Nikolai Timofejev
15 years in FinTech and payments. Maps your business model to the right licence scope and leads the file all the way to the SBS authorisation, including banking and payment rails.
Get a payment license in Peru.
Peru wrote an e-money law before most of the region: Law 29985 defines electronic money, reserves its issuance to financial-system companies and to a new licensee - the Empresa Emisora de Dinero Electrónico authorised by the SBS - and puts every sol of it in trust. Capital is S/ 2.89 million updated each quarter, and the market is 34 million people whose wallets the central bank made interoperable.
27 yrs
on the international marketon the market
60+
in-house specialistsspecialists
400+
Licenses obtainedlicenses obtained
Updated
Peru in brief
An e-money law, a trust for every sol, and capital that moves with prices.
Peru's Law 29985 of 2013 did three things in a few articles. It defined electronic money - monetary value stored electronically, accepted as payment by parties other than the issuer, issued for the same amount of funds received, convertible back to cash, not a deposit and earning no interest. It named who may issue it: companies of the financial system already supervised by the SBS, and a new institution created for the purpose, the Empresa Emisora de Dinero Electrónico, an EEDE, with an exclusive object and an SBS authorisation. And it protected the money: the funds behind e-money in issue are held in trust - a fideicomiso - for the full amount, outside the issuer's estate, with transaction limits left to the SBS's regulations. The SBS's rules of 2013 on e-money operations and on EEDEs filled in the rest, and the Banco Central de Reserva added the interoperability rules that in 2023 connected the country's wallets to each other.
The capital is set by the general financial law, Ley 26702, and updated every quarter for wholesale prices: the SBS circular for January to March 2026 puts an EEDE's minimum capital at S/ 2,893,600 - against S/ 31.8 million for a bank and S/ 1.45 million for a funds-transfer company. Authorisation runs in the two stages the general law prescribes for any financial company, organisation first and operation second, with the SBS assessing shareholders, directors and the plan and the BCRP giving its opinion. What the licence opens is a market of 34 million people where bank-run wallets already carry most everyday payments, a remittance economy, and a central bank that made interoperability a rule rather than a request. Tax is 29.5% corporate with 18% IGV. The SBS is careful - plan on a year - and we build the file from our Americas desk, in Spanish.
Law 29985 defines e-money - stored value, accepted as payment, issued for funds received, convertible, not a deposit, no interest - and reserves issuance to financial-system companies and to EEDEs authorised by the SBS. 100% of the float is held in trust. Capital S/ 2,893,600 for Q1 2026 (SBS Circular G-231-2026), updated quarterly.
Two-stage authorisation under Ley 26702 with the BCRP's opinion. 34 million people, interoperable wallets. 29.5% tax, IGV 18%. Twelve to eighteen months realistic. We build from our Americas desk.
The routes
EEDE - or a funds-transfer company.
Two SBS licences at two depths: the e-money issuer for wallets and stored value with every sol in trust, and the funds-transfer company for remittance corridors without stored balances. We fix the route first, then build once.
EEDE for e-money - funds-transfer company for remittances.
01 - EEDE
Empresa Emisora de Dinero Electrónico
The e-money licence under Law 29985: issuing, storing and moving electronic money as an exclusive-purpose company authorised by the SBS, with S/ 2,893,600 of capital in early 2026, the full float in trust and the transaction limits the SBS sets.
The e-money licence under Law 29985: issuing, storing and moving electronic money as an exclusive-purpose company authorised by the SBS, with S/ 2,893,600 of capital in early 2026, the full float in trust and the transaction limits the SBS sets.
- ✓E-money issuance, wallets and stored value
- ✓Capital S/ 2,893,600 (Jan-Mar 2026) · quarterly update
- ✓100% of the float in a fideicomiso
- ✓Not a deposit · no interest by statute
- ✓Limits per SBS regulation
- ✓Two-stage SBS authorisation
02 - FUNDS-TRANSFER COMPANY
Remittances - SBSEmpresa de transferencia de fondos
The lighter SBS licence for moving money without holding it - remittance payouts and transfers under Ley 26702, with capital of S/ 1,446,800 in early 2026 and the same two-stage authorisation.
