Introduction

The Simplified Closed Corporation (SACS) is a type of company in Peru created to facilitate the formalization of businesses quickly and easily. This alternative corporate regime, introduced in 2018 by Legislative Decree N° 1409, allows entrepreneurs to incorporate a company without the need for traditional notary or registration procedures.

Main Characteristics of the SACS

  • Digital Incorporation: The SACS can be incorporated completely digitally through the SID-SUNARP platform.

  • Minimum Shareholders: The SACS is formed by the private agreement of two (02) or up to twenty (20) natural persons, who are financially responsible up to the amount of their respective contributions.

  • No Public Deed: It does not require the intervention of a notary to sign the Constitutive Act.

  • Limited Liability: Shareholders are not personally liable for the company’s debts.

  • Share Capital: There is no minimum required capital.

    Source: Legislative Decree N° 1409

Benefits of the SACS

  • Fast Incorporation: It can be incorporated in a few days through the digital platform.

  • Lower Costs: By not requiring a public deed or notary procedures, the incorporation cost is lower.

  • Management Flexibility: It adapts to the needs of small and medium-sized enterprises.

Steps to Incorporate a SACS in Peru

  • Registration on the SID-SUNARP Platform: Access the digital platform and complete the company data.

  • Drafting the Constitutive Act: It is automatically generated in the system with the data provided.

  • Digital Signature of Shareholders: All shareholders must digitally sign the document.

  • Registration in the Registry of Legal Entities: SUNARP validates the information and proceeds with the registration.

  • Obtain RUC and Licenses: Once registered, the RUC must be processed at SUNAT and municipal permits managed as applicable.