“I’m very excited to extend my partnership with the team for the next three years,” Perez said.
“I’ve been working together with this group of people for a long time now and they have become my second family. Together we have enjoyed a tremendous amount of success and we share the same passion for racing.
“I have been impressed with the direction the team has taken over the last 12 months and that gives me confidence for the future. I believe the best times are still to come and I look forward to celebrating plenty of podiums in the years ahead.”
He has established himself as one of the most desirable drivers in the F1 midfield because of the combination of his financial backing from Mexico and strong performances.
Perez and Racing Point have also had a difficult season so far as a legacy of the Force India financial complications last year that were only resolved in August. The Mexican is currently 16th in the drivers’ standings, with 13 points to his name.
However, Perez has talked positively about the potential of the Racing Point project and the plans its owners have, like the construction of an all-new development facility.
Both parties had intimated a deal was close, and it has now been confirmed on the eve of the Belgian Grand Prix.
“We know Sergio very well and it’s great to confirm him on a long-term deal,” said team principal Otmar Szafnauer.
“Over the last six years we have seen him become a very complete driver with excellent qualifying speed and exceptional race craft.
“Sergio believes in the long-term vision of this project and getting his commitment until the end of 2022 gives us valuable consistency going forward. As the team continues to grow and develop it’s important to have a driver with Sergio’s level of experience, especially with new regulations on the horizon.
“The whole team is thrilled to continue working with Sergio and I believe we can enjoy great success together in the coming years.”