Category Archives: Ecuador your new spot to live or retire

Ecuador Visas and Residency Process

Ecuador Residence and Visa:

Obtaining your residency in Ecuador requires you to research and verify the accuracy of all information; also it might require some patience. The information below may be current at the present time but is always subject to change. For more up to date information you would need to contact your local representative of Ecuador Ministry of Foreign Affairs at your local Consulate of Ecuador.

It will be safe to hire a local Attorney if you do not speak Spanish; they will help you understand all the legalities required through the process while overseas or in Ecuador.

You would normally arrive on a Tourist Visa and get a T-3 stamp placed in your passport. This allows you up to 90 days in the country. If you are planning on staying longer than 90 days then seek advice from your local Ecuadorian Consulate. There you can apply for a 12-IX visa, or you could also apply for this visa while you are in Ecuador. Just don’t leave it until too late as these things take time in Ecuador, better get to it in the first 30 days after arriving in Ecuador.

You actually need the 12-IX Visa before you can apply for residency in Ecuador. It is a requirement that needs to be filed along with your residency papers. A resident visa allows you permanent residence and you can still travel outside of Ecuador. One really important issue is that you cannot leave the country for more than 90 days per year in the first two years of your residency; and after that you can only leave for 18 consecutive months while you have the Ecuadorian residency, by then you better apply for the Ecuadorian Citizenship.

There are several different visas that you can obtain and the one of the most used by retirees is the 9-I Pensioner Visa. For more details check the following link to Ecuador Foreign Ministry Office – Pensioner Visa Requirements

If you are considering investing at least $25,000 for one person then you can obtain a 9-II Investor of Real Estate Visa. Now this can be monies put into a CD or property.

Helpful links:

Embassies and Consulates of Ecuador in USA

Embassies and Consulates in CAN

Pensioner or Retirement Visa Requirements

The pensioner visa will entitle you too many of the retirement benefits in Ecuador except the right to vote.

For a 9-I Pensioner Visa, you will need to receive from a stable pension or trust fund a minimum income of $800 US. You will need to add $100 US for each dependent that you bring with you.

Senior Citizens Discounts and Benefits in Ecuador:

Ecuador still remains to be one of the best places in the world for retirees. It is one of the few countries in the world that allows you to enter with an automatic 90 day tourist visa, and it has great benefits for senior citizens.
The pensioner visa will entitle you too many of the retirement benefits in Ecuador except the right to vote.

For a 9-I Pensioner Visa, you will need to receive from a stable pension or trust fund a minimum income of $800 UD. You will need to add $100 UD for each dependent that you bring with you.

Under the 2008 Constitution, senior citizens receive prioritized attention, both in the public and private sectors, especially within the fields of social and economic inclusion. In accordance with Ecuadorian laws, senior citizens are those who are 65 years-old and over. (See Article 36 of the Constitution)

The Ecuadorian government guarantees to senior citizens the following rights:

  • Access to free health care and medication.50% discounts in public and private transportation services.
  • Discounts for special events such as galleries, theater plays and other related arts.
  • Tax exemptions.
  • Exempt from notaries and registration fees, in accordance with the law. (See Article 37 of the Constitution)
  • 50% off electric and water bills.
  • 50% off round trip international flights from Ecuador

Would these benefits/discounts be afforded to everyone, including American Citizenss whether resident or not?
The 2008 Constitution provides no distinction between foreigners and nationals regarding civil rights. However, according to “Ley del Anciano” (Law pertaining Senior Citizens), “the beneficiaries of this Act are those individuals who are 65 years-old or over, whether nationals or foreigners, who are legally established in the country (those who have Ecuadorian residency).”

If there are discounts/benefits, is there some sort of senior citizen’s card that is issued? If so, by whom?
According to the law pertaining Senior Citizens, Ecuadorian senior citizens are only required to present their National I.D. at the entity that provides the discount or benefit (such as a hospital, theater, when getting on a bus). In the case of foreigners, the rule is basically the same- required to present a form of I.D. (such as a passport, Ecuadorian National I.D., Ecuadorian Census card, etc.).

