Permanent residency for Ecuador

Interested persons may apply for permanent residence in Ecuador after 21 months of receiving a temporary residence permit and before it is completed.

Foreigners who married or legally got engaged a de-facto union with an Ecuadorian person are also allowed to apply without any previous visa requirement.

Citizenship for Ecuador:

The application for Ecuadorian Citizenship has to be applied at Ministry of Immigration at Cuenca or Guayaquil or Quito. You also should consider that the process for grant of citizenship for Ecuador is taking at least 6 months – 12 months.

Required documents for citizenship for Ecuador:

• A Birth Certificate with Apostille issued from your state or country of birth.
• Your foreign issued Passport which will not expire for a minimum of 12 months from the time you apply for your Ecuadorian Citizenship.
• Your Ecuadorian Cedula.
• Index Card from Registro Civil for citizenship of Ecuador.
• Certificate of agreement with obligations in SRI of Ecuador.
• Certificate of compliance with responsibilities in the Municipality of Cuenca or another city in Ecuador that you live in now to apply for citizenship for Ecuador.
• Certificate of compliance with obligations in IESS of Ecuador which is newly issued for citizenship for Ecuador.
• Certificate of criminal record (BOTH places as follows) which is newly issued by competent authorities.
• Newly issued Certificate of Background Check(s) in your country of origin with Apostille(s) or Legalization(s), depending on your primary country of citizenship.
• Newly issued Certificate of Background Check from Ecuador’s National Police to apply for citizenship for Ecuador.
• Newly issued Migratory Movement.
• Four (4) newly acquired passport size photos, of your face only, not smiling, without glasses or a hat, and on a white background.
• You also need to demonstrate in documentary form, your economic solvency by proving your assets and/or income, wherever they may be established (this depends on the kind of Permanent Residency Visa that you had before applying for your Ecuadorian Citizenship).

Work Permit for Ecuador

If a person is eligible for an Ecuador visa then work permit of Ecuador is considered granted as person can work in Ecuador.

But yes there is a category of work visa for Ecuador, also known as, 12-VI of Ecuador which is given to highly qualified technical and qualified workers, presidents or executive, institutions or individuals approved in the countries for their temporary assignments or industrial training and also this kind of work permit of Ecuador is issued to their family and also can be issued to second generation of kinship.

Visa for Ecuador

When first entering Ecuador, you will get a T-3 tourist stamp on your passport, which permits you to stay in the country for 90 days.

If you wish to stay more than 90 days within a year, you should go to an Ecuador consulate in your homeland or country of residence and apply for 12-IX visa. Often introduced to as the Tourist, Commercial or Sports Visa, this permits you to stay in the country for a maximum of 180 days in a year. If you are planning to apply for permanent residence in Ecuador, you are required to have the 12-IX visa when you file your application.

Why Get a Resident Visa?

Once you have been grated resident visa of Ecuador you will have permission to bring in your own household goods like furniture, utensils, etc without paying custom duty in Ecuador. Also, the tourist visas given upon entry have cumulative time limits per the calendar year that is not subject to change by leaving and entering the country. Resident visa for Ecuador can be acquired while in Ecuador on a tourist visa, but the process can be much simpler at consulate back home if you’re doing it on your own.

Taking help from an attorney, makes the process much easier and the visa will be delivered to you here in Ecuador or will be sent to you in your home country before you depart via the consulate.

Absences from the Country

If you have a resident visa of Ecuador, you’ll be allowed to come and go from Ecuador as you wish. But, note you can’t be absent from the country for more than 90 days per year during an year for the the first two years of your residency and not more than 18 consecutive months after grant of residency after the second year of residence.

Types of Resident Visas for Ecuador

9-I: Pensioner Visa for Ecuador

This visa is for retired persons who receive pensions from their native countries. The pension needs to be at least $800 per month from a stable source. Also for an annuity recipient or trustee who will give on cash deposited in the Central Bank of Ecuador or on income from a trust. deposit or trust, the amount must be that which would result by multiplying the monthly minimum over a period of five years. This amount may be different from $800 monthly and will be decided by the Immigration Advisory Board.

9-II: Investor Visa for Ecuador of Real Estate or Securities Visa 

This type of visa is for real estate and securities investors who invest at least $25,000.

9-III: Industrial Investor Visa for Ecuador

The investors in any industry in Ecuador or investors who have concrete plans to export agricultural products from Ecuador or minerals or livestock, condition is that they have to bring in capital the equivalent or more than 30,000 USD.

