Finding a reliable corporate legal firm in Peru is crucial if you are engaging in or planning to engage in business in the Andean nation. It is important to seek out a corporate legal firm in Peru with a proven track record of assisting investors in the market.
Peru is ranked as one of the best South American countries for doing business by the World Bank (downloadable PDF). The country experienced 18 consecutive years of growth up to 2019 at rates above the Latin American average, with an average annual growth rate of 3.2 percent over the past five years. Peru offers a business- and investment-friendly environment, and has established free trade agreements (FTAs) with countries such as the USA, Canada, Chile, the EU, and Japan, among others.
In addition to its strategic location on South America’s Pacific coast, Peru boasts a rich pool of natural resources. The country’s primary exports include ores, gems and precious metals, foodstuffs and by-products of food production, and mineral fuels.
If you are doing business in Peru or considering entering the Peruvian market, continue reading to discover more about finding a reliable corporate legal firm in Peru and the types of legal services they offer.
Watch the video below to gain a better understanding of what a legal representative is when investing in Latin America.
What does a corporate legal firm do?
A corporate legal firm is a team of licensed lawyers trained to handle various corporate legal matters. Some firms specialize in a specific type of corporate law, while others have specialists in multiple areas, offering a wider range of services.
Corporate law encompasses labor law, litigation and negotiations, trade law, mining law, and liquidation services. These areas involve:
- Corporate Law: Commercial agreements, contracts, corporate documents, IP registrations, and trademarks.
- Mining Law: Legal services focused on concession applications, permit applications, and commercial agreements.
- Litigation and Negotiation: Legal support for litigations and commercial negotiations.
- Labor Law: Preparation of employment contracts and company support for managing employee legal matters.
- Trade Law: Comprehensive legal support for the importation and exportation of products.
- Liquidation Services: Provision of legal support for the liquidation of local legal entities.
Therefore, when seeking a corporate legal firm in Peru, it is important to consider the extent to which a firm is able to meet your specific needs.
Importance of legal advice
Administering a business is a challenging and continuous task, involving numerous unexpected obstacles and legal pitfalls. High-quality legal advice is crucial for investors working in a new or unfamiliar market.
A reputable corporate legal firm in Peru will have a proven track record and the resultant good reputation. It is essential to find a firm with experience in similar matters to your own, as an experienced corporate legal guide can help anticipate potential problems and opportunities.
Maintaining good standing with authorities is also important, both by ensuring compliance with local legislation and by leveraging the firm’s established network developed over years.
Hiring an established legal firm in Peru can ultimately save money, as experience should ensure smooth processes without costly errors. Additionally, a firm that offers other back-office and commercial support services can provide advice related to investment choices and entering other markets.
Biz Latin Hub can be your legal firm in Peru
If you are considering doing business in Peru, our multilingual legal and accounting services team can provide significant benefits to your operations. Our international team of experts can assist you in a wide range of corporate legal affairs and has extensive experience in establishing and managing foreign companies in the country.
Contact us now to discuss the services we offer or to get a quote.
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The information provided here within should not be construed as formal guidance or advice. Please consult a professional for your specific situation. Information provided is for informative purposes only and may not capture all pertinent laws, standards, and best practices. The regulatory landscape is continually evolving; information mentioned may be outdated and/or could undergo changes. The interpretations presented are not official. Some sections are based on the interpretations or views of relevant authorities, but we cannot ensure that these perspectives will be supported in all professional settings.
