You Got it wrong

[William Nienaber]

Just listened to latest Ecuador Insider interview of Camila talking about 10 legal requirements for expats considering a move to Ecuador. My wife and I are currently down in Ecuador and have been since 7/1/19. This is our fifth trip to Ecuador since 2014. We have met with no less than three reputable attorneys doing our due diligence prior to application
for resident visa. The information conveyed in the interview regarding the new investor visa is incorrect. The minimum amount has changed from the stated $28,000 in the interview to $39,400 8 months ago with an additional $500 required for each dependent on the primary visa holder visa. Check out the accuracy of the information you are giving to your subscribers before you air it on your forum!

[IL’s Insider Expert]

Hi William,

Thanks for being an Ecuador Insider member – and thanks especially for getting in touch. You are correct. The investor visa requires an investment equal to 100 times the Ecuadorian minimum monthly wage, which right now is 394 dollars. We’ve been in touch with Camila, and she assured us that she usually rounds this out, and lets people know that the investor visa requires an investment of $40,000. She misspoke in the interview, and we apologize for the error. We’ve now posted a correction above the interview.

[Author]

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