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Evangelista Torricelli 195 - Office No.201 - San Borja - Lima - PERU
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How to Set Up a Branch Office in Peru

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Foreign entities can establish branches in Peru. Branches have permanent legal representation and own procedural autonomy in the activities assigned to them by the parent company, through the powers conferred to their representatives.

ESTUDIO DELION - Corporate Lawyers

Requirements
Peruvian branch office

In order to set up a branch in Peru, it is necessary a public deed prepared by a Peruvian notary public to allow a foreign corporation’s branch. For this purpose, it is essential to provide the information below:

1. the capital assigned to the branch for its activities offered in Peru;

2. the activities of the branch and a declaration affirming that such activities are a part of the parent company's corporate purpose;

3. the address of the branch; and

4. the placement of at least one permanent legal representative in Peru.

Since 1984

ESTUDIO DELION Experience - Prestige - Success

We have also provided many foreign companies with our legal advice regarding the establishment of new corporations before SUNARP – Peru, namely, Erom Global Co.,LTD, from Korea; JOYTRAVEL NY, INC., from the USA; Meridian Business Advisers, from the USA; XM, from Belize; Avente, Inc., from the USA; Tradeview, from England; Rules Cube Inc from Canada; Nature’s Blend from Colombia; Galletasur del Perú from Bolivia; Antares Trading from Argentina; Plastimaq International from Venezuela; Constructora Meco Sucursal Perú SAC from Costa Rica; Biotefar Perú SAC from Colombia; Degusta Internacional SAC from Panama, among others.

If you need any advice, do not hesitate to contact: Lilie C. Delion, email: lcd@estudiodelion.com.pe, we will gladly resolve your queries.

ESTUDIO DELION - since 1984

More Requirements
Peruvian branch office

 

Also, the public deed must include:

  • a certificate of good standing for the parent company in its country of origin, 

certifying that the establishment of foreign branches is allowed by its incorporation’s articles and by-laws;

  • an incorporation articles copy

of the parent company and any other similar instruments in its country of origin;

  • the resolution issued by the parent company’s governing body to establish the branch in Peru.

The documents above and copies must be apostilled or legalized by the Peruvian Consulate in the parent company country.

Branch Liability

The parent company is responsible for all commitments incurred by the branch; any agreement releasing reliability is null.

Capital

the parent company’s total amount of assets to undertake the branch’s activities is known as «assigned capital.»

Branch Administration

Branches must have a permanent legal representative in Peru who shall be allowed to enter contracts in the parent company’s interest. Payment for Profits: there are no restrictions on the payment of profits by a branch to its parent company.

ESTUDIO DELION

Related information:

Establishment of corporation in Peru

The main prosecutions are the Execution of the Public Deed of Incorporation before a Notary Public and the registration of the Articles of Incorporation at the Public Register of Lima, for this purpose, the Deed of incorporation must be prepared by a Law Office or a lawyer representing the corporation. Regarding the execution of the Public Deed, this can be prepared by our Law Firm.

Peruvian Publicly-Held Corporation

A Peruvian publicly-held corporation has some similarities with the ordinarily held corporation like having a general meeting of shareholders, the board of directors and management. However, it has been created for corporations of big capital and a larger structure than the held corporation. Also, in order to consider the establishment of a Public-held corporation, it must be carried out a primary public offering of shares, convertible bonds, or more than 750 shareholders, etc.

Peruvian Held Corporation

The Peruvian Held Corporation is also called Ordinary Held Company; being the most common and also the most used corporation. It could be voluntary established, however in some cases it is established by order of the law, as the cases of the banks. It does not have any limit of shareholders. In addition, it must necessarily have bodies like: the General Meeting of Shareholders, the Board and Management. These promote a better control inside the held company.

Peruvian Closely-Held Corporation

The Peruvian Closely Held Corporation must include twenty (20) shareholders, as a maximum. It can be incorporated in such a way that the General Manager would be empowered will full powers in the name of the corporation. This would speed up the management of the enterprise. However, it would provide less supervision on it.

How to set up a company in Peru

To set up a company in Peru, it is necessary to register it with the National Superintendency of Public Registries SUNARP
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