Peru Country Profile

Passport Ranking
63/198
Passport Score
135.5
Visa-free Countries
131
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Region
North and South America
Capital City
Lima

Largest City
Lima
Currency
Peruvian sol

Languages
Spanish, Quechua, Aymara
Population
33.4 million

Life Expectancy
68.9 years
GDP (nominal)
$239.3 billion

GDP/Capita
$7,166
Cost of Living
Climate
Safety
Pollution
English Proficiency
Very cheap (2/7)
Very comfortable (1/5)
Dangerous (5/7)
Very polluted (5/5)
Low (4/5)

Taxation Type: Residence-based

Sovereign Research's take:

Peru is part of the Mercosur, allowing its citizens to obtain residency in any other Mercosur country using a simplified procedure.
Like many other countries in South America, Peru has had to overcome some serious social issues, guerrilla wars and periods marred by violence. And similarly to Colombia and Chile, it has made a remarkable recovery in the 21st century.

That is not to say that the situation is perfect right now. Many serious issues still remain.

But overall, you can enjoy a great lifestyle there on the cheap. Some of our subscribers live there and are happy. (Review this case study of an Australian business woman raising her son on the Peruvian coast.)

The country makes it fairly easy to gain residency. It is also a remarkable country to consider if you’re in the market for a second passport, as you become eligible to apply for naturalization after only two years of residency. 

And there are many reasons to consider Peru – it is home to stretches of stunning coastline, beautiful mountains, and a rich culture.

Peru was home to the very advanced Inca civilization (Machu Picchu is one of the Incas’ most remarkable sites). Cusco city in Peru also served as the political and religious capital of the vast empire of the Incas of South America. 

Then there’s the food. Peruvian cuisine is world-renowned, and Lima is known as one of the great food capitals of South America.

There are downsides, too. 

The country is still very poor. And Lima is an enormous metropolis that gets chaotic very quickly. Furthermore, its infrastructure is way behind where it should be, and its high levels of air pollution undermines the city’s quality of life.

At the same time, Lima has some very lovely areas. We recommend you check out the Barranca neighborhood. It is right next to the very touristy Miraflores, but it’s more cozy and picturesque.

And if you have a family, the education quality isn’t great. Private schools (or homeschooling) will likely be your only viable options.

Peru is probably 20 years behind Chile in its development, which is a good thing in terms of opportunity.

In fact, our founder Simon considered making some serious investments in Peru. He decided against it – the risks were still too high, given his particular goals at the time. The institutions aren't there, and the infrastructure isn’t there yet, either.

But if you take a long-term view, Peru might still make sense..

Service Providers available in Peru in Sovereign Research's Rolodex:

  • Immigration (residency, citizenship)
  • Tax advice (attorneys and/or accountants)
  • Corporate services (company formation, etc.)
  • Banking contact
Obtain access by signing up for Sovereign Confidential

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