Ecuador- Business News and Updates


Legal updates and changes, regulatory updates, industry reviews, legal advice, accounting advice, Q&A with experts, and more.

June 2020 Regulatory Update: South and Central America

June 2020 Regulatory Update: South and Central America

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

Manage Business Risks With Due Diligence in Ecuador

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

Teleworking Regulations to Continue Business in Ecuador

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

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

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

Opportunities for Fintech Business in Ecuador

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

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

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...

Changes to Accounting Obligations in Ecuador During COVID-19

Changes to Accounting Obligations in Ecuador During COVID-19

Learn how Ecuador has modified some of its accounting obligations for companies due to the current situation and economic uncertainty facing the country. Ecuador, like many other countries, has been affected economically, politically and socially by COVID-19. However, despite the current situation and existing restrictions, companies operating in the country have continued their commercial activities and must comply with the accounting obligations established by the government. The Ecuadorian...

What is a Corporate Compliance Officer for an NGO in Ecuador?

What is a Corporate Compliance Officer for an NGO in Ecuador?

Owners of a Non-Governmental Organization (NGO) must appoint and register a Compliance Officer in Ecuador according to local corporate regulations. Non-Governmental Organizations in Ecuador, beyond having to comply with specific requirements for the operation of their activities locally, are also considered obligated subjects before the Financial and Economic Analysis Unit of Ecuador (Unidad de Análisis Financiero y Económico - UAFE). This regulatory body is the one in charge of identifying...

Overview of the Nice Classification System for Trademarks

Overview of the Nice Classification System for Trademarks

The Nice International Classification System for trademarks was established by the Nice Agreement as an international classification for both goods and services when registering trademarks. When planning a market entry strategy into Latin America, many miss the opportunity to use trademark services and and the protection they grant.  Trademark services in Latin America are an excellent and highly recommended way to shield and protect your investment and intellectual property in Latin...

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