Life flies by quickly and before you know it the time to retire is upon you. Many people make the decision to spend their “Golden Years” living abroad. If Peru is one of those countries that you are considering to enjoy for a period of time, there are some important facts to consider on how to make it an easy transition. There are websites and informational books that can give you an overview of the practicalities and realities of living and working in this fabulous country. Listed are just a few points to consider as you start your project.
ENTRY REQUIREMENTS
Depending on where you are coming from and where you are planning to live, you may be subject to entry restrictions. You should contact the embassy of the country that you are planning to move to. Ask them about the requirements that you will need to fulfill to gain unrestricted entry. Go to www.embassyworld.com to get that information. You may also call, visit or write to the country’s embassy that is located nearest to you.
RESEARCHING THE LIFESTYLE
After your requirements are accomplished for residency it would be advisable to start researching the most important issues, which would be housing, education and the cost of living that the country offers. This will help in determining if this is a good fit for you, before you make a permanent commitment to this big decision.
LIVING IN PERU
Currency-The Nuevo Sol is the Peruvian currency. Get to know the different notes and coins as far as far as its appearance, its value and its exchange rate.
Wages-Find out what the current minimum wage is. The wages are much less than you would expect in the US or Britain, but then again, the cost of living is also much less.
Living Expenses-Your lifestyle obviously determines you living expenses, however, it is very possible to live quite comfortably on very little.
Bank Accounts-In order for you to open an account in a Peruvian bank you will most likely need a National Id Document or a foreign resident card, along with a copy of your electric and water bill. Interbank has been reputed to accept passports as an alternative to a DNI or foreign resident card. Generally it is more advisable to open an account at a savings bank
For more information regarding all of your questions about retiring to Peru or for any other questions?
