New! Official Updates for Visa Regulations
The new migration law regulations were officially issued in a 100+ page document by the Ministry of Foreign Affairs in Ecuador effective on March 10, 2022. There are important changes concerning requirements and procedures for the following Visa applications.
NEW INCOME REQUIREMENT FOR PENSION VISA AND RENTIER VISA
The new recommended minimum income amount (effective date to be confirmed*) to qualify for a Pension Visa (retirement) Rentier Visa (rental or investment income) will be equivalent to three Ecuadorian minimum wages. The current minimum wage in Ecuador is $425 per month; therefore, the minimum pension, rental income, or salary should be $1,275 per month.
In order to add dependents under the Pension Visa and the Rentier Visa, the income amount should be $1,275 for the principal applicant, plus $250 for each dependent.
TRAVEL RESTRICTIONS & PERMANENT VISA APPLICATION
There are no travel restrictions with a Temporary Resident Visa and no time limit for traveling in and out of Ecuador. However, to apply for a Permanent Resident Visa, the person holding a Temporary Resident Visa shall not have left Ecuador for longer than 90 days in total during the Temporary Resident Visa period of 21 months.
If the Temporary Resident Visa holder has exceeded 90 days out of Ecuador during the 21 months, the person will NOT be eligible to apply for permanent residency. But will be able to renew their Temporary Visa multiple times for all types of Visas.
HEALTH INSURANCE REQUIREMENT
The new law requires ALL visa applicants to present proof of Ecuadorian health insurance or coverage in Ecuador when the Visa application is submitted. Previously, it was a requirement to obtain a Cedula ID.
NEW REMOTE WORK “DIGITAL NOMAD” VISA
This new Temporary “Digital Nomad” Visa will be granted to those who carry out professional activities or services remotely, digitally or telecommuting by either owning their own company or working for one or several legal companies or natural persons or businesses abroad.
The minimum income amount required to apply for the Temporary “Digital Nomad” Visa is equivalent to three Ecuadorian minimum wages of $425 per month, which equals $1,275 per month. Or thirty-six months (36) of the Ecuadorian minimum salary, which amounts to $15,300 per year. To show proof of income, you must present the last three months’ bank statements at the time of the Visa application.
PROFESSIONAL VISA AND INVESTMENT VISA
The requirements for the Professional Visa and Investment Visa (CD or real estate property) remain the same. You can apply for permanent residency after 21 months. Once you apply for the Permanent Resident Visa, travel outside of Ecuador will be restricted to 90 days per year for the first two years and 180 days per year in the third and fourth years. After that, you can leave the country for up to two years at a time as a permanent resident.
The Ministry of Foreign Affairs has not confirmed the change in the minimum income requirement from $425 per month, and $100 for each dependent, to the proposed $1,275 per month, plus $250 per dependent. When that change becomes effective or a new requirement, additional protocols will be issued by the Ministry of Foreign Affairs.