Business accounts: Peru
An honest assessment before work starts, the quote is fixed in writing.
Peru is one of Latin America's most stable economies, with low inflation and a strong central bank. Banks are supervised by the Superintendency of Banking, Insurance and Pension Funds, and payments are made in both soles and dollars: the economy is highly dollarised, so a company account is usually opened in both currencies. A business account here is opened for a Peruvian company: trade, mining contractors, agriculture and exports, tourism, services.
Who will get an account
| Company | Chances | What else the bank will ask |
|---|---|---|
| Peruvian company with a representative holding a Peruvian ID | high | company tax number, register extract, representative's powers |
| Peruvian company with a foreign owner | medium to high | owner's documents with apostille and Spanish translation, source of capital |
| Foreign company not registered in Peru | low | a company or branch is usually registered first |
What the bank will check
- The company's tax number with the tax authority and its status: active and with a confirmed address.
- A National Registry extract on the company's formation and the representatives' powers.
- Representatives' IDs: in practice the bank and the tax authority need a representative with a Peruvian ID card or foreigner's card.
- Ultimate beneficial owner details, which companies file with the tax authority.
- Business description, contracts, payment countries and currencies, source of the share capital.
How the opening works
| Stage | What happens | Time |
|---|---|---|
| 1. Company | articles before a notary, registry filing, tax number | 1-3 weeks |
| 2. Pack | company and owner documents, translations, business description | about a week |
| 3. Review | representative's meeting with the bank, questions on the business | from a few days to 2-3 weeks |
| 4. Setup | accounts in soles and dollars, online banking, withholding account | a few days |
Features of Peruvian payments
- By law payments above 2,000 soles or $500 go through a bank: such cash payments cannot be deducted as expenses.
- A financial transactions tax of 0.005% is withheld on every account transaction.
- Suppliers of certain goods and services open a separate account at the state-owned National Bank: buyers transfer part of the payment there, and the company pays its taxes from that money.
- Dollar accounts are common for domestic payments too.
Company taxes
| Tax | Rate |
|---|---|
| Corporate income tax, general regime | 29.5% |
| Small business regime | 10% on profit up to 15 tax units, about 82,500 soles, 29.5% above |
| Dividend tax | 5% |
| General sales tax | 18% |
The tax unit for 2026 is 5,500 soles, about $1,601 at the Central Reserve Bank rate of 5 October 2026, 3.436 soles per dollar.
The company and residence
A foreigner who invests at least 500,000 soles, about $145,600, in a Peruvian company can obtain investor residence. The company must be operating: the Migration Service looks at the previous year's tax return and the municipal licence. With residence the owner receives a foreigner's card, and the bank serves them as a resident.
Who gets refused
The bank will refuse if the company has no active tax number and confirmed address, if the representative has no Peruvian ID, if the source of capital cannot be proven with documents, or if the company, its owners or counterparties are linked to sanctions. We check whether the bank works with your citizenship before preparing documents.
What we do
Murblz specialists register the Peruvian company, obtain the tax number, help find a representative if needed, prepare the owners' documents with apostille and translation, the business description and the explanation of the source of capital, and support the bank meeting and account opening. If needed, we handle the investor residence application. We fix the estimate in writing; the decision to open an account always rests with the bank.
What we do
- Corporate account - opening assistance
See also
Company formation · Personal account · Investment property
FAQ
Can a foreigner open an account for a Peruvian company?
Which currency should the account be in?
What taxes does a Peruvian company pay?
What is a withholding account?
Does a company give residence in Peru?
How much does it cost to open a company account with your help?
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