Ecuador residency is a good option for a number of reasons. First, Ecuador offers a very attractive tax regime for residents. There is no Ecuadorian income tax on foreign-earned income, and Ecuador also has a number of double taxation treaties with other countries. This means that Ecuador residency can be a very tax-efficient way to structure your affairs.
The temporary residency visa is valid for two years and can be renewed once for another two years as long as the holder does not leave the country for more than 90 days per year cumulatively during the time of residence. A foreign national may seek for citizenship or permanent residency after the third year of residency.
A foreign national may apply for a temporary residency visa under the Ley Orgánica de Movilidad Humana (Human Mobility Act) if he or she can demonstrate sufficient means of livelihood (about US$1,000 per month). Dependents may be added, however the needed sum may be larger.
According to the SovSpot Passport Ranking Index, the Ecuadorian passport is presently ranked 57th. It allows citizens of 95 countries to travel without a visa. It receives a medium mobility score as a result of this. Visa-free travel and visas on arrival are available to Ecuadorian passport holders in countries such as Singapore, Russia, China, Brazil, and Turkey. Ecuadorian nationals require a visa to visit over 134 countries across the world. This necessitates some extensive travel planning. The European Union as a whole, the United States, and Australia are all visa-required destinations." According to the SovSpot Passport Ranking Index, the Egyptian passport is now ranked 93rd.
The number of countries Ecuador passport holders can enter without a visa (i.e. visa-free countries) and those Ecuador passport holders can enter by obtaining a visa on arrival (i.e. visa-on-arrival countries) or an electronic travel authorization is added up to determine the Ecuador passport ranking relative to other global passports (eTA). There are now 59 Ecuador passport visa-free countries, 35 Ecuador visa-on-arrival countries, and 1 eTA destination. In total, Ecuador passport holders can visit 95 countries without a visa, by visa on arrival, or through an eTA. As a result, the Ecuador passport is ranked 57th in the world. In addition to these Ecuador visa-free and visa-on-arrival countries, Ecuador passport holders must also apply for a physical visa or an eVisa to visit 134 other countries (i.e. visa required countries).
A new interpretation from the Spanish Ministry of Justice confirms that all people born outside of Spain, children or grandchildren of people who originally had
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