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Money in and out of Ecuador.




Hello Dom. Thank you for all of the great info and the report that you sent me. It has been quite helpful. I have a question about money in Ecuador. I have read for months about people establishing the 25k min CD as one of the qualifying requirements for a resident status visa. My question is two parts. 1. If you finally after all the research find that dream property, can the funds from the 25k (or more) CD be used in the purchase of the property? I understand that a lot of paperwork is involved with getting a valuation in an effort to substantiate the value for your expat status. My second question is this. If once established in Ecuador and you happen to sell a property, besides the 25k CD requirement, how hard is it to transfer fund from Ecuador to say the US? After 6 months of reading many blogs I have never seen this mentioned. Thanks in advance for all that you do. HH Florida

In: Ecuador Living Asked By: [2 Grey Star Level]

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