Showing posts with label business. Show all posts
Showing posts with label business. Show all posts

Saturday, April 15, 2017

Poll Results: Why Are There So Many Indians and Bangladeshis Interested in Moving to Peru?

Here are the poll results for Why Are There So Many Indians and Bangladeshis Interested in Moving to Peru?
  • Love: 23% with 11 votes
  • Work: 13% with 6 votes
  • The ability to get Peruvian citizenship: 19% with 9 votes 
  • Schooling / Education: 6% with 3 votes
  • Culture: 9% with 4 votes
  • Language: 6% with 3 votes
  • Being far from home: 6% with 3 votes
  • Being able to start over: 4% with 2 votes
  • The Indian community in Peru: 9% with 4 votes
  • Other: 4% with 2 votes
Love conquers all!
In first place is love with 23% of the votes. The ability to get Peruvian citizenship is second with 19% of the votes, and in third place is work with 13% of the votes. Thanks for voting!







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Wednesday, December 21, 2016

Can You Get Peruvian Citizenship and a Passport Just By Investing Money?

Image Source
Although some countries have investment options to getting citizenship, i.e. you can basically buy citizenship to that country, Peru is not one of them. You cannot simply invest money, never live in Peru, and get a passport. They don't have a quick and easy investment option for people who don't spend time in Peru. There are ways to invest money and after fulfilling certain requirements, then you can apply for citizenship. Once granted, you can get a passport.

How to Get Residency by Investing Money in Peru
You can, however, get residency via an investment. There are two options to do this. One is an investment / entrepreneur visa and the other is forming a company in which you are the main shareholder. You can find out more about both of this options in this post.

Getting residency is one thing, keeping it is another. Some people think that they can simply get residency, leave for three years, and then apply for citizenship. That's probably not going to work either. If you want to keep residency, you'll have to come to Peru every six months. If you spend more than 6 months outside of Peru and want to keep your residency, you will have to get permission from immigration. Here is what you will have to do if you want to leave for more than 183 days. You can read more info about this in Chris' blog. More first hand experience can be read in this thread.

Getting Peruvian Citizenship and a Passport 
After you've had your CE for three years and paid the yearly tax, then you can apply for Peruvian citizenship. You can find out how to do this in this post.

NB: I'll be taking a break from blogging at The Ultimate Peru List in January and February. While I'm gone you can take a look at my other blogs. New posts will be published starting in March.



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Saturday, November 12, 2016

Why Are There So Many Indians and Bangladeshis Interested in Moving to Peru?

When I started this blog back in 2008, most of the emails and comments I got were from Westerners (Europeans, Canadians, and Americans). Nowadays, the majority of the questions I get come from Indians.

If you're Indian or Bangladeshi, I'd love to hear from you and what made you decide to move to Peru. Please take the poll below. If you can't view the poll, you can vote here as well.




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Tuesday, January 12, 2016

3 Famous Companies with Peruvian Roots

Peru is famous for many things such as Pisco, asparagus, pima cotton, alpacas, the Incas, and Machu Picchu. Some companies are looking to Peru for inspiration and below you can find the results.


Image source
Started in 2012, by a man who was backpacking through Latin America, this company wanted make quality shoes using  authentic materials made by local people. They use traditional Peruvian designs in their footwear. They believe in fair trade and give back through the OneShoeOneTree project as well as TreesForTheFuture.

They're trying to provide quality shoes while helping people and the environment in developing countries. You can read more about their story and see the shoes they have. You can buy their products directly from their website or Amazon.


Image source
Created in 1976 by a mother and daughter team who was inspired by anthropology research on women in the Andean marketplaces. You can read more about the sweater that started it all.

They mainly have clothing made from alpaca, vicuna, and pima cotton. They also have jewelry, accessories, and things for the home. Unlike Inkkas which uses traditional designs, Peruvian connection uses modern designs not related to Peru. You can buy their products directly from their website.


Image source
Founded in 1975, by a former Peace Corp volunteer, the word tumi means a ceremonial knife. Traditionally it was used to perform sacrifices in ancient Peru. However, nowadays, it is often hung in people's home for good luck.

Their quality black-on-black bags launched the company into fame in the 80s. While most of their products are bags and luggage, they also sell accessories. They take pride in their products' quality and each item goes through vigorous testing before it can be sold. You can buy their products directly from their website or from Amazon.



