Posts by Legal Team Ecuador- Business News and Updates


Articles written by this author include Legal updates and changes, regulatory updates, industry reviews, legal advice, accounting advice, Professional Employer Organization (PEO) news, Q&A with experts, and more.

How to get permanent residency in Ecuador

How to get permanent residency in Ecuador

Ecuador is on the global radar as one of the steadiest-growing economies in Latin America. The nation is home to a government open to increasing foreign investment. Ecuador is therefore incentivizing investors and workers with a permanent residency visa they can obtain in just under two years. Read on to learn how foreign investors and workers can gain permanent residency relevant to their...

Paying your staff: a guide to employment in Ecuador

Paying your staff: a guide to employment in Ecuador

As the eighth largest economy in Latin America, investing in Ecuador allows businesses to share in steady economic growth. Its government is open to foreign investment, and knowledgeable local legal and financial experts help to simplify the company formation process. It’s important to know your remuneration obligations as a company in Ecuador. Read on to learn how to pay your employees and stay...

Why Expand Your Business Operations to Ecuador?

Why Expand Your Business Operations to Ecuador?

Ecuador is one of the smallest countries in South America but is rich in culture, history, and biodiversity. Economic growth figures in the last few years have been steadily increasing and authorities expect continuous economic growth, albeit slow. However, Ecuador is making efforts to improve its economy by attracting foreign investment and capital. A couple of recent legislative changes and...

Why do Business in Ecuador?

Why do Business in Ecuador?

Ecuador sits among some of the best economic performers in Latin America, with  strong average economic growth. 'Pro-business' legislation, large-scale investments, a stable economy and the fact the national currency is the US dollar are just some of the reasons why Ecuador is a great country to conduct commercial operations.  According to the global ranking of competitiveness in studies by the...

New Ecuadorian Data Protection Law to Encourage Investment

New Ecuadorian Data Protection Law to Encourage Investment

Today, companies around the world collect and process a large amount of information composed of diverse data. As explained in the famous publication 'The Economist', personal data is now the most valued global resource, more than oil and gas. Companies that have access to data, simply put, have power. This access can allow companies to become more competitive, gain an advantage in the market,...

Investment Opportunities and Destinations in Ecuador

Investment Opportunities and Destinations in Ecuador

Located in the middle of the Andes, Ecuador stands out globally as an attractive destination for commercial opportunities. The petroleum-rich nation borders Colombia in the north and Peru in the east and south. Ecuador is diverse and has coastal areas, the highlands, the Galápagos islands amongst other areas. The region's climate has created the perfect conditions for agricultural production,...

Doing Business in Ecuador: Business Summary

Doing Business in Ecuador: Business Summary

As businesses across Latin America and indeed around the world look for new opportunities in 2019 and beyond, expanding into new markets is often considered one of the best options for growth and long-term profitability. But deciding on the right market for your expansion can be tough, as there are countless factors to take into consideration before you can ensure a return on investment and...

How to Form a Non-Governmental Organization (NGO) in Ecuador?

How to Form a Non-Governmental Organization (NGO) in Ecuador?

Find out how to form an NGO in Ecuador, and the compliance requirements to maintain this legal entity in the country. Ecuador is a beautiful country whose citizens are filled with a strong social conscience, allowing communities to dedicate themselves to social causes ranging from environmental conservation to socioeconomic improvement. For this reason, there is a legal structure used by people...

Why You Should Incorporate and Set Up a Sales Office in Ecuador?

Why You Should Incorporate and Set Up a Sales Office in Ecuador?

As globalization continues to change the world and encourage businesses to step outside of their comfort zones, expansion into Latin American markets is becoming more common. For businesses of all shapes and sizes, having a presence in key markets on all four corners of the globe not only increases brand awareness and perception but unlocks new opportunities for long-term growth and expansion....

Essential Guide to Incorporate a Local Company in Ecuador

Essential Guide to Incorporate a Local Company in Ecuador

Having finally arrived on the other side of rather controversial trade policies put in place by the last government, Ecuador is a nation ready to prove itself an extremely fruitful international import source and investment destination to the world once more.  Considering that, during 2017, Ecuador supplied USD$3Billion worth of bananas to 71 nations worldwide - making it the largest producer on...

Pin It on Pinterest