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The Canadian multinational Scotiabank announced last Friday that it completed the acquisition of 51% of the shares of the Chilean Banco Cencosud’s in Peru after receiving the approval from Peruvian authorities.
The past year hasn’t been especially positive for doing business in Peru. According to the “Doing Business Report 2019” published by the World Bank, Peru lost 10 positions in the overall global Ease of Doing Business ranking and is now only positioned on rank 68 from 190 surveyed economies.
Peru’s hotel group, Libertador Hotels, Resorts & Spas has announced the opening of the 164-room Aloft Hotel Lima in the Miraflores district. This property is the first Aloft hotel in Peru and features the typical bold Aloft’s signature stylish design, unique live music programming and tech-forward features such as keyless entry.
Business Part 5TinTinUpdatedOctober 25, 201829240100
In this guide we have collected important additional legal background for the corporate environment in Peru. Before reading this, you should have a good understanding of the "Company & Corporation Types in Peru" that is the second part of our Business & Investment Guide.
Business Part 1TinTinUpdatedOctober 19, 201837170100
Peru is seeking to attract investment, both domestic and foreign, in all sectors of the economy. For such purpose, it has taken the necessary measures to establish a coherent investment policy that eliminates barriers that may be faced by foreign investors. As a result, it has been considered one of the countries with the most open investment regimes in...
Business Part 3TinTinUpdatedOctober 19, 201846790100
Any company established in Peru with national or foreign capitals is governed by the General Law on Companies. Companies can be established in a sole act performed by the founding partners. To register a Company only two partners who may be individuals (or a corporate body) and the preparation of the Minutes of Incorporation are required. ...
Business Part 2TinTinUpdatedOctober 19, 201843820100
There are different types of legal entities which investors can use in order to incorporate businesses in Peru. The main legal forms of companies are: corporation, limited liability companies, branch offices, joint venture, etc. The following corporation and company types are those most commonly used in Peru.
Secretary-General Angel Gurria of the Organization for Economic Co-Operation and Development (OECD) and Peruvian Finance and Economy Minister David Tuesta met yesterday in Paris during a festive ceremony where they signed two major OECD Convention: the Convention on Combating Bribery of Foreign Public Officials in International Business Transactions (Anti-Bribery Convention) and the multilateral Convention on Mutual Administrative Assistance in...