• About Us
  • Contact Us
  • Privacy Policy
  • Terms
  • Unsubscribe
No Result
View All Result
Live and Invest Overseas
FREE REPORT
BEST PLACES TO RETIRE
*No spam: We will NEVER give your email address to anyone else.
  • HOME
  • COUNTRIES
    • Top Destinations
      • Portugal
      • Panama
      • Belize
      • France
      • Colombia
      • Dominican Republic
      • Thailand
      • Mexico
      • Spain
      • Argentina
    • Browse All Countries
    • Best For
      • Retire Overseas Index
      • Health Care
      • Cost of Living
      • Investing in Real Estate
      • Editor’s Picks For Retirement
      • Establishing Residency
      • Starting an Online Business
      • Single Women
      • Playing Golf
  • BUDGETS
    • Super Cheap ($)
      • Cuenca, Ecuador
      • Chiang Mai, Thailand
      • The Philippines
      • Las Tablas, Panama
      • Granada, Nicaragua
    • Cheap ($$)
      • Algarve, Portugal
      • Medellin, Colombia
      • Boquete, Panama
      • Carcassone, France
      • Buenos Aires, Argentina
    • Affordable ($$$)
      • Abruzzo, Italy
      • Barcelona, Spain
      • Las Terrenas, Dominican Republic
      • Puerto Vallarta, Mexico
      • Costa de Oro, Uruguay
    • Luxury On A Budget ($$$$)
      • Ambergris Caye, Belize
      • Paris, France
      • Panama City Beach Area
  • Real Estate
  • ARCHIVES
    • Living & Retiring Overseas
    • Raising A Family Abroad
    • Foreign Residency & Citizenship
    • Offshore Diversification
    • Our Latest On Coronavirus ⚠️
  • Making Money
    • International Real Estate
    • Banking
    • Employment
    • Investing
  • CONFERENCES
  • BOOKSTORE
Live and Invest Overseas
  • HOME
  • COUNTRIES
    • Top Destinations
      • Portugal
      • Panama
      • Belize
      • France
      • Colombia
      • Dominican Republic
      • Thailand
      • Mexico
      • Spain
      • Argentina
    • Browse All Countries
    • Best For
      • Retire Overseas Index
      • Health Care
      • Cost of Living
      • Investing in Real Estate
      • Editor’s Picks For Retirement
      • Establishing Residency
      • Starting an Online Business
      • Single Women
      • Playing Golf
  • BUDGETS
    • Super Cheap ($)
      • Cuenca, Ecuador
      • Chiang Mai, Thailand
      • The Philippines
      • Las Tablas, Panama
      • Granada, Nicaragua
    • Cheap ($$)
      • Algarve, Portugal
      • Medellin, Colombia
      • Boquete, Panama
      • Carcassone, France
      • Buenos Aires, Argentina
    • Affordable ($$$)
      • Abruzzo, Italy
      • Barcelona, Spain
      • Las Terrenas, Dominican Republic
      • Puerto Vallarta, Mexico
      • Costa de Oro, Uruguay
    • Luxury On A Budget ($$$$)
      • Ambergris Caye, Belize
      • Paris, France
      • Panama City Beach Area
  • Real Estate
  • ARCHIVES
    • Living & Retiring Overseas
    • Raising A Family Abroad
    • Foreign Residency & Citizenship
    • Offshore Diversification
    • Our Latest On Coronavirus ⚠️
  • Making Money
    • International Real Estate
    • Banking
    • Employment
    • Investing
  • CONFERENCES
  • BOOKSTORE
No Result
View All Result
Live and Invest Overseas
No Result
View All Result

Things To Know About Starting A Business In Ecuador

Kathleen Peddicord by Kathleen Peddicord
Feb 19, 2013
in Employment
0
green mountains with low clouds in Ecuador
219
SHARES
3.1k
VIEWS
Share on FacebookShare on Twitter

Most Important Thing To Know About Starting An Import-Export Business In Ecuador (And Much, Much More)Retire to Ecuador

“Perhaps the most appealing thing for me about retiring in Ecuador is the variety of lifestyles on offer. I think of it as a country of mega-diversity in all ways–from the flora and fauna to the retirement lifestyles and the cost of living…”

–Lee Harrison, on why he and his wife chose to retire to Ecuador 12 years ago

“Most common means of transportation in Cuenca is walking. You likely will find that you walk a lot more in Cuenca than you did back home, wherever that was, and I can tell you that you’ll probably lose some weight as a result. I know I did…”

–David Morrill, on the benefits of living in Cuenca

“Ecuador is unique in that foreign retirees living here with a pensionado visa are allowed to get a job if they want to. In most other countries, pensionado visa holders are prohibited from working…”

–Attorney Bruce Horowitz, on options for acquiring residency in Ecuador

“One big plus for us living in Ecuador is the medical care. It’s so much more personal than in the United States. We have two young children. We can speak with their pediatrician anytime we want to, and he’ll spend an hour or more at a time answering our questions. Of course, it’s nice that health care is also so much cheaper here than in the States…”

–American expat-entrepreneur Jeff Stern, on why he and his wife have chosen to raise their family in Ecuador

“One thing I still appreciate very much about Ecuador is that it is a genuinely non-intrusive government. Nobody’s reading your e-mails here…”

–Lee Harrison, on why Ecuador

“Americans are very trusting. This is partially a cultural thing, but it’s also because Americans count on recourse. We come from a place where there’s a functioning judicial system…and where the Better Business Bureau is always on our side. You need to recognize that Ecuadoreans don’t come from the same background and don’t approach life or business from this point of view…”

–American expat-entrepreneur Jeff Stern, owner of Gianduja Chocolate, www.giandujachocolate.com, on doing business in Ecuador

“One of my favorite things to do on a Sunday in Ecuador is drive to Ayanque beach, about 30 minutes north of Salinas, where I live, and have a lobster lunch. Tables and chairs are right on the beach. I take off my shoes and dig my toes into the sand while I crack open my lobster and watch the surf. I order a couple of beers and make an afternoon of it. Great day…for all of about US$8…”

–American expat Mike Sager, on the beach life in Ecuador

“If you buy a US$40-a-square-foot house, you’re getting a US$40-a-square-foot house…remember that as you compare real estate prices and values…”

–American expat and property developer Mike Cobb, on investing in real estate in Latin America

“You learn that you have to pick your battles. Things work the way they work here. You’ll run out of time and energy before you’ll change anything. You need to accept that…”

–American expat-entrepreneur Jeff Stern, owner of Gianduja Chocolate, on doing business in Ecuador

“Historically, the United States has taken a self-assessing approach to taxation. This has made the country unique in the world. We Americans report our own income and figure our own tax due. No more. FATCA is the end of this. Now the IRS is going to take the tax itself, pro-actively, at the border…”

–U.S. tax attorney Chris Braun, on preparing for the implications of FATCA legislation

“At first I loved the lack of regulation in this country. Then I realized that this is a double-edged sword. I could make a U-turn or go the wrong way down a one-way street without worrying about getting a ticket, for example. But I didn’t appreciate it when I encountered another guy coming at me the wrong way down a one-way street…”

–Lee Harrison, on the pluses and the minuses of living in Ecuador

“My best advice for anyone going into the import-export business in Ecuador is to start small. Focus on a few specific products of really good quality. Avoid commodity items. You want a better margin than that…”

–Exporter Roberto Ribadeneira, owner of Ecuador Shop (aka Latin America Shop), www.ecuadorshop.net

“One big selling point for products from Ecuador is that they are handmade. This isn’t China. We don’t mass-produce things here. Everything is special and therefore more sellable…more competitive…”

–Exporter Roberto Ribadeneira, owner of Ecuador Shop (aka Latin America Shop), www.ecuadorshop.net

“Don’t use the public health care…avoid the long-distance buses (because they have horrible safety records and crash regularly)…”

–American expat Jeff Stern, on things not to do in Ecuador

“Ecuador is definitely a ‘pay-as-you-go’ choice when it comes to health care. That is, I’d say that the cost of care is definitely so low you don’t need to worry about investing in health insurance…”

–Lee Harrison, on considering your options for health care in Ecuador

Kathleen Peddicord

 

Continue Reading: Best Places For A Single Woman To Retire Overseas

Comments

Tags: 'Lee Harrison'David MorrillHealth Care In EcuadorImport-Export From EcuadorJeff SternResidency In EcuadorRetire To Cuencaretire to EcuadorStarting A Business In Ecuador
Share89Tweet54
Previous Post

Travel Diversity In Ecuador From The Andes To The Amazon

Next Post

Countries With The Most Guns

Kathleen Peddicord

Kathleen Peddicord

Kathleen Peddicord has covered the live, retire, and do business overseas beat for more than 30 years and is considered the world's foremost authority on these subjects. She has traveled to more than 75 countries, invested in real estate in 21, established businesses in 7, renovated historic properties in 6, and educated her children in 4.

