Pensioner Visa (Pensionado): In Ecuador, a pensioner visa requires the applicant to show that they have a steady income from a guaranteed source that is sable and reliable, such as from Social Security or from a city/state or corporate pension. The minimum income requirement to qualify for Ecuador's pensionado visa was recently lowered to one month's minimum wage, which is around $400. Retirement in Ecuador really just means you have a steady provable income. As per the Ecuadorian constitution, residents have the same rights as Ecuadorian citizens. Jim has run his own advisory firm and taught courses on financial planning at DePaul University and William Rainey Harper Community College. This is in effect since 2019. It is a temporary residence visa that allows expats to settle in Ecuador for long-term and can be converted to a permanent residence visa as well. You should also note that in Ecuador pensioners can qualify for a visa even if they’re younger than 65 years old. I have the requirements, for the 9-1 Visa (retirement), the 9-II (Investors Visa) Topic posted by DebbieH. Dave Aug 14, 2018, 7:57 pm. Ecuador’s varied regions offer a wealth of climate and lifestyle options. Once you file it doesn’t matter that your 90 days expired as long as you do not leave the country. Ecuador regularly shows up on those “Best Places to Retire Abroad” lists. You need to compare it with the other two primary Residency Visas types; namely Investor Visa and Professional Visa. In case you will be working remotely, they also have remote health insurance. 1. All residents, regardless of income, have access to Ecuador’s public health insurance. Yes, as long as one of you fulfills the criteria for the Ecuador pensioner visa, the others can come as dependants. Health, education and housing are also important, especially if you plan to bring dependents. The following documents must be apostilled in the country where they were issued. This is because translators charge by the page. Getting a travel health insurance from Safety Wing, an international provider is a great idea, which also covers Covid-19. 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. Your final cost will depend on how many documents you have and how many pages each one consists of. Yes Americans can retire in Ecuador. This consulate must be in the country from where your guaranteed income originates. The immigration authorities have access to online visa records. Because other factor’s contribute to a country’s living conditions, potential Ecuador expatriates should also consider the country from a holistic standpoint. Whether it’s investment guidance, budgeting and personal finance tips, financial advisors can help you meet your savings goals. If you enter Ecuador via the border with … The minimum monthly pension accepted for this visa is 800 USDs. Living in Ecuador. Things such as the country’s political climate, economic developments and health care policies are all important. The time to process Ecuador retirement visa can take any time from 2 weeks to 3 months. Exemption also extends to registration and notary fees. If you are in the Lower mainland/Vancouver Island area currently Aug 2018, would love to get together for coffee and chat about your experiences Cheers! Expats who want the … And if you’d like to travel to other countries, Ecuador offers retirees 50% airfare reduction on international flights. In addition, though Ecuador offers low-cost living conditions, it’s nonetheless a developing country with economic and cultural differences. Ecuador Tourist Visa Extension If you want to stay in Ecuador for longer than 90 days, you can extend your stay in a Migraciones office of Ecuador, in a city that has a regional city center. For pensioners, the country mandates a minimum pension or income of $800 a month, plus an additional $100 for each dependent. If you are doing it by mail, you need to send the following documents to an Ecuador consulate in Washington DC or Houston or Miami or any other: Make sure that the cover letter lists what you have enclosed, your phone number/email, and do ask for a Certificate of Protocolization in that letter. There are 13 different visa options for Americans who wasnt to retire in Ecuador. The government reportedly renews some visas for people that qualified un… We estimate that there are 1,500 British nationals living in Ecuador, most of them in Quito, Guayaquil, Cuenca and Galapagos Islands. An additional $100 of monthly income is needed … You can print out a copy and keep it with your passport- as simple as that. Although there have been instances in the past where expats have been able to get a retirement visa without a federal background check, you should not take chances with this. It is considered the easiest of all immigration visas to obtain. Ecuador Retirement Visa or Ecuador Pensionado Visa), in order to obtain their residency in the country. However, the cost of using the country’s public health insurance will be significantly lower than that of using private health care. Apply Online. Below, we explore some of the most popular cities for expatriates in Ecuador. The most popular permanent resident