How to open a Corporate Bank Account in Peru?

Peru is one of the economies in South America that has had incredible growth and development. For the last 20 years, it has been the favorite destination for all types of businesses, big and small, to expand and explore a new, interesting, and growing market.

If you want to do business in Peru, you’ll need to open a corporate bank account to manage your finances. Furthermore, it gives your company a better image and your clients and providers’ trust.

Who can open a corporate bank account in Peru? What are the different types of bank accounts? What documents are required? How to register a company in Peru?

Here’s a step-by-step guide on how to open a corporate bank account in Peru:

1. Determine which type of bank account you need

Before opening a corporate bank account in Peru, it’s important to determine which type of account is best for your business. The most common types of accounts are checking accounts and savings accounts. You should also consider whether you need a local or foreign currency account, as well as any other specific features that are important to your business.

2. Gather your documents

In order to open a corporate bank account in Peru, you will need to provide the following documents:

• A copy of your company’s articles of incorporation
• Your company’s tax identification number (RUC)
• A document proving the identity of the company’s legal representative
• A document proving the identity of each authorized signatory

3. Choose a bank

Peru has several reputable banks that offer corporate banking services, including Banco de Crédito del Perú, Interbank, Scotiabank, and BBVA. It’s important to research each bank’s offerings and fees to find the best fit for your business.

Furthermore, choosing a bank that offers the best fees and completion times for international transactions is important.

4. Schedule an appointment with the bank

Once you’ve chosen a bank, you’ll need to schedule an appointment to open your account. Make sure to bring all of the required documents with you to the appointment.

5. Complete the account opening process

During the appointment, you’ll need to provide the bank with all required documents and fill out any necessary forms. The bank will also perform a background check on your company and legal representatives before approving the account.

6. Start using your account

Once your account has been approved, you can start using it to manage your finances in Peru. Be sure to familiarize yourself with the bank’s fees and features to make the most of your account.

In conclusion, opening a corporate bank account in Peru is a straightforward process that can be completed in just a few steps. By choosing the right account type, gathering the necessary documents, and working with a reputable bank, you can easily manage your finances in Peru and focus on growing your business.

Get Assistance from Easyco Experts!

Peru is the perfect country to register your business! You can get in touch with us to ensure you register your company correctly and comply with all local laws and regulations. Our team of experts will make the company registration process easy for you!

At Easyco, we make company formation in Latin America easy. Our corporate experts have vast experience helping companies and individuals register their businesses, with a proven track record of success across all our services. Easyco aims to tackle the complex company formation processes across LATAM. We make business registration easy by providing a hassle-free online company registration experience. Start your company in South America today!

Additionally, Easyco provides additional services to guarantee your company’s compliance, which includes:

• Appointment of legal representation,
• Providing a registered office address
• Handling tax and accounting
• Hassle-free Payroll Services
• Manage your Company bank account opening
• Manage your Trademark Registration
• Recruiting and Hiring Talent
• Corporate Legal Services.