Hello. Thanks for all the great info. My question deals with Peruvian born but Naturalized American….returning to Peru. I have a U.S. passport and a U.S. pension. I’m wondering if I could enter Peru as a tourist then apply for citizenship based on my birth certificate. I’m also concerned about paying taxes on pension funds being deposited in a Peruvian bank. Countries like Colombia tax 40% of pension funds from abroad.
Thanks again for the info!
- This commment is unpublished.@Victor Hello Victor,
You were born in Peru and have a Peruvian birth certificate, so as long as you never renounced your Peruvian nationality, you are still Peruvian, even though you might additionally have a US passport and a US pension.
So, my question is, did you ever officially renounce your Peruvian nationality?
If you have renounced your Peruvian nationality, you can enter Peru as a tourist and then start the process of recuperating your Peruvian nationality (“Solicitar la recuperación de la nacionalidad peruana”).
If you haven’t renounced your Peruvian nationality, then you are still Peruvian and don’t have to apply for citizenship in Peru. But you have to get your Peruvian documents in order. Peruvians who next to the Peruvian nationality have another one (in your case from the US) are advised to enter and leave Peru only with their Peruvian passport.
Anyway, you now have two options:
- Get in contact with the nearest Peruvian consulate. They can explain the process in detail. In short: first you have to apply for your DNI at the consulate. Once you have your DNI, then you can apply for your Peruvian passport at the consulate.
- Or enter Peru as a tourist, which, according to the Peruvian Nationality Law, shouldn’t be doneby Peruvians. Once in Peru, pay Reniec a visit and apply for your DNI. When you have your DNI, apply for your Peruvian passport at Migraciones.
Regarding your tax question. Honestly, I’m anything but a money / tax expert and highly recommend asking someone with more knowledge. But my first question would be why you want to deposit your US pension (fund?) into a Peruvian bank account? It might be wiser to leave it in the US and then either transfer what you need to a Peruvian account or withdraw from an ATM. If you officially have your pension transferred to a Peruvian bank account, I don’t know how Sunat will categorize it, especially as it doesn’t fit into the “foreign income” category (there depending on the amount taxes of either 8%, 14%, 17%, 20% or 30% have to be paid on it) and not in the “Peruvian pension” category. Additionally, when I understood you correctly, we are not talking about a monthly pension payment, but a one-time pension fund payment. So, sorry, I really don’t know.
Greetings
Eva
- This commment is unpublished.@Sunflower That’s very helpful, thank you. I don’t recall ever renouncing a citizenship, however my mother may have dove it for me. I don’t know. I think probably they will tell me when I go to the Peruvian Embassy to apply for my DNI. I am presently living in Colombia so I’ll need to go to Bogota.I do receive a monthly pension check from the US and, at least in Colombia, it’s so much easier to live with a local bank account then have to live with removing cash from ATMs for everything from rent to car payments. It’s why I asked. If I have to I’ll I live from ATM withdrawals. :)Thank youBest help I received yet!
- This commment is unpublished.@Victor Chavez Hello Victor,
Yes, I think it’s best to talk to someone at the consulate, first to find out if they somehow can find out if your mother ever renounced your Peruvian nationality and then if they think it’s better to apply for your DNI (and after that your passport) at the consulate or in Peru.
But be aware that you only get up to 90 days in case you enter Peru as a tourist. As it might take a while to get an appointment at Reniec and as there might be delays or the one or other hurdle to conquer, time could be an issue. But it’s doable. Although many, many years ago, my husband in a similar situation as yours entered as a tourist, got a new copy of his birth certificate at the municipality he was registered, went to Reniec with all other necessary documents and within days had his DNI.
And yes, in Peru as well it’s much easier to have a local bank account and if you are Peruvian, you get one with no problems; but this doesn’t mean that your retirement payment has to be directly (!) deposited it in. Anyway, as said before, I’m not an expert when it comes to money, banks and taxes. Sorry. And probably it’s not even necessary to look for other options. The point is how Sunat will categorize your retirement income. Do they put it in the “foreign income” category, where it doesn’t really fit, then you have to pay taxes as mentioned in my comment above. But in case they accept it as official retirement income, which, when I remember correctly, is not taxed in Peru, all is good.
I hope everything works out for you.
All the best
Eva