Archive | Ecuador Q&A

How Ecuador compares to the big boys

The first thing people ask me when they meet me is…

So why’d you choose Ecuador?  

Good question. 

Well, here’s how Ecuador compares to the other countries where I’ve lived or spent significant time over the last 10 years.

Here’s my take based on my own experiences, despite my critique i really did enjoy each place listed below…

Spain:  Lived in Madrid for 8 months studying abroad.  In this part of Spain the climate swings from dreadfully cold in winter to scorchingly hot in the summer.  Ecuador has much more mild and steady weather.  Also, quite a few, not all, of the locals in Spain were a bit xenophobic, or rascist towards foreigners, specfically gringos like me, not so in Ecuador.

Hawaii:  Studied and worked here for 1 year.  Hawaii IS paradise, but it is expensive too and this is another place where the locals don’t think too kindly of white “howleys” (people not from Hawaii).  Hawaii is small and I think most can get burned out quick.  Ecuador has more variety like the Andes, Amazon and coast plus it has more things to do.  

San Diego, California:  Lived and worked here for 4 months.  Nice weather, beautiful city, tons to do, friendly people, good tex mex food.  Great place with lots of money to make, really no complaints but real estate and rental prices are really high meaning I would have to take on a job I really don’t like just to keep spinning my hamster wheel just to make it.  I prefer being able to have the time to do what i really want to do in a place like Ecuador.  


Lithuania:  Lived and worked in Vilnius for 1 month.  Too cold for me, if I’m going to be sitting through a snowy winter I better have some mountains to ski nearby.  

Italy: Lived in Ascoli for 1 month. Stunning little town on the Adriatic coast where I spent time with long lost relatives, but how would I make a living and the high prices scare me.  The Ecuador economy seems to be moving faster and i see more opportunities in Ecuador.  


Mexico:   Lived in Chihuahua  for 1 month.  If I weren’t in Ecuador I would probably be in Mexico, I love the place, the food, the culture, the people but I rarely felt “at ease” in most parts of this country. 


Peru:  Lived in Lima for 1 month. The coastline of Peru is akin to the Sahara Desert.  Seriously, all the way down!  I’m talking sand dunes and trash blowing in the wind, cool to visit, but Ill stick with living in Ecuador.  


Bolivia:  Lived in Santa Cruz for about 1 month. Nice place with a lot of variety like Ecuador but with no beach.  Economy particularly bad, don’t think I could make a living here like Im doing in Ecuador unless I worked online.  Ecuador wins.  


Brazil:   Lived in Rio and Porto Alegre for about 1 month.  Beautiful place, really high prices, even more costly than the USA these days, it kind of squeezes the fun out of everything.  I’ll stick with the low costs of Ecuador for now.  


Uruguay:   Lived in Montevideo for 1 month.  In my month living in Montevideo I coudn’t figure out why anyone would want to live there?  The beaches are not tropical like most northern US beaches, and you’re really far from the States.  More organized than Ecuador yes, but Ecuador is more “latin” which to me makes it more interesting.  


Argentina:   Lived in Buenos Aires for 1 month.  Never saw people party until daylight… regularly.  And the beef is as good as advertised, so is the wine, and the country is incredibly diverse but the increased cost of living over the last few years and hyper-inflation is a concern for me here.  


Colombia:   Lived, worked and studied here for 1 year.  Colombia may seduce you at first sight as it did me but the culture struck me as simply “wierd” and “tense” after years and years of violence, the drug trade, and being closed off from the rest of the world.  I’ll stick to the more laid back Ecuadorians any day.  


Philippines:  Lived and worked online here for 5 months.  Dirty.  Poor.  Usually i don’t mind it but this place is on another level.  Hot and flat.  Didn’t like the food.  Nice people though who really like foreigners and try to make them comfortable.  Far away from US.  Makes Ecuador look like Beverly Hills, Ecuador much more developed.  Like in most Asian countries there are restrictions against foreign ownership of land limiting possibilities.

Thailand:   Lived and traveled here in Krabi area for 1 month.  Too on-the-beaten-track for me, just hoards and hoards of travelers.  Beaches are amazing, but language is too difficult, Spanish is easier making it easier to integrate with the locals of Ecuador.  


Malaysia:   Lived in KL for 1 month.  About the next blandest place I’ve seen after my hometown of Cleveland, Ohio.  For me, Ecuador has better food, weather, lower prices and more things to do.  


Dominican Republic:   Lived in Santo Domingo for 6 months.  Beautiful beaches and people, vibrant culture and lively music but the public transport was deficient, food was nasty and there were too many guns.  It seemed as though literally every male member of society had one tucked in his pants.  Didn’t make me feel very safe.  Ecuador outlaws guns which for me makes me feel more comfortable than the other extreme which is the DR.  


Vietnam:   Lived in Mui Ne and Hanoi for about 1 month.  Great food!  But here I really felt like a walking dollar sign most of the time, the locals really try to grossly overcharge you whenever they can.  In Ecuador it is not so in-your-face.  


China:   Worked in Shenzhen and Guangzhou for 5 months.  Dont live in southern China in the winter!  You see, the Chinese government outlaws heat in homes below a certain point but trust me, you need heat, its cold, freezing cold inside the apartments in the winter.  I found China hard to get a grip on, I’ve never been more lost, more often as I was there.  Overall I found it good for westerners to make money, but I bet few would consider it a better place to live than their home countries.  


India:  Worked in Bhopal for 1 month.  I’ve never seen so many guys just standing around in the streets all day.  Like most foreigners working in India, one moment I loved india, the next I hated it.  Generally, I felt like a walking dollar sign here while many locals tried to hussle me.  Others were incredily nice inviting me into their home upon meeting them.  Too much of a challenge for me, and too hot, I’ll stick to Ecuador for now.  


Egypt/Israel:   Lived here for almost 1 month.  Countries of extremes and it starts with the people.  Met some incredibly friendly people and the exact opposite, usually within the same day, would not consider this place as one to live in near future.  Politically and socially unstable making me weary about investing.

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Posted in Ecuador for Investors, Ecuador Q&A, Expat Lifestyle

Where’s best for you on the coast of Ecuador?

