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If your international business expansion isn’t going to plan, it’s important to understand how to liquidate a company in Ecuador. Ecuadorian legislation provides several procedures to liquidate, cancel and dissolve established companies or branches domiciled in the...
Biz Latin Hub expansion in Latin America marks its fifth year. This year, Biz Latin Hub celebrated its fifth birthday, marking 5 successful years of empowering foreign companies interested in doing business in Latin America. “In our fifth year, we’ve achieved a number...
The end of the year 2019 is approaching. Foreign companies across Latin America will be grappling with the year-end accounting closing process and administrative procedures. Do you know how to perform the accounting closing process for your company in Ecuador? On many...
Historically, Latin America has always been known for its exhaustive and rigorous corporate compliance systems which can vary by country, and prove challenging for foreign investors to understand. Countries such as Brazil and Argentina register high on global tables...
Tourism in Ecuador is rapidly becoming a key pillar of the country's economy. The country’s geographical and cultural diversity makes it a striking destination for holidaymakers from Northern and Southern America. Tourist numbers have grown steadily since 2007,...
Since the validity of the Constituent Mandate 8 on 6 May 2008, hiring staff in Ecuador has been somewhat complex. The mandate ruled that outsourcing labor hiring intermediation and any form of employment-related activities to which the company or employer in Ecuador...
As expected, Ecuador has been the most recent nation to join the unstoppable bandwagon – the medical cannabis industry. The Ecuadorian National Assembly passed legislation to approve the production, commercialization, use, and consumption of cannabis for medicinal or...
Ecuador is a country that has traditionally based its economy on its natural resources, both renewable and non-renewable. In this sense, Ecuador is no stranger to mineral exploration and exploitation activities. For example, the country has great experience in the...
Ecuador is increasingly becoming an investment destination of choice in Latin America. Investors planning on starting a business in Ecuador have the opportunity to take advantage of the country's economic offerings and strategic position in the region as the country...
When starting a business anywhere in the world, political vigilance is essential. Being aware of the government of the time, their import/export policies and any upcoming reforms can be decisive in the success of your business. Time after time, businesses are caught...