The Ecuador Insider – Page 171 – Everything you need to know before you move to or invest in Ecuador

How to Bring Money to Ecuador?

It’s best to bring a few hundred dollars in cash and two different ATM cards, that’s it… you can take out from down here, the fees are a $1-2 to the machine and another $2-3 to your bank every time you take out (so take out a lot at a time).

ATM machines are now everywhere in Ecuador, a few years back it was more difficult.

dom

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“Green” Laws Being Pushed through the Ecuadorian Assembly Now

New “sin” taxes will be instituted on cigarettes and alcohol if the current “green” laws get approved.

So the current low prices for beer (often under $1 a bottle) and cigarettes (usually under $2 per pack) will probably see increases in the near future.

Tapia Sentenced to 3 Years in Prison for Role in September Police Riots

Big news this week in Ecuador as ex-police chief Rolando Tapia was sentenced to 3 years prison for his role in the September 30 police riots of last year.

In other news, President Correa seemed mildly pleased but noted others involved still need to be brought to justice.

What do you think, was the sentence too steep?

Uruguay vs Ecuador. Which is Best for You?

Sure. Well the cost of living in Ecuador is much cheaper than Uruguay, in Ecuador a lunch starts around $2, a bus $.25 and liveable properties start around $35k. Everything is more expensive in Uruguay but not quite as expensive as in the States.

Plus, Ecuador uses the dollar…which means you won’t get daily raped by credit card and ATM companies whenever you spend money from accounts in the States.

Quality of life is pretty subjective, but Uruguay is a pretty sterile place, depends what you’re looking for, Ecuador has more character.

Clarity of Ocean… both have Californian style beaches with golden sand and dark water, not the Caribbean prototype.

Crime rates… I’d say Uruguay is a bit, only a bit safer these days, but you could go years in Ecuador without incident. Just use taxis at night instead of walking in the big cities of Quito and Guayaquil. Exact crime rates I’m not aware of at the moment.

Ecuador has very affordable health care… please see the article I wrote here for more.

As for real estate opportunities… Ecuador is where its at, at the moment. Its closer to the US, warm year round and deals starting around $35k can still be found in desirable areas.

hope that helps… Dom

USaid Pledges 19.8 Million to Ecuador

USaid, an organization that promotes politically oriented projects that protect “democracy” pledged this week $19.8 million dollars to future plans in Ecuador.

The question that many have is “why”?… Put what you think in the comments below…

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