Expat Community > Ecuador

General
Joined 2011
Posts: 23

Ecuador Missing the Boat

9 years ago

So, the government believes that yachts are just for the rich and charges a very high tariff on all those that are brought into and registered in Ecuador. This in turn has prevented the development of marinas, anchorages, boatyards, and chandleries that could serve power and sailboats in Pacific equatorial waters. That in itself, reduces Ecuadorian potential incomes and that of the government.
In fact, there are many people who are not so wealthy that they would be willing to bring their boats to Ecuador because of this. Many are cruisers who live aboard, but still have to put money into their hole in the water, even if they do their own maintenance.
Indeed, the fishing industry is primary here. But a great resource is not being used to its potential, IMHO.

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