Does the Ecuador project have immigration supervision ?
If you do not plan to apply for an Ecuadorian passport in the future, the immigration supervision is very loose. You only need to land in Ecuador once every two years; if you plan to apply for an Ecuadorian passport in the future, you must not leave Ecuador for more than 180 days each year.
How is the public security in Ecuador?
Statistics released by Gallup in November 2015 show that the top ten countries with the best security in Latin America are: Chile , Ecuador, Puerto Rico (US territory), Nicaragua , Jamaica , Uruguay , Panama, Mexico, Colombia , Costa Rica . According to this survey, Ecuador is the second safest country in Latin America. In addition, according to a report by d-212967-1-2.html) said that Ecuador’s homicide rate in 2015 was 6.3 per 100,000 people, the lowest in 35 years since 1980, and second only to Chile (2.9) and Argentina (5.5) in Latin America. Reports say that the Ecuadorian government is determined to reduce the homicide rate to 5 per 100,000 people by 2016.
What is the medical treatment in Ecuador like?
The medical standards in Ecuador's big cities are very high. There are modern public and private hospitals. Many doctors are studied or trained in Europe and the United States. Many Americans fly here specifically from the United States to see doctors, which is called medical tourism, because the cost of the same treatment here is only one-tenth to one-quarter of that in the United States. New immigrants can participate in the national medical insurance. If the main applicant pays more than 70 US dollars per month and the spouse pays more than 10 US dollars, they can receive free medical treatment in public hospitals. If they find a regular job, the employee will participate in the national medical insurance through the workplace, and the premium will be deducted from the salary. In addition, the employee's minor children can participate in the medical insurance for free. Residents who do not participate in national medical insurance can purchase commercial insurance and seek medical treatment in private hospitals with better conditions. Even if they pay out of pocket, it is not expensive. Each outpatient visit in a private hospital costs about US$20-30. In addition, in big cities, even residents without any medical insurance can receive free medical treatment at public health clinics and public hospitals directly under the jurisdiction of the Ministry of Health.
If the application is rejected, can the deposit be refunded?
In case of rejection, the lawyer can help the applicant negotiate with the bank to terminate the contract early and return the funds. You can also deposit enough for one year and withdraw the funds naturally after maturity. At that time, you only need to instruct the bank to remit the money to the applicant's designated account. This can avoid interest losses caused by early termination of the contract.
Do I need a physical examination to immigrate to Ecuador?
Immigration to Ecuador does not require a medical examination.
Is an interview required to obtain an Ecuadorian immigrant visa?
After the Immigration Bureau approves the application, the applicant needs to go to the Ecuadorian embassy or consulate in person to obtain an immigrant visa. The consulate will conduct an interview of about 10 minutes to understand the basic situation.
Is the cost of living in Ecuador high?
Everyone’s situation is different. Here is a general introduction to the situation of Cuenca . Cuenca is said to be the place with the highest cost of living in Ecuador. A two-story house, 120 square meters, three bedrooms and three bathrooms, fully furnished, rents for US$400 per month. This is considered a high rent. If the area is not so large or it does not come with furniture, the monthly rent is 250-300 US dollars. The basic monthly consumption of a family of three (including rent) is about US$800.
The following is the monthly expense record of an old American couple in Ecuador for reference: rent is $300; natural gas is $5; electricity is $30; water is $5; landline phone is $5; Internet is $20; cable TV is $20; supermarket shopping is $300; a total of $685.
In fact, the cost of living in Ecuador is low, but the deposit interest rate is very high. The one-year fixed deposit interest rate ranges from 5.5% to 8.5% (low for large banks and high for small banks). Therefore, if you bring a large amount of money to deposit in a bank, you can support yourself without working.