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Saturday, December 12, 2015

Ley de Retorno: How the Peruvian Government is Trying to Get Peruvians to Come Back to Peru

One of my most popular posts of all time is how to get Peruvian citizenship. I thought this post might benefits Peruvians like me who have left. (I got citizenship in early 2009 and left in early 2010. I haven't been back since.) I saw a poster about the Ley de Retorno when I went to the embassy a bit ago here in Seoul. Since so many Peruvians have gone abroad and not come back, their human capital is diminishing. They're trying to do something to entice people to come back.

The complete name of the law is Ley de Reinsercion Economica y Social para el Migrante Retornado and is number 30001 and there are monetary and social benefits. For the monetary benefits there are no taxes on cars up to $30k, household goods up to $30k, instruments, machines, equipment, and capital assets up to $150k when you repatriate to Peru. For the social benefits, they will help you find loans, jobs, with certification, and assistance with psychological and social integration.

In order to qualify for the monetary benefits you must be a Peruvian who has lived abroad for at least 4 years. If you have to leave the foreign country due to immigration issues then they lower it to 2 years. For the social benefits you must be a Peruvian who has lived abroad for at least 3 years. If you have to leave the foreign country due to immigration issues then they lower it to 2 years.

You can find out more about this law on RREE, Ley de Retorno, Facebook, or leyderetorno@rree.gob.pe



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Tuesday, June 2, 2015

The 1-2-3’s of Adapting to Life in Lima

The following is a guest post by Alan LaRue. He is the founder of the Expatperu.com website and the Webspanish.com online school. He has lived in Peru since 1995. There are a number of good books about Peruvian history, such as the New York Times Best Seller: Turn Right at Machu Picchu and The Last Day of the Incas.  

The 1-2-3’s of Adapting to Life in Lima
So, you have decided to relocate to Lima, Peru and you are doing your research to smooth your transition. Good for you! This webpage is a great source of information and I was pleased to be asked to contribute a guest post with some advice for newcomers.

I have lived in Lima for more than 20 years now, and over the past two decades I have seen countless foreigners move here, and I see how some adapted much better than others. Based on their experiences - and my own lessons learned – I´d like to offer you a few shortcuts to adapting to life here. After all, the faster you adapt, the faster you can get on with the chore of making a living, raising your kids, or just living the adventure of a new life in an exciting country, all despair of culture shock.

Step One – Do Your Research 
There are three web pages that stand out from the crowd in terms of providing advice for foreigners relocating to Peru. These are The Ultimate Peru List, Expat Peru and Lima Easy. Take some time and read all that these web pages have to offer; they are all based on personal and collective experience, and while some of the information you find might be out-dated, these three webpages are a tremendous resource.

Besides reading these pages, my advice is that you spend some time reading up on Peru´s economy. The best source I have found is the data rich Peru Business and Investment Guide. Follow the link and download the PDF: you will be amazed at how much information is included here. This guide book is chock-full of charts and graphs gleaned from the World Bank, the Central Bank of Peru, the Peruvian statistical agency INEN, and a host of other reputable sources. When you read it you will gain an overview of the Government of Peru, and the country´s geography, demographics, trade agreements, economic sectors, taxation rules, investment laws, visas, and an up-to-date directory of the main government and regulatory agencies.

Then, round off your reading with the well-written “Lima: A Cultural History”, by James Higgins. I have read dozens of books on Peru and this one stands out as one of my favorites! The book includes a brief history of Lima, a description of its modernization and change, an overview of colonial houses and monuments, an explanation of the historical center and nice descriptions of the neighborhoods where foreigners most often settle, such as Surco, San Isidro, Pueblo Libre, Callao and Miraflores.

So in conclusion: Do your research. You will feel more confident upon arrival and you will have developed some criteria to help you conduct your own analysis of your new-found home.

Step Two: Connect With People
Ask any psychologist - or your mother for that matter - and you will be told that one of the best ways to keep up your spirits is to surround yourself with friends. This holds especially true when you move to a new country or city because - besides giving emotional support - friends will give you the basic information and tips you need when settling in. With this in mind, I´d like to recommend a few networks where you can find people who want to get to know you, and who are happy to help.

Do you use Facebook? If so, the two must-joins are Expatriates in Peru and Living in Lima – Expat Support. Both have a large community of people who have already relocated to Peru. If you are an entrepreneur, you can also consider joining Expat Entrepreneurs in Lima. These guys organize regular face-to-face meetings where entrepreneurs share their experience and network. If joining a forum is more your thing, I invite you to join the Expat Peru forum (I am the founder) where you will find an archive of thousands of questions and answers.

