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Peru

 

Introduction: Peru, situated on the western edge of South America, is a nation rich in history, cultural diversity, economic potential, and political complexity. Its story encompasses ancient civilizations, Spanish colonization, a vibrant culture, a diverse economy, and a dynamic political landscape. In this article, we explore Peru’s captivating history, vibrant culture, evolving economy, and intricate politics.

History:

• Ancient Civilizations: Peru boasts a remarkable history, with civilizations like the Norte Chico, Moche, Nazca, and the mighty Inca Empire, known for its stunning architectural marvels, including Machu Picchu.
• Spanish Conquest: Spanish conquistadors, led by Francisco Pizarro, arrived in the 16th century, resulting in the colonization of Peru and the blending of indigenous and Spanish cultures.
• Independence: Peru gained independence from Spain in 1821, marking the end of colonial rule and the beginning of its nationhood.

Culture:

• Cultural Diversity: Peru is a mosaic of cultures, influenced by indigenous traditions, Spanish heritage, and African and Asian influences.
• Language: Spanish is the official language, but numerous indigenous languages, such as Quechua and Aymara, are also spoken.
• Cuisine: Peruvian cuisine is renowned worldwide, with dishes like ceviche, lomo saltado, and causa rellena offering a fusion of flavors.

Economy:

• Economic Growth: Peru has experienced consistent economic growth in recent years, driven by sectors such as mining, agriculture, manufacturing, and services.
• Mining: Peru is a leading producer of minerals, including copper, gold, and silver, contributing significantly to its economy.
• Tourism: Tourism plays a vital role, with visitors drawn to iconic sites like Machu Picchu, the Nazca Lines, and the Amazon rainforest.

Politics:

• Political Landscape: Peru operates as a presidential republic with a multi-party system, featuring periodic elections for the presidency and legislature.
• Challenges: The country faces challenges related to political instability, corruption, and social inequality.

Tourism:

• Natural Beauty: Peru’s diverse landscapes, from the Andes Mountains to the Amazon rainforest, provide endless opportunities for ecotourism and outdoor adventures.
• Cultural Heritage: UNESCO World Heritage Sites like Machu Picchu and the Historic Center of Lima are major attractions.

Challenges:

• Poverty and Inequality: Despite economic growth, Peru grapples with issues of poverty, particularly in rural areas, and income inequality.
• Environmental Concerns: The country faces environmental challenges, including deforestation, water pollution, and conservation of its unique biodiversity.

 

General Questions

How long does it take to register a company in Peru?
3 months

What is the minimum capital required to register a company?
$ 1 USD

What is the corporate income tax?
30%

What is the added value of goods to sell the company’s products in the country?
18%

Must have a director or company representative based in Peru?
Yes. Must be a director or company representative based in Peru.

What is the validity of having Peru citizenship and passport in the world?
With this country’s passport, you can travel to 139 countries without a visa.

What is the position of Peru in the world in terms of natural resources?

• The first and largest producer of silver in the world
• The second largest producer of zinc in the world
• Third place in copper and tin production in the world
• Ranked fourth in the world in lead production

Do I need a business plan to obtain a Peru investment visa?
Having a business plan is a privilege for obtaining a visa, but it is not mandatory.

Is it possible to become a citizen of Peru through the birth of a child?
Born in Peru is associated with citizenship. But in some cases, citizenship can be acquired through birth, provided that the financial situation of the parents is in good condition, and in other cases it is done through blood.

The benefits of company registration in Peru

• To register a company, a shareholder and a director are enough to start your business.
• Low government costs of registering a company in Peru
• Peruvian companies enjoy import exemptions with a number of countries.
• All companies that manufacture or assemble in Peru’s free trade zones are subject to tax exemptions, VAT exemptions and customs exemptions for the import of machinery and raw materials.

The disadvantage of company registration in Peru

• At least one shareholder must be from Peru.
• 30% corporate income tax.
• Peru ranks weak in the free economy ranking and 75th in the ranking of freedom in investment and financial transfer.
• Peru ranks poorly based on company registration process, costs, required company capital and international transparency.
• Extensive sales of cocaine by drug groups and cartels.

Type of company registration 

• Closely Corporations (S.A.C.)
  (Sociedad Anónima Cerrada or S.A.C)
• Public Corporations (S.A.A.)
  (Sociedad Anónima Abierta)
• Joint-Stock Company (S.A.)
  (Sociedad Anónima or S.A)
• Limited Liability Companies (S.R.L.)
  (Sociedad Comercial de Responsabilidad Limitada)
• Foreign Branches

The company registration process

• Submit a company registration application
• Specify 3 names for the company and get the approval of one name
• Preparation and adjustment of the company’s articles of association (approved name of the company, type of company, desired activities of the company, names of shareholders and amount of shares, names of directors, company address)
• Company registration in the company registration office
• Opening a bank account and depositing company shares
• Preparation of company seal
• Registration of the company in the tax office and obtaining the tax code
• Registration of the company file in the Social Affairs Department
  Company Registration in trademark of Peru