What is a S.A.C.S.?

The Simplified Closed Corporation (S.A.C.S.) is a type of corporate entity that can be incorporated quickly, easily, and 100% digitally through the platform of the National Superintendency of Public Registries (SUNARP). This business model is specially designed for entrepreneurs and small business owners seeking to formalize their activities efficiently and with reduced costs.

Explanation of Legislative Decree N° 1409

Legislative Decree N° 1409, enacted in 2018, establishes the legal framework for the creation of S.A.C.S. Among its main characteristics are:

1. 100% digital incorporation: It is carried out through the SUNARP platform without the need for a public deed or a notary.

2. Lower cost and speed: The creation of a S.A.C.S. is much more economical and faster compared to other types of corporations.

3. Minimum of one shareholder and maximum of 20: Incorporation is allowed with a single partner, which facilitates business management.

4. Limited liability: Shareholders are only liable up to the amount of their contributions, protecting their personal assets.

5. No bylaws or social pact required: The creation is formalized with a standardized document provided by SUNARP.

*Source: Legislative Decree N° 1409

Why choose a S.A.C.S.?

Opting for a S.A.C.S. has several benefits for entrepreneurs and small business owners, including:

✅ Ease of creation: Thanks to its digital modality, it can be incorporated in a few days without cumbersome procedures.

✅ Lower administrative costs: By avoiding the use of notaries and complex registries, initial expenses are significantly reduced.

✅ Flexibility in administration: A complex organizational structure is not required, allowing for simple management.

✅ Fast formalization: It provides access to tax and financial benefits that only formally registered companies have.

In conclusion, the S.A.C.S. is an excellent alternative for those who wish to undertake in a formal, agile manner and with reduced costs. Thanks to Legislative Decree No. 1409, business creation in Peru is more accessible than ever, fostering the growth and development of the business sector.