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Pacific Alliance member with mining and agriculture
Region
SOUTH AMERICA
Corporate Tax
29.5%
Setup Time
3 weeks
Currency
PEN
Peru, on South America's Pacific coast, offers access to a growing economy with significant mining sector. The country's developing company registration framework supports business setup for regional and extractive industry operations.
With a population of 34 million, Peru offers diverse living from cosmopolitan Lima to historic Cusco. Spanish is official, with indigenous languages recognized. The climate varies dramatically by region.
Healthcare is available through public and private systems, with quality private facilities in Lima. Safety requires awareness by area. The cost of living is moderate.
The culinary excellence, archaeological heritage, and Pacific coast location attract both tourists and business operations.
Corporate tax rate stands at 29.5%. Personal income tax reaches 30%. VAT applies at 18%. Mining and petroleum enjoy stability agreements with contracted tax terms.
The Peruvian sol is managed by the Central Bank. The economy depends significantly on mining (copper, gold). The Pacific Alliance membership provides regional trade integration.
Company registration through SUNARP (public registries) is established. The SAC (sociedad anónima cerrada) is common. Foreign ownership is permitted in most sectors.
Company formation takes approximately 2-4 weeks. Minimum capital varies by structure. Annual compliance includes tax and corporate filings.
Peru has not established specific crypto license frameworks. Digital asset businesses operate under general commercial regulations. Regulatory clarity is limited.
The Ministry of Foreign Trade and Tourism regulates gambling. Online gambling operates without clear licensing framework. The market is small and underdeveloped for remote gaming.
Mining-dependent economy experiences commodity price volatility. Infrastructure varies outside Lima. Political stability has faced challenges.
Banking access is available through Peruvian and international banks. Professional services are well-developed in Lima.
Peru suits mining operations, Pacific Alliance regional strategies, and businesses targeting the Andean market for their business setup.
Local: SRL
Local: S.A.C.
Local: Sucursal
| Corporate Tax Rate | 29.5% |
| Personal Income Tax Rate | 30% |
| VAT / Sales Tax | 18% |
| Capital Gains Tax | 5% |
| Withholding Tax | 5% |
| Reduced Corporate Tax Available | Yes |
| Non-Resident Withholding Exempt | No |
| Tax Treaty Network | Yes |
| Banking Access | HIGH |
| Financial Privacy | MEDIUM |
| Currency Controls | NONE |
| Local Bank Account Required | Yes |
| Non-Resident Bank Account Allowed | No |
| Physical Presence for Banking | Yes |
| Banks Restrictive (High Risk) | No |
| AML Officer Required | Yes |
| MLRO Required | Yes |
| Compliance Officer Required | Yes |
| Data Protection Officer Required | No |
| Bookkeeping Frequency | Annual |
| Local Bookkeeping Required | Yes |
| Mandatory Audit | No |
| License Required | No |
| Local Director Required | No |
| Local AML Director Required | Yes |
| Local Legal Address Required | Yes |
| Local Physical Office Required | No |
| Required Share Capital | $0 |
| Capital Maintained in Account | No |
| Compliance Program Required | Yes |
| Travel Rule Compliance | FATF Travel Rule effective August 1, 2026 per SBS Resolution 02648-2024 |
| Business Plan Required | Basic business description required for registration |
| Personnel Required | Compliance Officer registered with UIF |
| Insurance Required | No |
| Remote Incorporation Possible | Yes |
| 100% Foreign Ownership | Yes |
| Min. Shareholders | 2 |
| Min. Directors | 1 |
| Shareholder/Director Same Person | Yes |
| Registry Public | No |
| Registry Access | Registration with UIF-Peru required for VASPs as obligated subjects under DS 006-2023-JUS |
| Renewal Period | Annual |
| Accounting Filing Required | Yes |
| Accounting Filing Frequency | Annual |
| Financial Statement Required | Yes |
| Financial Statement Frequency | Annual |
| Accounting Audit Mandatory | No |
| Compliance Audit Mandatory | No |
| Technical Audit Mandatory | No |
| Corporate Income Tax Applicable | Yes |
| Dividend Tax Applicable | Yes |
| Capital Gains Tax Applicable | Yes |
| Territorial Tax Regime | No |
| VAT Applicable | Yes |
| Regulators | Superintendency of Banking, Insurance and Pension Fund Administrators (SBS) through Financial Intelligence Unit (UIF-Peru) |
| Licensing Fee | $0 |
| Licensing Fee Details | No licensing fee as such - registration as obligated subject required. Penalties up to 50 UIT for non-compliance. |
| Permitted Business Models | Exchange (fiat-crypto), Exchange (crypto-crypto), Transfer services, Custody services, Financial services related to virtual asset issuance |
