Argentina vs Peru
Weighted for the selected setup lens
53/100
8-16 weeks
$3,500
Weighted for the selected setup lens
64/100
6-12 weeks
$3,500
Operational Ease updated: Argentina 53; Peru 64.
What are you setting up?
NavviPal's formation fee in Argentina is $3,500. In Peru, it's $3,500. Formation takes 8-16 weeks in Argentina and 6-12 weeks in Peru.
How to decide
Operational Ease scores and category leaders are mechanical outputs from the source facts, not a universal country recommendation. Use the selected lens, then assess the complete legal, tax, banking, payroll, and operating requirements for your structure.
Review Argentina
Review Argentina if this market remains in scope after you assess its entity types, local-management requirements, published cost basis, tax rules, banking timeline, and payroll obligations.
View Argentina guideReview Peru
Review Peru if this market remains in scope after you assess its entity types, local-management requirements, published cost basis, tax rules, banking timeline, and payroll obligations.
View Peru guideSource-backed formation and operating facts
The selected lens changes which source facts appear first and how the five dimension scores are weighted. Category leaders use the displayed calculated scores only.
| Category | Argentina | Peru |
|---|---|---|
| Corporate tax | Corporate income tax (Impuesto a las Ganancias) is levied progressively at 25% up to ARS 50 million, 30% from ARS 50 to 100 million, and 35% above that threshold, plus a 7% dividend withholding. Monthly advance payments are required. Argentina remains classified as IAS 29 hyperinflationary for IFRS purposes, so financial statements must still be restated for inflation every period, a standing requirement that continues even in years when the inflation rate itself falls, not a one-time adjustment. Country guide | Peru's corporate income tax (Impuesto a la Renta de Tercera Categoría) is levied at 29.5% on net taxable income. Monthly advance payments (pagos a cuenta) of approximately 1.5% of net monthly revenue are required throughout the year, with a final settlement in April. Country guide |
| Local management or representation | Under Article 256 of Argentina's General Companies Law, an absolute majority of an S.A.'s board of directors (or all of an S.R.L.'s gerentes) must have their domicilio real, their actual legal residence, in Argentina. A Sociedad por Acciones Simplificada (S.A.S.) has a lighter version of this rule and needs only one Argentina-resident member of its management body. Foreign nationals can hold board seats and full economic control, but the residency majority itself cannot be waived. This is commonly satisfied by appointing a professional or nominee resident director alongside the foreign management team. Country guide | Peru requires companies to have a legal representative (Gerente General) who is a Peruvian national or legal resident. NavviPal provides a qualified local legal representative who acts solely on your company's instructions with full indemnity protections. Country guide |
| Payroll and employment | Argentina's labor framework is governed by the Ley de Contrato de Trabajo (LCT) and collective bargaining agreements (convenios colectivos). Employer obligations are extensive and employment relationships are strongly protected by law. Country guide | Peru's labor framework is governed by the Decreto Legislativo 728 (LPCL). Employers must budget for mandatory CTS (severance), profit sharing (under certain conditions), and social security contributions. Country guide |
| Formation timeline | 8-16 weeks Country guide | |
| Foreign ownership | Foreign nationals can own 100% of the equity in an Argentine entity, with no nationality requirement for shareholders. Board composition is a separate question from ownership: under Article 256 of the General Companies Law, an absolute majority of an S.A.'s directors (or all of an S.R.L.'s gerentes) must be Argentina residents, regardless of nationality, unless the entity is structured as an S.A.S., which needs only one resident manager. Currency controls have eased since 2025: dividends from profits earned in fiscal years starting on or after January 1, 2025 can now move through the official FX market, though profits accumulated before that date and repayment of pre-existing intercompany debt principal remain restricted. NavviPal recommends a current review of FX access conditions and board-residency structuring before investing in Argentina. Country guide | Peru permits 100% foreign ownership in most sectors. All economic ownership can be held by foreign nationals, but a Peruvian national or foreign resident with a valid work visa must serve as Gerente General. Restrictions apply in broadcasting, commercial aviation, and land within 50km of national borders. Foreign investment registration with PROINVERSIÓN is optional but recommended for stabilization agreements and investment recovery guarantees. Country guide |
| Corporate bank-account timeline | 7-30 business days Country guide | |
| NavviPal formation fee | $3,500 Country guide | $3,500 Country guide |
| VAT or indirect tax | Argentina's IVA (VAT) is levied at a general rate of 21%, with a reduced rate of 10.5% for certain goods (food, medicine, utilities). Monthly or bi-monthly IVA declarations are filed electronically through the AFIP portal. Inflation-adjusted invoicing and accounting is mandatory. Country guide | Peru's VAT (IGV, Impuesto General a las Ventas) is levied at 18% (16% IGV + 2% municipal promotion tax, IPM). Monthly IGV declarations are filed electronically through the SUNAT portal. Electronic invoicing (comprobantes electrónicos) is mandatory. Country guide |
| Authorities | AFIP (Administración Federal de Ingresos Públicos): Federal tax authority responsible for CUIT registration, tax compliance, and revenue collection, IGJ (Inspección General de Justicia): Corporate registry authority in Buenos Aires overseeing company registration and corporate compliance Country guide | SUNAT (Superintendencia Nacional de Aduanas y de Administración Tributaria): Peru's tax and customs authority responsible for RUC issuance, tax compliance, and customs administration Country guide |
| Entity types | SRL (Sociedad de Responsabilidad Limitada), SA (Sociedad Anónima), SAS (Sociedad por Acciones Simplificada) Country guide | SAC (Sociedad Anónima Cerrada), SRL (Sociedad de Responsabilidad Limitada), SA (Sociedad Anónima) Country guide |
Related comparisons
Services you'll need in both markets
Ready to incorporate in Latin America?
NavviPal handles company formation, compliance, accounting, and tax obligations in every market on this page, so you can focus on building your business.