Besides virtual communities, there are other groups where expats and Peruvians meet in an English-speaking environment. Visit the Lima Toastmasters Club and hone your public speaking skills over a hot lunch and camaraderie. For the religious minded, check out the Union Church of Lima and the Anglican Cathedral of the Good Shepherd. Both are large communities that bring together a wide mix of people from all kinds of backgrounds.

You already know that learning Spanish is a crucial ingredient to your success in Lima, but did you know that you can begin studying Spanish online with a teacher from Lima before you travel? Studying with a teacher from Lima gives you the added benefit of receiving Spanish lessons from someone who also serves as a cultural guide, and who can give you all kinds of practical advice about living in Lima. Allow me to pitch my online Spanish school Web Spanish. Web Spanish is a pioneer in offering private classes online. Opened in 2005, Web Spanish has some of the best Spanish teachers you can hope to find online.

Step Three – Get Your Bearings
One of the best things you can do in your first few weeks in Lima is to treat yourself to a tour of Lima. Clarification: I am not talking about the classic, touristic city tour, but a down-to-earth excursion where you venture into the 4 corners of Lima. Only by doing this can you fully grasp what it means to live in a city of 10 million people, and begin to understand what life if for most of the city´s inhabitants.

 This sounds daunting, but in practice, it is very doable. Taxis are relatively inexpensive here, so ask around and find a reputable driver who can give you an hourly or day rate and explain to him that you want to see Lima up and down, the good and the bad. A full-day tour should cost you around US$60, a small price to pay for such an incredible educational experience. Make sure your driver takes you up to the top of Morro Solar and the Cerro San Cristobal where you can get a bird´s eye view of the city. If you are on a tight budget, you can do the same with using the bus system, but my suggestion here is that you go accompanied by someone who already knows the city well.

Lima is full of museums - some much better than others - but for a newcomer trying to get her bearings, I´d like to recommend three. The first is the Museo de la Gastronomia. There is no other single place where you can get such a good understanding of Lima´s varied and rich cuisine. Then, there is the Cathedral of Lima, which gives you a sense of the important role played by the Catholic Church in Lima´s colonial and republican history. These two museums are within walking distance of one another and can be visited on the same day. Then, go to Miraflores and tour the Huaca Pucclana, a pre-colonial pyramid made of mud bricks with a small site museum. It´s a beautiful location and it will give you a sense of Lima´s pre-colonial history.

I hope this short guide will help you as you relocate. Lima is a fun, exiting city, but not without its challenges. Taking your adaptation process seriously will help you settle in faster and better. Good luck, and enjoy!



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Sunday, April 12, 2015

Reader Request: Can you Buy Property in Peru without a CE?

From Rederij
People are looking to invest in Peru and one way to do so is to buy property. The housing market in Peru is taking off and many people want to get in on it. For those of you who don't have a CE or Peruvian citizenship, you have to go through an extra step to buy property in Peru. It is illegal to buy property as a tourist, since contracts you sign aren't legally bounding. Make sure you read the fine print and know what you're getting into when you buy property abroad.

The good news is that you just need to get a visa that gives you permission to sign contracts. Once you have that you're good to go and can sign on the dotted line. 





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Sunday, June 22, 2014

Menial Jobs are Dragging Peru Down

From canstockphoto.com
When countries shift towards first world economies they move from being primarily manufacturing economies to being service economies. While manufacturing does help the economy it has a negative impact on the environment and people's lifestyles. Countries can change rapidly when changes are made. The USA has led the way in becoming a service sector and as a result people's lives have dramatically increased. If you think that a short while ago there were no child labor laws, slave wages, and sweat shops were commonplace.

Certain stereotypes exist about menial job workers in the US and one is language. Since many immigrants are from Mexico, some people look down on those who speak Spanish. Whether they like it or not, Spanish is becoming a very important language not only in the USA, but also in the world. Learning Spanish will help you assimilate to the culture and you'll be able to communicate easier.

While Peru isn't well known as a manufacturing company, no cars are made there, few electronic are, many items are imported from China. However, menial jobs are to Peru as manufacturing was to the USA.  Some of these menial jobs include:
  • fare takers (cobradores) on the buses
  • gas attendants
  • street vendors
  • people who sell things on buses
  • shoe shine kids
  • live-in nannies
  • the people who shout numbers out to the bus drivers to let them know about their competition
Peru has come a long way in recent years. Fujimori's gone. As is the Shining Path. But there are still many obstacles in the way keeping Peru from becoming a developed country.



