Ok so I have a specific problematic and I would like to ask you guys some questions about the execution and legality of what I will try to do.
First of all lets specify a context. I am a IT person who earns around 55 000~ eur per year. Currently I am a citizen of eu.
I would like to live in peru and one of the visas available to live there is so called "Rentista visa"
For this visa you need to state that you have non-work income higher thatn 1000$ a month.
On one of the digital nomads sites I have came a across an article where they are stating that the income can be declared from dividends too.
So my plan is:
My questions are:
First of all lets specify a context. I am a IT person who earns around 55 000~ eur per year. Currently I am a citizen of eu.
I would like to live in peru and one of the visas available to live there is so called "Rentista visa"
Visas Residentes - Visa de Residente - Rentista
www.consulado.pe
For this visa you need to state that you have non-work income higher thatn 1000$ a month.
On one of the digital nomads sites I have came a across an article where they are stating that the income can be declared from dividends too.
How to obtain a RENTISTA VISA in Peru
Are you looking to retire in Peru? Did you know that it's possible to obtain a permanent retirement visa when you receive dividends from a company abroad? Find out all requirements for Peru's rentista visa in this article.
digitalnomadsperu.com
So my plan is:
- create offshore company with 0% corporate/dividend tax
- work for the company so I will be able to payout myself dividents equal to sustain me with 1000$/months (rentista visa requirement see the link above)
- get the rentista visa in peru and live there few years like that essentially legally dodging any income tax whatsoever (holders of rentista visa does not have to pay any income tax on any foreign income however they cannot legaly work or engage in any lucrative activities in peru)
My questions are:
- what is the best offshore jurisdiction to have a company like that? (I am thinking BVI but I think you guys will know better)
- Can a company pay out legally dividends for one person to two bank accounts by splitting the amount? (I would like to pay out my peruvian account and then leave some money in euro currency as peruvian currency Sol is slowly losing value)
- Is this actually legal? May I be penalized?
Last edited: