This was my thought as we viewed property on our recent Ecuador real estate tour. My mind was not on the taxes, but on the flowers as I viewed the flora at just one river house we visited. Gardening is a favorite hobby and Ecuador is an amazing place for flowers. Everything grows…and fast!
This house sits on the Chone estuary. The building is a dog, probably a tear down…but its on the river with this view and…
The gardens have such potential. I shot some pictures of delegates under the mature trees…
of numerous colors.
twenty feet tall
What a nice place to garden and smell the roses…and other plants.
To do so is much easier because of two huge Ecuador tax breaks.
First Ecuador does not tax income earned abroad. So those on a corporate pension or Social Security can live in Ecuador and spend it all because there is no Ecuador tax on that income.
Furthermore there is no capital gains on the occasional real estate sale.
Just like in the US, if you make a business of buying and selling cars or real estate you become a dealer and may be taxed.
If you just buy a property once in awhile and sell for a profit…even though it could be a large profit…there is no Ecuador tax liability.
So one can live in Ecuador on a pension ($1,000 a month is the minimum for residence). They can supplement the pension by keeping an eye open for the once-in-awhile real estate deal…earning it all tax free from an Ecuador point of view.
This low cost of living and Ecuador’s tax benefits make it much easier for those of us who like to garden…to grow and smell the roses!
Join us in Cotacachi in February when our courses focus on health and wealth.
Merri, our webmaster and I have created a new course on how to build a web business with a webmaster. Here is a special offer on this new course.
You can enroll in this special course for $299. However if you sign up for all three courses in February or March 2009, I will send it to you free. You save $299.
Sheri Clary will be at our February courses and available for consultations about bio-identical hormones. Our February Cotacachi schedule is:
Join Merri, me and Blaine Watson, plus enjoy a shamanic ceremony in the Cotacachi Shamanic Valley.
Feb. 13-15 International Business & Investing Made EZ
Join Merri, me and Peter Laub of Jyske Global Asset Management at OUR INTERNATIONAL INVESTING & BUSINESS COURSE IN ECUADOR. We review economic conditions, Ecuador real estate, my entire portfolio plus investing and business ideas for the months ahead.
Feb. 16-17 Imbabura Real Estate Tour
March 8-9 Imbabura Real Estate Tour
March 10-15 Ecuador Import Export Expedition
March 16-19 Ecuador Coastal Real Estate Tour
Bob Shane will be at our March course and will be available to provide health balancing.
Get our web based course FREE if you join us in Ecuador this February or March.
Attend any two Ecuador courses or tours in a calendar month…$949 for one. $1,349 for two
Attend any three Ecuador courses or tours in a calendar month…$1,199 for one. $1,799 for two
Future 2009 courses
May 29-31 JGAM Global Asset Strategy Seminar
July 24-26 IBEZ North Carolina
Oct. 9-11 IBEZ North Carolina
Oct. 21-24 Ecuador Import Export Expedition