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Establishing Residency In Ecuador

“Kathleen, my husband and I are very interested in Ecuador, because we don’t have much retirement. All of our money has gone to child support. I get only US$565 a month in Social Security, and we have only about US$20,000 in equity in our home. I understand we have to prove US$800 a month income or have US$25,000 to create an account in the Bank of Ecuador in order to qualify for residency in that country. By the time we sell everything, pay off our credit cards and other debts, pay for the visa and other paperwork, we won’t have enough for the bank deposit. Is there any way around this?”

–Ellen H., United States

Unfortunately, no. However, if you and your husband are both receiving Social Security, I believe you can combine the two payments to meet the income requirement. Speak with an immigration attorney in Ecuador for more information.

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“Kathleen, I have been thinking of signing up for your Belize conference but am hesitating because of the results of my research as to weather in that country. While I enjoy visiting the beach for several days at a time, I prefer to make my home at higher elevations where cool weather is the norm.

“In researching elevations in Belize, it would appear that even in the Cayo you are still at a relatively low elevation. It would appear then that no matter where you are in Belize, you would be living in a rather hot tropical environment, which would eliminate that country from my consideration.

“Am I fairly on track here with my research?”

–Bill N., United States

Yes. Belize is not a cool-weather choice. The temperatures in Belize range from 50 to 95 degrees Fahrenheit, with an annual mean of 79 degrees Fahrenheit.

November through January are the coolest months, when the average temperature is 75; May to September are the warmest months, when the average temp is about 81. The Cayo can be several degrees cooler than along the coast, and, in November, nighttime temperatures in this part of the country can fall as low as 46 degrees Fahrenheit, but this doesn’t happen often.

If you want cooler weather year-round, Belize is probably not for you.

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