Like flat oceans good for swimming?  

Or maybe rockin’ waves?  

How about lush green jungle right to the water’s edge?

Or dry-as-a-bone landscapes with low humidity?  

For such a small country, the Ecuador coast has it all… so where should you begin?

Here are my top picks…

flat ocean good for swimming, snorkeling- Salinas, Ayangue, Punta Blanca

surf towns/ good waves- Montanita, Ayampe, Playas, Canoa, Mompiche

Sunniest beaches- San Clemente, Playas

wide, flat beaches good for walking- Playas, Olon, Atacames, Muisne

scuba / hand gliding / kiteboarding / fishing- Ayangue (scuba), Canoa, Crucita (hand gliding), Santa Marianita (kite boarding), Salinas (fishing)

green, lush right up to water edge- Olon, Ayampe, Jama, Mompiche, Muisne, Same, Puerto Cayo

dry, brown, low humidity and less mosquitos- Salinas, Playas, Punta Blanca, Ballenita, Santa Marianita, Manta, Crucita, Machalilla, Cadeate, Valdivia

Quiet spots near the action and shopping- Ballenita, Crucita, Manglaralto, Olon, Canoa, Atacames, Tonsupa

Bigger cities with health care- Salinas+ Santa Elena, Manta, Esmeraldas, Bahia, Pedernales

White sand beaches- Playa Rosada, Muisne, Atacames, Tortuga Bay (Galapagos), Isabela Island (Galapagos)

Palm tree forests to waters edge- Cojimes, Muisne

Established expat community- Salinas, Olon, Puerto Lopez, Manta, Crucita, San Clemente-San Jacinto, Bahia

Off the beaten track/ no foreigners- La Libertad, Chanduy, Palmar, Valdivia, La Entrada, Tunas, Pedernales, Cojimes, Muisne, Esmeraldas

People watch/ women in bikinis, men in thongs/ party towns- Montanita, Canoa, Atacames

Beachfront condos in highrises- Salinas, Manta, Bahia, Tonsupa

Large lots of vacant beach land- Jama area, Cojimes, Muisne

Gated beach communities- Manta area, Salinas area

Beachfront property on smaller lots- Same, San Clemente-San Jacinto, Ballenita, Cadeate, Canoa

Bird and wildlife watching- Isla de la Plata (Puerto Lopez), Everywhere in Galapagos

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Posted in Ecuador for Investors, Ecuador Q&A, Ecuador Travel Guides

Where to sleep for cheap in Ecuador? My budget picks.

Want to know where to sleep for cheap in Ecuador?

Considering I don’t really have an official home, it’s safe to say I spend a lot of time in hotels. 

So, here are my value picks for all over Ecuador, in other words, where I stay. 

You won’t see the Hilton or Marriot on this list. 

Yes, they’re in the big cities of Ecuador, but if you’re going to stay in a Marriot, why not save yourself the flight and do it in your backyard, cause they’re all the same anyway.  Not much of a way to experience a country.

Most of my picks you won’t find on the net, nor will you be able to reserve beforehand, so just show up and maybe I’ll be there. 

And you’ll quickly notice that rates on the coast and in the smaller towns are much cheaper than in the bigger cities.

Except for my new place in Quito that opened this week and my place in Guayaquil, I dont have any affiliation with any of them except maybe friendship… here goes:

Cotacachi: 
Hostal El Arbolito, Calle Imbabura N 911.  Right on the main square of Cotacachi, spacious well cared for rooms starting at $25/single $40/double.

Otavalo:
Hostal America Inter, Sucre y Quiroga.  Right on the main indigenous market everyone goes to Otavalo to see, renovated rooms with WIFI and private parking suffice starting at $10/person. 

Ibarra:
High end: Hotel La Giralda, Av. Atahaulpa y Juan Francisco Bonilla.  The rooms are cramped but borderline luxury and the assortment of crepes available in the restaurant is to die for, really good, I eat there whenever I pass by Ibarra.  Has pool.  Rates start at $44/single, $58/double.

Budget: Hostal El Dorado, Oviedo 5-41 y Sucre.  Simple, bland, clean place right in the old town center with WIFI, hard to beat the $10/person asking price.  Even better, eat at the Giralda, sleep here.

Quito:
In town… Hostal Veintimilla, Amazonas y Veintimilla.  Whenever I have to stay in town I usually gravitate here, love the location near both the Mariscal traveler/nightlife district and the old town.  Right where a tourist wants to be.  Good cable TV channels in English, Wifi in some of the rooms, and newly refinished bedrooms.  Some may not like the location for the occasional night walkers looming on the city streets outside.  Rates start at $13 per person.

Near new airport:  Of course I’d have to recommend my new place that opened 3 days ago, Quito Airport Suites.  Set a few blocks from the entrance of the new airport, relax in an old Spanish Hacienda setting with WIFI internet, room service, an English speaking staff and airport transfers available 24/7.  Avoid the hour and a half drive to Quito and sleep better while you’re at it.

Mindo:
Dragonfly Inn:  This hotel is my pick for budget travelers, right where you want to be within walking distance of most of the points in the town with wooden rooms. Clean, safe, simple rooms starting around $20 per person.

Latacunga:
Villa de Tacvnga:  An old Spanish colonial turned hotel, the rooms have WIFI and heaters (needed here) and the restaurant has some great dishes (try the trout).   

Banos:
Hostal Nomada, diagonal to the bus station.  Love the location in town and near the bus station and within walking distance to the spas.  The rooms are surprisingly nice for the price ($10/person) but there is no WIFI. 

Puyo:
Hostal Las Palmas, 20 de Julio y 4 de Enero.  This colorful hotel has macaws walking around the lobby and has a character all its own.  Right in town, my pick when in the area.  Rates $15/single $26/double.  

Cuenca:
High end:  Casa del Barranco, Calle Larga.  Right where a tourist wants to be in Cuenca, on the gorgeous Tomebamba River in the Old Town and on the street Calle Larga where most of the cities best restaurants and bars are just a few steps away.  Rates $30/single, $44 double.

