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by craig
Wed Sep 24, 2014 9:06 am
Forum: Expat Information
Topic: Transferring Residency passport stamp
Replies: 9
Views: 1008

Re: Transferring Residency passport stamp

Does the Peruvian CE number stay the same? Also, can anyone shed any light on transferring a residency stamp and getting a new carnet de extranjeria when changing passports from a passport from one country to a new passport from another country? Is it possible? If so, is it the same procedure as whe...
by craig
Tue Sep 23, 2014 1:15 pm
Forum: Expat Information
Topic: Mortgage as rentista?
Replies: 30
Views: 6464

Re: Mortgage as rentista?

I think Banco de Credito has a way. My wife works in there so if you still need some help let me know. Thanks. I am presently working with a woman at BCP trying to get a mortgage. They have not turned me down flat like the other banks so I still have hope there. They have the same rules as the othe...
by craig
Sat Sep 20, 2014 5:15 pm
Forum: Expat Information
Topic: Mortgage as rentista?
Replies: 30
Views: 6464

Re: Mortgage as rentista?

Craig, do you have any family in the US who would be willing to put their property up as collateral? No. And I am in the process of divesting myself of all connections with the US, especially financial ones, property in the US etc. and would not want a US loan even if I could get it. And you can bo...
by craig
Sat Sep 20, 2014 12:34 am
Forum: Expat Information
Topic: Mortgage as rentista?
Replies: 30
Views: 6464

Re: Mortgage as rentista?

They were going to accept my foreign income (Carnet) and a 50% down payment. It seems that they will not normally do that anymore. A couple of banks told me that they used to do that but don't anymore because their policy has changed to exclude from consideration any foreign income. The only except...
by craig
Thu Sep 18, 2014 4:17 pm
Forum: Expat Information
Topic: Mortgage as rentista?
Replies: 30
Views: 6464

Re: Mortgage as rentista?

Most banks seem to have a 65 year maximum age limit for obtaining a mortgage. It may sometimes be possible to get an exemption from this but otherwise this alone would exclude most rentistas from obtaining a mortgage.
by craig
Mon Sep 15, 2014 5:02 pm
Forum: Expat Information
Topic: Mortgage as rentista?
Replies: 30
Views: 6464

Re: Mortgage as rentista?

Back in 2010 Banks were willing to lend to foreigners with a 50% down-payment. I could do that. The banks don't seem to care. If the income is not in Peru and due to wage employment they will not consider it. I will retire in 2 years and plan not to get a rentista Visa, but a Marriage Visa and use ...
by craig
Mon Sep 15, 2014 4:49 pm
Forum: Expat Information
Topic: Mortgage as rentista?
Replies: 30
Views: 6464

Re: Mortgage as rentista?

Thanks for your reply. I know this is not what you asked, but as far as I understand, it's possible to use foreign income as a source for a Peruvian mortgage if you are married to a Peruvian and have a carnet. The banks have a mortgage product for Peruvians who live in the US (only, it seems) and ar...
by craig
Fri Sep 12, 2014 4:35 pm
Forum: Expat Information
Topic: Mortgage as rentista?
Replies: 30
Views: 6464

Mortgage as rentista?

Recently I have talked to a few banks about getting a mortgage to buy an apartment. It is beginning to appear that the following is the case. Banks will loan to foreigners, but only if they are employed in Peru and receive a regular salary here. Some say that they used to consider foreign income for...
by craig
Thu Aug 14, 2014 3:11 pm
Forum: Expat Information
Topic: Peruvian citizenship application - status update #2
Replies: 4
Views: 1089

Re: Peruvian citizenship application - status update #2

Yes, I am a rentista. They asked for a certified proof (ie, apsotilized) which can only be obtained in the US. . Interesting. So they wanted proof that you still had rentista qualifying income (or were just using that as an excuse to pester you to try to create an obstacle). I thought that it was p...
by craig
Tue Aug 12, 2014 9:39 pm
Forum: Expat Conversations
Topic: Peru accelerates pending expulsion of undocumented aliens
Replies: 11
Views: 1779

Re: Peru accelerates pending expulsion of undocumented aliens

So if it is not a crime, like speeding, why do they give you a fine for overstaying? For the same reason they take money from you in any other circumstance (eg. owning property, earning a living, applying for residency, etc.). To raise revenue. I am sure it is not a felony, but at least a misdemean...
by craig
Tue Aug 12, 2014 5:42 pm
Forum: Expat Conversations
Topic: Peru accelerates pending expulsion of undocumented aliens
Replies: 11
Views: 1779

Re: Peru accelerates pending expulsion of undocumented aliens

I suspect that overstaying your visa does not constitute, in Peru, either a crime or being undocumented. If that is the case then deportation, and this measure, does not apply to overstays.
by craig
Tue Aug 12, 2014 5:33 pm
Forum: Expat Information
Topic: Peruvian citizenship application - status update #2
Replies: 4
Views: 1089

Re: Peruvian citizenship application - status update #2

That is disturbing.