Who is the entity that is in charge of these benefits?
No particular entity, however a branch of government that is dedicated to raise awareness about senior citizens’ rights, among others, is the Ministerio de Inclusión Social y Económica.

Reference: http://ecuador.usembassy.gov/service/living-in-ecuador/senior-citizen-benefits-in-ecuador.html

Feel free to contact me for more references about Living in Ecuador: linalandivar@ecuadorservices.org

 

 

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Luxury Apartments in Olon, Ecuador (Special Promotion)

Olon Beach is one of the favorite stretches of beach along Ecuador’s Coastline. You have 8 miles of beach; also you can be 100 feet into the water and still only be knee deep and no rip tides. This laid-back coastal city sits approximately 195 km north of Guayaquil’s international airport and just 5 minutes from Montanita, another of Ecuador’s most popular beaches.

You can buy your Ocean view Luxury Condo at the best beach location in Ecuador and finance it through construction.
Prices starting from:
Suites: $79,000 US & Apart.: $92,000 US
Apartments highlights:
• Pre-construction SALE
• 2 -3 Total Bedroom(s)
• 21/2 to 3 Total Bath(s)
• Approx. 1950 sq. ft.
• Balcony in each condo
• Luxury finishes
• Appliances included: microwave, stove and refrigerator
• Pre installed ducts for Air Conditioning
• 1 Car Garage
• Infinity Pool and BBQ area on the beach
• Direct beach access
• Building is on a corner lot
• Outdoors Family Area
• Landscaped Garden
• Building Security
• Fabulous Ocean View

Our financing will be for the 60% of the total price, which will be divided in the following forms of payments:

FINANCING 60%
1. 20% at the purchase/sale contract.
2. 40% in quotas during construction period.

The project is held in escrow during the pre-construction phase by the selected title company, which is an insured account that holds your funds until construction starts.

SPECIAL ONE TIME PROMOTION: Inquiries at linalandivar@ecuadorservices.org

 

 

Watch “All you need is Ecuador #AllYouNeedIsEcuador” on YouTube

Discover a natural moment in the South of Ecuador – Ecuador Travel

Travel to Ecuador - Forest the Guayacan

Bloom with intensity and yellow brilliance demonstrating the magic of Mother Nature.

Since the dawn of time, Ecuador has been related to nature.  When you travel around Ecuador you will find an abundance of butterflies, gathering of fishes or this amazing tree called Guayacan.  At the South end of the country, you will find 5,000 square foot of an incredible natural setting for this tree, “Los Bosques de Guayacan” a forest that is still intact. Next to this wonder of nature, you will find so many different areas that are full of wildlife, botanical plants and exotic trees, so many species that have not yet been discovered by modern scientists.

Guayacan, a tree that stands out at in Ecuador due to its stunning beauty. The botanical name is Tabebuia guayacan (Bignoniaceae). You would find it everywhere in Ecuador, but especially appreciate all its flowering beauty at this untouched forest site located at this small touristic town Mangahurco in the Province of Loja.

Many flowers appear on still leafless stems at the end of the dry season, making the floral display more conspicuous. The Guayacan Tree usually produces big yellow flowers by end of January with the first rains at the end of the dry season. It is a notable flowering tree. The flowers are 1 to 4 inches wide and are produced in dense clusters. Corolla colors vary between species ranging from white, light pink, yellow, lavender, magenta, or red. They are useful as honey plants for bees, and are popular with certain hummingbirds.

The Guayacan is not only beautiful but also offers relief for several health problems. Tea made from the flowers treats urine and kidney trouble. The flower tea has also been used to treat tuberculosis in Latin America.

Promoting touristic sites of this tree in Ecuador will help so much to prevent deforestation of this species. Guayacan’s wood has high local commercial demand, reason why Guayacan deforestation needs to be managed and control. If locals are able to obtain an income from touristic harmless resources like this one, changes will happen through time, and we will see less damage down to Mother Nature.

Here I leave you with a promotional video from the Secretary of Tourism from Ecuador – Ecuador Travel

Discover in this next video Guayacan Forests, music and folklore from Ecuador – Location: Zapotillo, Province of Loja, Ecuador

Touristic Bio diverse site: Forest of Guayacan – Location: Mangahurco, Loja, Ecuador

Ecuador, a great touristic destination!

