'Moving to Ecuador for retirement' Retirement

Moving to Ecuador for retirement

terry (152.163.100.196) -

I have heard that Ecuador is developing a program or system for non-citizens to retire there. Has anyone any knowledge of this? If so, where can I get more acurate current

information?

Reply #1 Kurt (65.14.2.82) -

I would like the same info as Terry

Reply #2 Jeffrey (66.56.56.163) -

Hello,

We have a new website which is a free forum for Americans retiring abroad. We have a Ecuador Expat Forum, and we are also seeking information on Ecuador visa requirements for retirement. Please register at our board, and this information should become available.

Thanks,

Jeffrey

www.RetireAway.com

Reply #3 Karl (69.41.132.26) -

There are several catagories for foreign retirees moving to Ecuador. The simplest is the Investor Visa, which requires nothing more than the purchase of a $1400 (Yes, that's one thousand four hundred dollar) certificate of deposit in the central bank of ecuador (Banco Central de Ecuador). There's nothing more to it! Ecuadorian attorneys will offer to handle the paperwork for you for a thousand dollars or so, but you can easily complete and submit the paperwork yourself while residing in Ecuador. Go for it!

Reply #4 Richard Shapiro (65.3.208.99) -

HI, I am an amrican citizen ,I am planning to retire in Quito in 5 years. I am looking for a three bedroom condo in the

Alto baton section. If anyone is selling a condo there please let ne know.

Also what procedures do I need tot ake in order to live there all year.

Thanks

Reply #5 Ray (203.155.1.245) -

I am currently retired in Thailand and have been for three years and have a Thai wife. There are many visa restrictions here and the longest that you can get is one year. Makes you a bit uncomfortable. Life is good here but very hot.

It is hard to determine much from these boards as they are designed to get you to buy what they offer. I can and do rent a two bedroom two bath house here for $70. a month and it's nice. Is that possible there?

A track home here with very little land runs about $38,000 how about there?

Of course one of the things about Thailand is the entertainment, available there as well?

We do a lot bowling and motorcycle touring possible there?

I see things with an average tempature of 75 degrees true?

Beach house for 40K true?

Lastly, I have lived as an expat for three years now and I know adjustmetns will have to be made. How do you enjoy life there?

Ray.

Reply #6 michael (80.58.2.44) -

I intend to retire to Euador. I am 65 , my wife 53, .

we will not be working in the Country.

What taxes will we have to pay, for example, pension from uk,

other income generated in the UK.

Tax free investments in the UK.

THANKS

Reply #7 david stewart (65.170.187.158) -

I too am thinking of retiring to Ecuador. I tried to locate the RetireAway.com site as mentioned above, but search for the URL couldn't find it?? Is there another site?

Reply #8 Michael Manning (205.242.255.66) -

I am looking for some information on moving to Ecuador. I can run my internet business from there and feel it is a good option. What about the situation of crime? I am an American and have been to Guayaquil before and did not feel safe at all. There was a lot of crime. Visited last in 2001.

Reply #9 Joe from des plaines (Contact Member) -

I think you kinda answered your own question about safety: "did not feel safe at all."

Another important question is internet access.

Have you considered other places? The Uruguay Forum seems to indicate that both safety and internet access are good.

• Uruguay Forum

Reply #10 Brent Stewart (209.115.232.65) -

Hello i am interested in moving to Equador i have heard it is nice there and the cost of living is relatively cheap.

Were can a person find information about moving and retiring in equador.

Thanks

Reply #11 Ron (64.202.139.190) -

need to know cost of living in equador.

i am a retired single male .

ron

Reply #12 Blake Smith (72.153.6.209) -

Hello all,

I own a spacious 6, 600 sq ft oceanfront house 8 kms north of Montanita Ecuador and have enjoyed the relaxing pace of life in this area. The cost of living is unbelievably low with the freshest fruits, vegetables, poultry, and seafood plentiful.We get our milk and dairy products directly from the local dairy...organic and inexpensive as well.

The sunsets are spectacular especially when viewed from the patio or balconies of my house. From June-Sept the weather is typically overcast skies and cooler temps while Dec-April are sunnier and warmer.

My house has tile floors throughout with 8BR's (4 face the ocean w/private baths; two pairs of BR's share a bath between each pair). My place is currently being operated as a "hosteria" to accomodate travelers in the area. It is also available for purchase or lease to someone interested in a great opportunity and lifestyle.

Reply #13 Blake Smith (72.153.6.209) -

The link to my website is eldelfinfeliz.com and email is eldelfinfeliz@gmail.com if you'd like more info about my place.

Reply #14 barry Hamilton (207.47.170.61) -

I am planning to retire in equador please give me any info that will help cost of living rents hosipitals cost food power water ect the basics thanks for the help Barry

Reply #15 EcuadorHomesOnline from Cuenca, Ecuador (Contact Member) -

Hi All - I have info on my website with some of this information, see EcuadorHomesOnline.com and I have a partnership with www.CuencaRealEstate.com - although we're both based in Cuenca, we represent properties on the coast and we have recomendations for lawyers, etc. Contact me through my website if you need more info. Ecuador Real Estate

Reply #16 Barry (1) from Regina Saskatchewan (Contact Member) -

Amessage to Alvin Shea I also am from REGINA SASKATCHEWAN.

i TRIED TO FIND YOUR PHONE NUMBER, I WOULD LIKE TO TALK WITH YOU ABOUT EQUADOR, CONTACT ME AT 306 585 6166. i PLAN TO MOVE IN 2008

Reply #17 Linda (6) from EcuadorDevelopmentGroup, The EDG (Contact Member) -

I live, work and play in Cotacachi, Ecuador, 2 hrs n. of Quito. It's a small town, quiet and exceptionally clean, with a great market, very cheap cost of living. My husband and I rent a gorgeous penthouse studio apt. w/fab views for $120 a mo.