Are you a rentista? If so do you think that is why they asked for (another?) proof of your SS pension income? Or, if you are not a rentista, was this on the basis of just proving you can support yourself?
by craig
Thu Aug 07, 2014 8:30 pm
Forum: Expat Information
Topic: Retirement Visa Customs Tax
Replies: 6
Views: 972

Re: Retirement Visa Customs Tax

You are exonerated from paying anual tax on your carnet de extranjería, also called tasa anual de extranjería. However, I believe you still need to get the sticker, it's just free, like when you are married. No, that is not how it works. The rentista CE has in place of the space on the back for a s...
by craig
Thu Jul 17, 2014 6:19 pm
Forum: Expat Conversations
Topic: Peru to spend US$3.23bn aiming boosting domestic demand
Replies: 1
Views: 652

Re: Peru to spend US$3.23bn aiming boosting domestic demand

This is rather dangerous thinking. If the MEF and BCRP get in a tizzy about "the deacceleration" and decide they need to "stimulate" the Peruvian economy to fix it, and they "do something" significant (as opposed to just talking) they will end up permanently destroying ...
by craig
Mon Jul 14, 2014 8:53 pm
Forum: Expat Information
Topic: Professional Visa
Replies: 45
Views: 9400

Re: Professional Visa

Does anyone know how I can get my degree recognised? It's in Computer Science. I imagine there's no equivalent of the British Computer Society but could be worth my time looking. I have no idea for CS. However, if you really want to know I would start by visiting the ANR and asking them. If there i...
by craig
Thu May 22, 2014 11:18 pm
Forum: Expat Conversations
Topic: Fed cuts QE bond-buying - What effect will it have on Peru?
Replies: 3
Views: 979

Re: Fed cuts QE bond-buying - What effect will it have on Peru?

It is interesting what actually happened. The FED has pretended to cut its bond buying down to 55 billion per month from 85 billion. But what it actually has done is to increase it to over 110 billion per month. It has done this by printing dollars which it has funneled to Belgium by the back door a...
by craig
Sun May 18, 2014 11:55 am
Forum: Expat Conversations
Topic: Finally!! National Plan for Productive Diversification
Replies: 3
Views: 1123

Re: Finally!! National Plan for Productive Diversification

Sergio Bernales wrote:If the central plan were to get rid of all central plans, that would be a good central plan.

:)

But that would take all the fun out of being a politician, bureaucrat or planner.
by craig
Sat May 17, 2014 9:24 pm
Forum: Expat Conversations
Topic: Finally!! National Plan for Productive Diversification
Replies: 3
Views: 1123

Re: Finally!! National Plan for Productive Diversification

Central planning of any type for any purpose is always economically destructive.

On the other hand, the government could usefully get out of the way and stop preventing economic diversification with its idiotic tax and regulatory system. It will not, of course, ever do that.
by craig
Wed May 07, 2014 6:53 pm
Forum: Expat Information
Topic: Paying taxes on income earned overseas
Replies: 11
Views: 1432

Re: Paying taxes on income earned overseas

Sergio Bernales wrote:That's very interesting to note, so all border hoppers are thus liable for tax.

Theoretically.

I don't think there is any means to enforce it, much less any effort to do so.
by craig
Sun May 04, 2014 11:11 am
Forum: Expat Information
Topic: Paying taxes on income earned overseas
Replies: 11
Views: 1432

Re: Paying taxes on income earned overseas

The first thing to understand, altho it may be a bit confusing, is that "tax residence" and "immigration residence" are two entirely different things. To be a permanent resident of Peru means having government permission to live in Peru permanently. Anyone who has this immigratio...
by craig
Sun Apr 13, 2014 7:33 pm
Forum: Expat Conversations
Topic: The Boom! 61% of premises inspected by Sunat gave no receipt
Replies: 1
Views: 549

Re: The Boom! 61% of premises inspected by Sunat gave no receipt

Love it! That is why I like Peru. The comment of the woman who runs one of my local bodegas when the bodega across the street from her was "clausurado" was: "SUNAT are such pests. I wish they would go away and leave us alone." She never gives me a receipt so, since she was not sh...
by craig
Sat Mar 01, 2014 9:16 am
Forum: Expat Information
Topic: Vaccinations- What do my children really NEED in Peru?
Replies: 33
Views: 7021

Re: Vaccinations- What do my children really NEED in Peru?

teamoperu wrote:And one only follows the law because someone might ask, not because it is morally correct.