Funds-transfer company: S/ 1,446,800 capital (Q1 2026); no stored balances; same two-stage SBS route; upgrade path.
- ✓Transfers and remittance payouts
- ✓Capital S/ 1,446,800 (Jan-Mar 2026)
- ✓No stored balances for clients
- ✓SBS supervision and AML reporting
- ✓Corridor partners and agents
- ✓Upgrade path to the EEDE later
Costs and timelines are confirmed for your case before any work begins. Capital is republished by SBS circular every quarter under Articles 16 to 18 of Ley 26702; the figure for your filing quarter, the trust set-up and substance are itemised in your quote.
Why Peru
The region's earliest e-money law, and the cheapest capital to enter it.
Peru is a destination market with a statute that defines the product, a trust that protects it, and a capital bar below its neighbours'.
✓
A statute for e-money
Law 29985 says what electronic money is, who may issue it and where the money sits - five points a wallet's legal opinion can quote rather than infer.Law 29985 defines the product.
✓
S/ 2.89 million
The lowest capital of the region's e-money licences - a quarter of Colombia's, a fraction of a bank's - republished each quarter so it is never a surprise.The region's lowest capital bar.
✓
Every sol in trust
The float is held in a fideicomiso for the full amount, outside the issuer's estate - a protection stronger than segregation and one investors recognise.Every sol outside the issuer's estate.
✓
Interoperable wallets
The BCRP's interoperability rules connected the country's wallets to each other in 2023 - a licensee's users pay anyone from day one.By BCRP rule since 2023.
✓
34 million people
A young, mobile-first population with wallet habits already formed by the banks' apps - the demand a licence serves is present and still moving from cash.Mobile-first, moving from cash.
✓
A predictable supervisor
The SBS runs the same two-stage authorisation for every financial company, publishes its capital tables and reads a file as a banking supervisor - thorough, and knowable.Two stages, public capital tables.
How it compares
How Peru differs from other routes.
Peru trades a smaller economy for the lowest capital bar and the strongest fund protection in the region. The honest comparison is below.
Peru vs other jurisdictions
| Feature |  Peru | Other jurisdictions |
|---|---|---|
| Capital | S/ 2.89M - quarterly table | Higher, fixed or indexed yearly |
| Fund protection | 100% in trust by law | Segregated accounts |
| Interoperability | By central-bank rule since 2023 | Scheme by scheme |
| Corporate tax | 29.5% | 27-35% |
Capital
PeruS/ 2.89M - quarterly table
Other jurisdictionsHigher, fixed or indexed yearly
Fund protection
Peru100% in trust by law
Other jurisdictionsSegregated accounts
Interoperability
PeruBy central-bank rule since 2023
Other jurisdictionsScheme by scheme
Corporate tax
Peru29.5%
Other jurisdictions27-35%
Country by country
| Country | License type | Taxation | Requirements |
|---|---|---|---|
| Peru | EEDE (SBS) | 29.5% | S/ 2.89M · 100% in trust |
 Colombia | SEDPE (SFC) | 35% | COP 5,846M indexed · Fogafín |
 Chile | Prepaid card issuer (CMF) | 27% | ≥ 25,000 UF · liquidity reserve |
 Mexico | IFPE (CNBV) | 30% + PTU 10% | 500k / 700k UDIs · segregation |
PeruLicense typeEEDE (SBS)
Taxation29.5%
RequirementsS/ 2.89M · 100% in trust
ColombiaLicense typeSEDPE (SFC)
Taxation35%
RequirementsCOP 5,846M indexed · Fogafín
ChileLicense typePrepaid card issuer (CMF)
Taxation27%
Requirements≥ 25,000 UF · liquidity reserve
MexicoLicense typeIFPE (CNBV)
Taxation30% + PTU 10%
Requirements500k / 700k UDIs · segregation
Before you apply
Requirements for the SBS authorisation.Requirements for the authorisation.
Ley 26702 sets the two-stage procedure for every financial company and Law 29985 the product; the craft is a file that answers both in order. The checklist below is what a passing application contains.
