Withdraw your investment visa money
- Marcos Chiluisa
- Jan 15, 2022
- 2 min read
Updated: Jun 27
One of the visa categories from the old law that remains in the current law is to invest your money in a CD. Currently it requires an investment of 100 minimum wages of $425, which equals a total of $42,500.
Before 2017, under the visa 9-II you could put a certain amount of money in a CD and leave it there until you became a citizen. Unfortunately, not anymore. The current law requires the money to stay in the CD until a temporary resident becomes a permanent one. A permanent residency visa means there are no attachments to keeping your visa.
Currently, a person must apply for a temporary visa, and after 21 months of being a resident, they can pursue permanent residency. They are obligated to keep their investment throughout the entire 21 months of their visa, however once they receive their permanent residency, they have the chance to get their investment back and still remain a legal resident in Ecuador.