Ecuadorians are really warm and welcoming people, and the new Ministerio de Turismo del Ecuador (The Secretary of Tourism)  is working towards providing all the resources for locals to start resourcing tourism as new income revenue.

Ecuador Travel and Tourism plan is to aim for the intangible elements of the global tourism service industry, those major intangible elements are related to the purpose or motivation of becoming a tourist, rest and relaxation, the opportunity to meet new people and experience other cultures, or simply to do something different and have an adventure. For sure Ecuador Natural Resources and travel services will be able to satisfy all your desires.

I will introduce you to a new promotional video created by this public office, it really shows Ecuador’s culture and natural beauty…. hope you enjoy it and have a chance to get a closer look of Ecuador.

Welcome to visit Coastal Ecuador soon!!!

New Lots for Sale in the countryside close to the beach, 30km to the ocean!

Golf & Club Resort in Coastal Ecuador, La Peninsula

New golf course development in Coastal Ecuador is taking into account environmental factors and seeking to be amongst the most Eco-friendly in the world.

The developers will open the first 18-hole championship level golf course in Coastal Ecuador by January 2016.

Located in the scenic Coastal Location of Ecuador, the 1500-acre development is the newest and most exclusive residential resort community in Latin America and has been designed to protect the indigenous flora and wildlife of the area.

The layout encompasses woodlands, meadow lands, ridge lines and riparian valleys coupled with dramatic elevation changes making for a signature golf experience. The developer’s goal is to create a course that blended seamlessly into the unique topography of the land, they sincerely believe in creating one of the most visually stunning courses in all of Central and South America.

This peninsula location is one of the most desirable destinations in Ecuador for those who seek to retire comfortably or invest in a vacation home in increasingly popular Latin America, this location is internationally acclaim as the one of the best micro climates in the world.

International climate experts have section Ecuador Coastal Region in three:

1.      The tropical wet forest of the north – Esmeralda, Bahia, Manta

2.      The tropical savannas of the centre and southeast – Manta, Puerto Cayo, Olon

3.      The dry forest of the west and southern peninsula – Salinas, Anconcito, Playas

This Golf Club Villa development seats right on the peninsula, therefore: ‘The wonderful year round climate and scenic beauty of the region will be a perfect location for an active lifestyle that can include championship golf, hiking, birding, mountain biking and rafting, as well as many other activities.

It is one of the fastest growing retirement and tourism destinations in the country due to its lush vegetation, vibrant population of rare birds and the hiking opportunities. It is also an Eco-tourism destination.

Ecuador’s Coastal Peninsula has been a claim internationally as one of the top destinations to buy a property because of its infrastructure, business services, medical care and telecommunications combined with a desirable but affordable standard of living, some of the finest ecotourism in the world, bird-watching, scores of exotic beaches and islands, snorkeling, diving, sport fishing, white water rafting, rock climbing, fine restaurants, and a multitude of historical sites.

Request all details: info@ecuadorservices.org

 

Ecuador living and Health Care – The city you choose to live has a lot to do with the quality of care you receive.

International Living–Health Care Abroad: Excellent and Affordable

youtube.comhttp://www.internationalliving.com Health care in many countries around the world is excellent and affordable, with prices that are a fraction of what you’d pay in …

Although quality health care is available throughout Ecuador, you must keep in mind that many services may not be available in rural areas and the quality of health care may not be as good as in larger towns or cities.

Most expats and Ecuador living websites will tell you that Ecuador’s best medical services are offered in Quito, Cuenca, and Guayaquil. I will leave it up to you to agree on that, in the mean time, I will just let you know what locals do and I pretty much follow it.

It is common practice for doctors in other parts of Ecuador to refer seriously ill patients to hospitals and doctors in Guayaquil. In Guayaquil you will find high quality, low cost health care, but as anywhere else in the world finding it requires some due diligence and common sense.

