PERU has approved a legislative amendment to make a citizenship scheme more attractive to people seeking a second passport, especially those from Hongkong and other parts of Asia.
The amendment was passed last month to allow exemption from the requirement to stay in Peru for two years before applicants are naturalised.
The head of a family has to put down US$25,000 (HK$193,125) and each immediate family member US$2,000 for the passports, and they will have to pass screening tests.
Peru maintained the move was necessary to revitalise the country's economy and pacify internal unrest.
They were also offering an extra measure of security for Hongkong people who were still uncertain about their future, said Mr Victor Joy Way, a congressman who promotes the plan.