Budget:  Hostal Majestic.  Just a block or two from the center of the old town and Parque Calderon, despite the creeky floors and dark rooms this is my pick when I want to save money on a sleep in Cuenca with rates from $8-10 per person. 

Loja:
Hotel Prado Internacional, right on the edge of the old town in Loja this hotel is one of the best value picks in all of Ecuador with luxury-class rooms, an elevator, and a rooftop restaurant with delicious food like the filet mignon and t-bone while enjoying the stunning view of the town for very reasonable prices (approx $25/single, $40/double).  Ask for the owner Lucia, very helpful, tell her Dom sent you.

Vilcabamba:
High end: Madre Tierra.  This hotel-spa doesn’t skimp on the spa portion of the business offering a full array of relaxing treatments at very reaosnable prices.  The restaurant is particularly good, once again try the filet mignon. 

Budget:  Hotel Mandango.  I know the name of this hotel sounds like it should be the name of a male p-o-r-n star, but its actually a decent budget place to sleep right on the outskirts of town with no frills rooms but at $6-8 per person you can’t expect much.  My pick, but Ill go eat in Madre Tierra. 

Zamora:
Eco-lodge Copalinga: A hydro-powered nature lodge great for hummingbird watching right at the entrance of the beautiful Podocarpus Natural Park. (From $25 per person).

Guayaquil: 
Murali Hostal, Garzota 2 Calle La Salle y Tercer Callejon Mz 135, V 7.  At just 2 blocks from the airport entrance and 1 block from the vans to Cuenca and bus terminal this is the ideal place to stay in the more affluent and less noisy north of town if just passing through Guayaquil.  OK, plus I’m the owner.  :)

Playas: 
Hotel Nevada with rooms from $20 per person per night, mainly because of the proximity to both the beach and center of town, also you’re right across the street form some delicious restaurants.

Salinas:
Hostal Aqui is the top expat hangout/bar/hostel in town with rooms starting around $20 per person its a clean, safe, friendly option.

Hostal Marnier, nothing special, but it is also a good pick if looking for a cheaper, safe place to crash for the night somewhat near the beach with prices starting aroud $10 per person. 

Ayangue:
Oasis Ayangue.  Relax between scuba dives at this friendly Canadian-owned hostel/bar/restaurant.  One block off the beach, has pool and some good thin crust pizza.  Tell Paul and Denise I said hi.  Rates start at $15 per person. 

Montanita:
The OCEANVIEW HOTEL on the outskirts of the main town just out of the heavy noise and right on the beach with newly finished rooms with WIFI starting around $10/person per night.  Friendly owners who should charge more, just dont tell them, ask for Tony or Evelyn, tell them Dom said hi.  For longer stays consider my bungalows with oceanviews, WIFI and kitchenettes. 

Ayampe:
LA BUENA VIDA Hosteria… American owned, they also offer surf classes upon request, the rooms are elegant and well sealed against bugs and they feel like they should cost more than they do. Rooms start around $20 per person.

Puerto Lopez:
Im not a big fan of Puerto Lopez so when I get stuck in the area I will usually sleep in the bungalows of the friendly indigenous community just a quick cab ride away in Aguas Blancas in the Natural Park Machalilla.  Hike, take mud baths, mix with locals, sleep for around $10/person. 

Manta:
Not a big fan of the overpriced manta hotels, so i stay in the no frills Hotel Leo: This hotel is my pick for budget travelers, right in the center of town and across from the bus terminal.  Clean, safe, simple rooms with TV and fan await you starting around $12 per person.

Crucita:
For a clean, safe, Spartan, budget option right on the boardwalk I recommend the Marlin Hostal, $15 per person.

Canoa:
My top choice for a quiet, clean, safe place right on the beach is the Hostal Playa Azul, at $8 per person for a private room with a shared bath or $10 per person for a private room with a private bath. 

Bahia:
High-end: La Herradura Hotel, the only hotel right on the boardwalk, ocean front in Bahia.  The hotel has an upscale restaurant and prices start from $20 for the single room, $40 for the double.  Ask for one of the few rooms with an ocean view! 

For budget travelers I recommend y personal fav, La Bahia Hotel, right in front of the Puerto Amistad Bar-Restaurant or the expat hang out of town.  The rooms are Spartan but clean and the price is right, $8 per person and $16 for a double.

Pedernales:
Hotel Arenas, a few blocks from the beach with cable TV and well kept rooms starting around $10 per person.

Machala:
For budget travelers I’d stay at the Hotel Mosqueto, 2 blocks from the main plaza right beside Hotel Montecarlo, singles with fan $12. Acceptable, simple place.  For bigger budgets looking for nice AC rooms, I’d try Hotel Montecarlo (all the taxis know it) 2 blocks form the main plaza. Single $30, Double rooms $40.

There you have it, my picks, as you can see you dont have to break the bank to sleep in Ecuador!

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Posted in Ecuador for Investors, Ecuador Q&A, Ecuador Travel Guides

Where’s the hottest long-term rental market in Ecuador?

“This is insane, feels like a job interview.”

I thought this week as I found myself being interviewed for the “priviledge” of renting an apartment in Quito.

Next to me was another guy who was being jointly interviewed for the same apartment.

“So why should I choose you?” The owner of the apartment asked.

As I sat up in my chair I replyed… “Well, I’m clean, quiet and pay on time.”

Then she asked the other guy the same question and said OK I’ll call you tonight if I choose you.

As we left other folks interested in the apartment were entering.

She never called back.

I didn’t get it.

Now, I’ve rented in hot rental markets like San Diego, Honolulu, Madrid and China, but I’ve never seen a place where its so competitive to find a decent rental at a decent price.

The demand is huge. Certainly one of the best opportunity areas to own a rental in Ecuador.

It’s definitely not like the vacant, abandoned buildings in many areas of my home city, Cleveland, Ohio.

Quito is at capacity.

But I’m not surprised.

The planes to Ecuador are packed.

People are coming in droves.

The price is right.

Like one friend told me Brazil was like 10 years ago.

Now, the planes to Brazil are practically empty.

It’s too expensive due to the exchange rate. Nice country, but they’ve priced themselves out.

