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Ecuador

Ecuador Flag

Country: Ecuador
Region: Americas
Currency: US dollar (USD) (US$)
Languages: Spanish
Time Zone: UTC -5

Phone Code: +593

Communications: Good

Formation Cost: 2000 - 5000 USD$
Formation Time: 50 - 60 days
Maintenance cost: 0 USD$

Executive Summary: Ecuador is located in western South America, bordering the Pacific Ocean at the equator between Colombia and Peru. In 2014, the population is estimated at approximately 15.7m. The official language is Spanish. Petroleum accounts for more than half of Ecuador’s export earnings and about two-fifths of government revenue. Economic growth reached 7.8% in 2011, before moderating to an estimated 4% in 2013. However, economic policies under the Correa administration, such as an announcement in late 2009 of its intention to terminate 13 bilateral investment treaties, including one with the United States, have generated economic uncertainty and discouraged private investment. New investments meeting certain requirements are entitled to a five-year exemption from income tax.

Suitable for: Banking, Yachting, Trading Goods, Property Ownership
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Company Purpose Stats:

Wealth Management:

 

Treasury Management:

 

Banking:

 

Insurance:

 

Fund Management:

 

Shipping:

 

Aviation:

 

Yachting:

 

Trading Companies Goods:

 

Trading Companies Financial:

 

Intellectual Property:

 

Holding Companies:

 

E-Commerce:

 

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Vehicle Types: Limited companies, corporations, general partnerships, limited partnerships, branches and sole proprietorships

Capital primary business districts: Quito, Guayaquil

Good Relationships: Canada, China, Germany, India, United States

Bad Relationships: Burma, Cuba, Iran, Korea (Democratic People's Republic of), Libya, Somalia, Sudan, Syria

Tax Burden - Business: Moderate

Tax Burden - Individual: Moderate

Headline tax rates: CIT 22%, PIT 5%-35%, VAT 12%

Treaty Jurisdictions: Belgium, Bolivia, Brazil, Canada, Chile, Colombia, France, Germany, Italy, Korea, Republic of, Mexico, Peru, Romania, Spain, Switzerland, Uruguay

TIEA Jurisdictions: Argentina, Costa Rica, Honduras

Information Links:

 

 

 

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