Kathleen has moved children, staff, enterprises, household goods, and pets across three continents, from the East Coast of the United States to Waterford, Ireland... then to Paris, France... next to Panama City, where she has based her Live and Invest Overseas business. Most recently, Kathleen and her husband Lief Simon are dividing their time between Panama and Paris.

Kathleen was a partner with Agora Publishing’s International Living group for 23 years. In that capacity, she opened her first office overseas, in Waterford, Ireland, where she managed a staff of up to 30 employees for more than 10 years. Kathleen also opened, staffed, and operated International Living publishing and real estate marketing offices in Panama City, Panama; Granada, Nicaragua; Roatan, Honduras; San Miguel de Allende, Mexico; Quito, Ecuador; and Paris, France.

Kathleen moved on from her role with Agora in 2007 and launched her Live and Invest Overseas group in 2008. In the years since, she has built Live and Invest Overseas into a successful, recognized, and respected multi-million-dollar business that employs a staff of 35 in Panama City and dozens of writers and other resources around the world.

Kathleen has been quoted by The New York Times, Money magazine, MSNBC, Yahoo Finance, the AARP, and beyond. She has appeared often on radio and television (including Bloomberg and CNBC) and speaks regularly on topics to do with living, retiring, investing, and doing business around the world.

In addition to her own daily e-letter, the Overseas Opportunity Letter, with a circulation of more than 300,000 readers, Kathleen writes regularly for U.S. News & World Report and Forbes.

Her newest book, "How to Retire Overseas: Everything You Need to Know to Live Well (for Less) Abroad," published by Penguin Random House, is the culmination of decades of personal experience living and investing around the world.

Related Posts

Piggy bank
Employment

How To Budget When Moving Overseas

by Live And Invest Overseas
September 29, 2020
0

When planning a move overseas, most people are concerned with how much money they will need to achieve their retirement...

Read more
work overseas

What You Need To Work Overseas

September 6, 2020
friends getting food from food truck

10 Ways To Make Money Overseas

June 30, 2020
peniscola port in valencia spain

8 Overseas Options Where You Can Work From Home

June 16, 2020
retirement

How to Make Money in Retirement

June 5, 2020
digital nomad working at the beach

The Unvarnished Truth About The Digital Nomad Lifestyle

April 24, 2020
digital nomads working in cafe

Ranking Medellín, Colombia, As A City For Digital Nomads

February 7, 2020
Next Post
Countries With The Most Guns

Countries With The Most Guns

A world full of fun, adventure, and profit awaits! Sign up for our free daily e-letter, Overseas Opportunity Letter, and we'll send you a FREE report on the 10 Best Places To Retire In Style Overseas Today.

Start Your New Life Today, Overseas

how to retire overseas

LIOS Resources


  • New To LIOS
  • Ask An Expert
  • Media Center
  • Contact Us
  • FAQs

Quick Links


  • Best Places To Live
  • Best Places To Retire
  • Finding A Job Overseas
  • Real Estate

Sign up for our free daily e-letter, Overseas Opportunity Letter, and get your FREE report: The 10 Best Places To Retire Overseas In 2021

  • About Us
  • Contact Us
  • Privacy Policy
  • Terms
  • Unsubscribe

© 2008-2021 - Live and Invest Overseas - All Rights Reserved.

No Result
View All Result
  • Home
  • Countries
  • Budgets
  • Archives
  • News
  • Events
  • Bookstore
  • Newsletters
  • About Us
  • Members Area
  • Contact Us

© 2008-2021 - Live and Invest Overseas - All Rights Reserved.

WANT TO RETIRE OVERSEAS?

Sign up for our free daily e-letter, Overseas Opportunity Letter, and we’ll immediately send you a free report on the 10 BEST PLACES TO RETIRE in style overseas. Each day you’ll learn about the best opportunities for international living, retiring overseas, offshore diversification and asset protection, and investing in real estate around the world.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.