Peru is known for its low cost of living, archaeological monuments, beautiful nature, subtropical desert climate, and welcoming people. Because the process of obtaining a retirement visa is super easy and quick, and you can live well without spending much, retirees from around the world choose Peru as their retirement destination.
You can retire in Peru by applying for a residence visa. Peru has currently nine temporary residences and 18 residential visas available, but the most popular option among retirees is the Peru Retirement Visa (Rentista Visa).
The Peruvian Rentista Visa is a type of temporary residence visa that allows self-sustaining foreigners to reside in the territory of Peru.
Who Can Apply For a Peru Retirement Visa?
You can apply for a Peru Retirement visa if you receive a state or private pension or other passive income of at least $1,000 per month ($12,000/year) or the equivalent of this amount in another currency. Your monthly income must derive from outside of Peru and enter the country through a bank.
How to Apply for a Peru Retirement Visa?
You can apply for a Peru Retirement Visa through the official Peruvian Immigration website (National Superintendency of Migrations). Under the section “Cambio de Calidad Migratoria,” choose the option “Rentista Residente” to start the application. After you complete the application, you will receive the confirmation and can enter Peru.
In case you cannot apply online, you can apply in person at the Peruvian Consulate. Keep in mind that you will need to set an appointment prior to visiting the consulate.
Requirements For a Peru Retirement Visa
You have to enclose the following documents when applying for a Peru retirement visa:
- Rentista visa application form F-007. The application form must be signed.
- Proof of paid fee. Provide the receipt of payment from the Banco de la Nación.
- Copy of your passport or travel document with a minimum validity of six months. You must be in regular migratory status.
- A written statement explaining your wish to benefit from the migratory status of the annuitant.
- Proof of clear criminal record. An official document issued from the police department in your country stating you have no registered criminal charges or judicial and police records at the national and international levels.
- A legalized or authenticated copy by the DIGEMIN notary of the original document issued from the country where your income comes from. This document must guarantee you receive a permanent net income of not less than $1000, which must be legalized by the Peruvian Consulate and certified by the Ministry of Foreign Affairs or apostilled.
- Proof the money enters the country through a banking institution in case of income from a foreign source.
NOTE: Every document presented in a foreign language must be translated into Spanish by a certified translator before submission.
Keep in mind that Migraciones can require other or additional documents at any time.
Duration of a Peru Retirement Visa
A Peru Retirement Visa (Rentista Visa) is valid for an indefinite period, but you can lose it if you stay out of the country for more than six months during a year.
Can My Family Members Come With Me?
Yes, a Peru Retirement visa allows you to bring your family members (spouse, children) with you to the country. You can fill out the application for you and your dependents the same day you apply for yourself.
Keep in mind that if your family wants to accompany you in Peru, in addition to presenting the required documents, you must also add an additional amount of $500 for each dependent.
Peru Retirement Visa Fees
You can complete the payment procedure at any branch of the Banco De la Nación. You will be required to pay an amount of $30 (105.60 Sol) before attaching the documents to a PDF file.
You can cancel the payment with the number of the travel document that you entered in Peru.
After Entering Peru As a Retiree
Once you are granted a Peru Retirement visa, you can move to Peru. After entering, you must obtain a Carné de Extranjería (CE), which is an immigration card issued to foreigners residing legally in Peru for identification purposes. With a CE, you can open a local bank account, purchase mobile phones and internet service, and travel within the country.
The card is issued by Migraciones and contains your information:
- Type of residence visa
- Your photograph
- Full name
- Date of birth
- The number of Carné de Extranjería
- Passport number
- Date of issue of the card
- Expiration date of Carné de Extranjería
- The expiration date of residence visa
You can apply for an identification card on the website of Ministerio de Relaciones Exteriores. Once you have completed the process, you will receive a certificate with the date you can receive the Immigration Card at the main headquarters of the Immigration Services Management in Lima, Prolongación Av. España 734, Breña, or one of the zonal headquarters.
NOTE: The Carné de Extranjería is linked to your passport, so you must inform the Migraciones within 30 days if any changes occur.
Can I Get Permanent Residency in Costa Rica With a Retirement Visa?
