Can I Withdraw My Investment Once I Have My Permanent Residency Visa?

Here at EcuaAssist, we get a lot of questions! And we want to make sure you have those answers in an easy to access place. We will be starting a FAQ series. The purpose of this series is to simplify and present the most important information of immigration law for those who do not speak Spanish or those that find the immigration system difficult to navigate.

Despite many attempts by the government to make the immigration system efficient and user friendly, it has not quite met that goal. By providing our readers with clear and concise information, we hope that all foreigners are able to understand the most up to date immigration rules. Bureaucracy can turn the dream of living in Ecuador into a nightmare the moment people apply for a visa. At EcuaAssist, we strongly believe that the bureaucracy of immigration should not impede or deter anyone from the dream that is living in this beautiful country. Although public policies across countries are becoming more restrictive daily, we believe that every person is a universal citizen and should be able to choose where they would like to live.

Can I Withdraw My Investment Once I Have My Permanent Residency Visa?

As you remember, in our previous post, if you had an investors visa, the requirements mandated that you invest a certain amount of money in the country in order to qualify for the visa. This must be kept for the entirety of that temporary residency because at the moment you apply for your visa, you have the additional requirement of presenting proof that your investment is still there. Once you obtain your permanent residency visa, you are free to withdraw that money from that investment, or sell the property or shares you acquired and use it as you would like.

The EcuaAssist Team

email us at info@ecuaassist.com

DISCLAIMER: The information contained in this article is factual and up to date for the date in which it was published. In the case that it is read following the date of publication, we recommend that readers contact us for an updated version of immigration policy in ecuador.

Furthermore, this article does not constitute legal advice; instead, all information, content, and materials available on this site are for general informational purposes only. We hope to provide foreigners with clear and concise information regarding the migratory process so that they may live in this paradise known as Ecuador.