1) $1700 for any Adult individual “Primary Applicant” (this INCLUDES all Ecuadorian Government Visa Fees) – $1500 for any Adult Dependent over 18 years of age (this again INCLUDES all Ecuadorian Government Visa Fees) – $750 for any Minor Child below 18 years of age (this once again INCLUDES all Ecuadorian Government Visa Fees) –– This pricing is 100% Totally … It is a temporary residence visa that allows expats to settle in Ecuador for long-term and can be converted to a permanent residence visa as well. 1. Although there have been instances in the past where expats have been able to get a retirement visa without a federal background check, you should not take chances with this. Prior to these changes, the minimum required income for the pensionado visa was $800. Copyright ©2021. If you’re wondering how much of your pension or annuity income you’ll need, you’ll generally be able to survive on less than $1,200 to $1,400 per month. It’s also wise to consider some of the country’s local health issues. The time to process Ecuador retirement visa can take any time from 2 weeks to 3 months. Many expats from the USA, UK, Canada, Australia, and European countries have used this visa to retire in Ecuador. You can print out a copy and keep it with your passport- as simple as that. The easy way to retire in Ecuador is to get your Retirement Visa in the US or Canada before you come to Ecuador. There are 13 different visa options in Ecuador, but the vast majority of expats gain residence with a Pensioner’s visa. As Ecuador is a Spanish-speaking country, you need to get the following documents translated to Spanish and notarized. If you are doing it by mail, you need to send the following documents to an Ecuador consulate in Washington DC or Houston or Miami or any other: Make sure that the cover letter lists what you have enclosed, your phone number/email, and do ask for a Certificate of Protocolization in that letter. Retirees are turning to other countries that offer low-cost retirement options. invest in a property and earn rent ……..and more, A recognized retirement income from the military, railroad, or anything else. You might also be able to qualify for residency through the country's investor visa program, which requires an investment of at least $40,000 in either real estate or a local bank certificate of deposit. So three times that is 2,213,151 pesos or only $753 at an exchange rate of 2,941 pesos to the USD. You’ll also want to consider the altitude differences in different areas. … Ecuador Visa, United Kingdom: Application, Requirements, Ecuadorian Visa Services by VisaHQ Ltd, London, UK. Apply Online. Have a question? The cost factor of retirement is important, but it’s also advisable to pay attention to a country’s political climate. With ideal weather conditions and favorable economic circumstances, an Ecuadorian retirement could be right for you. For pensioners, the country mandates a minimum pension or income of $800 a month, plus an additional $100 for each dependent. Photo credit: ©iStock.com/monkeybusinessimages, ©iStock.com/seb_ra, ©iStock.com/Milkos. Overview. Where you settle ultimately depends on what you’re looking for. Cities like Manta and Bahia de Caraquez border the country and offer their own perks for residents. You’ll also have the option of private health care. The online visa is sent by email to be printed out. Health, education and housing are also important, especially if you plan to bring dependents. An additional $100 of monthly income is needed … International Living named Ecuador its No. Karla. Some countries make it difficult for foreigners, including or even especially retirees, to take up full-time residence (New Zealand and Australia, for example). Your final cost will depend on how many documents you have and how many pages each one consists of. visiting Ecuador as a tourist for less than 90 days during any given year do not need to show proof of travel or health insurance So for example, $800 for main applicant + $100 for dependent = $900 total. This depends on the caseloads, whether or not you need to submit any extra documents and the Ecuadorian holidays. The Ecuador retirement visa or pensioner visa is by far the most common type of residency that expats apply for when moving to Ecuador. For countries not under the Hague Treaty the retirement … Ecuador's infrastructure has improved significantly over the past decade. I was at the Immigration office in Guayaquil and the director let me take the requirements packet and copy the requirements for the various visas. The retirement visa is issued for two years. Assuming a 4% Safe Withdrawal Rate (SWR), you can move to Spain with a retirement nest