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Ecuador Visas – Visa and Immigration Information

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Ecuador Visas – Visa and Immigration Information

Immigration requirements frequently change. Page last updated: Tuesday, April 19th, 2011

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This information is provided by Grace Velastegui of Idrovo & Velastegui Attorneys at Law located in Cuenca, Ecuador. Visit their page to learn more about them, or ask a question.

In recent years there has been an influx of immigration to Ecuador.  Many foreigners are finding the relatively low cost of living and mild climate, especially in the Sierra Cities of Cuenca, Loja and Vilcabamba, to be most inviting.

To help those who are interested in making the move to Ecuador we are providing the following information on some of the residency options that are currently available:

  1. Visa 9-I Pensioner’s Visa – For this visa you have to justify a monthly income of at least $800 for one person and $100 more per dependent, if you are coming with your family.  The income that you will receive monthly has to be proved with a certification from the entity that will pay you the income such as Social Security.
  2. Visa 9-II Real Estate Investor’s Visa – In this case you would have to buy property in Ecuador and register it in your name for a minimum price of $25,000 and $500 more per dependent.
  3. Visa 9-II Certificate of Deposit – You can apply for the second type of 9-II by investing in a Certificate of Deposit in a private bank in Ecuador and leaving the CD in the custody of the Central Bank of Ecuador. The required amount is $25,000 plus $500 per dependent. You will receive the interest, but you can’t withdraw the money until you decide to leave the country or change your status.
  4. Legal Representative, Work Visa or Religious Visa
  5. You can establish a legally registered company here in Ecuador and file the appropriate taxes for the company.  You will need to hire employees that will be enrolled in the Social Security system of Ecuador. You are allowed to bring dependents with this type of residency visa i.e. wife and children. There are different requirements depending on the type of company you chose.

You should be aware that in the first two years of residency you can only leave the country for 90 days in each year.

This information is provided by Grace Velastegui of Idrovo & Velastegui Attorneys at Law located in Cuenca, Ecuador. Visit their page to learn more about them, or ask a question.

{ 2 comments… add one }

  • Don Hazzard April 5, 2014, 10:25 pm

    I currently own two properties in my name in Ecuador and am closing another this month. The first two were purchased for 75k &120k in my nameThe third for 155k. Is it necessary for the third property to be in my wife’s name so she could get residency as well as a real estate investor.? Thank you for your help.
    Best regards,
    Don Hazzard

    Reply
  • Linda Hoffman October 16, 2013, 9:26 pm

    I am currently in California,
    I AM impressed with your country leaders, and many things about Ecuador in general
    i am interested in residency in Ecuador
    Would you be able to assist me?
    Must I be in Ecuador to move forward with this?
    Can you assist or refer someone for a property rental?
    Thank you
    Linda

    Reply

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