Good question. In and of itself, no, but if you invest $25k or more in the business yes you can get an investor’s resident visa, or you can apply for a business visa which you can get if you start a corporation in Ecuador and pay an accountant monthly to crunch your numbers.
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For Free WIFI Hotspots all around Ecuador, check below, if you have more you would like to add and share with the community, please do so in the comments, gracias!:
Hotspots in Quito:
-Coffee + Toffee Café (In the Mariscal area, near he corner of Almagro and Calama): This comfy café has a reliable, fast, free WIFI available for restaurant guests, and good food.
-Nocion Café (Foch + 6 de Diciembre): This small café is a warm, quiet place to have a coffee and to catch a free wifi signal on your lap top.
-Hotel Casino Plaza (Shyris + Naciones Unidas): This luxury hotel across the street from Quicentro actually hosts a few Paypal casino websites within its brand, and has a WIFI signal few know about that can be caught free in the lobby (for people to play in the lobby while waiting), just walk in and sit down, no password needed (as of this writing).
-Mall Plaza de Americas (Naciones Unidas + 9 de Agosto): Check the McDonalds in this mall for a WIFI signal accessed with a password you get if you buy something. (Signal not very fast though during peak times.)
Guayaquil:
-Mall del Sol: Check the food court for a free WIFI area in the center.
-Mall San Marino: Check out the Juan Valdez Café on one of the upper floors for a WIFI signal accessible with a password retrieved after a purchase. Visit their website for the latest updates how to get a quality installation.
Ibarra:
-Tourist Information Office of the Municipal (Esquina del Coco): This small, helpful tourist office has a free Wifi signal and tables, no password required, but a little slow during peak times.
Cuenca:
Please add the hot spots you know of for any city in Ecuador below, thanks!in Cuenca or Manta in the comments, thanks!
And to stay “in-the-know” on all the latest developments in Ecuador that could affect investors, join my weekly newsletter by filling in the blanks below (You can unsubscribe at any time):
This week on the Ecuador Insider’s Newsletter I’m going to do a Cotacachi Market Report – with current trends and Insider Tips from the Ground… join the Insider’s Newsletter before this coming Sunday to catch this, don’t be left out! Sign up below, you can unsubscribe at any time:
As reported in the “El Ciudadano”, the runway of the new Salinas airport is now finished and over the next couple of months things such as the lighting will be tested before opening.
This new airport will make travel to the southern coast much easier allowing direct flights from Quito and Guayaquil that weren’t an option before. Obviously, this should have a very positive affect on nearby property values, stay tuned!
And to stay “in-the-know” on all the latest developments in Ecuador that could affect investors, join my weekly newsletter by filling in the blanks below (You can unsubscribe at any time):
Yes, you can find a job in Ecuador, but the best way to work in Ecuador is to “create your own job” by working independently or starting your own business with the help of the right tax accountant backing you through the entire process.
Entrepreneurs run wild in Ecuador… really, they do! There’s a lot to do.
But gone are the days of being able to work years under the table. The current regime has really clamped down and for the first time, businesses have to keep good financial records and pay their taxes. SMSF Specialist advises on such issues. Even though Chapter 7 bankruptcy is considered the most straightforward and quickest types of bankruptcy, there are situations when chapter 13 bankruptcy lawyers in Knoxville, TN is the preferred move. That is because each type of bankruptcy has different tools to offer. For instance, saving your home might be your desired goal—but Chapter 7 doesn’t have the mechanism to do that. Chapter 13, on the other hand, allows filers to keep their assets as long as they make up for missed payments. Additionally, while Chapter 7 wipes out dischargeable debt, Chapter 13 has provisions in place to protect your assets. Understanding your options can seem like a daunting task, especially considering how complicated the United States legal system is. If you do not understand the ramifications of bankruptcy or need counsel when it comes to making an informed decision, it is advisable to get a Chapter 13 attorney on your side. Knoxville Bankruptcy Attorney have solved finance-related problems of all sizes for years. Whether you are a small business bankruptcy lawyers or a consumer, we will make sure your best interests are represented in the courtroom and at negotiations. Our attorneys specialize in these areas. Are you overwhelmed with debt because of an illness, divorce, accident, loss of work or overtime, poor financial planning, or the state of the economy? Each year more than 1,000,000 people file with a bankruptcy lawyer. The majority are hardworking people who would pay all of their bills if they were able. The sudden loss of a job, unexpected medical bills, a divorce, or a natural disaster can quickly wipe-out a life’s savings. Click here learn more about assistance with business debt. Our Bankruptcy specialist lawyers in Knoxville and Flint are ready to help. For many, bankruptcy provides a financial second chance. Whether it’s a Chapter 7 or Chapter 13 Bankruptcy, debt consolidation or fighting back against bill collector harassment, you’ll receive patient, positive and comprehensive advice. The most important thing for you to know is that there are options, and that no situation is hopeless. Our Tennessee bankruptcy law firm is in the business of helping you get back on track.
So if you’re looking to work independently or start a business, here’s how you get started:
First, in one of the major cities of Ecuador go to the government office called the “SRI”. Here, anyone in Ecuador legally, even on a tourist visa, can apply for and get a “RUC” or the Ecuadorian version of a tax ID number. With this number you can print official receipts “facturas” you can use to charge your clients.
Second, to register a trademark or brand in Ecuador you will need to go to the office of the IEPI in Quito, where you pay $16 to do a domain search, then $116 more to register your brand or business name in Ecuador if it is available. This step is optional.
Third, if you’d like to start a corporation in Ecuador, you can with as little as $200 which turns into the shares of your new business which you can distribute or sell as you please. To find out more try the office of the SRI or the office called the “Superintencia de Companias” in Quito on Calle Roca 660 y Amazonas. Also, the SRI should be able to inform you of any other licenses your specific business may need in Ecuador. But don’t sweat it, Ecuador is not nearly as demanding on licenses as the States is.
But the key is the RUC, without it, you can’t legally charge anyone for anything in Ecuador. 95% of your business clients will demand a “factura” with your RUC because without it they can’t write the expense off their taxes.
You can do all the above rather easily without a lawyer, maybe with just a friend translating, but to hire employees “legally” it gets a bit more complicated. To learn more about that try the “Ministerio de Trabajo” (Ministry of Work)… or to get a good, quick overview of labor law in Ecuador and to see exactly how much you will have to pay in taxes as a business owner or retiree in Ecuador , try my full Ecuador Tax Guide here.
Related: Issuing Equity Compensation.
This was an example from the the Ecuador Insider’s Newsletter I email out weekly, to stay “in-the-know” and to receive future reports … join the Insider’s Newsletter below, you can unsubscribe at any time: