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Doing Business in the United Kingdom VS Peru – A Comparison
Investors weighing the benefits of starting a business in the United Kingdom versus Peru will find both countries offer different strengths. Peru is resource-rich with a growing middle class, while 3E Accounting emphasizes the United Kingdom’s global market access, advanced infrastructure, and lower entry costs for digital-first businesses. This comparison outlines the key differences for strategic decision-making.
Key Comparison Points
Business Environment
- The United Kingdom: The UK is politically stable, has consistent business regulations, and maintains investor-friendly policies. It ranks highly on global ease of doing business indexes.
- Peru: Peru has a growing economy but faces regulatory inconsistency and occasional political volatility, which can deter long-term planning.
Taxation
- The United Kingdom: Corporate tax is 25%, and incentives like R&D reliefs and allowances support business reinvestment.
- Peru: Peru applies a 29.5% corporate tax rate. The system is more complex, with strict reporting requirements and varying regional tax policies.
Ease of Company Incorporation
- The United Kingdom: Company incorporation in the United Kingdom is fully digital, fast, and low-cost. You can also engage company incorporation services to simplify the process.
- Peru: Incorporating in Peru requires more steps, including notary involvement and physical documentation. Digital options are limited, and approval can take weeks.
Cost of Living and Business Operations
- The United Kingdom: Costs vary by region, with affordable options outside London. Flexible company setup structures help manage operational expenses.
- Peru: Peru offers low labor costs and rent, especially outside Lima. However, infrastructure costs can rise due to unreliable logistics and limited automation.
Access to Markets
- The United Kingdom: The UK benefits from global trade agreements and top-tier logistics infrastructure. Public business finance support is available for new and growing enterprises.
- Peru: Peru is part of the Pacific Alliance and has trade agreements across Latin America, the US, and Asia. However, market access is more regional than global.
Quick Comparison Overview
Here’s a quick overview of the key differences for easy reference.
| Factor | United Kingdom | Peru |
|---|---|---|
| Business Environment | Stable, structured, transparent | Growing but less predictable |
| Corporate Tax Rate | 25% | 29.5% |
| Capital Gains Tax | Yes | Yes (varies by asset type) |
| Ease of Incorporation | Fully online, fast, efficient | Manual steps, requires notary |
| Business Costs | Moderate (lower outside London) | Low (outside major cities) |
| Market Access | Global, via multiple FTAs | Regional (Pacific Alliance, Latin America) |
Benefits of Choosing 3E Accounting
When it comes to starting a business in the United Kingdom, navigating the legal and administrative processes can be complex without the right support. That’s where 3E Accounting comes in. As a trusted partner for company incorporation, we provide tailored solutions for entrepreneurs and investors looking to establish a strong business presence. Whether you need help with company registration or expert guidance on setting up businesses in the UK, our experienced team ensures a smooth and efficient process.
From full company incorporation services to ongoing support like corporate secretarial and company secretary services, we offer a complete suite of solutions to support your company setup. Let us help you focus on what matters most—growing your business. Contact 3E Accounting today and take the first step toward successful expansion.
Frequently Asked Questions
Is it easier to start a business in the United Kingdom than in Peru?
Answer: Yes. The UK offers a fully digital process, which is faster and more efficient than Peru’s paper-based system. Learn more in this guide on starting a business in the United Kingdom.
What’s the difference in company registration processes between the UK and Peru?
Answer: Company registration in the UK is digital and quick, while Peru requires notary involvement and physical forms, making it slower and more complex.
What is the company incorporation process like in the United Kingdom?
Answer: The process is fast and low-cost. See more about company incorporation in the United Kingdom for step-by-step details.
Can I get help with company incorporation in the UK?
Answer: Yes. You can use company incorporation services to handle the paperwork, legal setup, and compliance efficiently.
Why do global entrepreneurs choose the UK over Peru?
Answer: The UK offers better global trade access, legal protections, and public support. See this full guide on setting up businesses in the United Kingdom.
Who can assist with launching a UK company?
Answer: 3E Accounting provides full support for incorporation, compliance, and tax setup for local and foreign clients.
What services can I expect beyond company formation?
Answer: You’ll get access to tax filing, accounting, and corporate secretarial services. Browse our services for the full list.
How can I get in touch for assistance?
Answer: You can contact 3E Accounting directly to get help with your UK business setup.
Abigail Yu
Author
Abigail Yu oversees executive leadership at 3E Accounting Group, leading operations, IT solutions, public relations, and digital marketing to drive business success. She holds an honors degree in Communication and New Media from the National University of Singapore and is highly skilled in crisis management, financial communication, and corporate communications.