The Galapagos: off-limits to retirees, or is there a loophole?

There’s only one place in Ecuador with Caribbean-like, snow-white sand beaches and emerald green water…it’s a little bit of the South Pacific, and a little bit of Ecuador….

… and it’s the only place in Ecuador that attracts the high-rollers…

…you know, the ones that spend $10,000 for a week-long cruise.

And you’ve never heard it mentioned as a possible retirement destination, until now…

The Galapagos Islands.

Problem is that the whole area is considered a National Park, making immigration and foreign investment laws tight.

Foreigners (not even Ecuadorians who aren´t from the Galapagos) can not buy property in their own name, or spend more than 3 months a year in the Galapagos.

But I think I found a loop hole.

And I’ll share it with you.

Recently, I discovered this loop-hole right from the source, talking to the current manager of the Property Registry Office while I was in the Galapagos.

With at least one local from the Galapagos as a minority partner, foreigners can start a business in the Galapagos.

The local partner can own a small, almost symbolic percentage of the shares, they don’t have to be the majority owner (I asked).

And then you can buy a property in the Galapagos under the name of the Galapagos-founded company.

Foreign companies can NOT buy property in the Galapagos in this manner.

And then the easiest way to become a legal resident is to get a work permit, as investor and retiree visas are not given.

One way to do so would be for your Galapagos company to hire you. Yes, in essence, you’d be hiring yourself.

But that’s the only way I’ve found for foreigners to live and invest in the Galapagos.

Buying in the Galapagos can be a complicated, risky venture. But it just may be worth the risk.

Of course, this theory still has to be proven, I’ll let you know how it goes.

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