Live and Invest in Ecuador

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Renewed Interest in the Land of Perennial Spring and Long Living

EcudorWaterFallEverything you’ve heard about Ecuador is true. The country offers perennial springtime in the mountains…a land of longevity in Vilcabamba…and Spanish-colonial charm in Cuenca…all of which can be enjoyed on even an extremely modest budget.

Ecuador is not known for its beaches, and its coast remains relatively undeveloped. Current talk of a new beach road, though, is bringing investor attention to one particular stretch of coast, giving our editors reason to return Ecuador to our active radar screen.

 

 

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Ecuador at a Glance

Population 13.7 million (July 2007)
Gross Domestic Product (GDP) $98.28 billion (2007)
GDP Per Capita $7,100 (2007)
Inflation Rate 3.3% (2007)
Currency U.S. Dollar
Exchange Rate Versus U.S. Dollar N/A
Language Spanish (official)
Capital Quito
Population of Capital City 1.8 million (2001)
Time Zone GMT minus 5
Seasons Coastal area is tropical–wet, warm/hot year-round Andean Highlands is temperate–four seasons
International Dialing Code 593
Electricity 120-127 V/60 Hz; Plug Types: A & B (U.S. style)
Presidential Republic
Name and Party Affiliation
of Current Leader
Rafael Correa, Alianza PAIS
Income Tax Rate for Residents 5% to 25%
Property Tax 0.025% to 0.5%
Capital Gains Tax 25% of the increase in assessed value
Inheritance Tax 0% to 35%
Rental Income Tax Taxed as regular income
Transfer Tax 1%
Sales Tax 12%
Restrictions on Foreign
Ownership of Property
Permisson needed (usually granted) to acquire land within 30 miles of the coast
Local Chamber of Commerce www.ccq.org.ec
Av. Republica y Amozonas
Edif. De las Camaras, Pisos 5 y 6
Quito, Ecuador
ccq@ccq.org.ec
American Chamber of Commerce www.ecamcham.com
Av. 6 de Diciembre y La Nina
Edf. Multicentro, Piso 4
Quito, Ecuador
Tel: (593-2)507-450
Primary Exports Petroleum, bananas, cut flowers, shrimp, cacao,coffee, hemp, wood, fish
Residency and Visa Requirements Tourist Visa: automatic 90 days upon entry
Residency: Retirement, Real Estate/Securities Investor, Industry Export Investor, Executive
Citizenship: Three uninterrupted years of legal residency
Special Benefits for Foreign Residents or Retirees None
National Airline TAME
www.tame.com.ec
Preferred Contact

 

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Live And Invest Overseas

Live and Invest Overseas is the world's savviest source for top opportunities to live better, retire in style, invest for profit, do business, and own real estate overseas. Established in 2008, the Live and Invest Overseas' editors and correspondents have more experience researching and reporting on top opportunities for living well, investing for profit, doing business, and owning real estate around the world than anyone else you'll find.