Peru Citizenship in 2 Years! Fastest Residency in South America!

Summary

In this video, Khan discusses residency and citizenship options in Peru, focusing on different pathways such as the 'Reesta Visa,' which grants residency through passive income. The video explains the process of obtaining permanent residency and citizenship, including requirements like language proficiency and documentation. Khan highlights the country's affordability, cultural richness, and the possibility of gaining citizenship after two years of residence. Additionally, he covers alternatives like work visas, marriage, and investment options, making Peru an appealing destination for expats, especially due to its proximity to North America and favorable weather.

Takeaways

• 😀 Peru offers various residency options, including the Reesta Visa, which is a popular and fast option for obtaining residency.
• 😀 The Reesta Visa requires proof of passive income, with a minimum of $1,000 per month to qualify, similar to Portugal's D7 Visa.
• 😀 After two years of residency, individuals can apply for citizenship in Peru, provided they meet language and other requirements.
• 😀 Peru has a rich cultural heritage and is known for being an affordable and welcoming destination for expatriates.
• 😀 For those looking to invest, a $130,000 investment in a business or the economy can lead to residency in Peru.
• 😀 Foreigners can purchase real estate in Peru, making it an attractive option for those looking to settle down.
• 😀 If you marry a Peruvian citizen or have a child born in Peru, you can easily obtain permanent residency or citizenship.
• 😀 Peru’s proximity to the US and Canada, along with its tropical climate and cultural diversity, make it an appealing destination for many.
• 😀 The country’s capital, Lima, offers a mix of European and American influences, as well as affordable living costs.
• 😀 Peru's passport is considered one of the strongest in South America, granting access to 41 countries, including the Schengen Area and the UK.

Q & A

What are the main residency options available for foreigners in Peru?

The main residency options in Peru include the Rentista Visa (based on passive income), work visa, marriage, children born in Peru, and investment-based residency through business or real estate investments.

How does the Rentista Visa work, and what are its requirements?

The Rentista Visa is a passive income visa where applicants must prove an income of $1,000 per month from sources like fixed deposits, real estate, or dividends. For dependents, an additional $500 per person is required.

Can you apply for Peruvian citizenship immediately after getting residency?

No, you can apply for Peruvian citizenship after living in the country for 2 years, but you must also demonstrate fluency in Spanish before applying.

How long does it take to process the Rentista Visa?

The Rentista Visa is processed quickly, typically within 30 days.

What are the language requirements for obtaining Peruvian citizenship?

To apply for Peruvian citizenship, applicants must have a good knowledge of the Spanish language.

What is the minimum income required for the Rentista Visa for a single person?

For a single person, the minimum income requirement is $1,000 per month in passive income.

What options are available for business owners looking to obtain residency in Peru?

Business owners can obtain residency in Peru by investing around $130,000 in the local economy, such as opening a business or purchasing real estate.

Are foreigners allowed to buy property in Peru?

Yes, foreigners can buy real estate in Peru without any major restrictions.

How long does it take to get permanent residency in Peru?

You can apply for permanent residency after living in Peru for 3 years on a Rentista Visa. The process to obtain residency is generally quicker.

What benefits does Peruvian citizenship offer in terms of travel?

Peruvian citizenship grants access to 41 countries with a strong passport, including the Schengen Area and the UK, making it a valuable travel document.