Category: Ecuador for Investors

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 Santo Domingo and really does a great job showing the cultural divide that separates the rich and poor in a typical Latin American culture and how the two sides interact and in this case how two college kids interact.  Very entertaining.

 

11. Man on Fire – This Denzel Washington film gives a great look into one of Latin Americas less attractive sides, the kidnapping trade in Mexico.  Still a great movie for the shots of Mexico.

 

10.  Soñar no cuesta nada – This Colombian film gives an outstanding look into the corrupt side of Latin America (Colombia in particular) when a group of soldiers finds millions buried in the jungle.  Good movie, a great peek into Colombian culture.

 

9. Get the Gringo – This newer Mel Gibson movie is a flick that shows the not-so-commonly-seen side of Mexico from the viewpoint of a gringo inside a jail in Mexico.  Very good movie, highly recommend.

 

8.  Rosario Tejeras – This classic Colombian film is an outstanding gander into the everyday life of a typical, beautiful, young woman in certain circles in Medellin, Colombia.  Very interesting.

 

7.  The Motorcycle Diaries – Hard not to get excited about South America when watching this film based on a trip Che Guevara took on motorcycle through South America in his youth.  Played by one of the best, Gael Garcia, this film is another must.

 

6. María Llena Eres de Gracia – Another excellent Colombian film, this spot gives a very real, unique look into the world of a female drug runner in Colombia.  No mistake about it, drugs have impacted Latin American culture and this film is a great preview.

 

5. Amores y perros – A Mexican film that is too graphic for most, this movie depicts the underground world of less affluent youth and dogfighting in Mexico.  Still gives an interesting look into mexico Hollywood could never duplicate.

 

4. Once upon a time in Mexico – OK, now the Hollywood action-movie version of Mexico, this film is still a fun look into what we all dream Mexico to be (and it usually doesn’t dissappoint).

 

3. El Cantante – A captivating film based on the real life of Salsa singer Héctor Lavoe.  I like this movie mainly for the shots of Puerto Rico and the lively Salsa scene in the Caribbean.

 

2. Captain Ron – Sincethis movie first came out 20 years ago, every time I watch it gets me excited for my next Latin American adventure.  Based on a typical Chicago family caught in the rat-race who drop everythig to go sail the Caribbean in a crappy boat the father inherited from a little known uncle.

 

 

1. Blow – My all-time favorite movie with a Latin American connection.  This Johny Depp movie is about an ambitious, North American entrepreneur and how he gets neck deep in the drug trade with Latin America.  OK, so he chose the wrong product (drugs), but it’s still an entertaining and almost motivating flick for entrepreneurs going south of the border.

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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 what it is.)

And the positives… like that Ecuadorians tend to trust “gringos” more than they do even other Ecuadorians.

Especially in business dealings.

For me, the biggest benefit of this can be translated to rental deals.

Ecuadorians love to rent to foreigners, particularly North American or European ones, much more than they like renting to other Ecuadorians.

We’re known for taking better care of places and paying more promptly and being more serious about the relationship in general.

And we can use that as a good bargaining chip.

I can often get locals to rent to me without even asking a deposit guarantee, when they normally would ask that. I can get other locals who normally are not interested in renting, to rent to me. Others simply lower their rent price.

Really it works. They want you as a tenant. You have leverage. Use it, ask for discounts, perks, late night massages.

Ok maybe not that last one.

So where would I invest on the coast right now in 2013? Which areas are moving and which aren’t? For that see my full 2013 guide to Property Flipping in Ecuador here (now back online).

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“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. If you have been accused of committing a crime, your freedom and future success are at risk. A wide variety of legal issues may also affect your finances, or place your family’s future happiness and well-being in jeopardy. If you’re facing deportation, you need the best legal help available – and you need it immediately. One of the worst things you can do, by way of hindering your own defense within the American legal system, is to delay putting your defense together. At the Law Office of Colavecchio & Colavecchio, PLLC we will help you take those first crucial steps to begin assembling your case. We are a Nashville, TN-based professional legal team with years of experience working within the court system of the greater Nashville immigration attorney area. We’re well-connected, with a network of partners and other legal connections across the state of Tennessee. We know who to talk to for the type of case you’re presenting, what paperwork to file (and where to file it), and when all of the respective forms will be expected by. We know how to handle your case, and we will give it all of the prompt and decisive action that is so critical to issues being resolved in your favor. With everything handled smoothly, you stand a much greater chance of a successful, favorable resolution to your case. Sometimes, it might not even make it to court. If it is at all possible to have any charges dismissed, depending upon the type of case involved, timely and efficient filing of all relevant forms and other paperwork will make the judge that much more inclined to see things in your favor. Whether or not a trial is in your future, playing by the book will always work in your favor.

The official made them put all their cash on the table, count it, and when it added up to more than $10k, they told them that according to the law they would have to forfeit 30% of the total amount, or in other words about $8k. Welcome to Grafe & Batchelor, P.C. We are a Jefferson County criminal defense firm located in Festus, Missouri. We represent clients charged with alleged crimes in state, county and municipal courts in Jefferson and various surrounding counties. These offenses range from minor traffic tickets to serious felonies and everything in between–no case is too big or too small. You will have over 21 years of criminal defense experience in your corner. We do not have associates. We will personally appear in court on your behalf and personally return your phone calls. The Defenders Criminal Defense Lawyers are dedicated criminal defense attorneys first and foremost. While we do practice in a few other select areas of law (see PRACTICE AREAS); criminal defense and its related fields are where we focus our experience and passion.

