Suddenly retirement in Ecuador is the best news around. Ecuador is being touted as a South American retirement haven, competing with favorites like Mexico, Costa Rica and Panama. Rapidly increasing prices for land and housing are making those destinations less desirable for people on fixed incomes, pensions or those who just want to reduce their expenditures.
Retirement
in Ecuador = Low-Cost
Luxury
|
live
very comfortably
on less than $1000 a month after set-up expenses like furniture,
appliances and internet connections have been paid. Affordable Health Care
|
|
Because
Ecuador is only the size of Nevada, its remarkable diversity is
easy to reach. You can loll on the beach in the morning and
take a $65, half-hour flight to the mountains, arriving in the
afternoon. Both a home at the beach and one in the mountains
can be purchased for the cost of a vacant lot in many countries! Retirement Visas are an Easy Way
to Gain Residency If you can
provide documented proof that you have an income of at least
$800 per month, plus $100 more per month for a spouse or dependent, you
can receive a retirement or pensioner visa. This is just one
of the ways you can become a resident of Ecuador. A
retirement visa will grant you all
of the benefits of an
Ecuadorian citizen except the right to vote. If you
don’t have a
pension, a $25,000 real estate investment or bank CD deposit here will
suffice. You do, however, have to live in-country for 9
months in
each of the first two years you are here. (Note: visa requirements constantly change
so check the requirements in effect at the time you are ready to apply.) |
Good transportation comes in the form of buses
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