Company Formation in Ecuador
Americas
Overview
Ecuador, a South American country, offers an attractive environment for business with relatively low tax payments (VAT 12%, corporate tax 25%) and a stable fiscal system. Although not widely known as an offshore jurisdiction, it presents a promising direction for non-resident investors due to its high economic growth potential and lower corruption compared to some other regions. The country operates with the US Dollar as its official currency.
Our Process
Step 1: Choose Legal Form
Select the most suitable legal organizational form for your business, such as Limited Liability Company (LLC), Collective Enterprise, or others, after studying local laws.
Step 2: Document Preparation
Prepare all necessary incorporation documents tailored to the chosen legal form and submit them to the relevant authorities.
Step 3: Capital Deposit (If Applicable)
Deposit the required minimum share capital into a local bank account, as mandated by your chosen company type (e.g., 50% of $400 for an LLC).
Step 4: Company Registration
Complete the official registration of your company with the Ecuadorian authorities.
Step 5: Corporate Bank Account Opening
Open a corporate bank account with a local bank to manage your business finances.
Key Requirements
- Compliance with local laws and regulations
- Minimum 2 founders for Collective Enterprise (founders can be non-residents)
- Minimum share capital (e.g., $400 for LLC, $2000 for Representative Office)
- Due diligence checks on all principals