Hi all,
From January 2023, the new Ecuadorian minimum wage, will be $450. It is an increase of more than was expected, but also was a promise of Guillermo Lasso campaign to become president, to increase the minimum wage to $500 in his 4 years as Ecuadorian president.
So, the minimum wage in 2024 will be $475 and in 2025 will be $500. But, for now, this increase affects the fees, taxes and more, based in the Ecuadorian Minimum Wage, from January first 2023:
The minimum income for a retirement visa, will be $1,350. The Investor Visa in a CD or property will be $45,000.
Also, traffic fees, Notary fees, and more, based on percentages of the minimum wage, or one, two or three minimum wages, will have some increase.
Any questions, please email… ulisesacostac@gmail.com
Ulises Acosta: ulisesacostac@gmail.com .
City: Cuenca
From January 2023, the new Ecuadorian minimum wage, will be $450. It is an increase of more than was expected, but also was a promise of Guillermo Lasso campaign to become president, to increase the minimum wage to $500 in his 4 years as Ecuadorian president.
So, the minimum wage in 2024 will be $475 and in 2025 will be $500. But, for now, this increase affects the fees, taxes and more, based in the Ecuadorian Minimum Wage, from January first 2023:
The minimum income for a retirement visa, will be $1,350. The Investor Visa in a CD or property will be $45,000.
Also, traffic fees, Notary fees, and more, based on percentages of the minimum wage, or one, two or three minimum wages, will have some increase.
Any questions, please email… ulisesacostac@gmail.com
Ulises Acosta: ulisesacostac@gmail.com .
City: Cuenca
