Latam Desk | Ecuador

Why Ecuador?

National Population:

+16.4 million people

Growth Projection by 2027:

2.56%

Main Characteristics:

Ecuador is among the best-performing countries in Latin America, according to UNECLAC.

It is one of the leading countries in biodiversity per square kilometer.

The country grants tax credits and unlimited remission of profits in all sectors of economic activity.

It has a dollarized economy and one of the lowest inflation rates in the region.

It has access to a market of more than 1,000 million people due to its signed trade agreements.

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Companies in Ecuador have no nationality restrictions or shareholders' residency requirements for incorporation.

Corporate Taxes

25%

Dividends

Dividends received by a domestic or foreign corporation of a resident company are tax-exempt if profits have already been subject to corporate tax.

Employment Taxes

Payroll Tax:	1%
Social Security:	11.15% (employer) / 9.45% (employee)

VAT

12%

Remittance of profits

Fully allowed with no restrictions.