Keep in mind that they are in Spanish. Tradition and folklore is still very much alive amongst the approximately 13 million inhabitants. An excellent Cuenca Real Estate Attorney is also a very wise idea if you’re looking into Buying Property in Ecuador.. Loja. It is Ecuador’s 4th largest city, with a population of around 300,000 people. Other resident visa options are the following: For specialist treatment, you will need to go to one of the private hospitals in Quito, Guayaquil or Cuenca, as doctors and clinics in smaller towns and rural areas only provide basic medical services. It’s always important to do your research no matter where you’re thinking of retiring. After 21-months can apply for permanent residency . Seniors aged 65 and up can take advantage of many discounts in Ecuador, even if they’re foreigners. Ecuador regularly shows up on those “Best Places to Retire Abroad” lists. Cuenca’s infrastructure is some of the best in all of Ecuador. The visa fee is $350. International Living named Ecuador its No. You’ll still generally pay around 10% to 25% of the cost of health insurance in the US, and medications are quite commonly 90% cheaper than in the US. If you’re looking for culture and entertainment, you’ll find quite an assortment in Quito. These bureaucratic processes often take a while, so it’s important to do all the research and preparation before moving, and understand all the steps you’ll have to take once you arrive in Ecuador so that you don’t miss any deadlines. It’s a UNESCO World Heritage Site, and has a general population of around 350,000. Ecuador Visa, Overstay Visa Ecuador, Ecuador Visas, Cuenca Containers, Ecuador Visa Extension, Ecuador Visa Overstay Penalty, Ecuador Visa Pros, Rentista Visa, Ecuador Containers, Visa Pros Ecuador, Ecuador ID Card, Requirements for Retirement Residency In Ecuador 2018, Ecuador Temporary Residency Visa, Ecuador Visa Types, Leaving Ecuador with an Expired Visa. What Are the Risks of Buying Property in Dubai? You can qualify for an extension by proving a balance of at least $1,125 and having travelers’ … You can import your household goods duty free within 6 months after obtaining residency. Ecuador’s constitution guarantees foreign residents the same rights as their citizens, so you can enjoy the same benefits as locals. Interesting choice to move back to Canada. Ecuador Work Visa. Premiums are very affordable: just around $75 per month as of the published date of this article, plus only $13 more per month to include coverage for a spouse or other dependents (i.e. Virtually everything is much cheaper in Ecuador (with the sole exception generally being for appliances and electronics), so you may be able to take your lifestyle up a couple notches and afford housekeeping or even a vacation home (or at least vacations at that). Within these are documented the various experiences of the pitfalls in the visa game. Ecuador regularly shows up on those “Best Places to Retire Abroad” lists. Transportation to government offices. In Cuenca, the monthly budget for a couple renting an … Temperatures are moderate, with typical highs in the lower 70s and lows in the lower 50s year round (naturally being in Fahrenheit, such that the temperature range is often similar to San Diego, CA in that respect). We are considering a semi retirement in Ecuador and would like to bend your ear on your perspectives. Employment contract with the public/ private company. From dusty, noisy animal markets and craft markets to sterile, glossy malls, there is something for everyone here. You’ll need to demonstrate either a minimum income of at least $800 per month from Social Security or another form of pension, plus you’ll also need an additional $100 per each familial dependent whom will also move to Ecuador attached to you. I have the requirements, for the 9-1 Visa (retirement), the 9-II (Investors Visa) It has a small expat community. Your money in Ecuador (that being the US Dollar) can buy much more than elsewhere, and depending on your situation, you may even be able to afford things outside of your capabilities in your home country. Retirees generally apply for a Pensioner Visa in Ecuador (a.k.a. This lesser-known city in southern Ecuador is known for its music scene. Other activities include rain forest trekking, volcano hiking, whitewater rafting, horseback riding and of course the typical water activities like surfing, snorkeling and scuba diving along the 1400 miles of coast line.eval(ez_write_tag([[250,250],'retirepedia_com-leader-1','ezslot_6',124,'0','0'])); Music and dance festivals are also big in Ecuador. Best Places to Retire in Ecuador - A Guide to Retirement. Ecuador has a lot to offer: scenic environments, beautiful weather, and a low cost of living. The official currency in Ecuador is again the US dollar, so exchange rates are never an issue. Ecuador’s location on the equator means a moderate climate and 12 hours of daylight year-round. The Foreign Pension or Retirement Visa requires proof of your monthly retirement income of no less than $800, plus an additional $100 for each family member. If you choose not to participate in the government’s health care system, you do have the option to purchase private health insurance, as long as you qualify. You may experience altitude sickness (which can appear as mild flu-like symptoms), until you