Ecuador Residency

My Latin Life provides specialized relocation services through a team of attorneys and accountants. The following is a summary of the general requirements to acquire residency in Ecuador, as well as our pricing and complementary services.

Purchase your Ecuador residency assistance package here.

 

Types of Visas in Ecuador

You will need to start with a temporary residency visa is valid for two years. It can be renewed multiple times as a temporary visa for all visa types; Retirement, Pension, Investment, Professional, Volunteer, Student, and for Dependents visas*. Before this visa expires you can either renew it for 2 additional years, or apply for a permanent visa.

Note: Dependents visas will not be cancelled if the main Visa holder divorces or dies, applies for citizenship, or any other reason not related to the Dependent.

 

Pensionado Visa

The income requirement (subject to change) for a Retirement or Pension Visa is $1,275, plus $250 for each additional dependent per month from either a Social Security system, public employee retirement, private pension plan, or 401K, IRA investments. You only have to show a guaranteed monthly income of $1,275, and your dependents can come without additional income requirements.

 

Professional Visa

If you have a 4 year degree, you can apply with your degree. This is the best path if you do not have passive income, because this way you apply without making the bank deposit.

Who can apply for a professional visa? The person who holds a Professional Degree, title of technician or technologist; which can be equivalent to Associate’s, Bachelor’s, Masters or PhD degrees.

Before applying for your visa, the degree must be registered with the competent Ecuadorian authority (SENESCYT). Therefore, obtaining this type of visa can take a little longer than other types of visas.

One of the benefits of obtaining the professional visa is that your level and field of education will be registered in Ecuador, allowing you to work on your field of expertise, or even use your professional degree to provide specialized services as a volunteer for non-profit organizations.

Note that you do not necessarily have to work in Ecuador to apply for this type of visa.

 

Investor Visa

Ecuador is one of the only countries in South America where it is possible to get residency with a bank deposit. As of 2023, you will need to place $45,000 USD on the bank.

 

Travel Restrictions / Physical Presence Requirements

There are no travel restrictions with a Temporary Resident Visa and no time limit for traveling in and out of Ecuador.

However, to apply for a Permanent Resident Visa, the person holding a Temporary Resident Visa shall not have left Ecuador for longer than 90 days in total during the Temporary Resident Visa period of 21 months.

If the Temporary Resident Visa holder has exceeded 90 days out of Ecuador during the 21 months, the person will NOT be eligible to apply for permanent residency. But will be able to renew their Temporary Visa multiple times for all types of Visas.
You can apply for Permanent Residency after 21 months. When you apply for Permanent Resident Visa travel outside of Ecuador will be restricted to 180 days each year in the third and fourth years. After that you can leave the country up to two years at a time as a permanent resident.
 

Processing Time

Processing your visa will take about 60 days in the US to collect the necessary documents, and 30-45 days to have your visa approved and issued. After your visa is issued in the US, there is no time limit to enter the country.
 

Benefits

With any 2-year Temporary Visa you can apply for your Cedula (Ecuadorian ID). The Cedula allows you to work legally in Ecuador, open a business, bank accounts, and sign up for government health insurance, etc.
 

Shipping

According to Ecuadorian law, you will be able to bring your household goods duty free (no tax).

 
My Latin Life makes it EASY to apply for your Visa
We can handle your Visa application from in Cuenca, or any city in Ecuador, Canada, Europe or from the United States. There is no easier way than getting your Visa before you come to Ecuador. This way you are assured that the Visa is in your hands, before you get on the plane.
 
Once your application is approved, we will notify you by email that your Visa is ready to be picked up at the nearest Ecuadorian Embassy or Consulate in your home country.
 
If you’re already in Ecuador, we can personally walk you through the process, assist you in having your fingerprints taken here. We can assist you to obtain the necessary documents and apostilles. You won’t need to travel back to your home country.
 
The fee includes:
  • Visa Processing
  • Review and pre-approval by our immigration attorney
  • Translations from English to Spanish of all documents
  • Notarization for all translated documents in Ecuador
  • Government filing fees
  • Cedula processing and fees
  • Assistance to open a bank account
  • Public or private health insurance sign up
  • Transportation to government offices
 

Documents needed

The client will need to provide an FBI background check, a State police report, and a verification letter proving a guaranteed pension. The FBI background police fees are paid directly by the client.
 

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