Permanent Residency Visa through Investment Programs
Investment immigration by definition is where a foreign individual invests a set amount of money into an investment project for the benefit of the country’s economy, for the sole purpose of obtaining a permanent residency visa. The country in which the applicant invests into must be the country he/she wishes to gain a permanent residency visa in. The residency visa is granted on approval of the individual’s investment plan and will enable the applicant to live and carry out business in that country along with his dependents. Generally, most jurisdictions provide the opportunity for the investor to sponsor his family to reside with him.
It is important to acknowledge that each jurisdiction provides for different requirements to be met in order to qualify for a residency visa through investment.
Ecuador is a popular location for many foreign investors seeking permanent residency. It boasts a peaceful and environmentally friendly existence and features a high standard of living for its inhabitants. It is currently rated as the 3rd most desirable location to retire in, in the world. It has a strong political and financial infrastructure with a solid and prominent legal framework. Its geographical location enables it to be a hotspot for international business relations, particularly with America. Ecuador living expenses are relatively low, offering good health care and education standards while boasting excellent public and private services.
Ecuador investment visas (permanent residence visas) are applicable under a number of categories. Applicants are required to have a 12-IX visa upon applying for a permanent residence visa.
Retired Individuals seeking permanent residency in Ecuador may apply for the 9-I retirement visa. In order to be eligible, the applicant will need to receive at least $800 per month from their pension, however this amount may vary. Relevant documentation is required when applying for a residency permit under this program. This includes:
Investors seeking a permanent residency visa can invest in real estate or securities in Ecuador, provided their investment is a minimum US$ 25,000 with an additional fee of US$ 500 per dependent included in the residency application. Relevant documentation is required when applying for a residency permit under this program. This includes:
Under this category the investor has the opportunity to invest their funds into an exporting industry. The minimum investment must be at least USD$30,000 and can be invested into agricultural products, livestock or minerals. The required documentation for application under this category includes:
Regardless of which investor program the applicant wishes to apply for, there are certain relevant documents required. These include:
It is important to acknowledge that all foreign investors who obtain the residency permit are liable to have it revoked when they spend more than 60 days per year away from Ecuador within the first 2 years of residency.
Foreign nationals may obtain Ecuador citizenship through naturalization. In order to be eligible to apply, the applicant will need to meet the following requirements: