Ecuador a safe haven for enemies of the USA?

06 July 2013

I recently got this email from a subscriber… “I enjoy your emails about Ecuador but have become concerned that it  is becoming known as the safe haven of enemies of the United States.  First it was Julian Assange from Wikileaks, and now it is Edward Snowden.” My response:  Well, yes, it is becoming a safe-haven, […]

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Posted in Ecuador for Investors, Expat Lifestyle

Abusive landlords in Ecuador: Ecuador Rental Law

29 June 2013

“Come on man, help me grab her washing machine.” My Ecuadorian friend (and roomate at the time) yelled. “Naw man, even if she did screw me, and I don’t mean that in the positive sense, I’m not about stealing people’s shit.” I responded. “Thats how we do it in Ecuador.” He responded. You see, recently […]

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Posted in Ecuador for Investors, Expat Lifestyle

6 month Conclusions: The Ecuador tiki hut building project

6 month Conclusions: The Ecuador tiki hut building project

23 June 2013

  OK, so it’s been a bit over 6 months since I finished my Tiki Hut building project on the coast of Ecuador near Montanita. It’s hard to declare something a success when you finish building it. You gotta wait and see how it actually rents.  And now, the numbers are in. 3 tiki huts […]

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Posted in Ecuador for Investors, Investor News/Analysis

How I lost $49k overnight in Ecuador

16 June 2013

Picture this… You sell your business. And after paying off your debts put the profit in the bank. A cool $49k. Then you see on the news your bank, one day working as usual, and the next, closed! And your moneys gone. No, its not the 1930s, thats exactly what happened to me this week […]

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Posted in Ecuador for Investors, Expat Lifestyle, Investor News/Analysis

The dos and donts of hiring employees in Ecuador

02 June 2013

Today is the 6th and final installment in the series “Starting a business in Ecuador”.   “I’d hire an employee in Ecuador but I don’t want them to sue me.”  I hear a lot. “Are you dumb or just plain ignant.” I always want to respond. It’s true, the employment laws are quite different in […]

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Posted in Ecuador for Investors, Expat Lifestyle, Investor News/Analysis

What you wont be good at in Ecuador

31 May 2013

This is the 5th installment in the “Starting a Business in Ecuador” Series. The next big step in starting your business in Ecuador is a fun one… buying stuff. Furnishing it… in other words. And it’s important you understand something before you attempt it. No matter how long you live in Ecuador, no matter how […]

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Posted in Ecuador for Investors, Expat Lifestyle

The $200k fu*k up in Ecuador

26 May 2013

Today is the 4th installment in the series “Starting a business in Ecuador”. “Damn, that sucks for that guy.” I said, standing across from a mentor of mine, an older Ecuadorian friend. “Yep, it does.” He responded in Spanish. We were in the street looking at a sparkly new hotel finished to the tee, but […]

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Posted in Ecuador for Investors, Expat Lifestyle

A necessary evil in Ecuador: How to get your RUC

20 May 2013

Today is the 3rd installment in the series “Starting a business in Ecuador”.       After defining your business idea, how you plan to fund it, and what type of legal entity your business will be, the next very important step in Ecuador is obtaining your tax ID number, or “RUC”. If you’re thinking about […]

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Posted in Ecuador for Investors, Investor News/Analysis

Funding your Ecuador start up through the backdoor

Funding your Ecuador start up through the backdoor

12 May 2013

You don’t need money to start a business. You need balls. It’s true, for the right idea, the money seems to appear. I arrived in Ecuador a little over a year and a half ago… a few thousand in debt from years of travel abroad. Upon arrival I rented a hole-of-a-room in Quito with a […]

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Posted in Ecuador for Investors, Expat Lifestyle

12 must-watch movies to get you hyped for Ecuador

12 must-watch movies to get you hyped for Ecuador

10 May 2013

Want to get pumped for an upcoming trip (or move) to Latin America? Sometimes there’s nothing better than a good movie to do the trick. Here are 12 of my top picks to really get you in the mood for Ecuador (or anywhere south of the border). 12. Yuniol – This hilarious Dominican film is based in […]