Obviously, the threats of an ignorant, mendacious bully determine what is morally right.
by craig
Wed Jan 29, 2014 12:14 am
Forum: Expat Information
Topic: OK to take 12oz of Silver Bars to Peru?
Replies: 12
Views: 1929

Re: OK to take 12oz of Silver Bars to Peru?

So is Peru a good place to buy silver bullion? Officially, no, you are supposed to pay an 18% VAT on it. In practice, you may be able to find sources who will not charge you the tax. However, it may be difficult to be sure of the purity of such silver. In spite of the fact that Peru is the 1st or 2...
by craig
Tue Jan 14, 2014 9:31 am
Forum: Expat Information
Topic: Professional Visa
Replies: 45
Views: 9400

Re: Professional Visa

I wonder how long it will take them to recognize the other two degrees (should I live so long). :shock: I started the process of having my PhD recognized by San Marcos at the end of October 2012. The Resolucion Rectoral was issued at the end of November 2013. So it took about 13 months. I just pick...
by craig
Thu Jan 09, 2014 8:18 pm
Forum: Expat Conversations
Topic: Dr. Doom is Bullish on Peru!
Replies: 59
Views: 5814

Re: Dr. Doom is Bullish on Peru!

... where the exact line is drawn between making multiple private postings on a public forum against government and being an "activist "against government. I suspect if might be quite arbitrary. To me the concept is quite clear. An activist is someone who devotes effort to trying to chang...
by craig
Thu Jan 09, 2014 4:42 pm
Forum: Expat Conversations
Topic: Dr. Doom is Bullish on Peru!
Replies: 59
Views: 5814

Re: Dr. Doom is Bullish on Peru!

You don't give a damn about the government? I have communicated with few people who are as obsessed about government as you are! You are being deliberately obtuse. That is OK and funny. But you clearly understood what I meant since you included "activist" in your recapitulation below. I d...
by craig
Thu Jan 09, 2014 4:15 pm
Forum: Expat Conversations
Topic: Dr. Doom is Bullish on Peru!
Replies: 59
Views: 5814

Re: Dr. Doom is Bullish on Peru!

Bribes are alien to capitalism (there is nothing bribe anyone for). However, bribable officials are preferable to the alternative when you don't have capitalism. :shock: So.. in a country where capitalism is in some way limited, limited bribery is therefore acceptable? That depends on the purpose. ...
by craig
Thu Jan 09, 2014 4:09 pm
Forum: Expat Conversations
Topic: Dr. Doom is Bullish on Peru!
Replies: 59
Views: 5814

Re: Dr. Doom is Bullish on Peru!

Chinese who have lived and worked in China all their lives and made a lot of money there. They do NOT come to the US and Canada to work and make a living. They come to retire in a place that they think is a safer haven for their wealth than China. Many of these are now regretting their decision to ...
by craig
Thu Jan 09, 2014 3:44 pm
Forum: Expat Conversations
Topic: Dr. Doom is Bullish on Peru!
Replies: 59
Views: 5814

Re: Dr. Doom is Bullish on Peru!

I admit I'm no expert on China but from what I gather the following freedoms do not exist: to have as many children as you want. to legally use google. to publiclly crititise the government too much or certainly to organise against it. to belong to a religion that does not swear loyalty to the chin...
by craig
Wed Jan 08, 2014 8:44 pm
Forum: Expat Conversations
Topic: Dr. Doom is Bullish on Peru!
Replies: 59
Views: 5814

Re: Dr. Doom is Bullish on Peru!

... where would you rather work and make your living, China or the USA? Without any hesitation: China, where there is more freedom and a more capitalist society. I'm guessing the sort of freedom and capitalism you are talking about is the freedom to pay less tax and get round regulation by bribing ...
by craig
Wed Jan 08, 2014 8:39 pm
Forum: Expat Conversations
Topic: Dr. Doom is Bullish on Peru!
Replies: 59
Views: 5814

Re: Dr. Doom is Bullish on Peru!

