It has come to our attention from one of our long time followers that there are new government fees attached to the Residency Visa. Please take note.
As is the case in many other countries at this time (including the US and Canada), sources say there is apparently in Ecuador a shortfall of funds for the Government budget (i.e. Ecuador is currently selling its oil at a LOSS at this time), and so the Government of Ecuador has effective for 2016 RAISED the Government Fee for the Residency Visa stamp to $550 per adult person and to $250 per Minor Child (from the previously indicated 2015 level of $350 per adult person and $0 per minor child).
Please note: There is NO ADDITIONAL Government Fee being charged by Ecuador for your Cedula National ID Card itself.
If you have been reading previous articles on our blog then you will also know that the Ecuador utilities, namely electric and water have doubled in the last year and tripled in the last 3 years. Food prices have gone up because of higher import taxes and at the beginning of last year, all flights to and from Ecuador have an added 20% tax as well. And finally, rental prices have doubled in paradise.
Conclusion: The once touted cheap paradise is increasingly becoming more expensive. We have been told just recently that Peru is now cheaper than Ecuador. Just wanting to give everyone a heads up on what’s happening here.
We're an Expat Family of Five, Living Frugal, Healthy and Happy Abroad. We live in Cuenca, Ecuador and travel the Ecuador coast whenever we get a chance. We just adventured throughout the country of Panama for five weeks! Come along and enjoy some of our experiences with us!