Ecuador

 Ecuador flag

Official Name:  The Republic of Ecuador

               Quito

          Spanish

           United States dollar (USD)

OUR SERVICES;                      

  • Consultation (in person, online, phone)
  • Helping to prepare your documents
  • Start to finish your company registration process
  • Immigration services

Ecuador

Ecuador is a country located in the northwest of South America. Its capital is Quito and its largest city is Guayaquil. It is bordered by Colombia to the north, Peru to the east and south, and the Pacific Ocean to the west. It also includes the Galapagos Islands in the Pacific Ocean, about 965 km west of the country. Ecuador has an area of 256,370 square kilometers. Ecuador’s citizenship and residency law is based on the 1998 constitution.

General Questions 

What is the most common type of company in Ecuador?
Ecuador a Simplified stock companies (SAS), also introduced in late 2008, replaces other corporate structures in the country. Currently, more than 95% of new companies are formed using this type of structure in Ecuador.

How long does it take to register a company in Ecuador?
Complete process 4 months

How much is the cost to register a company?
$ 13950

How much capital does the company need?
$ 400

What is the corporate income tax in Ecuador?
25%

How much is the VAT on goods?
12%

What is the corporate income tax in free trade zones in Colombia?
16٪

Is a physical address required to register a company?
No.

To register a company, must be a local shareholder or manager?
No. 100% of shareholders and managers can be foreign.

What visa should applicants for immigration to Ecuador apply for?
Investors must obtain a 60-II visa to invest in Ecuador. This type of visa is a temporary visa valid for two years.

Is it possible to get permanent residence for this blind person by migrating to Ecuador?
Yes, Ecuador is one of the countries that has provided very easy, low-cost and short-term conditions for applicants to obtain permanent residency and a second passport.

How long does it take to immigrate to Ecuador after receiving permanent residency?
Applicants can apply for permanent residence in Ecuador only after 21 months of temporary residence.

What are the best cities to immigrate to Ecuador?
Guayaquil and Bolivar are very popular cities for immigrants to live.

What is the population of Ecuador?
Ecuador has a population of more than 16 million and is a young country. The average age of people in this country is 27 years. The country is culturally and racially vast.

How is the Ecuadorian security?
Crime statistics in Ecuador are one of the main problems. Of course, this does not mean that Ecuador is insecure. The most common crime in this country is theft. Therefore, it is better not to carry expensive items such as jewelry, cameras and cash in crowded areas.

What is the economic situation in Ecuador?
It can be said that Ecuador has a growing economic situation and is developing economically. The country’s economic growth rate in 2017 was announced at 3.0 percent.

The benefits of company registration in Ecuador

  • This country has been introduced as the best country for retirees.
  • It gives permanent residency to people in Third World countries without any restrictions.
  • Immigration costs to a country like Ecuador are much lower than immigration costs to other countries.
  • The cost of living in Ecuador is very low, so it is a good destination for people with low incomes.
  • The currency of this country is the US dollar.
  • Having a temperate climate in this country has attracted many people.
  • Ecuadorians are very interested in foreigners and have good relations with them.
  • Ecuador has many prestigious universities to study.
  • The Ecuadorian government treats natives and foreigners alike.
  • Company registration is done with one director and three shareholders of each nationality.
  • Registration of a company does not require the physical presence of managers or shareholders of the company.
  • The currency of Ecuador is the US dollar, which has led to economic stability in the country.
  • Business opportunities such as investing in the oil industry
    Company registration can be 100% foreign.
  • Open a bank account in Citibank, HSBC and Standard Charter banks
  • Having 4 free economic zones with advantages such as 20-year tax exemption, government facilities, import tariff exemption of goods to the free trade zone

The disadvantage of company registration in Ecuador

  • Relatively high tax 25%
  • The company registration process is time consuming due to administrative bureaucracy and lack of transparency in the process.
  • Lack of good international reputation due to corruption
  • Poor 156 rank in free economy
  • Unstable political situation and underdeveloped financial market

Type of company registration 

  • limited liability company (LLC)
  • Corporation company
  • Foreign Branch

The company registration process 

  • Submit a company registration application
  • Specify the company name and get confirmation
  • Business plan
  • Preparation and adjustment of the company’s articles of association, including company name, type of company, names of shareholders and amount of shares, names of directors, manner of liquidation of the company, company address
  • Complete company registration forms
  • Opening a bank account and depositing the company’s capital
  • Registration of the company in the tax office and obtaining the tax code
  • Registration of company in the Social Security Office for employees
  • Applying for an investment visa

The most important areas of investment in Ecuador

Agriculture and forestry
Tourism
Real estates
Fishing and aquaculture