$25,000 investment

This topic has 5 replies, 5 voices, and was last updated 8 years, 11 months ago by COUNTRY EXPERT – WENDY DECHAMBEAU.

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October 13, 2015 at 12:29 pm #628290

GRETCHEN SOLDAT
Participant

I listened to the interview with Santiago, the attorney, and just wanted to clarify the residency requirement of the $25,000 investment. Is that for a married couple, or is it $25,000 per person?
Thank you!

October 14, 2015 at 4:46 pm #628479

EI EXPERT – EDD STATON
Participant

Hey, Gretchen. It’s $25,000 for the primary resident and an additional $500 for each dependent.

October 18, 2015 at 11:53 am #628621

Benjamin Joyce
Participant

So if you invest US$ 25,000 you become a permanent resident? Does this have to be in a business? Or can it be in real estate?

October 18, 2015 at 1:49 pm #628622

EI EXPERT – EDD STATON
Participant

Either in real estate or an Ecuadorian CD. Of course there are some other criteria like criminal reports, marriage license (if applicable), but, yes, the $25K investment is the primary vehicle for this particular type of visa.

December 16, 2015 at 5:36 pm #633077

Bill Howes
Member

Hi
I’ve just ‘picked up’ on this $25,000. requirement. Is this a necessary investment to obtain residency in Ecuador.? I’ve been under the impression that all one had to do was prove an income of $1200 per month (i.e. Canadian pension) ???
Bill H.

December 16, 2015 at 9:14 pm #633078

COUNTRY EXPERT – WENDY DECHAMBEAU
Participant

Hi Bill,

There are different types of visas and the requirements for each are different. If you are getting a pensioner’s visa, then no you don’t need to invest an additional $25,000. But for those who don’t have a steady monthly income the investor’s visa is one of the easiest to obtain and this requires a $25,000 investment in vehicles like a bank CD or real estate.
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