adjust in some days to weeks at most usually for generally healthy individuals. Retirees considering settling in Ecuador can generally do so on less than $20,000 per year. Show a balance of at least $1,125 US in your bank account, Have either International medical insurance or travelers insurance. You’ll also do well to have a sense of adventure, and a willingness to go with the flow if you decide to retire in Ecuador. It’s also home to the Mariscal La Mar International Airport, making travel convenient. During this trip you will visit the main areas in the Andean region of the country that are ideal to retire in. There are places in the country without well-developed infrastructure, and in certain areas, you may need to take additional precautions with water to avoid getting sick. Or that you can tell from the dress where a man or woman is coming from, as each region has a distinctive dress code? Can leave up to 90 days each year. It is one of the few countries where you can receive a 90-day tourist visa upon entry for any nationality with a valid passport. You first need to get a temporary residency, which is valid for 2 years and can be renewed once. Government fees $450 *$200 discount over 65. Daily Life in Ecuador. Like many other cities in Ecuador, the weather is moderate year-round and has lots of beautiful Spanish architecture. If you’re 65 or older and looking for an incentive to retire overseas, take a look at what Ecuador can offer you. Made from the Carludovica Palmata plant growing in Guayaquil, a good quality hat can be rolled up and springs back into shape. Requirements for a pensioner’s visa are similar between the two ($1000 per month income in Panama versus $800 in Ecuador). To find good multi-lingual Ecuador doctors, you can either ask around in the expat communities or get the lists of recommended doctors from the British, American or German embassies. You can relax on beautiful Pacific coast beaches, hike the Andes mountain ranges, and explore rainforests and islands. Some areas may be considered dangerous, but that’s not true of the city as a whole. To qualify for the extension (called a 12-IX tourist visa) you must: You can only apply for the 90 day extension once in a period of 365 days.eval(ez_write_tag([[300,250],'retirepedia_com-medrectangle-3','ezslot_1',104,'0','0'])); If you want to retire in Ecuador, your best bet is to hire an experienced Ecuadorian immigration attorney to help you navigate the red tape and frequently changing rules for obtaining permanent residency. Contrary to the old law, you can’t apply directly for permanent residency any more. How to retire in Ecuador: learn about cost of living,traveling thecountry with public transport, Internet availability and the Ecuadorclimate. Expats have settled in a wide number of cities and towns across Ecuador. It’s also possible to hire in-home care if necessary, especially in Cuenca. … Most importantly, all first time consultations with Expats for any type Visa or Legal matter(s) are always FREE OF CHARGE. The low prices in Ecuador are a big attraction for expat retirees. There are at least six types of permanent residency visas in Ecuador. However, preparing the required documentation can still be a daunting task to anyone planning to retire in Ecuador. Ecuador reportedly offers high-quality health care at a fraction of the cost in … Before you retire in Ecuador, learn about Cost of Living * Climate * Infrastructure & Internet Access, Before you retire in Ecuador, get the facts about Education & Schools * Safety * Real Estate, Ministerio de Relaciones Exteriores y Movilidad Humana, What Is A Fideicomiso? Ecuador has has become a popular place for U.S. and Canadian retirees, based on its very low cost of living and warm weather. Health insurance is very affordable too, especially if you choose one of the Ecuadorian providers like Salud, S.A. or Humana, S.A. Income requirements for a Non Lucrative Visa are a relatively low ~$30,453/€25,816 annually, plus ~$7,613/€6,454 per each additional family member. Sara has a less than 24 hour first response policy, in that if you email or call her, she WILL return your first email or first phone call in less than 24 hours (more typically in closer to 24 minutes). The Ecuador people are a mixture of 65% Mestizo (mix between indigenous population and Spanish conquerors), 25% indigenous Amerindian, 7% Spanish and 3% Black. In fact, even if you have enough saved to retire in an expensive place, you may be feeling adventurous and interested in living somewhere new, regardless. Buying Real Estate in Mexico, Cost Of Living In Indonesia: Housing, Food, Transportation Costs, 12 Reasons NOT to Live In Panama City, Panama. Ecuador is considered one of the best places for retirement (and general living) in the world, each year being ranked in the top 5 countries (often taking the #1 spot) for the past now 10 consecutive years and counting. You must prove that your monthly income is at least $800 from a reliable source to secure a 9-I Ecuador retirement visa. A great source for some more facts is Nicholas Crowder’s book “100 Points to Consider Before Moving or Retiring in Ecuador”, which has an American’s perspective on the country. Ecuador is a small country, about the size of Arizona. If you’re wondering how much of your pension or annuity income you’ll need, you’ll