Peru provides an interesting option for people seeking a second residency in South America. Between its beautiful coastline, awe-inspiring Andean highlands, and fascinating rainforests, Peru is filled with stunning views and plenty of outdoor adventures to be had. It also offers plenty of amenities for a remarkably low cost of living. Getting residency in Peru, however, can sometimes challenge our definition of easy. While becoming a Peruvian resident isn’t actually all that difficult, navigating the process can be hard thanks to all of the misinformation that abounds on the internet.
That’s why my research team and I have spent plenty of time on the ground here to give you the real deal on how to get a Peruvian residency. We want you to know the difference between what’s technically true and what actually happens when you apply to become a Peruvian resident. In general, there are three ways to become a Peruvian resident – investment, Rentista, and retirement.
PERUVIAN RESIDENCY BY INVESTMENT
Most of the misinformation about Peruvian residency comes into play with the Peruvian Investor Visa. If you perform a cursory search on the internet, then becoming a Peruvian resident by investment seems easy. Based on what all of these random blogs have to say, all you need to do is invest $30,000 into a Peruvian business.
Seems easy enough, right?
Unfortunately, that’s not correct. Based on my and my team’s on-the-ground research in Peru, you actually need to invest five times as much money – $150,000 – in order to even be considered for Peruvian residency by investment.
In addition, you’ll also need to create five jobs along with your investment, and in your application, you will need to outline those five jobs in a business plan. Therefore, while obtaining residency by investment in Peru is similar to getting residency by investment in other countries, you need to know the real facts before digging into the process. Otherwise, you might end up flushing $30,000 down the drain.