After the electoral process in Ecuador, the dialogue and consensus between the State and the business sector has begun to strengthen. The possibilities of access to tax incentives versus industry increase is an ambitious policy, as the income tax exemptions are maintained for five years in exchange for generating productivity in the private sector in the sectors of production of clean energy, food production, software development, petrochemical, foreign trade and others. In Ecuador the official currency is the Dollar, which is an attractive option for foreign investment.
However there are a number of issues which you must consider when you are looking to set up your business in Ecuador. This document takes you through some of the common questions we come across and gives you practical information about the issues you need to consider.