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Thursday, May 22, 2014

Beware the Bait and Switch in Peru

Bait and switch can refer to a number of things, such as jobs and shopping, but it always refers to fraud. Recruiters may use bait and switch when they dangle a cushy job in front of someone only to change it at the last minute. It's also commonly used in Peru when shopping at the markets or buying something off someone on the street. I've known plenty of people who have fallen victim to this trick both in Peru and elsewhere. Here are some tips to help you avoid the bait and switch trap.
From http://www.findingbetteragencies.com/category/agency-search/page/16/

Take your time. Sellers who use bait and switch try to get time on their side and have you rush. When you rush you're not paying as much attention. Beware of people who want to make you rush.

Refuse a bag. Bags can hide a lot of sins. If there's no bag it's harder for the seller to hide anything.

Buy from reputable people. I love shopping at markets, but some people hate it. The noise, the sellers hawking their wares, etc. However, if you can build relationships with the people you buy from you'll find it can be a great experience. They might give you discounts or the latest and the greatest. Ask other people who they buy from and keep going back to people who give you good deals and good items.

Speak Spanish. Sick of getting the foreigner's price? Learn Spanish. Plain and simple. It's a pretty easy to learn a couple of words and phrases here and there. Knowing Spanish will help you assimilate to the culture and you'll be able to communicate easier.

Be careful about meeting people you find online. I find that living abroad is safer than living at home. I've met many of my friends online through Facebook, forums, and even Craigslist. Back home you wouldn't do that. However, not everyone is safe. Meeting people online can always be dangerous. Be sure to meet in a well-lit place, preferably during the day with other people around.

Trust your instinct. If something doesn't feel right it probably isn't. Move on and find somewhere else to go shopping.

More Shopping Tips
I wrote about markets in Lima as well as shopping in Peru and while markets are great, you have to be careful. Shopping in markets can be a fun experience. These 3 tips will help you make the most of your shopping experience.
  1. Get recommendations: ask friends which sellers are good and which ones should be avoided.
  2. Pricing: be wary of pricing, especially sellers who drop their prices drastically.
  3. Trust your instinct: it's usually right.







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Saturday, September 14, 2013

Reader Request: I'm Going to Live in Peru Forever!

From dogwalkmusings.blogspot.com
Updated 20 October 2017

It's not uncommon for me to get emails from people who say that they want to live in Peru forever, but don't know how to do it. It's usually accompanied by statements saying that someone (their husband / wife / partner / boyfriend / girlfriend / fiance / fiancée) is living in Peru / going to move to Peru and they'll get married and live happily ever after. More often than not the person emailing me has never been to Peru or has spent less than two weeks there.

Keep in mind that marriage is no longer forever. Divorce rates are high enough between people from the same culture let alone those from different cultures. The good news is that there are alternatives to residency besides marriage.
Differences in culture can also wreck havoc on cross-cultural partnerships. There's a reason why I wrote think carefully before marrying a Peruvian and that's it's one of the top 5 posts on my blog.

Moving is hard but it can be even harder if you move to a different country, don't speak the language, or if you don't have a job waiting for you. More often that not people end up begrudgingly teaching English. While there are other options than teaching English in Peru, they do take time to set up. If you do decide to to move to Peru, definitely take time and read the advice that other long-term expats have written.

While there are plenty of people that do end up living in Peru forever, just remember to keep your options open. Don't limit yourself to one country. Take things in stride and realise that there are many things beyond your control.





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Monday, July 15, 2013

Reader Request: Alternative Ways to Get Residency in Peru Besides Marriage

From blog.smalltownkid.net
Updated 30 April 2017

About once a month I get an email from someone asking me how in the world they can get residency in Peru. Usually it's due to the fact that a significant other in Peru, but they don't want to or aren't able to get married.

One tip to remember is that speaking Spanish will help you greatly. You'll be treated differently than if you speak English all the time, it'll help you assimilate to the culture, and you'll be able to communicate easier.

The good news is that after three years of residency you can apply for inmigrante status (permanent residency) or become a Peruvian citizen.

Here are some other alternatives to residency besides getting married.
  1. Get a work visa. If you can score an expat package, all the better.
  2. Start your own business. It'll get you a visa. You'll need $30,000 and there's a lot of paperwork involved.
  3. Get a student visa. You will be able to work part-time as well. married.
  4. Get a retirement visa. You'll have to prove a steady source of income, not from a job. (ex, government retirement scheme, private retirement scheme, etc.)
  5. Get a family visa. If you have children that were born in Peru, they can become Peruvian citizens. If your kids are Peruvian, you might be able to get a visa through them. Get a lawyer. I've heard it's possible, but don't know anyone who has done it.





