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Peru: Operating a Business

Setting Up a Company | The Active Population in Figures | Working Conditions | Cost of Labor | Social Partners

Setting Up a Company

Legal Business Entities

Types of Companies and Capital (Max/Min)	Number of Partners/Shareholders and Liability
La Sociedad de Responsabilidad Limitada / SARL is a Private Limited Company. No minimum capital.	Minimum 2 partners Liability is limited to the amount contributed.
Sociedad anonima / SA is a Public Limited Company. No minimum capital.	Minimum 2 partners Liability is limited to the amount contribued.
Sociedad in comandita simple / SCS is a limited partnership. No minimum capital.	Minimum 2 partners. Two types of partners: active partners and sleeping partners. 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 Organization: National Register of SME's.

Setting Up a Company	Peru	Latin America & Caribbean
Procedures (number)	6.0	9.3
Time (days)	27.0	56.7

Source: Doing Business.

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

The Active Population in Figures

	2010
Labor Force	15,680,000

Source: CIA - The world factbook

	2009	2010
Total activity rate	-	67.10%
Men activity rate	76.00%	-
Women activity rate	58.20%	-

Source: UN - United Nations

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.

Cost of Labor

Minimum Wage: 486 soles (USD 153)
Average Wage: Average monthly gross earnings is PEN 800 (USD 250).
Social contributions: Social Security Contributions Paid By Employers: 27%.
Social Security Contributions Paid By Employees: 0 %.

Social Partners

Social Dialogue and Involvement of Social Partners: The Confederacion General de Trabajadores del Peru (General Confederation of the workers of Peru) is the main actor.
Unions: Peru's Unified Union of Education Workers
General Confederation of Peruvian Workers
Unionization Rate: 6%.
Labor Regulation Bodies: Ministry of Labor and Promotion of Employment

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Last Updates: May 2012

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