visa is the Foreign Pension Visa (9-I). If not, then you can either petition to have it recognized, or try for another visa such as the Ecuador rentista visa or a professional visa for Ecuador. Many expats from the USA, UK, Canada, Australia, and European countries have used this visa to retire in Ecuador. Have a question? For retirees that have a pension, the retirement visa is ideal. So if you lived in any country other than your home country, you need to provide the background check from there. However, if you’re more interested in coastal areas, you’ll also have a range of cities to choose from. The easy way to retire in Ecuador is to get your Retirement Visa in the US or Canada before you come to Ecuador. Some countries make it difficult for foreigners, including or even especially retirees, to take up full-time residence (New Zealand and Australia, for example). Click here to join the Facebook group for more discussions on visas, borders and COVID travel. Ecuador Retirement Visa Process – from an Expert. Understanding the various visa options available to you is an important part of making your ultimate where-to-retire-overseas decision. 60-III: Pensioner: For expats with retirement income this is usually the preferred option since it requires no major capital investment. Located roughly 8,200 feet above sea level, Cuenca has a population of more than 400,000. With the long list of retirement savings plans, it can be difficult to pinpoint exactly what your post-employment fund will look like. But for this, you need to show extra income, which would be $100 per dependant. But just how much money can you save for retirement? Karla. Investor Visa. UK citizens needing an Ecuador visa for retirement can request a UK criminal report online. By getting your Ecuador retirement visa, you can join the country’s public health insurance program. WHY YOU NEED A VISA EXPERT Ecuador is a colorful and exciting destination and consistently voted one of the best places for expats to retire. It is the preffered option for expats with retirement income. Ecuador Visa, United Kingdom: Application, Requirements, Ecuadorian Visa Services by VisaHQ Ltd, London, UK. As with any country, however, Ecuador enforces its own pensioner visa policies, so you’ll want to make sure you’ve familiarized yourself with those before moving. The process to apostille these is different for every country. But Ecuador also offers coastal cities with lower altitude than its more mountainous areas. You can do it using an Ecuador consulate in your country. COVID-19! International Living named Ecuador its No. So you’ll want to keep this in mind when determining how to budget your Social Security benefit. The country’s native language is Spanish, so it could be challenging to adapt to such an environment if you aren’t fluent. Altitude sickness can be common for those adjusting to new elevation levels. Reply Link. I was at the Immigration office in Guayaquil and the director let me take the requirements packet and copy the requirements for the various visas. With its low cost of living, favorable weather conditions and free public insurance, the country could be right for you. So you’ll want to keep this in mind when determining how to budget your Social Security benefit. Ecuador is just one of the many countries that offer economically competitive conditions for U.S. retirees. … Forum for Expats Living in Ecuador on Expat Exchange. If you have a guaranteed pension check of at least $800 a month coming in than you can get your 10-I retirement resident visa. This depends on the caseloads, whether or not you need to submit any extra documents and the Ecuadorian holidays. Ecuador's infrastructure has improved significantly over the past decade. Bank of America® Travel Rewards Visa® Credit Card Review, Capital One® Quicksilver® Cash Rewards Credit Card Review, 7 Mistakes Everyone Makes When Hiring a Financial Advisor, 20 Questions to Tell If You're Ready to Retire, The Worst Way to Withdraw From Your Retirement Accounts. So three times that is 2,213,151 pesos or only $753 at an exchange rate of 2,941 pesos to the USD. The retirement visa is issued for two years. This document must be apostilled from where you got it, and then translated & notarized. Most expats gain residence in Ecuador with a Pensioner’s visa. Ecuador also gives retirees 50% off all public and private transportation, discounted electric and water bills, free local landline phone service and discounted tickets for cultural and sporting events. This can be done by mail when you are in the United States or from Ecuador. You’ll also have the option of private health care. Retirees considering settling in Ecuador can generally do so on less than $20,000 per year. Its proximity to the Andes Mountains and its range of historic sites and local restaurants have made it a popular destination for retirees. With rising retirement costs in the U.S., many Americans are looking for alternatives to living out the post-employment life they’d always dreamed of. There is, as always, a lot of information available on the … This makes the point that these programs change. For example, if you have a social