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Thursday, May 9, 2013

Peruvian Universities That Offer Distance Learning Bachelor Degrees

Distance learning is a new concept in Peru. In the US it's been around for ages. I remember looking at my dad's old comic books and they had adverts for correspondence courses in order to finish high school and get your high school diploma. High school diplomas are now the bare minimum needed for jobs. Most places ask for a bachelor degree, if not a master.

One tip to remember is that speaking Spanish will help you greatly. You'll be treated differently than if you speak English all the time, it'll help you assimilate to the culture, and you'll be able to communicate easier.

Background to Bachelor Degrees in Peru
In Peru there are two levels of bachelor's degrees. You get your bachiller and your titlulo. The first means you've finished all the courses. The second means you've done a capstone course: such as an intensive course, internship, or thesis.

3 Universities in Peru
Peru has three universities that I know of that offer distance learning, but even then it's not completely possible to do if you don't have someone in Peru to help you. My husband is going through Garcilaso de la Vega University and he had to go there in order to apply and spent a couple months trying to get credits transferred and whatnot. At the beginning in 2011 he had to have relatives physically go to the university and pick up the books and post them to him.
    • Garcilaso de la Vega University: 3 semestres a year. You should be able to finish in about 3 years. Affordable. It's not that organised. Even a month into most semestres not all the professors have told you what work is expected to you and if they tell you it's vague. They'll tell you to write a paper or do research but will have no word or page limit. In order to get your diploma for either your bachiller or your titulo you also have to physically go to the university and fill out tramites and wait a couple months. The kicker? If you want to do your titulo at another university, which is common enough in Peru, you have to wait until you have your diploma in hand. Idiotic.
      Passing your thesis is another grey area. Not only do you have to rent the space where you give the thesis, but you also have to pay the profs for their time. It seems like they'd be pretty likely to fail you since then you'd have to hire them again. Peruvian culture is full of shades of grey and bribery: reminds me why I left Peru in the first place.

    • Los Angeles Chimbote University: Should be affordable. Not that well-known of a university.


    • San Ignacio Loyola University: Pretty expensive. Aimed towards rich people or those whose companies will pay.

    Conclusion
    Hopefully there will be more universities that offer BA degrees and they'll organise their info better so that you don't physically have to go there to get stuff done.



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    Tuesday, August 21, 2012

    Basic Overview of US Expatriate Tax Requirements

    The following is a guest post by I.J. Zemelman, EA. Tax Operations Director at Taxes for Expats              
                                                                                 
    Bottom Line:  File Your Taxes Every Year
    As a US expatriate working overseas you must file your US federal taxes annually just as you would if you were living in the United States.  Why?  Because your total world income determines your tax liability – not simply the income you receive in the states.  As an American expatriate, though, you have more tax saving options than those with a stateside residence such as housing and subsistence allowance, income exclusions, foreign tax credits, and more.  Savvy taxpayers who’ve taken the time to research additional deductions and savings opportunities or who work with a tax professional may have access to even more options.  Let’s refer back to the bottom line, though:  If you don’t file your taxes you don’t qualify for such deductions and exclusions. There are lots of tax guides out there designed to help you.

    How to qualify for FEIE (Foreign Earned Income Exclusion)?
    In order to qualify for the Foreign Earned Income Exclusion on Form 2225 or Form 2555-EZ you only have to be a resident of another country and file your taxes in said country.  Married couples who both live overseas may file jointly.

    A number of taxpayers are unclear as to what income qualifies for exclusion, and the answer is simple:  Only income earned as an employee or contractor.  Any monetary gain from dividends, interest, rental income, and other types of investment returns are not excludable from your US tax liability.  The last update to the amount US expats were able to claim as exclusion is $92,900 for 2011 and $95,100 for 2012.

    Another definition it’s important to take a look at is exactly what constitutes foreign.  For IRS taxation purposes, foreign income is viewed as any income received outside of the United States or any US Territory, which include American Samoa, Guam, Micronesia, Northern Mariana Islands, Puerto Rico, and the Republic of Marshall Islands.

    Before you can claim FEIE there are certain additional requirements you must meet; you will be required to have lived in a foreign country for a full year, or at least a minimum of 330 days out of a 12 month period.