The sweet spot right now, or the rentals that get taken the quickest in Quito are the ones in the north of the city anywhere from the Mariscal/Floresta/Catolica area of Quito up until about the area of the “Y” and the Jipijapa area.

The most in-demand area is the very centric Carolina Park area near the biggest malls in Quito like Quicentro.

That’s where most locals and foreigners alike want to be.

The long-term rental apartments that go the fastest are the 2 bedroom ones in the above area in the $250-400 a month range.

Literally, for decent rentals in the above-mentioned area in this price range if you publish an ad in the local paper by the afternoon you’ve found a long-term tenant.

Really its the quick.

And the wait is only a bit longer if your rental is higher-priced.

Now, you could buy in this area starting around $35-45k and if renting long-term for the above prices would generate a 10% annual return not to mention the capital gains the market is experiencing.

Annual property taxes for an apartment in Quito of this value usually run less than $100. And condo fees are usually less than $40 a month, and the tenant usually pays that.

Nicer and newer 1 and 2 bedroom apartments in the same area can go for around $60k and you could command a bit more rent.

Quito rentals are hot indeed.

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Posted in Ecuador for Investors, Ecuador Q&A, Investor News/Analysis

7 Steps to find the hottest used car deals in Ecuador

“This country never ceases to amaze me.”

I thought when I saw a 2009 model of a vehicle just $1000 less than the 2012 version as I used-car-shopped earlier this week.

Due to the high import tariffs and restrictions on vehicles, cars are not only more expensive than they are in the US, they also retain their value.

It’s true.

It’s not uncommon for folks to buy a used car, use it for a year or two and sell it for about what they paid for it (especially if they got a bit of a deal).

Based on the advice of several locals and my own experience in Ecuador, here’s what I did to find the best deal on the car purchase made this week.

1. Establish what make, model and year you are looking for and browse a few of the most popular websites in Ecuador to determine market value of the car in Ecuador. The most popular sites in Ecuador to find used cars for sale (and where I found the best deals) are:

PatioTuerca.com – Website dedicated to the sale of cars nationwide in Ecuador. Vendors must pay to advertise.
PatiodeAutos.com – Website dedicated to the sale of cars nationwide in Ecuador. Vendors must pay to advertise.
MercadoLibre.com.ec – The eBay of Ecuador.

2. Go to Quito. Here you’ll find the largest selection and the highland people in Ecuador are renowned locally for taking better care of their cars (and belongings in general) than the coastal people in Ecuador. Plus, it helps that the car hasn’t been eroded by the salty, ocean air.

3. Skip the used car lots. I went to about 10 and they were an enormous waste of time if you are looking for something very specific. Chances are they won’t have it, or if they do, the deal isn’t that great or the car is not in very good condition.

4. Visit the car fairs. In Ecuador, these fairs are open to not only dealers but the public too. The most popular ones are in POMASQUI near Quito on the road to the Mitad del Mundo and GUAMANI exiting the south of Quito on the Panamericana on Saturdays and Sundays from 9a-5p.

5. Check the El Comercio Quito paper on Sundays. The other days will have very thin car listings at best.

6. If a deal still hasn’t been found continue searching on the net on the sites mentioned above and always be sure to ask “Cual es lo ultimo?” (What’s your best price?) All the cars I found in Ecuador were negotiable by about $200-1500 off their asking price on cash purchases.

7. Remember it’s a common practice in Ecuador to fiddle with or set back the mileage on a car. Focus on things like the wear on the tires and brakes or have a mechanic check the car to determine true mileage.

Using the above strategy I helped find, and pull the trigger on a 2011 Chevrolet Aveo with AC in ‘like new’ condition with under 30,000 km for $11,000 after a friend and I had determined the average market value of the same car with AC in Ecuador to be $11500-13000.

That’s how you find a used car deal in Ecuador.

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Posted in Ecuador for Investors, Ecuador Q&A, Expat Lifestyle

How to Fly to Ecuador Dirt Cheap in 2013

fly cheap to ecuador

People often complain about how expensive it is to fly to Ecuador.

But it’s true when compared to closer destinations like Costa Rica or Mexico.

Flights from the US/Canada to Ecuador can often cost $1000 or more.

For some it’s a deal-breaker.

But it doesn’t have to be.

I’m spoiled.

I often get to Ecuador from the US for under $180 and now you can too.

Here’s how… But first, remember I said “cheap” not necessarily “comfortable”.

To start, you have to get from where you live in the US to Miami or New York City.

I buy two separate flights. One to Miami/NYC and another to South America.

Or I do it even cheaper and hitchhike, AMTRAK or take the Greyhound bus to Miami.

Then once you’re in Miami (or New York) buy a one way flight from Miami to Armenia, Colombia on my favorite budget airline (that doesn’t yet fly to Ecuador) Spirit Airlines.

Armenia in western Colombia is the closest city to Ecuador they fly.

If you buy at least a month in advance you can get a flight often less than $150, for instance, now I’m seeing flights in late January and early February on the Spirit website for around $135 to Armenia from Miami with taxes and everything included.

In fact, you’ll find Colombia to actually be a nice place to visit.

Plus, Colombia is a place that doesn’t require a roundtrip ticket to enter. Whereas Ecuador officially does require the return although most the time they don’t enforce it yet sometimes the airlines will not let you on the plane to Ecuador without the return passage.

I know, it’s confusing but it is what it is.

Colombia is far removed from the bloody 80’s, 90’s and Escobar years. I should know, I lived there for a year recently and learned of this strategy because I wanted to visit some old friends and get from the US to Ecuador cheap.

A really nice area to visit near Armenia is the “Coffee Triangle” or “Eje Cafetero”.

Once in Armenia take the 2 ½ hour bus ($4-5) to Cali, another interesting town and a famous salsa dance Mecca.

Once in Cali hop a little crop-duster-type plane to Tulcan on the Ecuadorian border with one of the several tiny Colombian airlines that aren’t well advertised on the net like Satena. I’ve caught flights as low as $65.

Or to it even cheaper hop one of the frequent daily buses (15 hours, $20-30) from Cali to Tulcan.

It’s a scenic ride and one beautiful stop along the way is Popayan, a pearly-white colonial town in the southern hills of Colombia.

