Peru is a rapidly growing country with key industries including mining, tourism, and manufacturing. Companies looking to expand in Peru have a variety of business options and corporate tax rates vary by industry.

Some labor and payroll considerations include:

  • Fixed and part-time employment contracts must be in writing
  • The standard work week is 48 hours, Monday – Saturday
  • 9% of employee pay must be withheld and submitted monthly to the National Health System
  • There are multiple withholding obligations for benefits including vacation and bonus pay
  • Foreign workers must obtain a work permit, but can arrive via tourist visa or business visa
  • Employers have a wage quota, and only 20% of a company’s labor force can be foreign workers
  • Employers must send work contracts to the Peruvian Ministry of Labor
  • In accordance with the labor laws in Peru, employees are entitled to five (5) paid sick days per year

To begin operations in Peru, or to simplify current operations, we can help. Blue Marble has created cloud-based payroll technology with aggregated monthly reporting, so you can view payroll across all countries and currencies in real-time. Our US-based service team and in-country experts are here to help when questions come up. We can ensure compliance for your workforce in Peru. To learn more or get started: click here