Discover how to secure permanent residency in Peru with just $1,000 monthly passive income
Explore All Peru Residency ProgramsPeru's Rentista Program, officially known as the Independent Means Visa, represents one of South America's most accessible pathways to permanent residency. With stunning landscapes ranging from the Amazon rainforest to ancient Incan ruins, combined with a low cost of living and pathway to citizenship, Peru offers an exceptional opportunity for those seeking a new life abroad.
Unlike many residency programs that require substantial investments or complex business structures, Peru's Rentista visa simply requires proof of consistent passive income. This makes it particularly attractive for retirees, digital nomads with established income streams, and investors seeking a stable base in South America.
What is Peru's Rentista Program?
The Rentista visa is Peru's Independent Means Visa, designed for individuals who can demonstrate a stable passive income from sources outside Peru. This visa grants permanent residency status with indefinite validity, allowing holders to live in Peru without the need to work locally.
Core Income Requirement
Minimum $1,000 USD monthly passive income
Additional $500 USD monthly for each dependent
Income Requirements & Accepted Sources
Accepted Income Sources
- Rental property income
- Investment dividends
- Pension payments
- Annuity payments
- Trust fund distributions
- Interest from savings/bonds
Income Types NOT Accepted
- Freelance/remote work income
- Employment salary
- Capital gains from trading
- Business operational income
- Irregular or temporary income
Important Note:
The income must be from a permanent, reliable source outside Peru and must be deposited into a recognized Peruvian financial institution. The income must be declared in Peru for tax purposes.
Step-by-Step Application Process
Step 1: Document Preparation
- • Valid passport (minimum 6 months validity)
- • Apostilled police clearance certificate from your home country
- • Proof of income documentation (bank statements, pension letters, etc.)
- • Income guarantee certificate (may require consular legalization)
- • Two passport-size photographs
- • Health insurance proof
- • Certified Spanish translations (if documents are in other languages)
Step 2: Application Submission
Submit your application at either:
- • Peruvian consulate in your home country, or
- • Immigration office (Migraciones) in Peru
- • Pay the application fee (approximately $117.60)
Step 3: Processing & Approval
Processing typically takes 30-60 days. Once approved, you'll receive your Rentista visa with indefinite validity, granting you permanent resident status in Peru.
Benefits & Advantages of the Rentista Visa
Indefinite Residency
Live in Peru permanently without visa renewals or expiration dates
Path to Citizenship
Apply for Peruvian citizenship after just 2 years of residency
Dual Citizenship Allowed
Peru permits dual citizenship - no need to renounce your original nationality
Travel Freedom
Peruvian passport provides visa-free access to 142 countries
Tax Benefits
Exemptions on import duties for personal belongings and household items
No Investment Required
No minimum investment amount - only proof of passive income needed
Pro Tip:
Peru offers an excellent quality of life with significantly lower living costs than North America or Europe. Your $1,000 monthly income requirement often provides a comfortable middle-class lifestyle in Peru.
Practical Examples & Scenarios
The following examples are theoretical scenarios for illustration purposes only and do not represent real individuals or guarantee program outcomes.
Scenario 1: Rental Property Owner
Background: A hypothetical retiree owns two rental properties in their home country generating $1,200 monthly net income.
Qualification: This steady rental income exceeds the $1,000 requirement and qualifies as passive income.
Benefits: They can live comfortably in Peru while their properties continue generating income back home.
Scenario 2: Investment Portfolio
Background: A theoretical investor has a diversified portfolio of dividend-paying stocks and bonds generating $1,500 monthly.
Qualification: Regular dividend payments constitute acceptable passive income for the program.
Benefits: They can maintain their investment strategy while enjoying Peru's cultural richness and affordable lifestyle.
Scenario 3: Couple with Pension
Background: A hypothetical couple receives combined pension payments of $2,000 monthly from their former employers.
Qualification: Pension income is ideal for the Rentista program and easily covers the $1,000 + $500 dependent requirement.
Benefits: They can stretch their retirement savings further while exploring Peru's diverse regions and rich history.
How Does the Rentista Compare to Other Peru Visa Options?
| Visa Type | Financial Requirement | Work Permission | Duration |
|---|---|---|---|
| Rentista (Independent Means) | $1,000/month passive income | Not permitted | Indefinite |
| Tourist Visa | None | Not permitted | 183 days/year |
| Investment Visa | $25,000+ investment | Related to investment | Renewable |
| Work Visa | Job offer required | Employer-specific | Tied to employment |
Ready to explore all Peru residency options? Compare Peru's complete residency program portfolio
Frequently Asked Questions
How long do I need to stay in Peru each year?
You must spend at least 183 days (approximately 6 months) in Peru each year to maintain your residency status. Extended absences may result in loss of residency.
Can I work in Peru with a Rentista visa?
No, the Rentista visa does not permit employment in Peru. You must rely solely on your passive income from abroad. However, you may be able to change your visa status later if you wish to work.
Do I need to pay taxes on my foreign income?
Yes, as a Peru resident, you must declare your foreign income in Peru. However, Peru has tax treaties with many countries that may help avoid double taxation. Consult with a tax professional for specific advice.
Can I include my family in the application?
Yes, you can include your spouse and children under 25 as dependents. Each dependent requires an additional $500 monthly income requirement.
What happens if my income drops below $1,000?
Maintaining the minimum income requirement is crucial for keeping your residency status. If your income falls below the threshold, you should consult with immigration authorities about your options.
How long does the citizenship process take?
After maintaining residency for 2 years, you can apply for Peruvian citizenship. The citizenship process typically takes 6-12 months to complete, depending on individual circumstances.
Important Considerations
Language Requirements
While not required for the visa application, learning Spanish will significantly enhance your experience in Peru. Consider taking classes before or after your move.
Healthcare Considerations
Peru has both public and private healthcare systems. Research insurance options and healthcare quality in your intended region of residence.
Regional Differences
Peru offers diverse living environments from coastal cities like Lima to mountain regions like Cusco. Research different areas to find the best fit for your lifestyle.
Legal Assistance
Consider working with qualified immigration lawyers to ensure your application is properly prepared and submitted. Professional guidance can prevent costly delays or rejections.
Ready to Begin Your Peru Adventure?
Peru's Rentista Program offers an exceptional opportunity to secure permanent residency in one of South America's most culturally rich countries. With its straightforward income requirements, indefinite validity, and path to citizenship, this program provides a stable foundation for your new life abroad.