In Ecuador, the coast is generally cheaper than the plateau, because many materials need to be transported from the coast to the plateau. For example, seafood is abundant along the coast, but aquatic products are more difficult to buy on the plateau, or they are more expensive. Apart from the difference between the coast and the plateau, there seems to be little difference between large and small cities. Generally speaking, Ecuador is a country with a low cost of living. The only thing you need to pay attention to is that imported electrical appliances are very expensive due to tariffs, so you can consider bringing some home appliances and electronic products from home.
Can I ship my car from China to Ecuador?
As a Chinese passport holder, you cannot ship your car to Ecuador.
Under the new law, only Ecuadorians holding Ecuadorian passports who have lived in other countries for more than two years are eligible to ship their cars back to Ecuador.
Can I move my furniture and other items from China to Ecuador?
Yes, once you get your residence visa, you can import a container's worth of items into Ecuador duty-free.
I don’t have a pension, how can I go to Ecuador for retirement?
The professional visa is the best choice when you do not have a pension, as long as you have a university degree recognized by the Ecuadorian government.
If you don’t have a university degree, your best option is to invest in a visa by directly depositing a minimum of US$42,500 in a two-year time deposit in an Ecuadorian bank.
How long can I stay in Ecuador as a tourist?
Mainland Chinese tourists can enter Ecuador without a visa for up to 90 days (T3-visa). Of course, you can apply for an extension in Ecuador for up to 90 days. You can also apply for a six-month special visitor visa, or you can apply for both at the same time, allowing you to stay in Ecuador for up to a year.
You must enter Ecuador on a T3 visa and then apply for a 90-day extension before you can apply for the Special Visitor Visa. To meet visa requirements, you must be able to provide proof of financial means or international medical insurance to cover your travel expenses.
Does the bank statement need to be notarized?
Regarding the bank statements in the past three months, double authentication is not required. If you have opened online banking, you can directly take screenshots of the bank statements of the past 3 months in online banking as a voucher after you go here.
Regarding the deposit amount, the law stipulates that the deposit amount in the last 3 months must be greater than the minimum wage of $400 (2020).
Can notarized documents be translated into English?
All documents must be translated into spanish first, then notarized and double certified. It cannot be translated into English and the Ecuadorian government does not accept documents in English.
What taxes do you need to pay when buying a house in Ecuador?
In Ecuador, taxes are different in different cities, and the taxes in the city center and suburbs are also different. If you need to know the type and scope of taxes, you must first determine where you plan to buy a house.
Then I can give you a list of the types of taxes you may need to pay. Also, in Cuenca, sometimes the seller pays the main taxes.
If I choose to deposit money to apply for an investment visa, can I withdraw the money?
This amount is a time deposit and cannot be withdrawn within 2 years.Temporary residence cannot be suspended, but if you want to leave Ecuador, you can leave at any time. Before leaving, you can entrust someone in Ecuador to transfer the money to you after the deposit expires.
Currently, the government requires you to pay a 5% tax when transferring money out of Ecuador.
Is it safe to store money in bank ?
Everyone’s deposits in Ecuador are protected by the government, up to a limit of US$32,000.
If I apply for investment immigration by deposit, where is the money stored?
Your money is deposited directly in your local bank. You can open an account at a local bank and then transfer the money to the bank where you have the account. There are several local banks, and the interest rates on deposits at each bank are different.
We recommend JEP Bank first because the deposit interest rate reaches 8%. However, JEP Bank's transfer account is a collective account, not an individual account. Even if you have a personal account, the transfer is first deposited into the collective account and then transferred to your personal account.
For other local banks, such as Pichincha Bank, Guayaquil Bank, etc., after you open an account, the money is directly transferred to your personal account, so you can transfer money from mainland China to Pichincha Bank or other banks. But the deposit interest rate at Pichincha Bank and other banks is only about 3%. And if you choose these banks, regarding the time deposit as an investment immigrant, you must deposit in these banks for at least 2 years, and you cannot transfer the money after opening an account. Other cash deposits can be withdrawn after 6 months.
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