Then from Ipiales, Colombia cross the border to Tulcan (Ecuador), get your passport stamped and hop one last bus 4-5 hours ($5) to Quito.

That’s it! You made it!

If you’ve been keeping track, if you fly to Colombia and bus it the rest of the way you can get from Miami, USA to Ecuador one way for around $175 in 2013.

Especially great for people who are coming to Ecuador one way!

OR if you are over 65 and have an Ecuadorian Cedula meaning you are an Ecuador resident OR Ecuadorian citizen, you can buy national or international flights for HALF PRICE, any time of the year with the Ecuadorian airlines of Aerogal, LAN or TAME. Preferably buy in person at the airports or by over phone to get the senior discount.

To discover some of my other creative strategies to get to Ecuador cheap please fill in the blanks below, thanks:

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Posted in Ecuador for Investors, Ecuador Q&A, Investor News/Analysis

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Posted in Ecuador Q&A

Furniture shopping like a local in Ecuador, what I paid?

It’s true.

One guy once asked me if he needed to bring towels to Ecuador.

Child please, could you be more ignorant?

Anyways I still think people are crazy whenever I hear of people paying ‘an arm and a leg’ to ship their furniture to Ecuador.

As one of my American friends here in Ecuador recently proclaimed he’s never seen anything like some of the beautiful furniture pieces that are coming out of Cuenca these days.

It’s true.

They’re nice.

Especially the woodwork here is amazing.

And if you don’t see something you like you can often find a local artist to make the piece you wish, often by just giving them a hand-written drawing on a napkin.

This week I furnished 3 of my new Tiki huts with ocean views near Montanita on the southern coast of Ecuador.

And here’s what I spent so you can learn how much furniture and other home appliances cost in Ecuador before you come.

Maybe there’s some things you can get much cheaper in your home country.

My first recommendation is if you live in a small town on the coast of Ecuador, buy everything you can in the nearest big city, Guayaquil, and have everything trucked in, prices are often much more favorable that way.

One good big box store found only in the biggest Ecuadorian cities with about any home appliance you’ll need, and where I did MOST of my shopping, is in MI COMISARIATO.

For wooden furniture on the coast try the markets in La Libertad or Atahaulpa.

In Quito, go to the budget furniture market called San Roque.

In Cuenca, ask around cause you have a lot of options.

Here goes… all prices are in USD and be sure to add to prices the standard 12% sales tax in Ecuador.

Glass juice jar = 3.20
Patio table and 4 chair set = 115.18
Toilet bowl cleaner brush = 4.26
Welcome floor mat = 7.12
Plastic juicer = 1.12
Plastic salad bowl = 2.26
Frying pan or skillet = 4.45
Dishwashing soap = .65
Pack of 10 garbage bags = .51
Wood cutting board = 4.98
Can opener = 3.56
Full utensil set for 4 ppl = 8.92
Steak knife = 2.40
Sponge for washing plates = .78
Bed sheet set for queen bed = 20.70
Bed spread = 43.04
Pillow = 4.87
Kitchen pot set with 4 pieces = 16.96
Mini refrigerator = 151.70
Pack of 4 toilet paper = .85
Broom = 2.19
Sink nossle = 19.54
Kitchen shelf = 116.00
Table Fan = 17.85
Mirror for bathroom = 16.06
Coffee maker and pot = 26.78
Electric stove cooker = 16.06
Blender = 16.06
Glasses for drinking = .44
Mosquito netting for bed = 15.45
Sliding door lock = 1.60
Shower curtain = 10.68
Sink = 8.03
Sink under tubes = 4.43
Bathroom mobil carpets = 7.13
Small towel = 6.07
hand towel = 1.43
bed lamp = 11.60
Wooden bed base = 50.00
Brand name ‘Chaide y Chaide’ queen size bed cushion = 120.00
Wooden chairs for kitchen counter = 20.00
Wooden handycrafted night stand table = 25.00
Wooden handycrafted kitchen cabinet = 135.00
Gas stove = 28.00
Gas tank for cooking = 50.00
Window curtains = 6.00

Here are a few pics of how the finished tiki huts near Montanita look furnished from the inside, if you’d like to rent one email me at dombuon AT gmail.com to let me know, $20 a night for one or two people, discounts available for longer stays.

montanita house for rent

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Posted in Ecuador for Investors, Ecuador Q&A

Ecuador Dual Citizenship: How to Apply?

get ecuador second passport

Some get one for the “show”.

Some get one to feel like Bond when the cute airport clerk asks for their passport…

…so their reply can be “which one?”

Some get a second passport and dual nationality for tax, business or other personal reasons.

At least if you are an American who likes to travel you should seriously consider it.

Fact is, a quickly growing amount of countries these days charge Americans a stiff fee for entry visas when other nationalities walk in free or for pennies on the dollar.

China, India, Brazil and Bolivia all fall under this category.

As I discovered last year traveling through the middle east, other surprisingly nice countries are sadly off limits to Americans.

Many in fact.

Thankfully, Ecuador still warmly receives Americans as they do Europeans or Canadians.

And it’s relatively EASY to get dual citizenship and thus a second passport from Ecuador.

After sitting down with an immigration official this week, in December of 2012, here’s what I learned about how you can apply for Ecuadorian dual citizenship…

The main requirement is you need to be a resident of Ecuador for a minimum of 3 years from the date in which you get your first “cedula (Ecuador ID card)” or 2 years if you have an Ecuadorian kid.

You then need to gather the following documents:

1. Birth certificate apostilled (if from a country from within the apostille treaty like the US) or legalized by an Ecuadorian consulate abroad and then translated.
2. Copy of passport notarized and the original with the current resident visa.
3. Copy of cedula notarized and original.
4. Certificate from both the SRI (the Ecuadorian IRS) and the BIESS (Social Security) stating you have no outstanding debts to either. (Certificacion de no ser deudor.)
5. Your Ecuador police record and immigration movement documents. (Movimiento migratorio y record policial)
6. 4 passport photos.

The cost is $700, $200 paid up front, then $500 after being approved.

