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.

It has to be registered in the Public Registry of the Securities Market. Finally, this type of corporation is controlled by the Superintendent of Securities, formerly CONASEV.

Peruvian publicly-held corporation requirements

Shareholders’ Identification Data

In case the shareholders are foreigners visiting our country, it is required their foreign identity cards or on the contrary, identification data of the Attorney representing them indicating the powers granted to him or her.

Line of Company Business

It must be detailed for the corporation’s purposes.

Type of Contribution

It can be in cash or in personal property. Also, it must be defined the way of distribution of the capital among the shareholders and the nominal value of the shares.

The identification data of the first directors

3 members, as a minimum, stating which of them will be the chairman of the board and the identification data of the general manager or the managers, depending on whether the shareholders wish to have a single or several managers.