01
A Peruvian sociedad anónima with the exclusive object of issuing electronic money under Law 29985, organised under the SBS's authorisation of organisation.
02
Minimum capital at the SBS's quarterly figure - S/ 2,893,600 for January to March 2026 - subscribed and paid, with the next quarter's update budgeted.
03
Shareholders and beneficial owners identified with source of funds and financial capacity, and directors and managers of good repute with the experience the SBS assesses.
04
A feasibility study and business plan the SBS and the BCRP can interrogate - products, volumes, projections and the technology behind them.
05
The trust: a fideicomiso holding 100% of the funds behind e-money in issue, outside the issuer's estate, with a trustee and terms the SBS accepts.
06
Product design within the SBS's transaction limits and the e-money regulation of 2013 - account types, caps and identification rules.
07
Governance, internal control and risk management to SBS standards, with the operational-risk and information-security rules that apply to supervised companies.
08
AML/CFT framework under the SBS's rules: customer identification, monitoring, reporting to the UIF-Perú and a resident compliance officer.
09
Interoperability and rail connectivity under the BCRP's rules planned with the licence, so the wallet pays anyone at launch.
10
Readiness for the operating authorisation: premises, systems, staff and the trust in place for the SBS's pre-launch verification.
01
Peruvian S.A., exclusive object under Law 29985.
02
Capital S/ 2,893,600 (Q1 2026), updated quarterly.
03
Owners and directors assessed by the SBS.
04
Feasibility study and plan for SBS and BCRP.
05
Fideicomiso for 100% of the float.
06
Products within SBS limits.
07
Governance, operational risk, infosec.
08
AML with resident officer (UIF-Perú).
09
BCRP interoperability planned.
10
Pre-launch verification readiness.
Reflects Law 29985 (2013), Ley 26702 (Articles 16-18 and the authorisation procedure), the SBS's e-money and EEDE regulations of 2013, SBS Circular G-231-2026 and the BCRP's interoperability rules, as of 2026.Ley 29985; Ley 26702 Arts. 16-18; SBS e-money regs 2013; Circular G-231-2026; BCRP interoperability.
How it works
From first call to the SBS register.
01
Route and strategy
EEDE or funds-transfer company; products within the SBS limits; interoperability plan - the route and budget fixed in writing.EEDE or transfer company - in writing.
02
Authorisation of organisation
The application under Ley 26702 with shareholders, directors, capital and feasibility study - assessed by the SBS with the BCRP's opinion.Owners, directors, capital, study.
03
The operating file
Governance, systems, the trust, AML and interoperability documented for the operating authorisation - complete before filing.Trust, systems, AML - complete.
04
SBS review
Question rounds answered and the pre-launch verification passed - plan on twelve to eighteen months end to end.12-18 months realistic.
05
Authorisation and launch
Operating authorisation issued, the trust funded, rails connected - and the reporting calendar running.Trust funded, rails connected.
Quick facts
RegulatorSBS · BCRP opinion
LawLey 29985 · Ley 26702
LicenceEEDE · exclusive object
CapitalS/ 2,893,600 (Q1 2026)
Client funds100% in trust
E-moneyNot a deposit · no interest
Timeline12-18 months realistic
Corporate tax29.5% · IGV 18%
The law is short and the capital table is public. A file that answers Ley 26702's two stages and Law 29985's trust in order is what keeps the review to a year, and our job.
Your Peru desk
Run from our Americas desk.
Prifinance - Americas desk
Madeira (Portugal) · coordinating Peruvian mandates in Spanish
Rua da Alegria 31, 1F, Madeira
01
Peruvian company formation
S.A. organised under the SBS's authorisation, capital to the quarterly figure and the corporate layer the supervisor expects - structured for the licence from day one.S.A., quarterly capital, corporate layer.
02
The SBS file
Feasibility study, business plan, trust design and AML documentation to the SBS's regulations - drafted by us and defended through the question rounds and the BCRP's opinion.Two stages answered in order.
03
The trust
The fideicomiso for the full float negotiated with a trustee the SBS accepts, so the protection Law 29985 requires is live before the first sol is issued.Live before the first sol.
