Francisco Pizarro founded Ciudad de los Reyes (present-day Lima, Peru) as the capital of the lands he conquered for the Spanish crown.

Francisco Pizarro was a Spanish conquistador, best known for his expeditions that led to the Spanish conquest of the Inca Empire.

The history of Lima, the capital of Peru, began with its foundation by Francisco Pizarro on January 18, 1535. The city was established on the valley of the Rímac River in an area populated by the Ichma polity. It became the capital of the Viceroyalty of Peru and site of a Real Audiencia in 1543. In the 17th century, the city prospered as the center of an extensive trade network despite damage from earthquakes and the threat of pirates. However, prosperity came to an end in the 18th century due to an economic downturn and the Bourbon Reforms.

Lima, founded in 1535 as the Ciudad de los Reyes, is the capital and largest city of Peru. It is located in the valleys of the Chillón, Rímac and Lurín Rivers, in the desert zone of the central coastal part of the country, overlooking the Pacific Ocean. The city is considered the political, cultural, financial and commercial center of Peru. Due to its geostrategic importance, the Globalisation and World Cities Research Network has categorised it as a "beta" tier city. Jurisdictionally, the metropolis extends mainly within the province of Lima and in a smaller portion, to the west, within the Constitutional Province of Callao, where the seaport and the Jorge Chávez Airport are located. Both provinces have regional autonomy since 2002.

The monarchy of Spain or Spanish monarchy is the constitutional form of government of Spain. It consists of a hereditary monarch who reigns as the head of state, being the highest office of the country.