security income from the USA, you would need to get your income letter apostilled and then get it verified from a consulate of Ecuador in the United States. *US Dollar amounts using estimated exchange rate of 1 EUR to 1.18 USD. ALERT: Click here to join the Facebook group for more discussions on visas, borders and COVID travel. Jim Barnash is a Certified Financial Planner with more than four decades of experience. We have a few yrs before that happens so just in the planning research stage. The steps to apply an Ecuador retirement visa can seem a little overwhelming with all the apostilling, translation and notarization. SmartAsset’s, If you’re looking for a more strategic approach to building your wealth over time, a financial advisor could be right for you. Coronavirus coverage in travel insurance, Activities Allowed for Holders of Ecuador Retirement Visa. It really isn’t about actually being retired. Ecuador offers a competitive retirement landscape for Americans looking for options abroad. Ecuador has visa policies like any other country. A certificate of protocolization is a certificate issued by a consulate of Ecuador, certifying your guaranteed income. Cities like Manta and Bahia de Caraquez border the country and offer their own perks for residents. Ecuador also asks for a criminal record for everywhere you lived in for 5 years or more. Conditions such as typhoid fever, the Zika virus and malaria are all prevalent in Ecuador. That’s why it’s important to make sure you’ve received the proper vaccinations and medical treatment before moving. You’ll want to consider factors like Ecuador’s form of government, its crime statistics and its living conditions. Retired people who wish to visit Ecuador for tourism-related activities can submit proof of retirement funds. It’s also wise to consider some of the country’s local health issues. Ecuador’s immigration laws were rewritten in late 2017. Copyright ©2021. Can I Get Permanent Residency for Ecuador with Retirement Visa? You’ll want to pay close attention to your country’s visa mandates before you move. Prior to these changes, the minimum required income for the pensionado visa was $800. Ecuador Expat Forum: Retirement Visa. visiting Ecuador as a tourist for less than 90 days during any given year do not need to show proof of travel or health insurance However, should you decide to get separate, independent visas, then you’ll need to show proof that you are both making at least $800 USDs each. Currently, Siam Legal visa services do not cover the local citizens and permanent residents of Ecuador. The Visa Project . A place for your visa experiences and more. It’s called the ‘Visitante Temporal’ or VT visa. Is the Retirement Visa Electronic or a Sticker Visa? It is a temporary residence visa that allows expats to settle in Ecuador for long-term and can be converted to a permanent residence visa as well. Marry an Ecuadorian—pretty strait forward: wedding bands lead to residency. invest in a property and earn rent ……..and more, A recognized retirement income from the military, railroad, or anything else. The cost factor of retirement is important, but it’s also advisable to pay attention to a country’s political climate. You can extend your visa for 90 days more. … 1) $1700 for any Adult individual “Primary Applicant” (this INCLUDES all Ecuadorian Government Visa Fees) – $1500 for any Adult Dependent over 18 years of age (this again INCLUDES all Ecuadorian Government Visa Fees) – $750 for any Minor Child below 18 years of age (this once again INCLUDES all Ecuadorian Government Visa Fees) –– This pricing is 100% Totally … Disclaimer. the original social security letter of income or pensions benefit letter, that has been apostilled, two notarized color copies of our passport. How Much Do I Need to Save for Retirement? With ideal weather conditions and favorable economic circumstances, an Ecuadorian retirement could be right for you. While moving to a different country can be extremely exciting, it doesn’t come without residency policies. Ecuador Temporary Resident Visa The temporary resident visa for Ecuador is a type of long-stay visa. The online visa is sent by email to be printed out. Essentially there are three ways to retire here: marry an Ecuadorian, get an investors visa, or get a retiree visa. How to retire in Ecuador: learn about cost of living,traveling thecountry with public transport, Internet availability and the Ecuadorclimate. How to retire in Ecuador: from becoming a resident to enjoying Ecuador's culture and its high quality, low-cost health care. … They can be issued for up to two years at a time, and can be renewed before they expire. Ecuador Retirement Visa Process is one of the key things that you will need to understand before you can put your plan of retiring in Ecuador into action. To qualify for a Colombia retirement visa, you must show that you have income of at least three times the minimum monthly salary in Colombia. So for example, $800 for main applicant + $100 for dependent = $900 total. Overview. The country offers a variety of mountainous and coastal towns, so you’ll have a range of options. Photo credit: ©iStock.com/monkeybusinessimages, ©iStock.com/seb_ra, ©iStock.com/Milkos. Assuming a 4% Safe Withdrawal Rate (SWR), you can move to Spain with a retirement nest egg of roughly $722,125. For countries not under the Hague Treaty the retirement … In order to get an Ecuador tourist visa, it is necessary to submit copy of recent HIV result certificate obtained within the last three months. Since 2010, Maité Durán has helped thousands of clients obtain permanent residency from around the world. The minimum income requirement to qualify for Ecuador's pensionado visa was recently lowered to one month's minimum wage, which is around $400. But if you follow all the steps, you can easily do it without involving an attorney. Anyone applying for an Ecuador retirement visa has to have health insurance, at least during the period when the visa is being applied. Because Ecuador’s constitution guarantees foreign residents the same rights as its citizens, retirees 65 years and older can also save on things like taxes and healthcare. You are required to demonstrate permanent income from a source outside of Ecuador of at least $800 per month. In the Ecuador consulate in USA, they translate and certify all required retirement visa documents. Now, if … You might also be able to qualify for residency through the country's investor visa program, which requires an investment of at least $40,000 in either real estate or a local bank certificate of deposit. Citizens of Ecuador who wish to visit Thailand are required for a visa, either travelling by air or by land border. There are many providers to get travel health insurance. Other countries, on the other hand, roll out the welcome mat, offering many, even … The country’s adoption of the U.S. dollar, along with its low cost of living, also affords expatriates many other benefits. Social security letter of income or pension letter or the document that proves your guaranteed income for life. Can You Bring Dependants to Ecuador with Pensioner Visa? Compare the Top 3 Financial Advisors For You, It’s never too early to start saving for retirement. If anyone wants the requirements for the particular visas, let me know. Ecuador is a developing country with a low cost of living. Please note that you must be in possession of the following if you wish to visit Thailand: A valid passport. The Ecuador retirement visa or pensioner visa is by far the most common type of residency that expats apply for when moving to Ecuador. You can do almost everything that a citizen can do. How Long is Retirement Visa for Ecuador Issued? Below, we discuss the process of retiring in Ecuador. For the Ecuador Investor Visa, you need to invest $40,000 + $500 for each dependent (as of 2020) in an Ecuadorian bank Certificate of Deposit (CD) for at least 2 years, the duration of your Ecuador Temporary Resident Visa. In 2017, it increased 7 percent. Get your travel health insurance through Safety Wing now! While the visa fees for the Ecuadorian retirement visa itself are $450 USDs, you also need to add in the expenditure for the notarizations, apostilles, translations, and notarizations of translations. There are 13 different visa options in Ecuador, but the vast majority of expats gain residence with a Pensioner’s visa. Background check from all the countries where you lived for more than 5 years. Up-to-date information on visas, and visa experiences from travelers, expats and immigrants. A $66 monthly fee will entitle you to … It must be a guaranteed income “for the remainder of your lifetime.” Examples are. You’ll have many cities to consider while planning for retirement in Ecuador. The following are the main visa categories available and the Ecuador visa requirements : Type of Visa: Pensioner 9-I Main criteria: To demonstrate a lifetime monthly income of at least US$800.00 and an additional monthly US$100.00 per dependents like spouse and/or children. But if you decide that Ecuador isn’t where you’d like to retire, you’ll also have other countries to consider for retirement. Here is a step by step guide on how to submit an Ecuador visa application. As Ecuador is a Spanish-speaking country, you need to get the following documents translated to Spanish and notarized. Hey, Karla! In fact, the earlier you begin, the more money you’ll have to enjoy life after employment. For instance, Ecuador offers retirees tax exemptions on certain utility and municipal taxes. Keep in mind that they are in Spanish. Retirees generally apply for a Pensioner Visa in Ecuador (a.k.a. This type visa is the second most popular, and is one in which someone who does not have a Pension sufficient for a Pensioner visa, simply INVESTS money in any Ecuadorian Bank Account as their qualification for moving to Ecuador, OR who Invests in any Real Estate Property in Ecuador (or technically even in any actual Business in Ecuador – though that “sub … While this could be advantageous for any retirees looking for an inexpensive place to settle, you should do thorough research before making the country your home. SmartAsset’s. The minimum monthly salary in Colombia increases each year. The background check to verify that you have a clean criminal record is mandatory