9-IV: Agent Visa for Ecuador

For Legal Representative, Work Visa, or Religious Visa

It is for foreign local agents who possess unlimited power of attorney to represent a company in Ecuador, and if 80% of the company’s local personnel are Ecuadorian. And also it relates to technicians or technical experts under an unspecified work contract with a company established in Ecuador, and religious organizations’ members.

9-V: Professional Visa for Ecuador

Professionals with university degrees acknowledged by a national university who want to practice their profession in Ecuador. If the applicant’s profession does not exist in Ecuador, the degree needs are certified locally.

9-VI: Economic Dependent Visa for Ecuador

In case of this visa individual economically dependent on a spouse or a blood-related family member who has an approved immigration visa.

Planning to Setup business in Ecuador or Start Business in Ecuador?

Business support in Ecuador for starting business in Ecuador and 105 Countries

Let us support you to start business in Ecuador or 105 countries(Choose)

Taxes In Ecuador

If you are foreigner running a business in Ecuador, your tax liability as a foreign resident is very low. If you reside in Ecuador but obtain your income from overseas, there is no reporting requirement. The practice of monitoring and taxing banking transactions in Ecuador has been abolished.

Income tax in Ecuador

Foreign residents of Ecuador are taxed on their Ecuadorian-sourced income but not on income earned outside of the country. Income taxes are charged at progressive rates, ranging from 5% to 35%. The first $8,570 of an individual’s income is not taxed.

Sales tax in Ecuador

To most purchases is added tax VAT, which rate is 12%.

Property tax

Residential property taxes are based on a portion of the municipal value of the property, and city and rural properties are taxed at varying rates. Even on big properties, it is uncommon to pay more than $200 a year in property tax. Homeowners over the age of 65 pay half of these rates.

Capital gains tax

The capital gains tax is based on the variance in the municipal value between the time you purchased the property and when you trade it. The percentage is 10% of the variation between the municipal value at the time of purchase and at the time of purchase. There may be discounts on this fee, based on the amount of time between the purchase and sale of the property. A short time span between acquisition and sale will result in a greater capital gains tax. There is also a possible 75% tax required on “extraordinary gains”, but this may be lowered by referendum vote in early 2018.

Business Establishment in Ecuador

The basic options to structure a business in Ecuador are Corporation, Limited Liability Corporation (LLC) and Partnership/Joint Venture (JV).

The current base corporate tax rate in Ecuador stands at 25%, with it dropping to 15% if profits are reinvested. Banks and financial institutions are taxed on a slightly different basis, as are petroleum-based activities.

Investment in Ecuador

Ecuador offers many different options for investment as a foreigner, and there are many conditions that make it a financially sound overseas investment. The location makes the country easily available to other countries for exports, and the climate supports agriculture to be harvested year-round.

Disclaimer for Immigration, Ecuador

We DO NOT provide consultancy for illegal immigration to Ecuador and do not promote illegal immigration for Ecuador, including, illegal residency for Ecuador or illegal work permit for Ecuador. Also, we do not entertain agents for illegal immigration for Ecuador.

Information provided on https://www.millionmakers.com regarding Ecuador cannot be taken as legal advice in any way, please consult immigration lawyer in Ecuador for expert legal advice for Ecuador.

We don’t support or provide any of our services to below mentioned Individuals or category(s) of business in Ecuador for immigration:

• Any device for Ecuador that might result in abuse of human rights in Ecuador or be utilized for torture in Ecuador.
• Trade in Ecuador, distribution in Ecuador and/or manufacturing of arms in Ecuador, weapons in Ecuador, ammunition in Ecuador, mercenary or contract soldiering in Ecuador.
• Espionage in Ecuador or technical surveillance in Ecuador or bugging instrumentation or equipment in Ecuador.
• Any illegal activities in Ecuador or criminal activities in Ecuador or company(s) or individual(s) that are black listed in Ecuador under The Law of Ecuador.
• Genetic material in Ecuador.
• Hazardous or Dangerous or risky biological, chemical or nuclear materials which also includes, instrumentation or machinery accustomed for disposing or manufacturing or handling of any such material(s).
• Trading in Ecuador, storage in Ecuador or transportation of Human or animal organ(s) in Ecuador, use of animals in Ecuador or abuse of animals in Ecuador for any scientific or product testing.
• Adoption agencies in Ecuador, as well as, surrogate parenting procedures in Ecuador or any kind of abuse of human rights in Ecuador.
• Non-secular cults in Ecuador and their charities.
• Pornography in Ecuador.
• Drug paraphernalia in Ecuador.
• Pyramid sales in Ecuador.