What are the Corporate Compliance Requirements for Legal Entities in Ecuador?
As Ecuador becomes a more attractive destination for businesses, it is keen to maintain a healthy business environment. To nurture this environment, the government has set up a compliance system.
The international governmental landscape is seeing a trend towards preventing money laundering. Consequently, controlling entities have been given bigger importance by many governments. Ecuador is part of this trend. In this sense, the Ecuadorian government has created the UAFE institution. The Ecuadorian government created The UAFE (Financial and Economic Analysis Unit) as a political entity to control the corporate compliance environment. As mentioned above, the main focus of the UAFE is to prevent money laundering within Ecuador.
In order to help you get a better insight on the corporate compliance requirements for Ecuador, our expert local team have created a Corporate Compliance Requirements presentation. We are confident it will help! If you have any more questions about how to incorporate your company in Ecuador then please contact our local branch.
Learn more about our legal and accounting experts, and the corporate secretarial services and compliance support we provide.
We deliver a fully integrated and complete back office solution to help your organization in meeting its business expansion, entity formation, hiring and operational goals.
Our team of legal, accounting and back office specialists are waiting to help you get started