PERU Trends and Developments Contributed by: Jorge Vega Soyer, Jose Fernando Valdivieso, José Manuel Guerra Caballero and Enrique Cavero Safra, Vega, Valdivieso, Guerra & Cavero – Vega & Abogados
Overview and Investment Climate Peru maintains a proactive policy of promot - ing and opening up to private investment, both domestic and foreign. This is reinforced by a set of regulations governing key sectors for digital and technological development, creating a rela - tively predictable environment for businesses entering the telecommunications, digital media, e-commerce, creative industries and tech ser - vices markets. Key sectors benefiting from foreign investment include telecommunications, real estate, fintech, healthtech, agriculture and infrastructure. In 2025, Peru continues to push forward with digi - tal transformation, energy transition and regula - tory simplification efforts to strengthen competi - tiveness and ease of doing business. Investor tip: Peru offers sector-specific incen - tives in broadband, mining and agro-export activities. Investors are encouraged to explore project finance opportunities under PPP mecha - nisms. Corporate Law and Foreign Investment Peru has established itself as an attractive juris - diction for both local and foreign investors, offer - ing a corporate legal framework that promotes formalisation, capital protection and business efficiency. Corporate law in Peru governs the incorporation, organisation, operation, transfor - mation, merger, spin-off, dissolution and liquida - tion of legal entities, particularly business corpo - rations, under Law No 26887 – General Law of Companies (LGS). Common business entities Common business entities include the following.
• Sociedad Anónima Cerrad (S.A.C.) – designed for small shareholder bases (maximum 20), offering simplified governance. • Sociedad Anónima (S.A.) – suitable for larger entities and public offerings. • Sociedad Comercial de Responsabilidad Limitada (S.R.L.) – similar to a closely-held LLC. Since 2020, the Sociedad por Acciones Cerrada Simplificada (SACS), governed by Legislative Decree No 1409, has offered a digital incorpo - ration alternative for micro and small enterprises via the SUNARP digital platform (SID-SUNARP), using digital signatures without requiring a public deed. Foreign entities can operate occasionally in Peru without formal registration, but for regular opera - tions, registration with SUNARP, a local address, and appointment of a Peruvian or resident legal representative is mandatory. Corporate governance and compliance Boards and general managers are typical gov - ernance bodies. Boards are mandatory for S.A. and optional for S.A.C. and S.R.L. Listed companies must comply with the Corpo - rate Governance Code issued by the SMV. Fiduciary duties include diligence, loyalty and compliance with statutory obligations. Legal liability Managers are liable to the company, sharehold - ers, and third parties for breaches of duty. Law No 30424 holds legal persons criminally lia - ble for corruption and money laundering, unless effective compliance programmes are in place.
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