... where would you rather work and make your living, China or the USA? Without any hesitation: China, where there is more freedom and a more capitalist society. LOL Craig... I agree! Okay. Have a nice trip guys! :D I didn't say I wanted to go to China, just that I would prefer it to the US. I do n...
by craig
Wed Jan 08, 2014 12:23 am
Forum: Expat Conversations
Topic: Dr. Doom is Bullish on Peru!
Replies: 59
Views: 5814

Re: Dr. Doom is Bullish on Peru!

Alan wrote:... where would you rather work and make your living, China or the USA?

Without any hesitation: China, where there is more freedom and a more capitalist society.
by craig
Mon Jan 06, 2014 7:48 am
Forum: Expat Conversations
Topic: Dr. Doom is Bullish on Peru!
Replies: 59
Views: 5814

Re: Dr. Doom is Bullish on Peru!

... democracy generally fosters stability, and stability begets a democratic process. That is a belief that is commonly mooted about by the court "intellectuals" of our day because it serves to buttress the positions of the powerful. But is is utterly false and refuted by even a casual co...
by craig
Sun Jan 05, 2014 12:02 am
Forum: Expat Conversations
Topic: Dr. Doom is Bullish on Peru!
Replies: 59
Views: 5814

Re: Dr. Doom is Bullish on Peru!

And there are presidential elections in 2016. The next president can pull the country down the drain like what happened several times in the past. The past 3 elections in Peru have been democratic. Why a sudden turn around? "Democratic elections" are what most commonly flushes a country d...
by craig
Sat Jan 04, 2014 11:44 pm
Forum: Expat Information
Topic: OK to take 12oz of Silver Bars to Peru?
Replies: 12
Views: 1929

Re: OK to take 12oz of Silver Bars to Peru?

For Option number 2...Has anyone ever carried silver bullion into Peru? Is it necessary to declare the amount I plan to take (12oz)? Will the customs officials in the airport arrest me, steal my silver, and/or charge me some exorbitant tax or any other unfortunate scenario? I don't really know but ...
by craig
Sun Dec 29, 2013 12:53 pm
Forum: Expat Conversations
Topic: The Expat Peruvian Diet
Replies: 6
Views: 1511

Re: The Expat Peruvian Diet

This may explain my weight loss while living in Peru. Only to gain it back after returning to the US. Merely changing location between Peru and the US would not necessarily have any impact on the composition of your intestinal fauna. For a rapid or dramatic change there would have to be some other ...
by craig
Sat Dec 28, 2013 8:22 pm
Forum: Expat Conversations
Topic: Ponzi-meister
Replies: 16
Views: 1466

Re: Ponzi-meister

Any idea why he chose Peru as his hide-out? Considering that he chose to live a pretty public lifestyle here, did it have to do something with extradition arrangements between the US and Peru? I think he had Peruvian nationality from one of his parents. Did you, or anyone else in the know, inform t...
by craig
Fri Dec 27, 2013 3:28 pm
Forum: Expat Conversations
Topic: Ponzi-meister
Replies: 16
Views: 1466

Re: Ponzi-meister

The FBI had located him living in Lima Peru since 2010. The warrant for his arrest must have been sent via messenger pigeon. I've know since 2006 that he has been here. At that time he was living in the Orrantia del Mar area. He had been selling investment news letters from there under the name &qu...
by craig
Fri Dec 27, 2013 2:48 pm
Forum: Expat Conversations
Topic: Fed cuts QE bond-buying - What effect will it have on Peru?
Replies: 3
Views: 979

Re: Fed cuts QE bond-buying - What effect will it have on Peru?

The Fed has not cut anything . Bernanke has only said they are going to reduce the official rate (the actual rate is much higher since purchases with received interest or maturing principal are not reported) of buying. The first thing to watch for is whether or not they will actually reduce the offi...
by craig
Mon Nov 25, 2013 8:51 pm
Forum: Expat Information
Topic: buses in lima
Replies: 11
Views: 1608

Re: buses in lima

no one here will print pamphelts for that An expat fellow created this web site Rutas Recomendables with a lot of info in English and sells a pamphlet/map of selected routes. Someone has created a website with routes, but I found it a bit difficult to use (and I've been using public transport for a...
by craig
Thu Oct 24, 2013 8:11 pm
Forum: Expat Information
Topic: April 1st LAN TO SUSPEND FLIGHT OUT OF SFO
Replies: 5
Views: 1660