04
Substance in Peru
Resident directors and managers, a compliance officer and premises in Lima - the presence the SBS verifies before the operating authorisation.Lima directors, compliance, premises.
We also have offices in
Tallinn
Estonia
Roseni 13
Vilnius
Lithuania
Gedimino pr. 2
Prague
Czech Republic
Vlkova 532/8, Žižkov
London
United Kingdom
7 Bell Yard
Dubai
UAE
33 Level, Al Saqr Business Tower
Budapest
Hungary
Korányi Sándor u. 4
Istanbul
Turkey
Perpa Ticaret Merkezi, A Blok
Good to know
Taxation of payment companies in Peru.
A 29.5% corporate rate, 18% IGV, a 5% dividend withholding and a small tax on financial transactions - one of the lighter stacks in the region.
Corporate tax 29.5%
The general rate on an issuer's fee and margin income - below Colombia's and Mexico's, above Chile's.Mid-table for the region.
IGV 18%
The general sales tax; financial services are largely exempt while technology and fee income may not be - the product mix is mapped before launch.Financial services largely exempt.
Dividends 5%
Withholding on dividends to shareholders at 5% - one of the lowest in the region and the reason Peruvian holdings distribute cleanly.Among the region's lowest.
ITF
The tax on financial transactions at a small fraction of a percent on movements through the financial system - a line in the fee model, not a surprise.Fraction of a percent.
Payroll
Gratificaciones, CTS and EsSalud make Peruvian payroll cost above headline salaries - the operating budget prices them in.Gratificaciones, CTS, EsSalud.
Treaties
A compact treaty network and the Andean Community decision on double taxation - outbound flows are planned with the licence.Compact; Andean decision.
Tax summary
Corporate tax29.5%
IGV (VAT)18%
Dividend withholding5%
Financial transactions (ITF)Fraction of a percent
PayrollGratificaciones · CTS · EsSalud
Tax treatiesCompact · Andean Community
*Figures as of 2026 per SUNAT. Treaty and regime positions are assessed per structure.
Turnkey professional support
Experienced lawyers and international consultants.
We provide end-to-end support, from company registration and the application file to regulatory interaction and compliance oversight - with an individualized approach to each client.
Oleksii Kindratenko
Builds the application itself: Peruvian S.A., AML/KYC policy pack, capital structure and tax registrations. His document sets are the reason reviews finish in months, not years.
Eugeniu Bevziuc
First point of contact for international founders. Runs the whole setup remotely, across time zones and languages - from the first call to a live, licensed institution.
Follow Prifinance
Active across our channels.
Peru · SBS
Launch your payment project in Peru with expert support.
Full-service assistance - from organisation authorisation to the operating licence, the trust, interoperability and ongoing compliance.
Get a consultation →Free legal opinion
Is Peru the right fit for your project?
Our legal team will analyze your case at no cost and provide a written legal opinion: which jurisdiction, licence scope, or route fits your business.
Written assessment within 2-5 business days
Request a free conclusion →FAQ
The Peruvian payment licence, answered.
What licence does a payment business need in Peru?+
For wallets and stored value, authorisation by the SBS as an Empresa Emisora de Dinero Electrónico under Law 29985 - an exclusive-purpose company. For transfers without stored balances, the funds-transfer company licence under Ley 26702. Banks and other financial-system companies may issue e-money on their existing licences.
How much capital is required?+
The SBS updates the minimum capital every quarter under Articles 16 to 18 of Ley 26702 for wholesale-price changes. Circular G-231-2026 sets an EEDE's capital at S/ 2,893,600 for January to March 2026, and a funds-transfer company's at S/ 1,446,800.
How are client funds protected?+
Law 29985 requires the funds behind e-money in issue to be held in trust for the full amount - a fideicomiso outside the issuer's estate. Electronic money is not a deposit and earns no interest by statute.
How long does the SBS take?+
Ley 26702 prescribes two stages - authorisation of organisation, then authorisation to operate - with the BCRP's opinion and the SBS's assessment of shareholders, directors and plan at each. Plan on twelve to eighteen months end to end.
Are there transaction limits?+
Yes - Law 29985 leaves them to the SBS, whose e-money regulation sets account types, caps and identification rules. Products are designed inside those limits from the start.
