Retired US Military wanting to retire to coastline of Ecuador

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Retired US Military wanting to retire to coastline of Ecuador

Jan

2012

Hello! Loved the Q&A Forum! I’m a retired military officers on full retirement in my late 50′s. I’m recently divorced and looking to relocate to the coastal region of Ecuador. I have the following question:

1. Pensioner Visa? What are the advantages and disadvantages? I think I would qualify as we I get US government pensions over US $1000 per month. I would also be looking to buy permanent homes to ultimately become residents.
2. I enjoy fishing, beach activities, partying, gardening and beekeeping (2 or 3 beehives as a hobbies). Any thoughts as to beach areas that could sustain these hobbies?
3. Looking to probably rent until I figure out the best place to buy.

Any thoughts would be appreciated.

Jay

In: Ecuador Living Asked By: bearingpoint [2

]

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4 Answers

Answer #1

Hi Jay, I just rented a beachfront cottage in Salinas (not there yet), I figured that area was a good starting point as it is a fun tourist area, it looks like Miami from the 50′s or 60′s. Beach(bars) and gardening were on my list too.
I can share the name of my real estate agent, she gets a few rental condos, but I needed a house, to bring my lab with me.
I’m just starting the visa process, so I’m no help there! Tracy

Answered By: tracy [44

]

Answer #2

Hi Jay;

In response to your questions……
1. You would qualify as you make over the minimum amount necessary to apply….you may find the investors visa to be easier to get with a real estate purchase with a municipal value of at least $26,000.
2. Fishing is good all along the coast, beach activities as well, partying is best done in Montanita or Canoa, surf towns with mostly young people that leads to partying..;-). You could keep bees anywhere along the coast.
3. Great idea and make sure you check out the northern coast that is being talked about by all the international mags and publications.

Hope that helped.

larryp

Answered By: LarryP [322

]

Answer #3

Tracy & Larry! Thanks for the response! Very helpful.

Larry: Follow-up question around “Investors Visa”. What is the requirement to qualify and how long is that visa good for? Thanks!

Answered By: bearingpoint [2

]

Answer #4

Jay;

The investor visa currently has a requirement of $25,000 for a single and $26,000 for a couple. You can qualify by purchasing property with a municipal value (make sure the value is at least this at the municipio prior to buying) no matter what you are paying for the property. This can be accomplished easily by tax records. You can also put that amount into a CD type instrument at the bank. Either way will qualify you to apply for your residency visa which is good for 5 years before renewal currently. Laws and rules do change here and this information on time is months old so please re-verify with your attorney. It will take in reality anywhere from 5 to 7 months currently to get your residency visa no matter what anyone tells you. I have heard some have received theirs in less and others that have received it in more….so…who really knows, but many will tell you it will be done in 30 to 60 days…just don’t expect it to happen that fast. Good luck and if I can assist you further let me know…you can email me directly too.

larryp

Answered By: LarryP [322

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