Ecuador

Woman using her tablet to carry out teleworking 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 …

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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 …

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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 …

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Two people look at computers, representing a corporate compliance process 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 …

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A picture of a Cathedral in Ecuador

Simplified Shares Company (SAS) in Ecuador: A New Opportunity

Ecuador is promoting business in the country by introducing a new legal entity, the Simplified Shares Company, or SAS (Sociedad de Acciones Simplificadas). On February 28, 2020, the new Law of Entrepreneurship and Innovation came into force in Ecuador. This law is a very important advance in Ecuadorian legislation and is accompanied by the implementation …

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