generally be able to survive on less than $1,200 to $1,400 per month. If you can prove a monthly income of $900 from a stable pension, like Social Security, they would like you to spend your money in Ecuador. Healthy Lifestyle Options. The city has a large shopping mall (plus several other small to medium sized malls), four universities with international students, and there are well more than a dozen hospitals in Cuenca to choose from. Recently, the process has been streamlined and people can now apply online. Assuming a 4% Safe Withdrawal Rate (SWR), you can move to Spain with a retirement nest egg of roughly $722,125. Expats from the US and other countries don’t ever pay Ecuadorian income taxes on their Social Security or pension(s), nor on any other income that is earned or received outside of Ecuador in any capacity. 4 country for the past two … Besides that, there are other still options for foreigners to move to Ecuador, such as on a Professional Visa based on their University Degree (especially for Degrees earned in the US, Canada, Europe and Australia), the Amparo Visa in the case that the foreigner married/marries an Ecuadorian Citizen or preexisting Ecuadorian Resident, in addition to several other forms of Residency options and Tourist Visa Extensions, beyond the 90 day automatically received Tourist Visa that is granted to the vast majority of foreigners immediately upon their arrival to Ecuador (that not however being the case for persons from countries such as Afghanistan, Bangladesh, Nigeria, Pakistan, Somalia and certain others). Ecuador Retirement Visa or Ecuador Pensionado Visa), in order to obtain their residency in the country. It is also big on tourism and has a chemical industry. Bahia de Caraquez is a popular vacation town on the coast, and the small towns of Cotacachi and Vilcabamba have a lot to offer as well. If you prefer to buy rather than rent, a reasonably sized property can cost anywhere from $75,000 to $150,000 and up. After the two years, you are free to leave the country for longer. Notarize documents in Ecuador. How to retire in Ecuador: from becoming a resident to enjoying Ecuador's culture and its high quality, low-cost health care. Naturally, as with moving to any country, it’s a bit of process to relocate to Ecuador, and so you’ll be well served and do yourself a favor to work with a competent and well-recommended Ecuadorian Immigration Attorney. However Ecuador offers very few incentives for retirees. But the requirements are very simple. Living in Ecuador, expect very good health care This income can be generated from investments in countries other than Ecuador or from social Security, a prior Public Employer or past Private Employer. You can learn more about living in Ecuador generally, and Cuenca particularly, at the website GringosAbroad.com, created by Canadian expats Bryan and Dena Haines. “Great care with a personal touch”, that is how expats often describe their experiences with Ecuador doctors and hospitals. According to the 2001 census, Manta had a population of 192,322 people and its main activity was tuna fishing. Still, in any case you won’t pay much for transportation, because you can walk easily in most parts of the city, plus buses and cabs are very inexpensive. You always have the option of paying for private health care, but as a legal resident of Ecuador, you’ll qualify for public health insurance. Panama, on the other hand, boasts a long list of discounts for those who qualify for its pensioners program. If you are into arts and crafts, you will find a wealth of hand crafted goods, especially at the markets of Otavalo or Salcedo. The country’s adoption of the U.S. dollar, along with its low cost of living, also affords expatriates many … Living in Ecuador. Certain expats may resonate with Quito because it’s a large city. Annually, rainfall is about 28 inches. The two most relevant for retirees are: Once you have your residency visa, you need to stay in Ecuador for at least 9 months per year, for the first two years. Ecuador Retirement Visa. Ecuador Citizenship & Naturalization Service, Dental, Medical & Health Insurance Referrals. You’ll need to demonstrate either a minimum income of at least $800 per month from Social Security or another form of pension, plus you’ll also need an additional $100 per each familial dependent whom will also move to Ecuador attached to you. How to retire in Ecuador: from becoming a resident to enjoying Ecuador’s culture and its high quality, low-cost health care. There are also direct flights to the US, which is great if you’ll be visiting home frequently: it’s only four hours to Miami, and you can get flights straight to Houston, Atlanta, and New York as well. Europeans, Canadians and Americans can apply for a 90 day extension of the tourist visa whilst being in the country. To call from the US or Canada, dial 1-800-655-1581. Popular items are weavings, woodcarvings, painted ornaments made of bread dough, dress pins, leather goods and textiles.eval(ez_write_tag([[300,250],'retirepedia_com-large-leaderboard-2','ezslot_3',107,'0','0'])); Shopping is a mixed experience in Ecuador. Low-Cost Medical Care. 3. –– And so, whether you’re wanting to learn about an Ecuador Retirement Visa for US Citizens (i.e. How Much Does it Cost to Retire in Ecuador. Why so many Persons & Retirees Have Fallen in Love