We may consider Ecuador as a developing country; the truth is that you can get first-rate medical care here. Guayaquil holds the most progressive and open society, it is the largest and most service demanding local city, therefore, you will find that most local professionals are well educated and up to date on their specialties. Many doctors are educated in the U.S., Europe, Argentina, Chile, and Cuba, and receive continuing ed training around the world.

With the right choices, you will receive personal attention from medical practitioners not seen the U.S. And, you’ll pay some of the lowest prices in the world. In general, you can except to pay 10% to 25% of what you would in the U.S. for comparable services. For major surgery, involving longer periods of hospitalization, costs were even less than 10% of those in the U.S.

Health insurance is a bargain in Ecuador. A 55 year old man in the U.S. would pay a monthly premium of $1,100; in Ecuador he pays $86. A woman, age 50 to 60, would pay $77 for the same policy in Ecuador while coverage for a dependent child, between 2 and 17 years-of-age, costs $15.69 a month.

I will advise you to check local insurers since they all have their own policies that will apply. As in the U.S., the policies of major insurers consider pre-existing conditions and require that you sign-up for coverage before you reach the age of 70 (some companies require sign-up by age 65).

Some expats do not opt to take on any health insurance since per services are not expensive. That will be your decision to make depending on your budget and risk factor. Keep in mind that U.S. Medicare will not provide coverage out of the country.

One extra option could be alternative health care in Ecuador. On per capita basis, Ecuadorians use alternative services much more frequently than North Americans or Europeans. You will find well established practitioners of homeopathic and naturopathic medicine in Guayaquil by the Coast of Ecuador.

Montanita Ecuador Surfers town!

You will find a large stretch of beach that will make any beach comer happy tip to toe, it has eight miles of wonderful sandy beach just waiting to be explored. If you want to play in those waves, you will find the best options, this is based on experts advice.

Montanita’s beach has a gradual sloping sandy bottom that lets you walk out over 100 yards before being up to your chest in water and no riptide. Grab your boogie board, surf board or just romp in the waves.

Spanish saying: en el mar la vida es mas sabrosa!

Meaning: by the ocean, life is wonderful!

Along these southern coastal beaches the best weather is from mid-December through May here.  This time of the year is also local’s high beach season, since you get must sunny days and temps between 75 and 85.

Water temperature is also great, you could spend over 4 hour in the water with no wet suit.

For the rest of the year from the end of May till November you have more overcast days, my personal experience is that you hardly see the sun, there is no rain, just cloudy, damp and windy and lower temperatures.

After living in Canada, I could not complain of overcast weather, my best option at that time of the year, it is to go to Playas de Villamil that is an hour drive from Guayaquil, and I get sunshine all year round whit one of the best climates in the planet.

Which it is great about Ecuador is the option to travel from the city to the beach and back to the highland in a couple of hour driving time…. Remember there are no severe weather patterns for the coast of Ecuador!

 

SUNSET by the beach of ECUADOR – Ruta del Sol, Coastal Ecuador

( Feb. 2013)

“Ponte once” beat the crowd! Before boomers start moving to Ecuador.

There is nothing unusual about the time 11:11 or the date 11/11/11, but our brains can’t help noticing the repeating digits, and seeing them as meaningful.

So while getting all this text messages about the great positive energies I was going to get at 11:11 am today the 11th of November 2011, my thoughts related this to a cute little Ecuadorian urban phrase “ponte once”, its literal translations is “ponte = put, once = eleven”, now the expressions real  meaning is “be aware”.

On one side, I thought it will be good to learn a cute local Spanish phrase on my blog,  but than,  I realized how realistic this phrase would apply to the hall world today.

Ponte once – our reality check should be to hurry to Ecuador and beat the crowd!

If you’re at all interested on Ecuador, I’d suggest you get a move-on. The mainstream media is taking note of the tremendous values this country offers.

Lately we are seeing a lot more information about this little tropical country. Most travel, retirement or living overseas websites have picked Ecuador as one of their top “biggest-value buzz-worthy” destinations. As they rightly point out, Ecuador is “under appreciated.” Not for long, we suspect.

Map showing ecuadorean territorial claims on P...

Image via Wikipedia

Now is the precise moment to invest in Ecuador just before the avalanche of baby boomers start searching for new locations where they could afford to live on their pension funds.

