The Best Places To Retire On $200,000 Or Less

Published on 11/20/2019
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Peru

While it was once the heart of the Inca Empire, today Peru is known for its beautiful section of Amazon rainforest, its majestic mountains, tropical jungles, and rich culinary tradition. Its cities, including Lima and Cusco, and long and rich histories. Thanks to the low cost of living there and the friendly people, Peru is a very hospitable option for international retirees. In popular destinations like Arequipa and Cusco, a one-bedroom apartment would rent for less than $350 a month, and a nice three-course meal for two costs between $10-12. Peruvian public health care is affordable, but expats tend to have their own health insurance and use private clinics. The main health concern for newcomers is altitude sickness in Peru’s high elevations.

Peru

Peru

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How to retire in Peru

As it turns out, Peru has an accessible retirement visa which is called the rentista visa. It gives holders permanent resident status. With this visa, you won’t need to renew your residency permit or pay income tax of any kind. In order to qualify, you’ll need to show that you have a permanent monthly income of $1,000 for one person, plus $500 per dependent. To maintain the visa, you need to spend a minimum of six months of the year in Peru.

How To Retire In Peru

How To Retire In Peru

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