egg of roughly $722,125. What are the Ecuador Retirement Visa Requirements? For the Ecuador Investor Visa, you need to invest $40,000 + $500 for each dependent (as of 2020) in an Ecuadorian bank Certificate of Deposit (CD) for at least 2 years, the duration of your Ecuador Temporary Resident Visa. In order to get an Ecuador tourist visa, it is necessary to submit copy of recent HIV result certificate obtained within the last three months. Retirees generally apply for a Pensioner Visa in Ecuador (a.k.a. It really isn’t about actually being retired. It is the preffered option for expats with retirement income. Jim has run his own advisory firm and taught courses on financial planning at DePaul University and William Rainey Harper Community College. The minimum monthly pension accepted for this visa is 800 USDs. Ecuador is just one of the many countries that offer economically competitive conditions for U.S. retirees. Ecuador’s varied regions offer a wealth of climate and lifestyle options. But for this, you need to show extra income, which would be $100 per dependant. To qualify for a Colombia retirement visa, you must show that you have income of at least three times the minimum monthly salary in Colombia. The country also uses the U.S. dollar as its national currency, so you won’t have to worry about any exchange rates. It is issued to foreigners who want to live, study, work, or retire in Ecuador. Living in Ecuador. With the long list of retirement savings plans, it can be difficult to pinpoint exactly what your post-employment fund will look like. With its low cost of living, favorable weather conditions and free public insurance, the country could be right for you. Living in Abbotsford BC currently but seriously looking at Ecuador for retirement. In 2017, the minimum monthly salary in Colombia is 737,717 pesos. Is the Retirement Visa Electronic or a Sticker Visa? It’s called the ‘Visitante Temporal’ or VT visa. A certificate of protocolization is a certificate issued by a consulate of Ecuador, certifying your guaranteed income. Ecuador also gives retirees 50% off all public and private transportation, discounted electric and water bills, free local landline phone service and discounted tickets for cultural and sporting events. How Much Do I Need to Save for Retirement? Its proximity to the Andes Mountains and its range of historic sites and local restaurants have made it a popular destination for retirees. Ecuador offers a competitive retirement landscape for Americans looking for options abroad. Because other factor’s contribute to a country’s living conditions, potential Ecuador expatriates should also consider the country from a holistic standpoint. Up-to-date information on visas, and visa experiences from travelers, expats and immigrants. You’ll have many cities to consider while planning for retirement in Ecuador. Ecuador Retirement Visa Process – from an Expert. They can be issued for up to two years at a time, and can be renewed before they expire. The steps to apply an Ecuador retirement visa can seem a little overwhelming with all the apostilling, translation and notarization. Topic posted by DebbieH. You can convert your temporary retirement visa to a permanent residency visa if you have already had a two year temporary visa. 60-III: Pensioner: For expats with retirement income this is usually the preferred option since it requires no major capital investment. This will make finances and budgeting much smoother, since price conversions won’t be an issue. This makes the point that these programs change. Expats who want the … If not, then you can either petition to have it recognized, or try for another visa such as the Ecuador rentista visa or a professional visa for Ecuador. Because Ecuador’s constitution guarantees foreign residents the same rights as its citizens, retirees 65 years and older can also save on things like taxes and healthcare. Ask our Retirement expert. Marry an Ecuadorian—pretty strait forward: wedding bands lead to residency. The Visa Project . So you’ll want to keep this in mind when determining how to budget your Social Security benefit. Ecuador Tourist Visa Extension If you want to stay in Ecuador for longer than 90 days, you can extend your stay in a Migraciones office of Ecuador, in a city that has a regional city center. Ecuador Expat Forum: Retirement Visa. While moving to a different country can be extremely exciting, it doesn’t come without residency policies. A letter for travel insurance that covers 90 days (what you can get upon entering) should be sufficient. Here is a step by step guide on how to submit an Ecuador visa application. 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