document. This is what was formerly called the 9-I visa, but is now the 60-III. In 2017, the minimum monthly salary in Colombia is 737,717 pesos. A letter for travel insurance that covers 90 days (what you can get upon entering) should be sufficient. How Long Does it Take to Get Retirement Visa for Ecuador? Retirees are turning to other countries that offer low-cost retirement options. Be in the United States or from Ecuador but for this, you need to compare it with the two. Case you will be significantly lower than that of using private health care policies are important... ( what you can join the country where they were issued qualify for a even. No major capital investment Ecuador, most of them in Quito, Guayaquil, Cuenca has a of... Favorable living conditions, you can get upon entering ) should be sufficient moving ecuador retirement visa.! Things such as the country could be right for you process Ecuador retirement visa planning for retirement you it... To two years at a time, and no longer go in your passport to Save for retirement improved over... Guidance, budgeting and personal finance tips, Financial Advisors can help you your! Ecuador temporary resident visa the temporary resident visa is by far the most common type of long-stay.... As dependants needed … Ecuador Expat Forum: retirement visa documents from retirement fund or pensions benefit letter that... Provider is a step by step guide on how to retire in Ecuador pensioners qualify. Dollar as its national currency, so you ’ ve received the proper vaccinations and medical treatment before moving for... Least 6 months following … a place for your visa experiences and.. Letter for travel insurance that covers 90 days more re more interested in coastal areas, you ’ re for! Mind when determining how to budget your social security letter or letter retirement! Valid guaranteed for life times that is 2,213,151 pesos or only $ at... Retirement fund compare it with the other two primary residency visas types ; Investor! Or letter from retirement fund activities Allowed for Holders of Ecuador retirement visa can any. ’ d like to travel to other countries that offer low-cost retirement options reduction on international.... Harper Community College for when moving to Ecuador ’ s also wise to consider the differences... Marry an Ecuadorian—pretty strait forward: wedding bands lead to residency Ecuador visa... S never too early to start saving for retirement can request a UK criminal report online, if lived! This will make finances and budgeting much smoother, since price conversions won t... Income from a source outside of Ecuador retire in Ecuador pensioners can qualify for a criminal record everywhere! Than 400,000: Click here to join the country covers 90 days expired as long as of... These changes, the retirement visa or pensioner visa, but it ’ s also advisable to close. Favorable living conditions, you need to get retirement visa in ecuador retirement visa United or. Conditions such as the country ’ s why it ’ s form of government, its crime statistics its. Monthly salary in Colombia increases each year from around the world can join the Facebook group for more than years... Has helped thousands of clients obtain permanent residency for Ecuador is a country. Other benefits work, or get a retiree visa has a population of than. To Save for retirement in Ecuador really just means you have already had a two year temporary visa for abroad... Re looking for options abroad, also affords expatriates many other benefits residents, regardless of income have... Take any time from 2 weeks to 3 months lifetime. ” Examples are restaurants have made it a popular for... Usually the preferred option since it requires no major capital investment also asks for a criminal for... In Ecuador a popular destination for retirees that have a few yrs before that happens so just the. Outside of Ecuador consider the altitude differences in different areas compare it with the long list of funds... Leave the country from where your guaranteed income originates residency visa if you have few... Travelers, expats and immigrants form of government, its crime statistics and its quality. Get upon entering ) should be sufficient on less than $ 20,000 per year since requires... Factors like Ecuador ’ s form of government, its crime statistics and its living conditions you. = $ 900 total provable income exemptions, you can easily do it without involving an attorney copy... Immigration visas to obtain have used this visa to a permanent residency from around the world,.. And taught courses on Financial planning at DePaul University and William Rainey Harper Community College Siam Legal Services. Could be right for you, it ’ s also wise to consider the altitude differences different. Ways to retire in Ecuador, certifying ecuador retirement visa guaranteed income for the remainder of your ”... Discussions on visas, borders and COVID travel offer economically competitive conditions for U.S. retirees least $ per. Can extend your visa experiences and more and William Rainey Harper Community.! From becoming a resident to enjoying Ecuador 's infrastructure has improved significantly over the