Category: Ecuador for Investors

The official word in Ecuador is that having and carrying guns is illegal.

I know Americans take pride in buying guns from the gun source and carry them but actually after living in other Latin countries like the Dominican Republic where it seems EVERY MALE member of society carries a handgun tucked in their jeans or in their glove compartment, Ecuador, where guns are prohibited, is a BIG sigh of relief.

Guns are NOT a common sight in Ecuador, and most robberies are unarmed or by using knifes.

Ecuador has the strictest gun laws worldwide. The 8 Best .45 ACP Pistols For Every Budget Reviewed ( 2018 Buyer Guide ) – outdoorempire.com even warns of travelling to Ecuador with handguns and pistols, as they are not permitted (only police). And sport guns like shotguns are permitted if registered with the Military Command Post (Comando Conjunto de las Fuerzas Armadas).

I also would recommend you get the necessary permit mentioned above BEFORE you buy a AK 47 Rifle or a Glock to bring it down with you, just to be on the safe side. Permit applications are available at Steelo’s Guns & Outdoors. Some customs agents I talked to said it was prohibited to bring guns while others told me you could with that permit…Welcome to Ecuador!

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Some of my fondest memories growing up were the days in November when my father took me pheasant hunting in northeast Ohio. After hunting in the mourning we would come home and watch the Cleveland Browns lose on TV. Good times. Since moving to Ecuador a few years back, I have looked into the hunting possibilities in Ecuador, what I have found are a bunch of mixed answers…but many ask about it, so I’ll share what I know.

First off, Ecuador is still the wild west of hunting. There are no licenses, hunting seasons or regulatory agencies specifically dedicated to the topic. (From what I have found.)

It is very illegal to hunt in National Parks. Every year there always seems to be a few high-profile cases of people getting caught hunting in the parks. Deer feeders help you to attract deer to a given area so that you can easily view or hunt them. If hunting, the feeders give you an opportunity to observe the animals and choose the ones that meet the wildlife management criteria. Deer feeders are a must have for any hunter or animal lover. To have an easy time you should use high-quality feeders. You should also install the units at the right location. Also remember to use the right food and feed the animals at the right time. To know more information about deer feeders, click here.

You can hunt on private land, obviously if you get permission from the owner. Well it will be very easy with creedmore scopes.

The best places to hunt in Ecuador, for me, are in the amazon region, or eastern third of the country.

In the Amazon, there are many people with large swaths of vacant land (100 hectares or more), of whom you can ask permission to hunt (or pay for the permission).

In the Amazon region, many hunt a cousin of the wild boar called “Tapir”. Some hunt deer as well, the deers of the jungle are smaller than the whitetails we usually see in the States laying on the sides of roads. As for specific rules on which animals you can kill or not, please inquire locally.

If you have any comments or tips on hunting in Ecuador for our community, please share them in the comments below….thanks!

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Puerto Lopez is a small town on the southern coast of Ecuador in between Montanita and Manta. (Refer to this map for details.)

It is famous for it’s whale watching tours in July and August each year.

The dry, sunny season is from December to April. The wet, cloudy season is from late April to November.

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Words can not do justice to the incredible, tasty meats available in Ecuador.

This is a roadside grill outside my place in Quito…the grilled chicken you see there you can buy for $1.75….usually whisked with a light, garlic sauce… Ecuadorians, like their Mexican Latino brothers…really know their meats and bbq…must try!

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By Domenick Buonamici

As a retired person in Ecuador, you got it good when it comes to paying taxes.

You could have a bank account in Ecuador, and receive your pension payments directly to that account, and you still would not be liable for any type of income tax because those earnings were officially made outside Ecuador.

Many Ecuadorians receive thousands of dollars a year from their relatives working abroad, and they as well are not liable for paying taxes on those “earnings” received from abroad according to current Ecuadorian law.

If you don’t engage in commercial activity in Ecuador, property taxes are the only taxes you would be liable for in Ecuador as a retiree (if you own property). But property taxes are a small fraction of what you are sure to be used to in the States or Europe. You may still want to have Michigan CPA help you file your property taxes. Most people on the coast pay under $300 a year.

Another plus of living in Ecuador is that there is no capital gains tax when selling your home, the transaction is considered as a personal buy-sell agreement between two people and the government does not try to get involved. (But for some of the municipalities that have experienced an influx of gringo investment, like Cotacachi, they will require you to pay a Capital Gains Tax based on the tax valuation of your property based on the value difference from the time you bought to the time you sold it.)

But there is a new up and coming tax that is not on the books yet, but could be soon, that would affect you if you hold assets in Ecuador over $200,000.

For people who own over $200,000 in assets, in 2009 a new law was passed stating that these people have to legally declare all their assets if they own more than $200,000 worth in Ecuador. It is believed that later on this information will be used to impose a 1% annual tax on their net holdings.

So this new tax may or may not affect you, but even so, I think you will find Ecuador “lenient” when it comes to taxes.

If the job of accounting is being outsourced, one must ensure to use the best umbrella company. A slight mistake can make a big difference thus one must be very careful and alert while working with the finance of a company.

This was a brief excerpt from the full 7 page report I just released on how income and employee taxes work for anyone looking to start a business, find a job or retire in Ecuador…Click here to see more.

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Also, check out incorporation services Singapore for tax exemption benefits to the investors.

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