Finding a provider of corporate legal services in Peru is essential if you are looking to enter the Peruvian market. Because if you are planning company formation in Peru, an attorney with a strong track record in providing services to businesses will be able to oversee the process in the shortest time possible and in full compliance with the law.
Like most countries around the world, Peru’s economy suffered during the COVID-19 pandemic, however it is already bouncing back, with latest figures from the UN’s Economic Commission for Latin America and the Caribbean (ECLAC) suggesting that gross domestic product (GDP) will grow 10.6% in 2021.
Peru is well-known as a producer of gold, copper, and agricultural products, while recent years have seen the services sector grow to contribute an increasing portion of GDP, which in 2019 totalled $226.8 billion.
Peru is also a hub for trade, and a founding member of the Pacific Alliance — a decade-old economic integration initiative that also includes Chile, Colombia, and Mexico, and has ambitions to expand beyond the region.
It is also a member of the Andean Community of Nations (CAN) — a regional association focused on eliminating trade barriers that also includes Bolivia, Colombia, and Ecuador, and which recently established the Andean Migration Statute to ease movement for workers in the region.
All of these factors help to make Peru one of the most popular destinations for foreign investors in the region, with a host of opportunities that your corporate attorney will be able to help you access.
Read on to understand more about some matters on which your provider of legal services in Peru will be able to help you with, or go ahead and contact us now to discuss how we can support your business.
Main legal services in Peru that you may need
Your attorney in Peru will be able to provide assist you in the following legal areas:
Corporate law: covers rights, relations, and the conduct of people, business, and organizations to ensure legal compliance. In complying with all aspects of corporate law, your legal services provider will guarantee your good standing.
Labor law: focuses on guaranteeing the proper treatment of employees, as well as the good management of a workforce via appropriate contracts and working arrangements, in order to best meet the company’s needs.
Trade law: focuses on transactions, including the likes of import and export, as well as management of trade conventions between different countries.
Mining law: if you are involved in the extractive industries, you will need a provider of legal services in Peru with expertise in mining law, which covers the regulations related to exploring and extracting minerals and metals.
Liquidation of services: relate to the proper closing of a business, and are an important aspect of operating in a given market that your attorney will be able to oversee in order to maintain your good name with local authorities.
Finding the right corporate attorney in Peru
Every new market you enter will have a corporate legal regime filled with its own novelties and idiosyncrasies, which a local attorney will be able to help you navigate.
So when you seek out legal services in Peru, you will want to find a provider with experience dealing with the sector or type of activity you intend to become involved in.
Depending on the level of support you need in the market, you may prefer to contract a dedicated legal services provider, however if you will also benefit from the likes of accounting, recruitment, and tax advisory, you would likely benefit from contracting a firm offering integrated back-office services.
Should you wish to get to work in the market in the shortest time possible, or are planning a short-term or limited scale operation and would like to avoid having to establish an entity, you may find that your best option is to contract staff through a professional employer organization (PEO) in Peru.
Biz Latin Hub can offer you legal services in Peru
At Biz Latin Hub, we can be your single point of contact for entering and doing business in Peru. Our bilingual team of corporate support experts based in Lima is available to provide you with legal services in Peru as part of an integrated package tailored to your needs, including the likes of company formation, accounting & taxation, corporate legal support, hiring & PEO, and visa processing.
Contact us today to discuss how we can assist you in Peru, or any of the other 17 markets around Latin America and the Caribbean where we have teams in place.
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