Basic Fruit Haven Ecuador
Vegan Group Land Buy Structure
1. What You Get
- Percent Share in Property: Your name is on the property title, and it lists the percentage of the property you own.
- Personal Homestead Lot: A designated lot on the property with GPS points, legally tied to your name.
- Participation in Property Development Fund: Contributions go toward road maintenance, community areas, infrastructure like electricity and internet, tools, and equipment.
2. Legal Issues
- Legal Contract Between Owners: Defines land use guidelines, dispute resolution, prohibitions, and fines.
- Personal Homestead Lot Definition: The contract includes a map with lot numbers and GPS points, clearly establishing boundaries.
3. Residency Options
- Property Ownership: Foreigners can legally buy land in Ecuador without residency.
- Residency Based on Property Ownership: Only one owner per property can use it for residency. The largest investor usually gets preference.
- Tourist Visa: Non-residents can stay up to six months per year or 1.5 years within a five-year period using a tourist visa. See this page for visa info
4. Property Use Options and Reasons for Investment
- Permanent Residence: Some buyers choose to live permanently on their homestead lot, building a house and growing food.
- Retreat or Vacation House: The property can be used as a vacation home or rented out to help maintain the land upkeep costs.
- Commercial Organic Fruit Production: Buyers can invest in organic permaculture fruit production for small profit.
- Investment or Resale: Some buyers purchase land purely for investment, planning to resell it later for a profit.
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