Home > South America > Peru > Peru Investor Visa | An Incomplete Guide
Peru Investor Visa | An Incomplete Guide
Overview:
In accordance with Peru’s updated immigration legislation enacted in 2017, prospective applicants for a Peruvian investor visa must satisfy the following fundamental criteria:
1. Qualifying Investment: Applicants are required to invest a minimum of 500,000 Peruvian Soles (approximately $133,700 USD) within Peru. This investment must be directed towards either the establishment of a new company or the acquisition of an existing enterprise. A crucial condition of this investment is that the company must generate at least five employment opportunities for local residents within its inaugural year of operation.
It is imperative to note that the applicant must hold full ownership of the company; partial ownership stakes are not recognized for the purposes of this visa. Furthermore, the entire investment of 500,000 Peruvian Soles must be fully deposited in a Peruvian financial institution prior to the submission of the visa application.
2. Robust Business Plan: Applicants must present a comprehensive and convincing business plan. This plan should clearly articulate the company’s viability and demonstrate its potential for sustainable development within the Peruvian economic landscape.
3. Health Insurance Coverage: Both the primary applicant and any accompanying dependents are mandated to acquire valid Peruvian health insurance. This coverage must remain active and comprehensive for the entire duration of the visa’s validity.
Application Process:
To apply for a Peruvian investor visa, the applicant must personally go to the capital city of Lima and submit the application in person. The main steps in the visa process are as follows:
1. Preliminary Preparations: In this step, you need to determine your investment path, prepare a feasible business plan, open a bank account in Peru, transfer the investment funds into a Peruvian account, and gather all the necessary documents.
You do not need to complete the investment before obtaining the visa, but you must transfer the full investment amount of at least 500,000 soles into a Peruvian account before submitting your visa application.
Required documents for this process include:
- Identification Documents: Passports for all applicants, passport-sized photos, and proof of relationship for primary and secondary applicants, such as birth certificates and marriage certificates.
- Bank Statements: Your Peruvian bank account must already contain at least 500,000 soles.
- Primary Applicant’s Resume: The resume should highlight your business experience.
- Criminal Record Certificate: All adult applicants must provide this document.
2. In-Person Application: Once you have gathered all the necessary documents, you can go to Lima and schedule an in-person appointment to apply for the investor visa.
The processing time for the visa is 60 to 90 working days. During this waiting period, you cannot leave Lima for more than 30 working days.
Dependents:
For the Peruvian investor visa, the main applicant’s spouse and minor children can apply as dependents for a family reunification visa to settle in Peru together.
Visa Validity:
The initial validity period of the Peruvian investor visa is one year. If, upon expiration, you can prove that you have maintained your investment, employed more than five local employees, and resided in Peru for at least 183 days each year, the visa can be continuously renewed for two-year periods.
Currently, as long as foreign nationals legally reside in Peru for two years and demonstrate sufficient proficiency in Spanish and knowledge of Peruvian culture, they are eligible to apply for Peruvian citizenship.
If you reside in Peru for three years and do not wish to obtain citizenship, you can apply for an Immigration Visa, which is similar to a permanent residence card. This visa is renewed every five years and can essentially be held indefinitely.
However, even as a permanent resident, if you leave the country for more than 365 consecutive days, your permanent residence card may be revoked.
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