What is a permanent residence?
Permanent residence refers to the status of resident of a person in a country from which he is not a native. This is collectively for an indeterminate time; a person with such status is known as a permanent resident. Permanent residence itself is distinct from the right of residence, which exempts immigration registration for such individuals. People with permanent residence still require immigration control if they do not have the right of residence. However, the right of residence automatically grants people permanent residence. This status also gives permission to work in most cases.
Before introducing you to all the information related to Perú, if you are considering options for citizenship by investment, contact us!. Our specialized team can help you with all your concerns. Click here.
Why obtain a permanent residence in Peru?
A country in progress: Although Peru is a country with many natural resources, let us not forget that Peru continues to be a developing country that needs considerable advances in technology, communications and diversity of product offerings. As such, there are endless opportunities for new startup businesses to provide higher quality services and a broader range of products that are hard to find or even not available in the country at the present time.
It is not surprising that Peruvian imports, compared to exports, are mainly made up of final and intermediate goods and around a quarter of the total value of imports is derived from imported machinery. The country will undoubtedly continue to experience an influx in the import of goods and services as the demand for external knowledge and expertise grows, and the population seeks a wider diversity of good quality products.
Country in progress: Although Peru is a country with many natural resources, let us not forget that Peru continues to be a developing country that needs considerable advances in technology, communications and diversity of product offerings. As such, there are endless opportunities for new startup businesses to provide higher quality services and a broader range of products that are hard to find or even not available in the country at the present time.
It is not surprising that Peruvian imports, compared to exports, are mainly made up of final and intermediate goods and around a quarter of the total value of imports is derived from imported machinery. The country will undoubtedly continue to experience an influx in the import of goods and services as the demand for external knowledge and expertise grows, and the population seeks a wider diversity of good quality products.
As such, within Peru's import and export markets, there are a multitude of startup business opportunities for local and foreign business entrepreneurs and investors to explore.
To require a work visa, a foreign individual must receive a labor agreement with a Peruvian registered company for a minimum period of (1) year. The employing society must prove that the employee / visa petitioner has the practice and skills necessary to perform the contract job role. As with an investment visa, a work visa is valid for one (1) year and renewable on the basis that the individual's employment contract is renewed or remains valid for a period of more (1) year. As the name of the visa suggests, a foreign person with a work visa has the right to work and Peru. Likewise, this individual is required to be contemporary in Peru for at least (183) days in the year (however, the immigration office may grant special permission for overtime outside the country under certain circumstances).
Permanent Residence in Peru: Visa Options
Starting with the simplest of long-term visa options for foreigners, a petition for a family residence visa can be made on the basis of direct descent or marriage to a Peruvian native. Excluding these circumstances and taking into account the options available in conjunction with a start-up company, the most common types of visas are as follows:
INVESTOR VISA:
The key requirement to have an investment visa in Peru is the capital investment of 500.000 peruvian currencies in a company registered in Peru. This investment must be a one-time bank transfer to be made simply from a bank account in the name of the investor / visa claimant. At the same time, a business plan must be presented to the company and certified as viable by a local certified economist. Finally, the investor / visa applicant must commit to employing a minimum of (5) local staff within the first year of activity.
1. Resource-rich country: Peru is a country with an accumulation of natural resources and this, of course, creates opportunities not only for the trade of goods on a national scale but also for sale throughout the planet. Due to favorable conditions in international trade, Peru has experienced an average annual growth of 5.5% in the export of goods and services since 2000. While crude resources represent a significant proportion of Peruvian exports, residents of the country) They are becoming increasingly aware of the power to amplify raw materials into high-quality intermediate or final products, thus creating new business opportunities.es.
WORK VISA:
To require a work visa, a foreign individual must receive a labor agreement with a Peruvian registered company for a minimum period of (1) year. The employing society must prove that the employee / visa petitioner has the practice and skills necessary to perform the contract job role. As with an investment visa, a work visa is valid for one (1) year and renewable on the basis that the individual's employment contract is renewed or remains valid for a period of more (1) year. As the name of the visa suggests, a foreign person with a work visa has the right to work andn Peru. Likewise, this individual is required to be contemporary in Peru for at least (183) days in the year (however, the immigration office may grant special permission for overtime outside the country under certain circumstances).
In both cases, a foreign person can create a company in Peru and use this company as a transport in which to invest or be employed in order to obtain the corresponding visa and long-term stay in Peru. After two years as an inhabitant in Peru, foreigners can request Nationalization and permanent permanence. Finally, just to note that outside of these visa options tied to Peruvian ties or starting a business in Peru, alternative resident visa options include an apprentice visa, independent professional visa, and a foreign entry visa; Each of which has its own specific application requirements.
In order to fully understand the visa application requirements, the process, timing, and costs involved, it is highly beneficial to hire a well-experienced arrival attorney who is familiar with local authorities, including notarial offices, Interpol, And of course the immigration agency located in the focus of Lima. While there are many components that make up a visa application process, the headache to understand and also struggle with the dialect barrier can be overcome by having this procedure managed by the right people. If managed efficiently, a typical visa procedure should take (2) - (3) months from start to finish.
So, if you are interested in finding out more about Perú, contact us today! Below this article you will find a link to set up a free fifteen-minute consultation with us to discuss your options further.
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