    Information on Foreign Tax Credits?
    Tax treaties with the United States ensure that you will be not taxed twice by 2 countries for the same income.  In order to ensure you receive your foreign tax credits you must file Form 1116 if you are an individual and Form 1118 if you are a corporation.  If you still owe anything to the United States after having applied your credits, the total amount you owe should be very low.

    While tax treaties are great for saving international taxpayers money, there are a few important rules and exceptions of which you should be aware:
    • Travelling Restrictions:  Some treaties become ineffective if the taxpayer travelled to a country with restrictions such as Cuba.  It is important for you to check with the State Department before travelling.
    • Tax Home:  If you are involved in a civil unrest you may qualify for an exception which allows you to claim your overseas residence as a tax home.
    Note: There are a variety of other rules included in international tax treaties such as those regarding the IRS auditing process.  Filing any return begins the 3 year backtracking period to which an IRS agent can perform an audit – including international returns or returns with no taxable income.

    Keep in mind that it will not behoove you to try to give false information to the IRS, as quite a few countries including Barbados, Colombia, Dominican Republic, Honduras, Jamaica, México, Trinidad, and many more have active information exchange agreements in place with the US.

    If you are living overseas and you are self-employed you will be subject to all US income and SE taxes just as you would if you were living stateside.  It is important to be aware that foreign income credits CANNOT be used to decrease your SE tax liability. 

    You will be protected, however, along the lines of Medicare and Social Security contributions.  The US has what is known as Totalization Agreements with multiple countries which prevent a taxpayer from having to pay into 2 social insurance systems.

    Timing is Critical
    American expats who are known to be working overseas or who can prove their income originated overseas will be automatically granted a filing extension to June 15th instead of April 15th.  Both military members and civilians working on overseas assignments qualify for this automatic extension. See our complete list of US Tax Deadlines for expats for more information.

    Expats are also able to request a further extension and not be required to file taxes until October 15th.  This extension, however, is only for filing.  If you are an American expatriate and you owe taxes which aren’t paid by June 15th you will most likely be subject to penalties and interest.  If you are unable to pay before October you may be able to minimize your penalties by filing Form 2210.

    The article is merely an overview of an overwhelming amount of US expat tax information. For additional help, please contact the experts at Taxes for Expats today or read more about taxes at these tax guides.
    I.J. Zemelman, EA is the founder of Taxes for Expats
    She may be reached at: +1-646-397-2887
    Email: questions@taxesforexpats.com





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    Friday, July 4, 2008

    Opening a Business / Getting an Investor's Visa in Peru

    Updated 10 August 2016


    Although there's a lot of red tape involved with any business, it's possible to open a business here and get an investor's visa. Doing Business in Peru.org is a good place to start looking for what you need. You should also read up on how to do business in Peru and Peruvian culture.

    Do your research ahead of time, here's some practical advice about starting your own business

    If you want to keep residency, you'll have to come to Peru every six months. If you spend more than 6 months outside of Peru and want to keep your residency, you will have to get permission from immigration. Here is what you will have to do if you want to leave for more than 183 days. You can read more info about this in Chris' blog. More first hand experience can be read in this thread.

    FYI: You cannot simply invest money, never live in Peru, and get a passport. They don't have a quick and easy investment option for people who don't spend time in Peru.  

    Requirements for an investor's visa.
    • Check with Immigrations does not have the the information about what is needed to get an investor's visa on their website. You're going to have to visit or call them. I got the information below from various forums and Facebook groups.  I also highly suggest you get a lawyer to help you out. 
    • Money's the first thing you will need. As of 2013, you'll need $30,000. 
    • You'll also need to hire 5 Peruvians. A Peruvian is a person with Peruvian citizenship who has agreed to be treated as a Peruvian. Let me explain. If a person holds more than one passport and they enter Peru on a foreign passport, they would not be considered a Peruvian. They'd have to enter Peru on a Peruvian passport. 
    • You'll also have to pay the minimum wage. I'm sure there are ways around it, such as commission, etc. I'm not sure if they can be contract employees or if they have to be permanent.
    Another option: create your own company with you as the main shareholder
    There's also another option at Peru this Week that explains how to create your own job by creating a company in which you are the main shareholder, for example in an SAC.  You should look at this step-by-step process for a SAC.

    Getting help
    You can also consider joining Expat Entrepreneurs in Lima. These guys organize regular face-to-face meetings where entrepreneurs share their experience and network.


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