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Posted in Ecuador for Investors, Expat Lifestyle

The first step to starting a business in Ecuador: choosing a business type

05 May 2013

There’s a lot of bad information out there on this topic. And it can cost you thousands. I for one have been burned due to choosing my business type inconrrectly. Lawyers are supposed to know the difference, and they’ll say they do. But most don’t. The first step to starting any new business in Ecuador […]

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Posted in Ecuador for Investors, Investor News/Analysis

The biggest benefit to being a foreigner in Ecuador is…

30 April 2013

Sometimes you just have to play the cards you were dealt. You have to accept the negatives to being a foreigner in Ecuador (one is that you will NEVER get the same prices for most things that the locals get, no matter how long you live here nor how well you speak Spanish. It is […]

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Posted in Ecuador for Investors, Expat Lifestyle

2 businesses everyone should be into… in Ecuador

28 April 2013

I think everyone should be in two types of businesses… in Ecuador. Hospitality and agriculture. Agriculture is self-explanatory. Some people invest in metals, others the stock market, others rely on their pensions, but I say, if/when the sh-i-t really hit the fan, I think its best to have something real, something people need… like food.  […]

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Posted in Ecuador for Investors, Investor News/Analysis

The 14 easiest ways to get robbed in Ecuador

24 April 2013

“So, they got me for $2000.” My friend said upon recently entering Ecuador 30 minutes earlier. “Mother f##kers man,” I responded shaking my head with disgust. You see, he and his friend just came into Ecuador with $13k in cash each, the limit according to the Ecuador customs official was $10k per person. The official […]

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Posted in Ecuador for Investors, Expat Lifestyle

Sold Hostal Murali, now what?

21 April 2013

This week I sold a business I owned and ran for a year and half, Hostal Murali in Guayaquil, Ecuador. It was going good, in fact, January of this year, 2013, was a record month in sales for us. It wasn’t even really for sale. I just got an offer and took it. Business is […]

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Posted in Ecuador for Investors, Investor News/Analysis

Should you rent or buy in Ecuador?

14 April 2013

I get this question a lot… “Should I Rent or Buy property in Ecuador?” Complicated question, with a simple answer. Most people who move to Ecuador wish to at least maintain their standard of living, if not improve it, while seriously lowering their cost of living. To do that, you should buy on the coast […]

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Posted in Ecuador for Investors, Investor News/Analysis

The Teakwood Business in Ecuador Uncovered

07 April 2013

Teak wood is at a premium. India craves it. And Ecuador has it. And right now the Ecuador government is offering an incentive for reforestation projects reimbersing 75% of the operating costs of any reforestation project for the first 4 years of growth, which happen to be the most costly years of the harvest. Teak […]

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Posted in Ecuador for Investors, Investor News/Analysis

My 1st export from Ecuador: the good, the bad, the ugly, + the ABCs

05 April 2013

Recently, I completed my first export from Ecuador.  Ecuador-themed 2013 wall calendars.  A big 9 kilo box of them.  What did I learn?  Well, it’s not as easy as just taking them to DHL and “chao”.  1. First, you have to check to see if the product you’re shipping will have to pay import tariffs […]

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Posted in Ecuador for Investors, Expat Lifestyle, Investor News/Analysis

What pays in Ecuador and what don’t

31 March 2013

“I’d love to offer my marketing service to Ecuador businesses, but what would they pay me?” A friend told me recently over a coffee in Ecuador. He was right. Did Ecuadorian businesses need his service, just like businesses in the US do? Yes. But were they willing to pay him what the service is worth? […]

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Posted in Ecuador for Investors, Expat Lifestyle, Investor News/Analysis

22 things that will shock you in Ecuador

30 March 2013

There´s a few things in Ecuador that will straight shock you when you see them… …like when… 1.You see Ecuadorian males drown their French fries in Mayonnaise. 2. You see milk in unrefrigerated boxes on the shelves of grocery stores. 3. You pay $1 for a taxi ride in Quito, Cuenca or many of the […]

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Posted in Ecuador for Investors, Expat Lifestyle

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