Retiring to this extraordinary South American country is a win-win situation. Welcome to Ecuador! Please note: An earlier version of this story incorrectly listed the Ecuadorian sales tax as 12 per cent. It is 14 per cent. Monday, July 11, Mary Teresa Fowler is a Canadian freelance writer who has created content about travel in Eastern Canada, as well as other countries. She has written in varied fields and several formats and been published in US and Canadian publications.
Mary Teresa has created online kindness and anti-bullying campaigns. She loves the simple things in life, walks daily, finds tremendous peace in nature, music, and believes in "family-first" - above all else. Anyone who believes anything written by International Living, is not playing with a full deck. All IL is interested is selling tours and publications. Having visited Ecuador since and lived here permanently since Aug , I can say that you should not rely on this article to make a decision on whether to move to Ecuador.
There are some great things about Ecuador, but there are also some not so great. This is a rose colored article worthy of International Living. Do, come here and put boots on the ground to get the real truth about living in Ecuador. Hi, the length of time a person holding a residential visa is able to travel outside of the country is 18 months in every 5 year period after the 2 year period following receipt of their residency Visa.
So yes, your comment is correct, but fails to note the current limitation. Hi, regarding the length of time a person with a resident Visa in allowed to be out of Ecuador is 18 months in every 5 year period following the 2 years after a person received their resident Visa. I would feel very embarrassed to ask for a senior discount even with my pension that is not so great.
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They are the one who need the discount in my opinion, not us expats. I forgot to add that I agree with Malcom and Marc. This article is written by someone who wants to sell something. I object to this article because it raises unrealistic expectations. It should also mention the hundreds who leave Ecuador every year when they realize that it is not as rosy as described in the above article.
But for those of us who are willing to see Ecuador as it really is, accept the poverty, learn the language and the culture to communicate with their poor neighbors to discover their story, it is definitively a fabulous learning experience that changed me for the best. I am surprised Gringo Tree would publish this article. It sounded as though it was written by International Living and there is not one negative and or challenge that many expats experience including culture shock and missing friends and family.
It is this type of propaganda that prompted me to write about the challenges that many face and experience while living in Ecuador. It does not mean Ecuador is not a wonderful place and many expats are enjoying their lives there. I love Ecuador and have been studying the culture for over 35 years and find it fascinating. Nevertheless, it is important when someone is moving to a foreign country to have a better idea of the daily realities of living in a place.
The IVA refund — many expats are reporting that it is quite an onerous process to gain the refund and that payment times are getting slower all the time. And, it could be gone at the whim of the government.
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The 50 percent off airfare — There may be some that use this but my research shows that the restrictions are difficult and that after all is done, the passenger may have done better locating a good sale price on the internet or through a travel agent in Ecuador. The author makes no mention of the numbers of expats that leave after great expense in moving there after glowing rose colored reports.
She makes no mention of the cultural differences, which are many and often play a role on an expat leaving. It does not mean Ecuadorians generally are not wonderful people. There are many and I married an Ecuadorian over 35 years ago. But there are differences and if you see the world in terms of black and white and cannot tolerate the shades of gray, it may not be an ideal place for you.
One must be prepared for the differences which for many makes it an attractive place to live or retire. There is no comment about the earthquake in April in which many expats lost their homes and or their life savings by investing in property.
As well no mention of the political situation which can be described as tense. However, prices have increased significantly over the last two years and many imported items previously found are no longer available. The fact is many items are more expensive in Ecuador. Nicholas, your comments are spot on. The article reads just like and IL advertisement and while there are many positive truths written, there is no mention of the not so rosy picture of the stray, starving dogs in the streets, the visible garbage everywhere and the louder than loud parties that start at 10pm and can go until 5:ooam with no regard for neighbors.
If only I knew then what I know now after having lived here for 4 years My advice for someone thinking of moving to Ecuador is to live here for at least 6 months to 1 year and rent before buying.
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Word of mouth within the expat community can help a newbie expat avoid some costly mistakes by using recommendations gathered from experiences. Best to see the full picture of what you may be getting into as one cannot truly experience a new life in a new country after just a few weeks of visiting or reading rose-colored articles.
There is always two sides to a story and it is best to hear from both sides. As Paul Harvey used to say…and now the rest of the story! Your Comment I agree with the first two gentlemen their article was pushed with the belief they were selling something like the magazine. At the moment the complete city is dug up now some say for 3 month some say for 5 month some say it will be lucky if it gets all done in a year. Have you ever seen a city torn up completely well it looks like a Hell Whole they say it will be great but it has put a lot of people out of business.
Oh wait another decision they are digging the runway at the airport when it rains it pours they have to no coice but it is funny. So if your coming now is not the time people are falling braking legs, ankles and arms. Ask your land lord or manager where you go for water for your place have him print it on paper and address. You will be there a long time patience.
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It is there you point out your age 65 and over to get discount. Now unless they have changed the rules which they do daily that was it for me. Save all paper work. Any benefits they offer are not easy to get you need lots of paper work originals and it take months months and some times it is just easier to hire an expert to walk you through their system with you because they speak Spanish and know where to go. It sounds like a great opportunity to me. I am currently deciding between Spain and Ecuador as places to live in my older years.
I agree, too, with the perception many responders have about International Living: an increasing slant toward sales pitch and boosterism. My wife and I are pretty much sold on moving to Ecuador in late or in This site has been a breath of clear air as opposed to rarified IL air. The truth shall set you free.leondumoulin.nl/language/archetypes/dictatresses-she-shall-have.php
Making Up the Difference: Women, Beauty, and Direct Selling in Ecuador
Planning to move by , but looking to make the flight down to find a spot, invest in land or a house and pay it off prior to making the move. Question for anyone out there… what beach community would you recommend? Choose something smaller and more relaxed than Salinas unless you wanna pay more and live luxuriously, As far as beach towns in that area go Olon or Ayampe are good small options to consider. This article was the latter. Others might have different and more personal experience on which they base their views.
I respect all opinions, however, I just noticed one comment posted here with which I must take exception. It was posted quite a while ago, but it is very important to me that I set the record straight on this matter. It is deeply upsetting to me that anyone on this planet would think that I would publish such an article after a tremendous loss of life and property and not include my thoughts and prayers for Ecuador and its people.
I understand, of course, how Mr.
Crowder would make that point if he had not known about the previous publication. My freelance writing involves working for clients who, obviously, have their own agenda in arranging these projects. I do not ever write anything, however, which I know to be false but, above all, I never put anything on paper which goes against my principles.
I would not just casually overlook or forget to mention about a recent tragedy in an article about the affected country. Read This First. Photo Source: Baby Boomer Retirement. Licensing fees are called "conservation patents" and increase over the life of the concession. Concessions can be both transmitted passed on to heirs and transferred rented, leased, or sold. Four major mining companies were awarded concessions in Foreign oil companies still have to work with PetroEcuador, the state oil company, which is judged to be sorely in need of foreign investment funds, particularly after the government default in and near-collapse of domestic banking system.
Flows increased further in , with the vast majority going to petroleum and mining. Ecuador's good relations with the United States, plentiful natural resources, low wages and property costs, and membership in the Andean Community all serve to attract FDI. Detracting from these advantages, however, are the skills shortage, legal insecurity, and a small, infrastructurally underdeveloped business sector.
Free trade agreements with Colombia, Venezuela, and Bolivia were signed, and new investment regulations were adopted to open up the economy to foreign investment and eliminate previous bureaucratic impediments. High debt service obligations and external payments arrears to commercial banks impaired Ecuador's economic growth during the rest of the s.
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