And there are no language tests, dorky Ecuadorian history tests nor required military service or further obligations upon attaining Ecuadorian citizenship.

Ecuador income is taxed by the Ecuador government, foreign income is not, regardless of if you are a citizen or not.

Currently, unless Peruvian or Colombian all foreigners need to apply for citizenship out of the Quito immigration office on Av. Carrion and 10 de Agosto.

That’s it.

Now you’ve got your Ecuadorian passport and can waltz freely through South America, the Galapagos, the Middle East and Cuba without paying a cent of visa fees or hassles.

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Posted in Ecuador for Investors, Ecuador Q&A, Investor News/Analysis

Map of South Ecuador Coast: Montanita, Olon, Salinas

Map of South Ecuador Coast: Montanita, Olon, Salinas

salinas montanita ecuador map

salinas to montanita ecuador map


HOUSE FOR RENT 5 MINUTES FROM MONTANITA

One price for WHOLE HOUSE… fit as many people as you like!

$30 per day, $180 per week, $380 per month.

Quaint house with beautiful 180 degree ocean view for rent 3 minute walk from beach and 25 minute walk to the center of Montanita.

FREE WIFI!

3 Bedroom (with 1 queen bed each), 2 bath, furnished kitchen, stove, mini-refrigerator, patio with hammocks overlooking the ocean, yard, garden.

Free WIFI INTERNET
3 Bed
2 Bath
Terraza with porch with ocean view
Garden
Furnished
Parking area
Kitchen
Pets OK
Guests allowed no extra fees, parties OK
$100 security deposit, can rent for days, weeks or months.
In secured, gated complex with 24 hr guard.

Call Dom at 0969251257, dombuon AT gmail.com to reserve now or write him below to reserve:

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Posted in Ecuador Q&A

How to sell your property in Ecuador… Fast

salinas property

A view from the front of the lot. 

For six weeks I put the sale of a beachfront lot I purchased for resale on hold while I built 3 tiki-style beach huts on the southen coast of Ecuador on a different oceanview lot in time for the upcoming rentals high-season here (late Dec- early Apr).

Now as I mentioned earlier this week, I’m finished building so I’ll focus back on selling the beachfront lot I purchased to resell.

It’s a good lot.

In an area with great potential for short-term growth, flat, on a small bluff elevated about 15 feet over the ocean, 475 m2 (5112 ft2), right on the beach with no road in front, 25 minutes from Salinas in a small, non-commercialized fishing village right in town near water/electricity and I’ve decided to ask only $16k with hopes to sell it quick.  That’s roughly $33 a square meter which for beachfront is a good deal in this area of the Ecuador coast where I’ve seen similar beachfront lots sell anywhere from $35-200 per m2 for smaller lots like this one.

My initial marketing strategy will be three-pronged, simple and inexpensive, we’ll see if and how fast it works…

1. List with 1-2 local real estate agents in the Salinas area.
- Exclusivity is neither expected nor respected in Ecuador by most property sellers, sellers usually let multiple agents list and promote their property and pay the commission to whoever sells it first.  I’ll aim to get the lot listed by a few of the Salinas agents who I know really sell properties.  Not all agents in Ecuador actually can sell!  I’m happy to offer 3-5% if an agent can help find me a buyer and show my lot, well worth it.  I value marketing and sales cause I’m a marketing guy myself!

2. Publish ad in the major local newspaper.
- I plan on taking an ad in the Sunday classifieds of El Comercio, the major local paper in the area, in Spanish targeting the local market.

3. Post on the net (in English) targeting the English-speaking market abroad.
- On my own site EcuadorRealEstate.org where I let anyone selling property in Ecuador under $50k publish for free, or for $20 a month if they are looking to promote a property asking more than $50k.

- Publish ad on Craigslist in English aimed at the foreign market interested in Ecuador property.  It’s free and it’s popular worldwide and a great way to get the property in front of more eyeballs looking for real estate in Ecuador.

- Post on Viviun.com , Its a high ranking site where I can pay a small fee to get my property for sale in front of even more eyeballs looking for Ecuador land.

Hopefully in one of my next updates you’ll learn as I learn through the sale… ;)

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Posted in Ecuador for Investors, Ecuador Q&A

What you must bring to Ecuador to get a residency visa

ecuador resident visas

This week I got a question from a friend…

“Dom, I heard you offer a free visa consultation for those interested out of your B&B in Guayaquil, I’m headed back to the US for 3 weeks, what documents and things do I need to bring back to Ecuador in order to get a residency visa?”

Great question.

As with any visa process, there is a laundry list of requirements all attainable rather pain-free once already in Ecuador. BUT there are a few requirements you CAN’T get in Ecuador, so you will need to bring them from your home country.

Regardless of your choice of visa, you will need to bring…

1. A birth certificate apostatized by your secretary of state (for US citizens only) or have your birth certificate certified/legalized by an Ecuadorian Embassy in your HOME country. I recommend getting your documents certified by an Ecuadorian Consulate, some state apostles no longer look like apostles so some immigration officials won’t accept them even though they should. Ecuadorians love STAMPS.

2. A local police record check from where you’ve lived the last five years… you’ll need this document apostatized or legalized by an Ecuadorian consulate in your home country. A federal or FBI check is not necessary.

3a. For MARRIED folks, you’ll need an official copy of your marriage certificate apostatized or legalized/certified by an Ecuadorian consulate in your home country.

3b. For SINGLE folks, your proof of “single” status can be obtained from the Secretary of State in your former home state (in fact NOT from a consulate like the Ecuadorian Cedula employee told me earlier this week), but a certified divorce decree, will also serve the same purpose. This document also needs to be apostilled or legalized by an Ecuadorian consulate in your home country. (THIS IS ONLY NEEDED FOR THE CEDULA, NOT THE RESIDENCY VISA.)

For folks applying for the PENSIONERS resident visa…

4. You’ll need a document serving as proof of your pension from the issuing institution legally apostatized or certified in an Ecuadorian Consulate in your home country. For instance, this can be a BENEFITS STATEMENT from a social security or disability pay out.

For folks looking to get an investors visa the first 3 requirements are all you need to bring to Ecuador, the rest is attainable once here and translations of foreign documents to Spanish IS necessary but can be done cheaper once in Ecuador.

