Up until December of 2016, capital gains taxes in Ecuador were quite reasonable. Rural properties were entirely exempt and urban properties were taxed at 10%, with half a percent reduction each year, meaning after 20 years of ownership urban properties could also be s...
It is no secret Ecuador is facing significant economic headwinds. Massive government spending/borrowing, tax increases, falling oil prices, the recent earthquake and the end of a credit expansion and construction cycle have put Ecuador in a difficult spot.
Nearly three years into my time in Ecuador, my experiences running a real estate company that caters somewhat to foreigners, investing, living and doing business in a foreign country has given me a unique perspective on expats and expat life.
In many ways I came to Ecuador to escape the overbearing state. There is no shortage of examples of tyrannical government action in the US. It seems these days you need a permit to breathe in the land of the free.
When governments make proposals, they always come behind a veil of good intention. They always sound good. They play on people’s good nature. Who wouldn’t want to help the poor, or make education more widely available, or be safer, or have more equality? They also,...
I was chatting with a friend recently who is the owner of a great bar/restaurant in Vilcabamba called Timothy’s (if you’re ever there and get a chance to check it out) and he mentioned a friend of his was selling a Finca and gave me his number.
With the recent 7.8 magnitude earthquake centered in the town of Muisne in the province of Esmeraldas on the northern coast of Ecuador, it is a good opportunity to step back and take stock of our priorities and where things stand.