Introduction and questions

Last activity 02 November 2020 by PeasantDaughter

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PeasantDaughterNew member02 November 2020 15:44:54

Hi I'm new here! Ecuador seems like the only place I will be able to afford to retire to in 6 years and hoping their residency laws don't change before then.

I have a few questions:

1) I'd like my family to have the option to join me at some point, but they haven't had the same income that I have and won't have enough to meet the income minimums or savings. However, they might be able to purchase some property at the low investment threshold. I was wondering if we all purchased one property together, if a share of it could count for each of them as real estate investment? Or does it have to be one deed per person? Can multiple people be owners of a property in Ecuador?

2) I'm a home designer and wondering what the building code situation is there.

3) What kind of building materials are available or hard to come by.

4) Is the internet good enough to work remotely and teleconference to the U.S. (because I really don't know how much longer I can hang on here!)

5) What kinds of cars are for sale & service and wondering if shipping my VW is worth it or just purchase a common car there.

Thank you so much!

Suki

cccmediaEcuador / Colombia Expert02 November 2020 16:50:41

10279

PeasantDaughter wrote:
Hi I'm new here! Ecuador seems like the only place I will be able to afford to retire to in 6 years and hoping their residency laws don't change before then....

I was wondering if we all purchased one property together, if a share of it could count for each of them as real estate investment? Or does it have to be one deed per person? Can multiple people be owners of a property in Ecuador?...

Is the internet good enough to work remotely and teleconference to the U.S. (because I really don't know how much longer I can hang on here!)

Suki

Dear Suki,

Check with an Ecuador attorney or visa specialist about how you might arrange dependency so family members can meet visa requirements. Often, a free email consultation is possible. Active visa specialists are known to advertise at the Cuenca Highlife site .. as well as on this site.

Internet in major cities such as Quito and Cuenca is generally fine. Go to the sticks and it could be hit or miss.

cccmedia

cccmediaEcuador / Colombia Expert02 November 2020 16:57:53

10279

PeasantDaughter wrote:
What kinds of cars are for sale & service and wondering if shipping my VW is worth it or just purchase a common car there.

Avoid the headaches and dead ends, Suki, and sell your car before moving to Ecuador. Plenty of cars are available in La República.

Used cars are not permitted for permanent import, with possible exceptions for returning Ecuadorian nationals and diplomats.

cccmedia

PeasantDaughterNew member02 November 2020 19:12:43

Thank you, but I should explain: My kids will be turning 40 by then and are not dependents so was wondering if 3 adults can go in on one property and each get residency if their individual contribution meets or exceeds the real estate investment threshold.

PeasantDaughterNew member02 November 2020 19:13:11

Good to know, thanks!

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