| Permitted Activities | Trading, Exchange, Custody, Transfer of virtual assets |
| Restricted Activities | No specific restrictions, but pending comprehensive crypto bill (Bill No. 1042-2021-CR) may introduce further requirements |
| Cross-Border Service Allowed | Yes |
| Physical Inspection Required | No |
| Derivatives Allowed | Yes |
| RWA Tokenization Allowed | Yes |
| App Store Listing Allowed | Yes |
| Crypto Custody Allowed | Yes |
| License Required | Yes |
| Local Director Required | No |
| Local AML Director Required | Yes |
| Local Legal Address Required | Yes |
| Local Physical Office Required | Yes |
| Required Share Capital | $3,210,000 |
| Capital Maintained in Account | Yes |
| Compliance Program Required | Yes |
| Travel Rule Compliance | N/A for gambling |
| Business Plan Required | Comprehensive business, technical, and financial documentation required including ownership details, platform agreements, RNG certification, AML/KYC measures |
| Personnel Required | Compliance officer registered with UIF, AML officer, responsible gambling personnel |
| Insurance Required | No |
| Remote Incorporation Possible | No |
| 100% Foreign Ownership | Yes |
| Min. Shareholders | 2 |
| Min. Directors | 1 |
| Shareholder/Director Same Person | Yes |
| Registry Public | Yes |
| Registry Access | MINCETUR maintains registry of authorized operators |
| Renewal Period | 6 years |
| Accounting Filing Required | Yes |
| Accounting Filing Frequency | Monthly |
| Financial Statement Required | Yes |
| Financial Statement Frequency | Annual |
| Accounting Audit Mandatory | Yes |
| Compliance Audit Mandatory | Yes |
| Technical Audit Mandatory | Yes |
| Corporate Income Tax Applicable | Yes |
| Dividend Tax Applicable | Yes |
| Capital Gains Tax Applicable | Yes |
| Territorial Tax Regime | No |
| VAT Applicable | No |
| Regulators | Ministry of Foreign Trade and Tourism (MINCETUR) through Directorate General of Casino Games and Slot Machines (DGJCMT) |
| Licensing Fee | $2,970,000 |
| Licensing Fee Details | License guarantee of 600 UIT (approximately S/ 3,210,000 in 2025) or 3% of projected annual net income, whichever is greater. Separate licenses required for remote gaming and remote sports betting. |
| Permitted Business Models | B2C Online Casino, B2C Sports Betting, Land-based casino, Retail betting points |
| Permitted Activities | Online casino games, Remote sports betting, Land-based casino games, Slot machines |
| Restricted Activities | Cryptocurrency betting prohibited. No betting locations within 150m of schools. Sports participants prohibited from betting. |
| Cross-Border Service Allowed | Yes |
| Physical Inspection Required | Yes |
| Player Fund Segregation | Yes |
| B2B/B2C Separate Requirements | Yes |
| License Required | Yes |
| Local Director Required | Yes |
| Local AML Director Required | Yes |
| Local Legal Address Required | Yes |
| Local Physical Office Required | Yes |
| Capital Maintained in Account | Yes |
| Compliance Program Required | Yes |
| Travel Rule Compliance | FATF compliant (Peru is a FATF member since 1991) |
| Business Plan Required | Comprehensive business plan with financial projections required per SBS regulations |
| Personnel Required | CEO, Compliance Officer, AML Officer, Internal Auditor |
| Insurance Required | No |
| Remote Incorporation Possible | No |
| 100% Foreign Ownership | Yes |
| Min. Shareholders | 2 |
| Min. Directors | 3 |
| Shareholder/Director Same Person | No |
| Registry Public | Yes |
| Registry Access | SBS maintains register of supervised financial entities |
| Renewal Period | Annual |
| Accounting Filing Required | Yes |
| Accounting Filing Frequency | Annual |
| Financial Statement Required | Yes |
| Financial Statement Frequency | Annual |
| Accounting Audit Mandatory | Yes |
| Compliance Audit Mandatory | Yes |
| Technical Audit Mandatory | No |
| Corporate Income Tax Applicable | Yes |
| Dividend Tax Applicable | Yes |
| Capital Gains Tax Applicable | Yes |
| Territorial Tax Regime | No |
| VAT Applicable | Yes |
| Regulators | Superintendency of Banking, Insurance and Pension Fund Administrators (SBS) |
| Licensing Fee | $0 |
| Licensing Fee Details | Application fees vary by license type. EMIs regulated under Law 29985 require minimum capital per SBS Resolution N° 6284-2013. |
| Permitted Business Models | EMI (Electronic Money Issuer), Financial Company, Payment Facilitator |
| Permitted Activities | E-money issuance, Payment services, Money remittance, Digital wallets, Payment facilitation |
| Restricted Activities | Full banking services require commercial bank license; insurance requires separate SBS authorization |
| Cross-Border Service Allowed | Yes |
| Physical Inspection Required | Yes |