1 year
Initial Duration
$2,500
Monthly Income
$100
Application Fee
$1,000
Cost of Living/mo
Highlights
Machu PicchuAmazing foodLow cost of living
Requirements
Income Requirement$2,500/month
Health InsuranceRequired
Proof of AccommodationNot Required
Background CheckRequired
Processing Time2-4 weeks
Duration & Renewal
Initial Duration1 year
Maximum Duration1 year
Renewal Options1 year, renewable
Benefits
Work Permissionremote only
Tax BenefitsNone
Path to ResidencyNo
Path to CitizenshipNo
Family IncludedYes
Things to Consider
- Safety concerns
- Altitude in some areas
- Spanish needed
Best For
- Adventure seekers
- Foodies
- History buffs
Lifestyle
Internet Quality3/5
Safety Rating3/5
Climatesubtropical
TimezoneUTC-5
Ready to Apply?
Visit the official government website for application details.
Official ApplicationLast updated: January 2026