with Ecuador. You must provide normal documents such as birth certificates and marriage certificates if you decide to live or retire in Ecuador. One estimate has between 5,000 - 10,000 American expats here, most of them attracted by the low cost of living. Property taxes are low, and Seniors aged 65 and up often receive discounts on their property tax as well. There are about 8,000 Americans calling Cuenca home, as well as around 12,000 international expats, and growing as per both Expat population segments. Schenck also reported spending less than $800 a month. Written by Sara Chaca, Attorney – Abogada. Various sources put the annual cost of living in Ecuador somewhere between $12,000 and $24,000 (i.e. Furthermore, with the mild climate, heating and cooling costs are low or even non-existent (think cities such as Cuenca, Cotacachi and Vilcabamba). There are many financial advantages that come with moving to Ecuador, especially for retirees. Note: $1,450 Adult dependents, $750 children under 18 Ecuador Retirement Visa or Ecuador Pensionado Visa), in order to obtain their residency in the country. It’s easy to maintain a healthy lifestyle in Ecuador, with the ripe availability … Whether you’re planning for your retirement or just planning for a nice life ahead, you may very well consider moving abroad, so that your money stretches further. If you have more money available, you can even gift yourself a lifestyle upgrade. If you’re on a very limited budget, your money will go much farther in Ecuador, and you’ll be able to maintain a comfortable lifestyle. In Ecuador, as in many other places around the world, getting residency in a new country can be frustrating. — Ecuador Channel at www.ecuador.com. Pro-Ecuador.com features a few example policies for health insurance in Ecuador on their site, which will give you a good idea of prices and coverage.eval(ez_write_tag([[728,90],'retirepedia_com-banner-1','ezslot_4',106,'0','0'])); In February 2017 Ecuador passed a new immigration law (“Ley de Movilidad Humana”). Ecuador is famous for its whale watching and bird watching opportunities. $1,000 – $2,000 per month for comfortable Expat living): in any case, it’s vastly lower than the cost of living in the US, Canada, Europe and Australia. Only citizens of the following 11 countries need to apply for a visa prior to their entry: Afghanistan, Bangladesh, Eritrea, Ethiopia, Kenya, Nepal, Nigeria, Pakistan, Somalia, Senegal and Cuba. The requirements to retire in Ecuador are minimal. Alternatively, if you invest approximately $40,000 into a Bank Certificate of Deposit OR in any Real Estate Property in Ecuador (plus an additional $500 per each familial dependent who will be moving to Ecuador), then you can qualify for an Investor Visa in Ecuador (a.k.a. Cuenca is great for expats, reported San Diego native Susan Schenck, who moved there in 2010. Choosing an ideal country is one thing – settling into daily life and being happy … If you’re interested in spending your days exploring the attractions, streets and nooks of a new city, admiring the Spanish colonial architecture as well as the beauty of the Andes mountains, and aren’t daunted by dealing with cultural differences, then Ecuador may be an ideal destination for your retirement. If anyone wants the requirements for the particular visas, let me know. It’s located on the northwest coast of South America. Apartments are available for rent from $400 a month. Plus, organic produce costs a fraction of even conventional produce in the US. Many expats will tell you that they definitely made the right choice and are loving their new lives in this beautiful and vibrant country. It’s possible to manage day-to-day without knowing much Spanish, but it’s also very easy to find a place to learn, as there are language schools throughout the city, and adding at least some basic Spanish to your vocabulary will definitely enhance your experience, so that you can more easily interact with the locals. Ecuador's infrastructure has improved significantly over the past … Public or private health insurance sign up. Registration certificate from Ecuadorian ministry. And the Ecuadorian Constitution actually guarantees those rights. How Much Does It Cost To Retire In Ecuador? Retirees generally apply for a Pensioner Visa in Ecuador (a.k.a. Seniors also get this discount on public transit and sporting event tickets, and receive refunds of part of the country’s 12% sales tax on goods and services (known as “IVA”). Make sure to add another $100 per dependent. Quito is the capital of Ecuador and is the second-largest city in the country, with a population of nearly 2.7 million. These include 50% discounts on public services such as phone service, electricity and water. House calls are still common, yet will set you back only $20 to $25. Learning to relax is a vital aspect of life in Ecuador, whether you’re living in a major city or a smaller town. After you’ve been in the country with a temporary residency for at least 21 months, you can apply for permanent residency. Some people have a hard time adjusting to the slower pace of life in Ecuador. Both the cost of day-to-day living and real estate are far cheaper than in the United States. Did you know that besides Spanish, there are ten native languages spoken in Ecuador? 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