We spend $10-12 a wk. on fresh produce. Water is $3 a month, electricity is $15-18, phone is a flat rate of $6 and high-speed internet is $50 a mo. Dental care is cheap and good. Recently my husband Gary dislocated his shoulder. 2 visits to the hospital, xrays, meds & bandage came to $93.

We do our best to cover all questions newcomers to Ecuador might have. Write us if you don't find answers you need on our website.

• Resources for Expat Success

Reply #18 Linda (6) from EcuadorDevelopmentGroup, The EDG (Contact Member) -

Gary and I have lived in Ecuador for almost 11 mos. We hired an attorney in Quito and got our resident visas about 6 mos. ago. The process is not difficult. Each visa costs $350 plus attorney's fees, notary costs, copies of your passport, etc.

There are several different ways to obtain a resident visa. See our website:

www.pro-ecuador.com, for the options. We chose to go the investment route. For an investment of $25, 000 plus $500 more for a spouse, we opened a CD at a Quito bank. To change categories, we can pay a small fee & use this CD to invest in land, real estate or business.

If you have a guaranteed pension of $800 per month, you can apply for a retirement resident visa.

Getting a resident visa requires that you live in Ecuador for 9 mos. out of 12 for the next 2 yrs.

• Resources for Expat Success

Reply #19 Dixie (202.71.165.158) -

Hi my partner John and I have recently returned from Ecuador where we rented an apartment in Cuenca for two months to get a feel of what it would be like to live there.

Within a few weeks we bought our own apartment on the Tomebamba River and are looking at returning in July 2008.

You can read about our travels on retire-in-ecuador.com or email me through the site.

Ciao

Dixie

Reply #20 Mike Malone (199.181.178.246) -

I am looking for a safe and inexpensive place to retire. Iam

62 and live on social security approximately $1700. I see on the net that Quito is a nice place to live. Can you give me any info. Are there many English speaking people and are there opportunites to be involved helping others. Christian ministries

or similar.

Reply #21 Pablo Hidalgo (200.25.129.212) -

Hi you all,

As a former student of the US i hope to be of some assistance here. I live in Quito, its a nice spring like climate city all year round, with a rainy season. Lots of Malls and Supermarkets with US products, good private health, very bad public health. I would deffinetly recommend living in Quito or Cuenca over Guayaquil for security reasons. I have a very confortable style of living on a 2000 per month income.

Here are some costs:

Two bed appt in a nice building (Fraisier like) is around 400-600 month. That will be a less than 10 year old building. Cheaper 2 bd. appartments will cost as low as 150 a month.

You can rent a nice luxury house, pool, gated comunity, suburbs for around 800-1500.

new 2 bd appartment around 70.000

2 bd. appartment in the beach around 55.000 in a gated comunity (casablanca)

Small 2 store house 3 bd in gated community 60.000,

Luxury house in suburbs 4 bd.with pool, marble floors, etc... 250.000 and up

Wage for a private nurse around 400 per month

wage for a maid 250 per month

meal in a 4 star restaurant $10-20 per person, marriot buffet $18,

Combo at mcdonalds $3, 50, large pizza hut or dominos $13

Litre of milk $ 0, 80-1, 00

bread 0, 10 cents each

loaf of bagguette 0, 80

Movie tickets $3, 50

theatre tickets varies a lot on play, but around $15

fruit and veggies - really cheap

Taxi fare for 10 miles ride about $5, 00, be carefull here.. local taxi cabs are famous for giving foreins a higher price. Its always advisable to arrange that beforehand.

New small car $8.000-18.000 Peugeot 206 st 14.000

New luxury car $45.000 and up

Used cars in good shape $5.000 and up

4x4's are very popular here because of safety and bad road manteinance, lots of small holes on the roads, - used Ford Sportrac 2003 $26.000

Prices in smaller towns are generally cheaper specially on housing.

i have several forein friends living and working here and they seem to like it, not all the people speak english(but most do to some basic degree), so its advisable to learn the basics of spanish.

hope this is of assistance.

if you need any more info Ill be glad to help!

pxhidalgo@hotmail.com

Pablo

Reply #22 Pablo Hidalgo (200.25.129.212) -

Ohh yea I forgot.. our currency is the US dollar

Reply #23 Pablo Hidalgo (200.25.129.212) -

I got a few more data that i think might be usefull if I though of moving abroad.

Direct TV (satellite television) around 70 per month

Broadband Internet starting from 45 per month (its a bit slow)

Flight Quito-Miami-Quito $400-1000

Night in 4-star hotel $75

Haircut $3-7 men

proffesional translating services around $10-15 per page

We have lots of touristic places in Ecuador and most are just a couple of hours drive away, and we also have the Galapagos Islands.

Good luck with your plans!

Pablo

pxhidalgo@hotmail.com

• MSN, RETIRING IN ECUADOR, looks like advetising for Ecuador ...

Reply #24 Will (69.38.120.236) -

I spent a week in Cuenca in Nov 2007, I found a heavy diesel/exhaust smell in the city. Was this just a bad weather pattern holding in the exhuast? I am also considering Cuenca for retirement.

Thanks

Will

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