 |
| 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. In Cotacachi
unfurnished
houses and apartments are not that easy to
find, but are still to be had for around $120-150 a month,
plus
utilities. Furnished houses and apartments are more, from
$400-750 a month. A new 1000-square-foot adobe villa on 1/3
acre in a gated community is less than $60,000 and a new 3-bedroom
condo is priced at $46,900.
Labor is cheap and retirement in Ecuador means that you can afford to hire a maid, guard, chauffer or gardener for as little as $6 a day. A gardener will work all day for around $10. Retirement in Ecuador can amount to a life of luxury in many ways. Finding huge succulent strawberries in the market for $2 a kilo, which is 2.2 pounds, means pure decadence to me. We dine on a 4-inch chateaubriand in a quiet garden restaurant, complete with immaculate table linens and fresh roses, for $6.50. Just the thought of such low-cost extravagances makes me feel like a queen! |
|
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 $50, 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!
 Good transportation comes in the form of buses
so numerous that you can
travel without having to make reservations. Travel by bus
costs about $.50 for every 15 miles or $1 an hour. Cabs cost
more but a 1½-2 hour trip from Quito to Cotacachi can be had
for $50-55.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 nearly
all of the benefits of an
Ecuadorian citizen.
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.
With the savings that retiring in Ecuador brings, the wise retiree is then free to travel more, relax more, invest more. Engage in new hobbies or indulge a new passion. The good life in Ecuador is waiting for those who choose to retire in Ecuador’s welcoming and sunny environs. |
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| Pictures of Ecuador A tour of Ecuador via pictures of Ecuador. Pictures and descriptions that tell a story |
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for Foreign Investors Following Ecuador laws is easy and provides protection for foreigners. Ecuador laws are favorable, visa requirements not complicated. |
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