My friends freaked out, and the official said “Ok, just pay me $1k cash for each of you and I’ll let you through.” At this point, one could have the option of not contributing to corruption & hiring a criminal attorney from Criminal-lawyer-perth.com.au to report the miscreants.

They paid the bribe. And now are out $2k.

Just like that.

There probably is not even a law that states you can’t bring in a certain amount of cash. If you do, its cool, you just have to declare it.  Click here for more info.

There’s certainly no tax on money entering Ecuador.

The officials lied, and they prayed on easy foreign bait.

When in this situation its best not to bribe, and just let them do what they are threatening to do.

Don’t get visibly rattled. And meanwhile tell them to ‘go f##k yourself’.

OK, maybe not that last part, but force is good… weakness is not. At least down here.

Soon, you’ll find out they got nothing and will simply let you pass after they put on a bit of a show with the purpose of scaring you into giving over a bribe.

Be sure to get their name, so you can contact criminal lawyers Melbourne and file a demand later, you have rights, but they think you don’t know them, and that being in a foreign country you won’t do nothing, That’s why they try to pull this crap.

Obviously the best way to handle this situation is prevent it, by not bringing in so much cash, a simple wire can cost $45 or so and you can transfer down hundreds of thousands at once.

Here are a few other of the easiest, quickest ways you could get robbed in Ecuador…

1. By putting your bag with valuables in it next to you in a bus, or below your seat, then falling asleep. Low and behold, when you wake up your bag will either be gone or have a hole in it where some slimy dude reached in and grabbed your computer/tablet/iphone.

2. Using an ATM to withdraw money in a secluded area or late night, then have someone else use the machine after you who may look like they are withdrawing money but actually they are inserting a machine that can copy the card details of the last person to use the ATM in order to make a mold of your card and use it online before you catch them. To prevent use ATMs in front of banks that most likely have cameras in the daytime at well-frequented ATMs.

3. Paying for a bus fare with a large bill like a $20, the tenant will probably take your money and conveniently forget to give you your change. Be sure to have exact change before boarding.

4. By getting in a taxi without negotiating beforehand what the fare will be, you will then have a very unpleasent surprise when they tell you the price at the end of your trip. If you didn’t listen to me on this one and this happens to you, just pay what you know the fare should be and walk away, they might yell at you but they won’t block your path (from my experience.)

5. By putting a valuable in one of the outer pockets of a bag, then proceeding to check it under the bus. Yes, I’ve seen bus employees in Ecuador rumaging through bags under the bus, if they know where it is and can get to it quickly you’ll have a problem. Better carry on important stuff.

6. By walking alone on a secluded beach at night, in a small group you are OK but there is a reason Ecuadorians don’t do this. This also applies to getting drunk at the beach and going into a dark area to pee repeatedly, not smart.

7. By paying a lawyer in Ecuador up-front for services rendered, hah, need I say more, that is the last time you will ever see that lawyer again. Pay 20% up front, the rest when the task is complete.

8. By entering into those wierd Ecuadorian low interest car payment plans like at those islands booths in the malls in Ecuador… what they dont tell you is that you are actually entering a raffle and it could be months before you are awarded your car,. And that there is a bunch of extra hidden fees the salesmen didn’t tell you when you signed. (Get your car with no hidden cost from Buy Here Pay Here wowloans).

9. By trusting someone just because they are from your home country… bad reason. Make ’em earn it.

10. By commiting a minor traffic violation like not wearing your seat belt in the front seat and getting pulled over by the traffic cops in Ecuador who look for a naive foreigner willing to pay a quick bribe. Act like you don’t speak a lick of Spanish and chances are they will get frustrated and just let you go. If they insist just ask them to write you a ticket. Chances are when they see they aren’t going to get any quick cash in their pocket they’ll not bother writing the ticket, and if you continue to have issues if you think you’re breaking the law or you’re not sure how law works, you can get a criminal lawyer as kibbey wagner to help you resolve cases like this.

11. By giving a landlord a rental security deposit equal to 2 months rent. Try to pay a deposit equal to just one month rent or less. Anyone asking for 2 months or more is probably not planning on ever paying you back that money. Just sayin’.

12. By buying any big ticket item from a distance in Ecuador. Chances are you will get took. Best to be present. Again, just sayin’.

13. By leaving your nice cell phone on your table while you eat in a mall. A kid will come up to you begging, then when you look again your phone will be gone. Can you tell this happened to me? You can’t just make this stuff up.

14. Walking through a crowded area with valuables in your back pockets or dangling out of your front pockets or even worse, having an SLR camera hangin around your neck.

But hey, while petty theft may be more common in Ecuador, violent crime is far less common and that you could easily live years here without any incidents.

And to learn how to avoid the most common property scams in Ecuador try my weekly Ecuador Insiders Newsletter below, you can unsubscribe at any time:

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