Can a licensee's wallet pay other wallets?+
Yes - the Banco Central de Reserva's interoperability rules connected the country's wallets in 2023, and a licensee joins on the same terms. Rail connectivity is planned with the licence.
How are payment companies taxed?+
Corporate tax at 29.5%, IGV at 18% with exemptions for financial services, 5% withholding on dividends and the small ITF on financial transactions.
What substance does the SBS expect?+
A Peruvian company run from Peru: resident directors and managers who pass the SBS's assessment, a compliance officer reporting to the UIF-Perú, real premises in Lima and the trust in place before the operating authorisation.
Does the licence passport anywhere?+
No - Peru is a destination licence for its own market. Andean groups pair it with Colombia or Chile; we sequence them.
Why Peru rather than Colombia or Chile?+
Peru has the lowest capital bar and the strongest fund protection of the three - a trust rather than an account - with a mid-table tax. Colombia is the larger, insured, heavier-taxed market; Chile the most predictable. Groups building across the Andes often start here.
Which licence?+
SBS EEDE under Law 29985; transfer company for remittances.
Capital?+
S/ 2,893,600 (Q1 2026); S/ 1,446,800 for transfers.
Client funds?+
100% in trust; not a deposit; no interest.
How long?+
Two stages; 12-18 months.
Limits?+
Set by SBS regulation.
Interoperability?+
Yes - BCRP rules since 2023.
Taxes?+
29.5%, IGV 18%, dividends 5%.
Substance?+
Lima directors, compliance (UIF-Perú), trust in place.
Passport?+
No - destination licence.
vs Colombia / Chile?+
Lowest capital, strongest protection.
Client notes
Google4.7★★★★★
Founders who wanted it done right.
Google4.7★★★★★
“As a software development crew at FewMoreTaps OÜ, we've had the pleasure of working with Prifinance on some key financial moves.First of all, navigating the world of corporate banking and finance can be a maze, but Prifinance made it feel like a walk in the park. They helped us set up a corporate bank account without the hassle of jumping on a plane or drowning in paperwork. Everything was done remotely, smoothly…”
Google
“I had their assistance in company registration and I would recommend them. They were answering all my clarification during the process and offering all their supportThank you Daniel and Irinia”
Google
“We found PRIFINANCE COMPANYvia the Internet and asked for help in organizing the opening of their company in Estonia. PRIFINANCE COMPANY specialists helped us a lot with this. Their professional, competent approach and knowledge of their business left us with only the best impressions.”
Google
“I'm thrilled with my experience with PriFinance! They helped me obtain a crypto license in Estonia without any hassle. The team was super understanding and always available to answer my questions and assist. It was great to see how they put effort into preparing the documents to ensure everything went smoothly. I'm delighted with the outcome and highly recommend PriFinance to anyone looking to get a license…”
Google
“Opening an account with Prifinance in a Swiss bank was such an easy and quick process that I was shocked. It all started with the first call, where I received detailed guidance on the required documents and the entire procedure.One of the key highlights was their attention to detail. As someone who usually gets tangled up in paperwork, I was pleasantly surprised when they sent me all the documents and…”
Google
“I recently had the pleasure of working with Boris.. and I must say, it was a fantastic experience. Boris went above and beyond to assist me with my residency needs. His professionalism, knowledge, and dedication truly stood out. I highly recommend working with Boris and the team!”
Google
Start today
One message away from your Peruvian authorisation.
Get a free legal opinion on your project - our legal team will analyze your case at no cost and provide a written legal opinion: which jurisdiction, licence scope, or route fits your business.Free legal opinion: which Peruvian route fits your project and what it will cost.
✓Written legal opinion within 2-5 business days - free of charge✓A clear recommendation on the right licence scope, not a sales pitch✓Transparent fixed fees, confirmed up front✓EN · RU · ES speaking team
Prifinance is an independent law and advisory firm. We are not a regulator and are not affiliated with, endorsed by, or acting on behalf of the Superintendencia de Banca, Seguros y AFP or any other public authority. Authorisations are granted by, and obtained directly from, the competent authorities.