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.
Types of Visas in Ecuador
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.
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.
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.
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.
According to Ecuadorian law, you will be able to bring your household goods duty free (no tax).
- 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
- You can Purchase your Ecuador residency assistance package here.
- The faster you make the purchase, the faster you get your residency. The price and requirements go up all the time, so the sooner the better.
- Still have questions? Book a call with us.
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