You can do almost everything that a citizen can do. Overview. 1. Retired people who wish to visit Ecuador for tourism-related activities can submit proof of retirement funds. The country’s native language is Spanish, so it could be challenging to adapt to such an environment if you aren’t fluent. In fact, the earlier you begin, the more money you’ll have to enjoy life after employment. There is, as always, a lot of information available on the … This is because translators charge by the page. Getting a travel health insurance from Safety Wing, an international provider is a great idea, which also covers Covid-19. The time to process Ecuador retirement visa can take any time from 2 weeks to 3 months. It really isn’t about actually being retired. It is considered the easiest of all immigration visas to obtain. The immigration authorities have access to online visa records. Photo credit: ©iStock.com/monkeybusinessimages, ©iStock.com/seb_ra, ©iStock.com/Milkos. The retirement visa is issued for two years. The minimum monthly salary in Colombia increases each year. We estimate that there are 1,500 British nationals living in Ecuador, most of them in Quito, Guayaquil, Cuenca and Galapagos Islands. As Ecuador is a Spanish-speaking country, you need to get the following documents translated to Spanish and notarized. Ecuador Retirement Visa Process is one of the key things that you will need to understand before you can put your plan of retiring in Ecuador into action. If you have a guaranteed pension check of at least $800 a month coming in than you can get your 10-I retirement resident visa. Disclaimer. But Ecuador also offers coastal cities with lower altitude than its more mountainous areas. All Rights Are Reserved! So you’ll want to keep this in mind when determining how to budget your Social Security benefit. Ecuador's infrastructure has improved significantly over the past decade. Most expats gain residence in Ecuador with a Pensioner’s visa. You need to compare it with the other two primary Residency Visas types; namely Investor Visa and Professional Visa. If you are in the Lower mainland/Vancouver Island area currently Aug 2018, would love to get together for coffee and chat about your experiences Cheers! 60-III: Pensioner: For expats with retirement income this is usually the preferred option since it requires no major capital investment. It is a temporary residence visa that allows expats to settle in Ecuador for long-term and can be converted to a permanent residence visa as well. Income requirements for a Non Lucrative Visa are a relatively low ~$30,453/€25,816 annually, plus ~$7,613/€6,454 per each additional family member. Is the Retirement Visa Electronic or a Sticker Visa? The Ecuador retirement visa or pensioner visa is by far the most common type of residency that expats apply for when moving to Ecuador. For pensioners, the country mandates a minimum pension or income of $800 a month, plus an additional $100 for each dependent. So three times that is 2,213,151 pesos or only $753 at an exchange rate of 2,941 pesos to the USD. Essentially there are three ways to retire here: marry an Ecuadorian, get an investors visa, or get a retiree visa. Ecuador Tourist Visa Extension If you want to stay in Ecuador for longer than 90 days, you can extend your stay in a Migraciones office of Ecuador, in a city that has a regional city center. It is issued to foreigners who want to live, study, work, or retire in Ecuador. The country also uses the U.S. dollar as its national currency, so you won’t have to worry about any exchange rates. This is in effect since 2019. How Much Do I Need to Save for Retirement? International Living named Ecuador its No. You can extend your visa for 90 days more. The following documents must be apostilled in the country where they were issued.