Peru is a South American country with a rich history, including the ancient Incan city of Machu-Picchu. Commodity exports account for a large amount of the country’s economic activity, making it a rapidly rising emerging market. Peru’s government cordially encourages investors to investigate investment opportunities in Peru. Peru’s macroeconomic performance has improved significantly in recent years, with highly dynamic GDP growth rates, stable currency exchange rates, and low inflation.
Immigrant investment programs are becoming more common in the globalized business world as a means of attracting international capital and providing legal residency to investors. Peru has an investor visa program that allows foreign nationals to live in the country. In this article, we’ll go through the requirements for applying for an investment visa as well as other important details concerning Peruvian citizenship.
To be eligible for an investor visa, you must invest in a Peruvian publicly traded firm or establish an independent company in Peru with a minimum investment of S/500,000 Soles for both operations, all of which must be done through a single bank transfer. After receiving the investment certificate, you must present it to the National Migration Superintendence (Migraciones) for authentication, together with the following documents:
- The free Form F-007, which can be found on the ‘Migraciones’ homepage.
- The original and photocopy of the travel document (passport/card). foreigner’s
- The bill for a S/107.50 Soles transfer to the local Banco de la Nación.
- A statement of commitment stating that in less than one year of business operations, you would create at least 5 jobs for Peruvian nationals.
- A business feasibility project for a new firm or a business plan for an existing business that includes the creation of five new jobs.
- A certificate stating that the funds invested are from outside the United States. This certificate must be filled out and shown at the Customs and Tax Administration Superintendence while entering the country (SUNAT). ‘Declaración Jurada de Equipaje-Ingreso’ is the name of the document.
- The International Police has issued an International Redemption Card (Interpol).
- 2 passport photographs are required.
- You can only function as a management or director in the company, and you must follow all tax and labor rules.
- Local employees must be on the payroll of your organization.
- A certified translator must translate all documents into the Spanish language.
The investor visa is valid for one year and can be renewed if you can show that you have kept the investment, hired at least five Peruvians, and stayed in Peru for at least 183 days during the year. After two years of legal residence in Peru, you may be eligible for citizenship if you can demonstrate ties to the country, such as the rental or purchase of residential property, that you have been residing there for the entire time, and that you are familiar with the Spanish language, as well as the country’s culture and values.
If you don’t want to become a Peruvian citizen, you can apply for permanent residency after three years of legal residence in the country. You will be able to live and work in Peru continuously if you obtain a permanent residency permit.