The nomad visa: an opportunity for employment and economic revitalization

The Nomad Visa is a migratory category of Temporary Residence – Rentista Modality established in the Organic Law of Human Mobility and its Regulations.

An initiative promoted by the Ministry of Foreign Affairs and Human Mobility together with the Ministry of Tourism, with a view to generating economic reactivation, as well as offering a migratory category to foreign beneficiaries who need to visit Ecuador to work remotely according to their professional activity.

In a globalized world where physical borders are becoming more and more improbable, the need for Ecuador to adapt to a worldwide trend of remote workers is becoming a mandatory aspect, even considering that this modality during and after the Pandemic became more and more necessary and indispensable in the different industries.

Key-Points of the documentation:

• Passport valid for more than 6 months.
• Apostilled criminal record certificate from the country of origin, or from the place where the beneficiary has resided for the last five years.
• Proof of economic solvency by means of bank statements that certify having received from a foreign source the equivalent of 3 SBU per month for the last three months or the equivalent of 36 SBU per year. (As of the present date, the SBU is $460).
• Justification of rendering professional services abroad or being the owner of a company abroad.
• Health insurance with coverage in Ecuador.

Nomad Visa Key-Points:

• Term: 2 Years - Renewable
• Ecuadorian Identity Card: YES (For the same term of the Visa)
• Absenteeism Limitation: NO
• Work permit with Ecuadorian entity: NO

Note: This article is for informational purposes only and may not be considered a legal opinion.