly Duration
48 hours
Retirement Age
65.
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.

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Cost of Labour

Minimum Wage
The minimum wage is PEN 930 per month in 2021, according to data from the Peruvian State.
Average Wage
In 2019, the monthly average wage was PEN 1,443.1 according to the National Institute of Statistics and Informatics of Peru (lastest available data).
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.

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Social Partners

Social Dialogue and Involvement of Social Partners
The Peru - Solidarity Center (General Confederation of the workers of Peru) is the main actor.
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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Latest Update: July 2022