Random visa notes and Q&A based on yesterdays email…

- First a correction, as of July of 2012, you can, in fact, get both your residency visa AND cedula (Offical Ecuador ID card) in Cuenca as well as in Guayaquil and Quito. I think many are still unaware of this, like I was, cause many folks still come to Guayaquil to get cedulas when they no longer have to.

- Sc@m alert… one subscriber emailed me.. “I was told by someone that there were coming changes that would make getting a residency visa harder and that if I give him $1395 that he could get me “grandfathered” in so that I wouldn’t have to deal with all the new requirements.” … my response. This is simply not true, the requirements MAY change, who knows, but their are currently no plans to do so. This sounds like a dishonest sales pitch.

- Question… “[one guy] said he could get me my residency papers right away, but I wouldn’t have to come down right off, they’d be ready for me when I came down. In other words, that’s all bunk too?”

My response… I would NOT start this process from abroad… just wait until YOU ARE IN ECUADOR to begin the residency process… AND DONT use a lawyer who will likely overcharge you and then not do the work! It is really NOT necessary to use a lawyer for visas in Ecuador. This is something you can do yourself if you speak Spanish or to save a bit of hassle you could hire a facilitator (like me when I have free time :) ), for instance, I charge $350 and within one month you can get both your residency visa and cedula. That’s about the going rate. Lawyers usually charge double or triple that and often take MUCH longer to complete the job.

- Question: “I just received my 12-1x visa yesterday and am going back the states next thursday. What effect does my leaving have on my visa. Do I save days on the 180 for time spent away?”

My Response… I’ve seen people leave Ecuador with time left on a visa and when they come back they are given ONLY the remaining time until the visa expires. For a different scenario, as for the free 3 month stamp upon entry, for example, if you come to Ecuador for 2 months, leave for a month, and come back they probably will stamp your passport upon entry allowing only a 1 month stay because in a year you are only allowed to be in Ecuador for 3 months on the free tourist stamp. It works similar for visas like in your case.

- Question: “Can you explain the requirements once a residence visa has been obtained? Must a permanent resident reside in Ecuador full time or is part time sufficient?”

My Response… technically, they say officially that you need to be in the country for at least 9 months a year your first two years, but unofficially I know several people who have spent less time in Ecuador with no problems. The only time I foresee a problem is if you plan to apply for Ecuador dual citizenship as allowed after 2-3 years of residency.

- Question: “How long is the residency visa or cedula valid?”

My Response… Residency visas in Ecuador are “Indefinite” meaning you never have to renew them as long as you meet the requirements of which you used to get your visa.

- Question: “I can’t move to Ecuador yet do to my job, but should I get the residency visa now?”

My Response… you can be in Ecuador up to 6 months a year on tourist visas, so just do that if you don’t plan on living here… why go through the hassle and expense if you aren’t even going to live here, for now. If you don’t move here now, chances are you never will… that’s just how life is, am I wrong?

- Question: “Dom, I’m already in Ecuador, but I forgot the aforementioned documents, can I still apply for the residency visa?”

My Response… no! You will need these documents before applying but you CAN send away for them from Ecuador if you have a good friend in your home country who can gather these documents for you and DHL them to you… I just did this this week for someone and from the US to Ecuador DHL delivered in 2 days!

- Question: “Dom, how long does it take to get the residency visa and cedula once submitting the application?”

My Response… 3 weeks to one month. If it takes longer there may be a problem or you may have selected the person to help you get your visa and cedula poorly.

- Question: “Dom, oops, I overstayed my visa in Ecuador, is there a fine or sanctions I will be subject to?”

My Response… As of 2012, there is no more fine for overstaying your visa although corrupt immigration officials may still try to charge you it… I’ve seen it happen, just a few weeks ago!…You can however hold firm and they likely won’t insist. There is however restrictions on when you can come back into the country unless you get approved for a visa before coming back to Ecuador. Always best to stay legal.

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Posted in Ecuador for Investors, Ecuador Q&A, Investor News/Analysis

2012 Changes to Ecuador Residency Requirements

2012 ecuador residency changes

One big reason to move to Ecuador is the ease with which you can become a LEGAL resident.

Trust me, it stinks to have to make border runs every month or two like expats in Thailand, or overstay your visa illegally.

This year, in 2012, I’ve started helping new expats in Ecuador get residency visas or tourist visa extensions while they stay in my B&B in Guayaquil.

And through this work, I’ve witnessed a few changes to the requirements over the course of 2012.

Here they are as I write this on November 23, 2012…

1. A few months ago they abolished the rule that you had to submit your application for residency visas or extensions with at least 30 days remaining before your current visa expires. Now, as long as you get it in while still on a valid visa in Ecuador you’re OK.

2. Around August they started requiring foreigners bring a birth certificate (apostilled or certified in an Ecuadorian embassy abroad) from their home country in order to get the “cedula” or your official Ecuadorian ID card.

3. Over the course of the last year Ecuador has opened immigration offices in both Manta and Cuenca where you can apply for residency visas but in Manta you still cant attain your Ecuadorian “Cedula”.

4. Last week while helping someone get their cedula, I learned of a brand new rule on the books (directly from the Cedula Officials) that foreigners getting first time cedulas need to get proof of their civil state, meaning if they are single, they need to go to their Secretary of State and get a document verifying they are in fact “single” in their home country, or bring an apostilled or Ecuadorian-Embassy-Certified marriage certificate. Before, if you were single just doing a quick sworn statement in a local notary would do. As of now, they still might accept the sworn statement because new laws usually take a while to begin to get enforced.

What hasn’t changed?

Thankfully, for several years now the main qualifications needed for a residency visa have not changed… as of yet. You still qualify for residency in Ecuador if you have a pension over $800 a month (or $900/mon if you’d like to bring a spouse), or an investment in the country legally valued over $25,000.