Yes, you can get permanent residency after living in Peru for three years on a retirement visa. Permanent residence will provide you with indefinite residency in the country and must be renewed after five years. You can also apply for citizenship if you can demonstrate knowledge of the Spanish language and Peruvian culture.
Healthcare in Peru
The healthcare system in Peru has a combination of governmental and non-governmental coverage, and it is covered by the Ministry of Health (60%), EsSalud (30%), the Armed Forces (FFAA), and National Police (PNP), as well private insurance companies.
Regardless of their income, everyone in Peru can benefit from free healthcare. In addition, you will have access to various health services to prevent diseases.
EsSalud and MINSA are crucial for Peruvians because private insurance covers a small percentage of citizens.
Even though EsSalud is not entirely free, the cost is much cheaper than private healthcare options, however, if you want to purchase private healthcare, it is advisable to go with international health insurance coverage.
How Much Money Do You Need to Retire in Peru?
Peru belongs to the group of South American countries where living costs are low. You can cover basic expenses such as rent, groceries, bills, and transport for $1,500 per month or less. The same life quality in big cities, especially in Lima, is more expensive, so find accommodation in smaller areas if you want to save money, find accommodation in smaller areas.
A single person can spend a monthly amount of $2,100 without including rent in Lima, whereas in Arequipa, you would spend around $420 without rent.
For apartments outside the city, you will spend a monthly $230 for a one-bedroom apartment or $470 for an apartment with three rooms. However, the rent prices inside the city center are higher, $400 for a one-bedroom apartment and $630 for a three-bedroom apartment.
In general, a monthly amount of $1,000 will cover most expenses, depending on how much you like to spend and where you decide to live, you can spend more or less than that.
Why Retire in Peru?
Here are some of the reasons why you should consider retiring in Peru:
- Low cost of living. Peru is one of the cheapest countries in South America, where you can live comfortably without spending a lot of money on necessities. You can enjoy a great quality of life for much less than in other countries.
- Delicious food. Peru is famous for its delicious food and dishes, and it is known as the world’s leading culinary destination. Peruvian cuisine is a reflection of local practices and ingredients. Ceviche is the traditional dish of the Peruvian country.
- Climate. The climate in Peru is a semi-arid and subtropical desert. The summers are warm, and winters are cold and snowy.
- Culture. Peruvian culture is a mixture of Hispanic and native traditions and follows you every step of the way. Music and dance are important for Peruvian culture and people, and each region has its own music and dance.
- Nature. Peru has many beautiful landscapes starting from deserts, rainforests, mountains, and volcanoes to sand dunes. It is one of the most naturally diverse countries in the world.
- People. Peruvians are some of the friendliest people and very welcoming towards foreigners and will accept you in their community.
Best Retirement Places in Peru
People usually choose Peru for its low cost of living and mesmerizing greenery. Cheap groceries, low taxes, and affordable accommodation are just some of the advantages of living in Peru. You can enjoy a quiet and comfortable retirement while exploring interesting sites.
If you are thinking about moving to Peru, here are some of the best cities to live in.
Although it might not be the cheapest city in Peru, Lima is home to most expats in the country. The capital city of Peru is surrounded by picturesque hills and valleys, as well as beautiful beaches. It offers a great quality of life and many opportunities for development. Miraflores, Barranco, and San Isidro are some of the safest districts in Lima.
The second-largest city in Peru is a more affordable option if you want to retire in a great city with low living costs. It is cheaper than both Lima and Cusco, but it offers the same life quality. Arequipa is rich in culture and architecture and dominated by its volcanoes, and famous for its delicious cuisine.
Cusco is one of the most popular areas in Peru, filled with hidden treasures, culture, and delicious cuisine. One of the main reasons why expats choose Cusco is Machu Picchu and its beauty. This brings Cusco a huge number of tourists yearly, so prepare to have a dynamic retirement and meet new people from around the world.
If you are looking for a safe place to live, Sacred Valley is for you. Located between Cusco and Machu Picchu, the city offers many things worth seeing and incredible history. You will delve into a greener lifestyle and live a relaxed life while finding peace and happiness.
Trujillo is a coastal city located in northern Peru that serves incredibly delicious food and is home to several archeological sites. There is a diversity of things one can do while living in Trujillo, and if you like ancient history, you will have a blast strolling through the streets of the old city.