Ecuador Archives | Biz Latin Hub

August 2020 Regulatory Update: South and Central America

by Team Latin America | Sep 1, 2020

Our legal and accounting professionals report notable regulatory updates for August 2020. At Biz Latin Hub, our team of accounting and legal professionals operating across key markets in Latin America report the following notable regulatory updates for August 2020 in Argentina, Bolivia, Costa Rica, Ecuador, El Salvador and Panama. We enable foreign companies operating in Latin America to comply with all their corporate legal, accounting, and tax obligations to ensure their ongoing success and...

Lawyer’s Guide: How to Buy Property in Ecuador

by Legal Team Ecuador | Aug 16, 2020

Acquiring real estate generally entails the disbursement of a considerable amount of money. As such, be sure to know what your tax requirements are and how to buy property in Ecuador. Purchasing property in Ecuador involves other costs beyond the asset itself. The following taxes must be paid in Ecuador while buying property, such as taxes on profits and capital gains and those to be settled in the different provincial or municipal councils. Tax on profits and capital gains Be aware of taxes...

Explaining Developments in Digital Tax in Latin America

by Team Latin America | Jul 28, 2020

Economies in Latin America are changing rapidly. One important regulatory development for many countries in the region is digital tax, because it captures services delivered online or electronically. The OECD claims that Latin American economies are making real progress to address the tax challenges arising from the digitization of the economy. This international entity also expects that further digital tax developments in Latin America provides stability and certainty in the international tax...

Why Seek Commercial Representation Services in Ecuador?

by Legal Team Ecuador | Jul 16, 2020

When expanding to Ecuador it is important to understand the local commercial and trade legislation. It is therefore crucial to seek commercial representation services in Ecuador. Businesses of various sizes see Latin America as an attractive continent to do business in, with huge opportunities for growth and expansion in many sectors such as tech, tourism, and mining. The key to penetrating emerging markets such as Ecuador is to have a competent strategic business plan. Utilize local knowledge...

June 2020 Regulatory Update: South and Central America

by Team Latin America | Jul 2, 2020

Our professionals report notable regulatory updates for June 2020. Biz Latin Hub’s team of legal and accounting professionals based across Latin America report the following notable regulatory updates for June 2020 in Argentina, Brazil, Chile, Costa Rica, Ecuador, El Salvador, Mexico, Panama, Peru, and Uruguay. In our regulatory update series, we report on legal and other reforms that could significantly impact businesses in Latin America. Note that this not an exhaustive list of all...

Manage Business Risks With Due Diligence in Ecuador

by Legal Team Ecuador | Jun 29, 2020

When doing business in Ecuador, managing your business risks with due diligence is essential to achieve success. Entrepreneurship in a new market entails facing different barriers. These include linguistic or cultural barriers, as well as lack of local market understanding or know-how. Buying existing companies or partnering with locals are key ways to mitigate these challenges and obtain support for navigating an unfamiliar market. However, it is essential to protect yourself in Ecuador...

Teleworking Regulations to Continue Business in Ecuador

by Legal Team Ecuador | Jun 27, 2020

Teleworking has become a reality for Ecuadorians during the Covid-19 outbreak. However, it is also part of the regulatory framework supervised by the Ministry of Labour of Ecuador, defining teleworking as "the provision of legal and personal services, in a dependent relationship, of a non-present nature, during ordinary or special working days, outside the facilities of the place where the worker works". We describe Ecuador's new teleworking regulations established by the government to...

Perceptions of Doing Business in Latin America: Cautious Optimism For Future Growth and Opportunities

by Team Latin America | Jun 26, 2020

In June 2020, the Biz Latin Hub team launched a survey asking for information about individuals’ perceptions about doing business in Latin America. In June 2020, the Biz Latin Hub team launched a survey asking for information about individuals’ perceptions about doing business in Latin America. We received a range of responses from 75 business owners, executives, government officials and other specialists operating in over 40 countries worldwide. 57.3% of respondents are considering expanding...

Opportunities for Fintech Business in Ecuador

by Legal Team Ecuador | Jun 10, 2020

With the growing adoption of mobile devices, computers and laptops over the last 20 years, the opportunities for Fintech businesses in Ecuador are increasing rapidly. This significant increase in technology comes hand in hand with the Fintech business in Ecuador. Even several primary sectors of economies have made a way to introduce some Fintech technologies into their business. Banking changes and, therefore, online financial services are becoming more important. The importance of Fintech is...

Survey: Help Us Understand Current Attitudes on Doing Business in Latin America

by Team Latin America | Jun 5, 2020

Take our short survey and share your perceptions about the current and future outlook for doing business in Latin America: Perceptions of doing business in Latin America | Hacer negocios en América Latina We are seeking to understand general attitudes about working or doing business in Latin America, and understand what individuals and companies may be planning for the future. We are seeking to understand general attitudes about working or doing business in Latin America, and understand what...

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