Ecuador Banking and Business

by | Apr 6, 2009 | Archives

Recent messages have looked at Ecuador banking and business.

The global economy is going through a paradigm shift.  This creates great opportunity, but also means we all have to embrace change. We need to realize that many will gain a lot in this change… but also some will lose.

Here is an Ecuador income opportunity, a…


hotel for sale in Otavalo.  Otavalo Market is one of the largest tourist attractions in Ecuador. More below.

There are four places where we are most likely to profit… real estate… commodities… stocks and our own small business… always keeping in mind… value..diversification… service and fulfillment.

Our messages of the last week have featured income earning ideas.

We have looked at:

Ecuador Export Ideas.

Plus how to earn with:

Ecuador flowers Ecuador Flower Income.

US franchises and bed & breakfast at Ecuador & Business Curves.

Ecuador farming at Ecuador Canadian Connection.

Organic Animal Wash.

Ecuador Organic Farming.

The Ali Shungu hotel has been for sale for some time… but we felt the price was  too high…  even though this is an excellent facility with wonderful grounds.


There is great profit potential with overseas businesses plus there is also enormous tax benefits with an Ecuador or overseas business.

Ali Shungu’s owners wanted a million dollars. “too much”, we thought, “even though it has this full restaurant”.


There are also enormous legal, asset protection and tax benefits that an overseas business can bring. The most effective structure from a tax deferral point of view is a non U.S. structure (corporation, LLC, limited partnership or trust) that operates entirely outside the U.S. and that is owned 50% or more by a non U.S. person.

Then the owners dropped their asking price to $750,000.  “Getting closer”, was out thinking… but not quite low enough despite this wonderful patio.


Using an overseas structure, a corporation owned at least half by non U.S. citizens or residents, has helped me expand our hotel business.

Some business owners do not want to have someone else own half their business. If this is the case, I recommend that you donate half the business to some U.S. charities. Pay them some dividends as your profit and treat them well. This can help your business be more fulfilling as well as profitable.

This message shows another Ecuador income producing opportunity, this Hotel Ali Shungu, for sale in Otavalo.

The rooms are adequate.




There are three huge condos above the hotel. Here is Merri and one of our delegates on a recent Ecuador real estate tour examining one of the condos.


Then recently the owners offered us a $150,000 commission to sell the hotel. We are not brokers and do not take commission so our reply was “cut the price for our readers”!  This would place the price at $600,000… an interesting value.

We viewed this hotel on a recent real estate tour and I am sending a full report to my Ecuador Living subscribers next week.   If you are not a subscriber and would like this report, you can learn how to subscribe to Ecuador Living here.

One important point about using overseas structures and banks.  We have warned readers for more than 20 years to be sure to always have an attorney experienced in using overseas structures. The law is complicated.

See one warning written a decade ago at More on the loss of bank privacy

For specific information about using overseas structures correctly, you can contact Joe Cox at

Joe has been my friend and attorney for more years than I care to remember.  He specializes in estate planning, insurance, trusts and taxation. He received a Juris Doctorate from the University of Tulsa School of Law, and a Master of Laws in Estate Planning from the University of Miami, School of Law. Joe is Board Certified in Estate Planning and Administration and in Taxation by the Florida Bar.

In addition to the Board Certifications, Joe is a Fellow in the American College of Trust and Estate Counsel. He is a member of the American and Florida Bar Associations, and is admitted to the Federal Appellate Courts and the United States Tax Court. Joe is a frequent speaker on tax planning topics such as income taxes, insurance trusts, irrevocable trusts and offshore asset protection trusts. He has also written articles and books concerning income tax and irrevocable trusts.

Joe is listed in Who’s Who in America and Who ’s Who in American Law. Chosen by Florida Trend Magazine as one of the top 1.6% of lawyers in Florida and one of the top 34 Wills, Trusts, & Estate Planning lawyers. Chosen by Worth Magazine to be one of the top 100 attorneys in the Nation.

Among his community commitments, Joe has served many organizations in a leadership position. These include: Naples Community Hospital, Community Foundation of Collier County, YMCA of Collier County, Community School of Naples, Alzheimer’s Association, Forum Club, Senior Friendship Centers, Inc. He was named the Child Advocate of the Year.

Joe will speak at the upcoming JGAM Multi Currency Investment Seminar May 29-31 2009.

Joe wrote several chapters on how to use overseas structures for our course on international business that is included with emailed course n how to develop a web based business. See more here.



Join us in Ecuador.

Ecuador Coastal Real Estate Tour May 16-17. $499 Enroll here.   $749 For a couple.

Delegates stay on this beach that Dennis Goff shot on our last Ecuador coastal real estate tour.


Imbabura-Cotacachi Real Estate Tour May 20-21.  $499 Enroll here.  $749 For a couple.

Ecuador Amazon Herbal Tour May 22-24.  $399 Enroll here. $499 For a couple.

Take Two for One. Attend any of the three international business & investing courses below and select any one of the tours above free.

July 24-26 IBEZ North Carolina + Tangled Web

Oct. 9-11 IBEZ North Carolina + Tangled Web

Nov. 6-8  IBEZ Cotacachi + Tangled Web

Sign up for our three May 2009 tours and attend any of the IBEZ Cotacachi + Tangled Web seminar above FREE.

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.

Learn about our July 2009 Ecuador export tour 2-4-1 deal here.

See our full 2009 schedule here.