c2luke
From: United States
4/17/2005 23:41 EST
I am considering starting a business in Peru. I have heard some warnings about starting a business overseas (i.e. locals stealing the business, barriers, etc.). I have also studied up on the payroll rules when employing Peruvians (AFP, labor laws, etc.).
However, I am open to hearing any more advice or given an resources. I would certainly LOVE to speak with someone that has started a business in Peru. As with any entrepreneur, I am putting a lot of my life savings on the line to do something adventurous.
Thank you!
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Arturas
From: Lithuania
4/25/2005 14:34 EST
I have had my own business since 2001 in Vilnius Lithuania. I have also seen a few foreign capital businesses fonded here. My primary question would be are you going to live in Peru and personally run the business. From what I have seen, unless you do that, you have a very small chance of success. I presume you have experience in the field in which you are going to found your business. Nevertheless, I would recommend either working in Peru for a while for another busness and starting your own slowly. It also helps if you have a product that the locals cannot duplicate at a lower price. I work as a translator, so there is no question I know English, although I just lost a client because they believed the locals who said I did not and they could not make the decision for themselves. However I have plenty of clients, so that is not a problem. I just use it as an example. For the first few years, I had to put up with a lot until I established a reputation. Also, if you do not speak Spanish fluently, you are going to run into problems because you will not be able to read the company's documents. It just makes it easier for the staff to hide things, esp since you have to get all your information through just a few people. Good luck. You are welcome to write me, if you like. My website is at www.zverte.com
Arturas Bakanauskas
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iraleigh
From: Chile
11/13/2005 08:23 EST
hi, I ahve set up a company in Peru, bit buracratic but nothing very complicated. Need to know anything specific?
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incurabletrekkie
From: Peru
11/25/2005 18:54 EST
I'm in the process of setting up a business in Peru and had numerous warnings about being manipulated, lied to or ripped off by people here. Thanks to them I narrowly escaped losing everything. Be VERY careful who you trust and never sign anything you haven't had translated into your own language and understand completely.
Saying that I've found the majority of people here are great and have made some really good friends.
The beaurocracy can be infuriating but is just something you have to live with.
I too would be grateful for any advice from anyone who has successful navigated the pitfalls.
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incurabletrekkie
From: Peru
11/25/2005 18:56 EST
I'm in the process of setting up a business in Peru and had numerous warnings about being manipulated, lied to or ripped off by people here. Thanks to them I narrowly escaped losing everything. Be VERY careful who you trust and never sign anything you haven't had translated into your own language and understand completely.
Saying that I've found the majority of people here are great and have made some really good friends.
The beaurocracy can be infuriating but is just something you have to live with.
I too would be grateful for any advice from anyone who has successful navigated the pitfalls.
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sherifjohnbrown
1/9/2009 16:42 EST
I am currently starting a business in Peru. The Peruvian paper work is fairly simple, but what kind of U.S. paper work is required because I am starting a U.S. company with a Peruvian call center? Let me know.
Thanks
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