Beginning January 1st, 2011 every single day more than 10,000 Baby Boomers will reach the age of 65.  That is going to keep happening every single day for the next 19 years.

What is so appealing about Ecuador? Your dollar will go further than other overseas retirement destinations. Locally people in Ecuador are hoping to keep the rate of inflation low in the long run. In places like Costa Rica or Dominican Republic, the real price-pushers were the expats retirees who focused on beachfront areas closer to their homeland.

Today Ecuador is very accessible from the U.S. — you can fly direct from both Quito and Guayaquil to Miami, Atlanta, Houston, New York, and Atlanta.  Ecuador is an amazing, peaceful place with beautiful beaches, warm weather and really inexpensive beachfront bargains.

I will list some real facts to consider before making Ecuador your next overseas option.

Real Estate and property search:

  • Coastal properties found at bargain basement prices, since Ecuadorians don’t value beach houses the same way that Americans do.  They like to go to the beach twice a year during school breaks, stay in nice hotels, party and then go home to their big cities.
  • Real estate prices in Ecuador have risen slowly since 2000. This almost dormant market may be attributed to the government switched to the American dollar as their currency in that year. My experience from mainly working with local experts has been that prices have stayed the same in recent years with the exception of select areas.
  • House and condo rental rates are so cheap in Ecuador, it would be totally feasible to enjoy Ecuador without investing anything apart from your monthly expenses, thus reducing your investment risk dramatically.
  • Coastal Ecuador is completely out of hurricane paths, and also this is your best option if you’ve ever wanted to walk away from long, bitterly cold winters and brutally hot summers.
  • Foreigners could own property in Ecuador. You can buy directly from local property owners with nothing stopping you to do so. Search local real estate agents, preferably in person. Ask about their career background and their Ecuadorian real estate practices.
  • Purchasing costs are low, hire a well informed Ecuadorian attorney that handles contracts, title searches and visas, one that does it all. There sales commission is only paid by the seller.
  • Right now in the Ecuadorian market that commission on Real Estate goes around 3%.
  • Ecuador has one of the lowest investment requirements to obtain a residency visa of any country I’ve investigated. One way to qualify is to purchase a property valued at $27,000 or more.

Be aware of the following:

  • Mostly there are no licensed realtors and there is NO MLS or other listing agencies to help you on your property search.
  • Real Estate Agents are not licensed professionals in Ecuador, since there is no recognized national authority that governs the licensing process, set guidelines or handles complaints for the licensed agents. It is not likely to change any time soon.
  • There is no Multiple Listing Service; it is almost impossible to get online information for Real Estate in Ecuador, what you get mostly expats and gringos selling online. Just be careful, do your homework as there are many that will prey on an unsuspecting foreigner.
  • You do not need to search out an “English” speaking real estate agent. I think a better course of action would be to seek out a trusted local that will help you with the language so you can deal with Spanish speaking owners directly.
  • The increased exposure will push and turn Ecuador in to the next hotspot on the world´s beachfront real estate scene.
  • Places a long the coast still lack basic infrastructure, especially for retired expats, like good access roads and some basic services. You could get by with wireless internet, bottle water, fresh fish and market stocks.
  • The opportunity for rapid growth is due to a limited supply of property land.  The Ecuadorian coast is not that big and large sections of it are uninhabitable due to national parks or swamps.
  • In Ecuador, like most of Latin America, if the land is not in use, someone else could come “squat” on it, build, and claim it as their own.  It doesn’t matter if it is legal or not, it happens.  If you buy land, start building on it immediately.
  • Try to be present when constructing your house if possible.  If you are not around, you may have delays and cost overruns.  It is a fact in Ecuador that many construction workers will steal materials and slack off if you are not around to apply a little pressure and enforce the deadlines.

Next post will be on purchasing costs and the real cost of living depending on where you want to live in Ecuador. Also some other details that I may have missed out today.

Smile!!!! We found your new sunshine hub.

Guayaquil, the largest city of Ecuador
Image via Wikipedia
Ecuadorian ceviche, made of shrimp, lemon and ...

Image via Wikipedia

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