Ecuador
How Ecuador performs
Tax
On the high side. Taxes here are heavier than in most countries we cover (83rd of 123). Worth taking tax advice before you move. Personal income tax 0-37%, corporate tax 22-28%, VAT 15%.
Source: Heritage Foundation, Index of Economic Freedom (Tax Burden sub-score)
Safety
Serious concerns. Ecuador is one of the least peaceful countries in the index, 103rd of 117. Check current travel advice before planning a move.
Source: Institute for Economics and Peace, Global Peace Index
Cost of Living
Very affordable. Ecuador is one of the cheapest places to live in the index, 22nd of 118. Your money goes a long way here.
Source: Numbeo Cost of Living Index
Education
Below average. Education here is weaker than in most countries we cover (75th of 120). Families may want to look at international schools.
Source: UNDP & MBRF, Global Knowledge Index
Every figure is published by the institution named against it. We do not adjust, model or estimate the underlying values. See the formulas.
The detail behind the scores
Taxation
| Corporate income tax | 22-28% Applicable tax rate varies based on the shareholder structure and location of the company |
|---|---|
| Personal income tax | 0-37% Applicable tax rate varies based on the amount of income earned |
| Standard VAT | 15% |
Rates change without notice. Confirm with the relevant tax authority before acting.
Naturalization Requirements and Immigration Pathway
- Residence for naturalization
- 3 years
- Language requirement
- YesProficiency in Spanish language
- Investment Immigration Pathway
- Ecuador Investor Visa (Visa de Residencia Temporal de Inversionista)
- Official language
- Spanish
- Dual citizenship
- Allows dual citizenship
Peru
Canada
Chile
Guatemala