Peru
Key entity, tax, banking, visa, and compliance guidance for foreign founders incorporating in Peru.
Foreign Ownership Eligibility
Peru welcomes 100% foreign-owned companies
Fully remote formation — you never need to set foot in the country.
- Peru allows local incorporation and branch/PE operating models
- Corporate income tax baseline is 29.5%
- VAT (IGV) baseline is 18%
- SUNARP, SUNAT, and Migraciones are key execution authorities
Ownership
100% Foreign OK
Formation
100% Remote
Tax at a glance
Peru Tax Overview
29.5%
Corporate income tax
PwC Peru corporate taxes
5%
Dividend withholding
PwC Peru corporate taxes
18%
VAT (IGV)
PwC Peru other taxes
Generally 30% on gross Peruvian-source income in many cases
Non-resident taxation
PwC Peru corporate taxes
Pros & cons
Advantages & Considerations
Key Advantages
Clear authority split across registry, tax, and migration systems
Predictable headline CIT and VAT framework
Viable structure options for local incorporation or branch operations
Considerations
Withholding and SPOT rules can complicate early cash-flow operations
Execution quality depends on proper sequencing of SUNARP and SUNAT steps
Compliance burden increases quickly with hiring and cross-border payments
Incorporation Process
The process is strictly digital. Each stage builds on the previous one.
Incorporate through SUNARP pathways
Activate SUNAT and obtain RUC
Set up VAT and withholding workflows
Enable payroll and social-security filings
Handle migration documentation
What you'll pay
Cost Architecture
Government Fees
Annual Ongoing
Professional Services
Practical all-in cost varies by business model and whether SPOT/withholding-heavy activity applies.
Still unsure about costs?
These are estimates — your actual cost depends on your structure
Every Peru setup is different. A 15-minute call with one of our specialists will give you a personalised cost breakdown — completely free.
Fintech & Banking
Can non-residents open accounts without visiting? YES.
Banking options for non-resident founders in Peru. Remote account opening availability varies by institution.
| Institution | Type | Ease for Non-Residents | Notes |
|---|---|---|---|
| BCP | Traditional bank | Low (Visit Required) | KYC and product dependent • Institution dependent • Institution dependent • SUNARP records, RUC, ownership and compliance documents |
| BBVA Peru | Traditional bank | Low (Visit Required) | KYC and product dependent • Institution dependent • Institution dependent • SUNARP records, RUC, ownership and compliance documents |
| Scotiabank Peru | Traditional bank | Low (Visit Required) | KYC and product dependent • Institution dependent • Institution dependent • SUNARP records, RUC, ownership and compliance documents |
| Interbank | Traditional bank | Low (Visit Required) | KYC and product dependent • Institution dependent • Institution dependent • SUNARP records, RUC, ownership and compliance documents |
| Digital providers available by service class | Fintech | High (Remote) | KYC and product dependent • Institution dependent • Institution dependent • SUNARP records, RUC, ownership and compliance documents |
Regulatory requirements
Annual Compliance Matrix
| Requirement | Deadline | Details |
|---|---|---|
Periodic VAT filings | Ongoing | Comply with IGV returns and supporting ledgers. |
Corporate tax filings | Ongoing | Maintain annual and periodic income-tax obligations. |
Withholding/SPOT controls | Ongoing | Apply withholding and SPOT mechanics where activity scope requires. |
Payroll and social contributions | Ongoing | Remit required labor and social obligations on schedule. |
Frequently Asked
Speak with a Peru specialist
Get personalised guidance on entity types, costs, timelines and banking — free, no commitment needed.