Re: April 1st LAN TO SUSPEND FLIGHT OUT OF SFO

If I can't do it non-stop from SFO then I'm going to try Delta (SFO --> ATL --> LIM) to avoid LAX. It's quite a detour. You'll be quicker via LAX. Not really, if you look at the geography. Peru is as far east as the Atlantic seaboard and Atlanta is far south of the Pacific NW. To get to LAX you hav...
by craig
Wed Oct 23, 2013 9:15 pm
Forum: Expat Information
Topic: April 1st LAN TO SUSPEND FLIGHT OUT OF SFO
Replies: 5
Views: 1660

Re: April 1st LAN TO SUSPEND FLIGHT OUT OF SFO

That's not good news for me. We've been taking these non-stop flights from SFO since they started a few years go. Last year we took a late night flight and landed in Lima in the morning, which was a nice change from arriving at 1:30 a.m. Looks like now we go to back to leaving from LAX, after the o...
by craig
Thu Sep 26, 2013 1:55 pm
Forum: Expat Conversations
Topic: Whoop,Whoop!
Replies: 9
Views: 1192

Re: Whoop,Whoop!

QE will go away... We cannot continue to loan money at 0% interest, not good business. You are right: it is eventual economic suicide. But you are wrong that they will stop doing it. They cannot ever stop because then interest rates would rise. The debt of the US government is so great that even wi...
by craig
Thu Sep 19, 2013 10:12 pm
Forum: Expat Conversations
Topic: NO CAPITAL OUTFLOWS!
Replies: 5
Views: 794

Re: NO CAPITAL OUTFLOWS!

i would really like to know what the hell the government is doing with all its reserves. there are plenty of ways to spend money on improving Peru, still waiting. Perhaps you mistakenly think the reserves are money that the government has saved (from tax revenues or something) and squirreled away. ...
by craig
Thu Sep 19, 2013 9:44 pm
Forum: Expat Conversations
Topic: Whoop,Whoop!
Replies: 9
Views: 1192

Re: Whoop,Whoop!

Fed announces "no change" in QE. The punch bowl is back on the table, may everyone live & prosper! delaying the inevitable? QE will be gradually removed , which means gradual depreciation of the sol. Never happen. QE will never be removed. It cannot be. Regardless of what they say, QE...
by craig
Sun Aug 25, 2013 9:04 pm
Forum: Expat Conversations
Topic: Lucuma -- what do you think about this flavour ?
Replies: 27
Views: 4414

Re: Lucuma -- what do you think about this flavour ?

Lucuma flavor makes the best ice cream ever invented!

Lucuma flavor yogur bebible is great too.
by craig
Sun Jul 21, 2013 12:46 pm
Forum: Expat Information
Topic: Where to buy Gold in Lima
Replies: 14
Views: 6846

Re: Where to buy Gold in Lima

I was curious if anyone knew where to buy gold, at a good (fair) price in Lima? If you want modest quantities of gold in the form of shot, you can buy by the gram at an excellent price (about 1% over spot) by calling this number: 326-4655. This is the sales outlet for two small refineries in the Li...
by craig
Sun Jul 21, 2013 12:32 pm
Forum: Expat Information
Topic: Paying taxes in Peru on money earned abroad
Replies: 11
Views: 2820

Re: Paying taxes in Peru on money earned abroad

I receive all of my income from condominiums that I rent in the United States. I was hoping to qualify for a rentista resident visa, but will the Peruvian government attempt to tax this income since it is not pension income? Rentistas are exempt from any Peruvian taxes on income from foreign source...
by craig
Thu Jul 04, 2013 7:34 am
Forum: Expat Information
Topic: Filing Cabinets?
Replies: 2
Views: 324

Filing Cabinets?

Peruvians, like many Europeans, are accustomed to keep papers filed away in boxes and notebooks on shelves. That is the only sort of filing system I have ever seen available here. Does anyone know any place in Lima where you can buy a filing cabinet?
by craig
Thu Jul 04, 2013 7:25 am
Forum: Expat Information
Topic: Combi controllers
Replies: 17
Views: 2232

Re: Combi controllers

With the exception of Fanning and KWP this thread is almost complete (ignorant gringo) misinformation. Here is an article in English explaining the datero system.

Dateros and Time clocks

It is a free market based way of regulating the private combi transportation system in Lima.

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