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Posted in Ecuador for Investors, Ecuador Q&A, Investor News/Analysis

Part 3 Ecuador Photo Diary Series: Montanita

Welcome to part 3 of my on going Ecuador photo diary series…enjoy, post comments at the bottom…Dom

locals hanging out in Montanita Ecuador

locals hanging out in Montanita Ecuador

montanita restaurant cabana

a popular restaurant near the beach in Montanita

montanita clubs

the clubs and nightlife is world class in Montanita

montanita ecuador beach surf

the montanita beach and surf on an overcast day

montanita ecuador deep sea fishing

did you know you can deep sea fish near montanita, write me for more details...

montanita ecuador spanish school

Montanita...I love you too...

montanita real estate

you can still find land lots like this for sale in Montanita

montanita cabana hostel

a montanita cabana style hostel



HOUSE FOR RENT NEAR MONTANITA

One price for WHOLE HOUSE, fit as many as you wish!…

3 bedroom with one queen bed each, 2 full bathrooms, fully furnished kitchen with dining table and mini-refrigerator, patio with hammocks overlooking the ocean, dining area…

montanita home rentals

Furnished kitchen with plates, fridge, refrigerator and gas stove.

Pets OK, garden, yard, parking area.

$30 per day, $180 per week, $380 per month (including internet).

$100 security deposit, can rent for days, weeks or months.

After reservation you will be emailed the key pick up tips.

Click here to check availability and reserve now!

Or call Dom at 0969251257 or write us below:

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manglaralto beach

The nearby beach, just south of Montanita.

 

montanita-house-for-rent

 

montanita vacation rentals

 

montanita ecuador

montanita-house-for-rent

montanita-hotel-near-beach

montanita-houses

 

 

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Posted in Ecuador Q&A

Choose size for Panama Hat Purchase

Thank you for your Panama Hat order!  Your order will be shipped to your billing address unless otherwise specified below.
Please fill in your desired hat size… 58 is for small heads… 60-61 average size and 62 is for larger heads.

FOR WOMEN ONLY… please specify your hat color preference, ONLY WINE RED, WHITE and LIGHT BROWN AVAILABLE CURRENTLY FOR WOMENS HATS…

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Your Hat Size and for women only your preferred color

Posted in Ecuador for Investors, Ecuador Q&A

12-V Student Visa Requirements Ecuador

student visa ecuador

12-V Student Visa Requirements Ecuador (VISA 12-V ESTUDIANTES)

Requirements:
1.- Signed petition letter directed to the head of the Ministerio de Relaciones Exteriores which states how long youd like to stay in Ecuador and why.

2.- Signed Application Form with passport photo.

3.- Passport with at least 6 months valid remaining with copies of the entry stamp, ID page and current visa.

4.- Copy of exit airfare ticket.

5.-Matricula (Proof of Enrollment) from legally recognized learning institution. Should prove studies of more than 6 months in a calendar year.

6. Show proof you have at least $1000 deposited in a bank entitled for your subsistence while in Ecuador. All documents should be translated if in language other than Spanish.

Valid: 6 months to 1 year.

Application fee: $30 USD
Visa fee: $100 USD

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Posted in Ecuador for Investors, Ecuador Q&A

12-X Tourist Visa Requirements Ecuador

12-x visa ecuador

12-X Tourist Visa Requirements Ecuador (VISA 12-X VISITANTE TEMPORAL)

Requirements:
1.- Signed petition letter directed to the head of the Ministerio de Relaciones Exteriores which states how long youd like to stay in Ecuador and why.

2.- Signed Application Form with passport photo.

3.- Passport with at least 6 months valid remaining with copies of the entry stamp, ID page and current visa.

4.- Copy of exit airfare ticket.

5.-Proof of economic solvency (show bank statement from home institution). All documents should be translated if in language other than Spanish.

Valid: 90 days in each 1 year period.

Application fee: $30 USD
Visa fee: $30 USD

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Posted in Ecuador for Investors, Ecuador Q&A

12-IX Tourist Visa Requirements Ecuador

tourist visa requirements ecuador

12-IX Tourist Visa Requirements Ecuador (VISA 12-IX TURISMO-DEPORTE-SALUD-ESTUDIOS CIENCIA-ARTE-ACTOS DE COMERCIO)

Requirements:
1.- Signed petition letter directed to the head of the Ministerio de Relaciones Exteriores which states how long youd like to stay in Ecuador and why.

2.- Signed Application Form with passport photo.

3.- Passport with at least 6 months valid remaining with copies of the entry stamp, ID page and current visa.

4.- Copy of exit airfare ticket.

5.-Proof of economic solvency (show bank statement from home institution). All documents should be translated if in language other than Spanish.

Valid: 90-180 days

Application fee: $30 USD
Visa fee: $200 USD

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Posted in Ecuador for Investors, Ecuador Q&A

Where’s the best surf in Ecuador?

surfing in Ecuador
The surf off Ayampe.

For the best surfing in Ecuador for beginners and intermediates I’d try Montanita or Canoa.

The beach in Montanita has a good gradual break for beginners at one point and intermediates in another.

For empty waves off the beaten track try the breaks off Ayampe and Las Tunas a little further north.

Another good relatively unknown break is in the Playas-Engabao area.

For a world-class left break try Mompiche in the north.

In the Galapagos, world-class surfing for experts only can be enjoyed in and around the beaches of Puerto Baquerizo Moreno.

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Posted in Ecuador Q&A

Where’s Best to Go Scuba Diving + Snorkeling in Ecuador??

scuba diving ecuador
A view of the wildlife swimming just off shore on Isabela Island, Galapagos… Amazing!

By far the best place for snorkeling and scuba in Ecuador is in the Galapagos where the water is transparent and the animals are a plenty.

It’s not uncommon to see gigantic Manta Rays, sharks, sea turtles, sea lions and more in a matter or minutes when scuba diving in the Galapagos.

I highly recommend Scuba off of Floreana Island, Galapagos.

The mainland has darker, murkier water not great for seeing wildlife but the best place to scuba is in Ayangue, on the southern coast.

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Posted in Ecuador for Investors, Ecuador Q&A, Ecuador Travel Guides

Free 2013 Ecuador Property Price Guide

Don't overpay! Get 2013 Ecuador property price data based on over 500 transactions in this brief, informative report, Normally $64.95, today get it FREE! Fill in below to receive now:

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