I didn’t know anything about the law. I am in violation. What do I do now?
Ecuador has joined 140 other countries in the fight against money laundering (concealment of the origins of illegally obtained money). The 140 nations include the US and Canada. Ecuador now requires everyone (including expats with permanent residency) to fill out a declaration of assets over $224,240 (single) or $448,480 (couple)
Here’s the catch: the declaration includes any assets you hold anywhere in the world. For example, any retirement investments, rental homes (and with the increase in real estate prices, even a modest home may be worth over $200k), etc.
You were required to fill out this declaration by last June, 2021.
Save the Date: Tuesday, October 26th
As a service to the expat community, Jacqui Guerrero, CPA and President of G&G Accounting and Tax advisors, and Maite Duran, President of Gringo Visas will host a free dinner presentation on this new law, and the 3 steps you need to take to be in compliance. So, you’ll get answers to all your questions at one place and time. Every expat owes it to him or herself to be informed about this law. The presentation and dinner are free, and every attendee will receive a CPA Consultation Certificate worth $50.
Special guest: Dr. Armando Lana, former head of SRI in Cuenca will be there to answer all your questions about the law and the requirements for compliance.
The event will be held at Mujeres con Éxito, the well-known expat-supported charity, conveniently located in El Centro. Come enjoy one of their famous fried chicken dinners complimentary to those who attend the seminar. A cash bar will be available. Seating is limited, all COVID protocols followed. Make your reservations today. Go to email@example.com
Date: Tuesday, October 26th at 5 PM
Number of Guests (including yourself):
PS All who attend will be given a free CPA Consultation Certificate, a $50 value.
PPS. Your attendance will generate a donation to Mujeres con Éxito
Tuesday, October 26th. Time: 5 PM, Free, Mujeres con Éxito, Baltazara de Calderón 2-26 y Miguel Velez, a few blocks northwest of Parque San Sebastián, Cuenca.
CPA Jacqui Guerrero CPA: firstname.lastname@example.org 09 877 3540