Published: 29 Oct 2008 10:11:53 PST
Peru
Operating a business
Setting up a company
Legal business entities
| Different types of companies | Number of partners/shareholders | Maximum and/or minimum capital | Liabilities | Registration fees |
| La Sociedad de Responsabilidad Limitada / SARL is a Private Limited Company. | No minimum. Maximum 20 partners. | No minimum capital. | Liability is limited to the amount contributed. | Registration fees with the Trade Register represent about 0.3% of the capital of the company. |
| Sociedad anonima / SA is a Public Limited Company. | Minimum 3 partners. | No minimum capital. | Liability is limited to the amount contribued. | Registration fees with the Register of Companies represent about 0.3% of the capital of the company. |
| Sociedad in comandita simple / SCS is a limited partnership. | Two types of partners: active partners and sleeping partners. | No minimum capital. | 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. |
- Business setup procedures
- Foreign capital companies must register with the National Commission of Foreign Investments and Technologies
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 (USD153)
- Social contributions
-
Social security contributions paid by employers: 27%.
Social security contributions paid by employees: 0 %.
Social partners
- Bargaining power
- The Confederation CGTP (Confederacion General de Trabajadores del Peru) can be listed.
- Unionization rate
- 6%.
- Labor regulation bodies
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