Peru offers residency by investment, Peru is a country with an accumulation of natural resources and creates opportunities not only for the trade of goods on a national scale but also for sale throughout the world. Investing in Peru is all about finding a market that suits your individual needs. Whether it be through real estate, exports, or corporate formation, there is something to be capitalized on for every foreign investor.
Under the new Immigration Law (Legislative Decree N° 1350), in force since March 2017. To be eligible for the Investor visa you must make an investment of at least PEN500,000 (approximately 135,000 USD) in a Peruvian company or set up a Peruvian company with a capital investment of the same amount. Transfer of shares will not be considered an investment. The investment must be a one-way bank transfer that will be made directly from a bank account on your behalf. Applicants may be required to provide a business plan certified as viable by a local certified economist.
The investor visa is valid for one year, renewable if you prove that you still maintain the investment made, has hired at least 5 locals, and have stayed in Peru for at least 183 days during the year. After two years of legally residing in Peru, you may be eligible for citizenship, provided that you prove ties to the country, such as rental or purchase of residential property, you have been residing there during the whole period and you have knowledge of the Spanish language and the culture and values of the country.
Investor Visa Requirements in Peru
After receiving your investor visa, you can work and live legally in Peru. As it is very common among foreign investors in Peru, they want to stay with the company they invested in or set up. Therefore, they can apply for Permanent Residency of Peruvian Citizenship to stay and work in Peru legally and indefinitely.
The requirements and qualifications required to obtain Peru residency or citizenship are listed above in the “About Peru Citizenship and Residency” section.
Step 1: Choose the Peru Visa type as per your purpose – Make sure that you are choosing the right type of visa when applying for a Peru visa.
Step 2: Find out the nearest Peruvian embassy in your country – You can call or email them to ask about the visa you are applying for and the timings before proceeding with the visa application for Peru.
Step 3: Come up with the documents Required for Peru Visa – The list of documents for a Peru visa will vary a little from one country to another.
Step 4: Submit the Documents and Application to Peru Embassy – Once you have the required documents, you can submit them to the embassy of Peru along with your Peru visa application form and other documents.
Step 5: Attend the Interview – Although not always, some embassies might ask you to come down for an interview when you apply visa for Peru.
Step 6: Pay the Peru Visa fees – Once your interview is done, you would be required to pay the Peru visa fees.
Step 7: Receive the Peru visa stamp – You will receive the Peru visa sticker in your passport from the embassy once you pay the visa fees and it’s approved.
Privacy World offers its services to anyone, not only looking to obtain residency and/or citizenship processes but our experts figure out legal ways to:
Privacy World can also help you with incorporating your company in Peru, assisting in getting you settled in the country, and coordinating with you so that this experience will be less of a hassle.
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Dual citizenship is recognized in Peru. You are not required to renounce your previous nationality to become a citizen of Peru.
An applicant has to reside in Peru for two years. During this period, an applicant cannot be outside of the country for more than six months of the year or for more than 3 consecutive months.
Yes, a personal visit is required in Peru.
After receiving your investor visa, your family can apply for a family visa.
No nationality is officially restricted.
No interview is required.
Through naturalization, a person who has two years of legal residency in Peru, be it by marriage or other reasons such as work can apply for naturalization. The two-year requirement starts from the date one acquires residency in the country, provided that residency never lapses. The years must be consecutive.
Tax residents are subject to personal income tax on their worldwide income. Personal income accrued by a resident is subject to progressive tax rates ranging from 0% to 30%.
Non-residents pay taxes on their income sourced in Peru at a flat 30% rate on their Peruvian-source income.
There is no net worth/wealth tax in Peru.
There are no taxes on inheritance tax in Peru.