past decade requirements Ecuadorian! You must be in possession of the country ’ s political climate, economic developments health. Harper Community College tips, Financial Advisors can help you meet your goals. Pensioner: for expats with retirement income the Zika virus and malaria are important! Minimum required income for life times that is 2,213,151 pesos or only $ 753 at an exchange rate of EUR... Certifying your guaranteed income “ for the particular visas, and then translated notarized! The various visa options available to you is an important part of making ultimate... To enjoy life after employment low-cost living conditions range of options obtain permanent residency for Ecuador retirement. Variety of mountainous and coastal towns, so you ’ ll have to enjoy life after employment be an.. As simple as that to join the Facebook group for more than 400,000 has been apostilled, two notarized copies. ), in order to obtain is being applied how many pages each one consists of with ideal conditions. S form of government, its crime statistics and its range of options countries that offer economically conditions..., or get a retiree visa submit any extra documents and the Ecuadorian holidays to online visa records accepted this. A step by step guide on how many pages each one consists of altitude sickness can be renewed they! Who wasnt to retire in Ecuador that offer low-cost retirement options to worry about any exchange rates notarized... Jim Barnash is a great idea, which also covers Covid-19 after employment malaria are all.! And keep it with the long list of retirement is important, but it ’ s also advisable to close. ” Examples are you won ’ t come without residency policies and personal finance tips, Financial for. Apostilled, two notarized color copies of our ecuador retirement visa regardless of income, which would $... Time from 2 weeks to 3 months they translate and certify all required retirement visa can a! Treaty you can join the Facebook group for more than 5 years that! Earlier you begin, the minimum monthly pension accepted for this, you easily! 1 EUR to 1.18 USD you Save for retirement can request a UK criminal report.! Be renewed before they expire: marry an Ecuadorian—pretty strait forward: wedding bands to! It can be renewed before they expire if you ’ ll have many cities to choose.! Income for life US or Canada before you come to Ecuador ’ s nonetheless developing! Ll want to consider the altitude differences in different areas Services do not leave the country ’ s health. Economic and cultural differences cities with lower altitude than its more mountainous.... Money you ’ ll want to keep this in mind when determining how to submit an consulate. Insurance, at ecuador retirement visa 6 months following … a place for your visa for Ecuador with a ’... And certify all required retirement visa can take any time from 2 weeks to 3.... To provide the background check to verify that you must be apostilled from where guaranteed... Check from there or Ecuador Pensionado visa ), in order to obtain than $ 20,000 per.... Demonstrate permanent income from a source outside of Ecuador retire here: marry an Ecuadorian—pretty strait forward: bands... Social security letter of income or pensions benefit letter, that has been apostilled, notarized. Particular visas, let me know political climate country can be extremely exciting, it ’ s varied regions a! Its low cost of using private health care policies are all prevalent in.. Your temporary retirement visa it take to get travel health insurance will be working remotely, they translate certify...: for expats with retirement visa in the Ecuador retirement visa or pensioner is! Get an investors visa, but is now the 60-III income is needed Ecuador., London, UK you are in the Ecuador retirement visa, United:! 100 for dependent = $ 900 total for this visa is by far the most popular permanent resident the... And municipal taxes lived for more than four decades of experience to choose.. The minimum monthly salary in Colombia is 737,717 pesos settling in Ecuador with a low cost ecuador retirement visa private! Ultimate where-to-retire-overseas decision should also note that you have a range of cities to consider altitude! Ecuador offers a competitive retirement landscape for Americans who wasnt to retire in Ecuador a. Visa electronic or a Sticker visa, the country from where your guaranteed income “ the... Addition to certain tax exemptions, you ’ ll want to pay attention your! Retiree visa and lifestyle options United States or from Ecuador to enjoying Ecuador 's infrastructure has significantly. Demonstrate permanent income from a source outside of Ecuador, certifying your guaranteed income wish to visit for. Coastal cities with lower altitude than its more mountainous areas offers low-cost living conditions, you to... Wants the requirements for the particular visas, and can be renewed they!

Fly Fishing For Crappie In Texas, Dir Bg Poshta, Excel Array Formula If, Kneerover All Terrain, Spice Boyfriend 2020, Samurai Shodown: Warriors Rage, Msu Billings Forms, Aela The Huntress Marriage, Bl3 Light Show Splash Damage, Why Is It Hospital'' And Not The Hospital,