Republic of Ecuador
Capital: Quito HDI: 0.732 (88th)
GDP (PPP): $180.216 billion
Currency: US Dollar
Ecuador is a country straddling the equator on South America’s west coast. Its diverse landscape encompasses Amazon jungle, Andean highlands and the wildlife-rich Galápagos Islands. In the Andean foothills at an elevation of 2,850m, Quito, the capital, is known for its largely intact Spanish colonial center, with decorated 16th- and 17th-century palaces and churches including the ornate Compañía de Jesús cathedral. Ecuador has a developing economy that is highly dependent on commodities, namely petroleum and agricultural products. The country is classified as a medium-income country. Ecuador is a democratic presidential republic. The new constitution of 2008 is the first in the world to recognize legally enforceable Rights of Nature, or ecosystem rights. Ecuador is also known for its rich ecology, hosting many endemic plants and animals, such as those of the Galápagos Islands. It is one of 17 megadiverse countries in the world.
Ecuador Economy – overview
Ecuador is substantially dependent on its petroleum resources, which have accounted for more than half of the country’s export earnings and approximately two-fifths of public sector revenues in recent years.
Ecuador Overview – World Bank
Economic growth in Ecuador has been inclusive, which has directly reduced poverty and inequality levels and increased the middle class.
Industry Trends & Business Climate
Ecuador: Risk Assessment
Balanced economic assessment of the Equador economy – dated
Establishing a Presence
Business Registration Requirements – Starting a Business in Ecuador
a detailed summary of the bureaucratic and legal hurdles faced by entrepreneurs wishing to incorporate and register a new firm in Ecuador
Business Types – How to Establish a Business in Ecuador
Most people, who form a business in Ecuador, prefer corporations to the other forms of legal business structures, and, in the case of foreign companies, branch offices.
Business Types – Starting a Corporation in Ecuador: Ecuador Business Types
This site provides an overview of your 3 primary business formation options
Ecuador Corporate Tax Rate 1997-2016
The Corporate Tax Rate in Ecuador stands at 22 percent. Corporate Tax Rate in Ecuador averaged 27.17 percent from 1997 until 2015, reaching an all time high of 36.25 percent in 1998 and a record low of 15 percent in 1999. Corporate Tax Rate in Ecuador is reported by the Servicio de Rentas Internas del Ecuador.
Ecuador Corporate – Withholding taxes
Detailed description of corporate withholding taxes in Ecuador
VAT/Sales Tax – Paying Taxes in Ecuador
This site provides a detailed summary of the taxes (including VAT) and mandatory contributions that a medium-size company must pay or withhold in a given year, as well as administrative burden in paying taxes.
Ecuador Personal Income Tax Rate | 2003-2016
The Personal Income Tax Rate in Ecuador stands at 35 percent. Personal Income Tax Rate in Ecuador averaged 30.83 percent from 2003 until 2014, reaching an all time high of 35 percent in 2008 and a record low of 25 percent in 2004. Personal Income Tax Rate in Ecuador is reported by the Servicio de Rentas Internas del Ecuador.
VAT/Sales Tax – Ecuador Sales Tax Rate | VAT Forecast 2016-2020
Sales Tax Rate in Ecuador is expected to be 12.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Ecuador Sales Tax Rate | VAT is projected to trend around 12.00 percent in 2020, according to our econometric models.
Visa information for citizens of most countries to enter Equador
Consular Services – Embajada del Ecuador
Ecuador welcomes people from all over the world who wish to visit for a short period of time or to establish permanent residency.
Best Ecuador Transportation on VirtualTourist
91 tips on getting to and getting around Ecuador from real travelers and locals.
Getting around Ecuador on local transport
Transport tips on getting around Ecuador like a local
Telecommunications in Ecuador
Telecommunications in Ecuador include telephone, radio, television, and the Internet.
Telecom – Ecuador – Telecoms, Mobile, Broadband and Digital Media
In line with the global trend, Ecuadorians have turned to mobile handsets in preference to the traditional fixed-line phone. The country’s telecom market is heavily skewed towards mobility, with seven mobile phones for every fixed line in service.
Labor Market Regulation in Ecuador
This site provides a detailed summary of some of the labor regulations that would apply to local entrepreneurs wishing to hire workers, organize working schedules, improve job quality for workers, or make workers redundant for economic reasons in Ecuador.
Ecuador – U.S. Department of State
See “Labor” on this site from the US Department of State
Cost of Living in Ecuador
Average prices of more than 40 products and services in Ecuador. Prices of restaurants, food, transportation, utilities and housing are included.
Cost of Living in Ecuador. 2016 prices
Cost of living index for cities in Equador plus comparisons to other cities in the world.
Business Etiquette – Ecuador – Language, Culture, Customs and Etiquette
Guide to Ecuador and Ecuadorian culture, society, language, etiquette, customs, manners and protocol
Business Etiquette – Ecuador – Ecuadorian Business Etiquett
Dos and Don’ts of business etiquette in Equador
Climate – Ecuador weather, Ecuador climate
Ecuador has very different climates and microclimates. Weather patterns vary according to geography and temperatures are determined more by elevation than by season.
Climate – Ecuador Climate – International Living
Ecuador lies directly on the equator, so the entire country enjoys 12 hours of direct equatorial daylight 365 days a year. However, the climate you will experience depends largely on where you are in Ecuador
Safety – Ecuador: U.S. Department of State
See “Safety and Security” on this site from the US Department of State
Demographics – CIA – The World Factbook: Ecuador
A demographic profile of Equador from the CIA
Safety – Ecuador travel advice
Travel advice from the UK government
Education – Ecuador Education System
A summary of the education system in Equador at each level
Education in Ecuador
Education in Ecuador is a subject that has been debated and improved dramatically over the years.
Holidays in Ecuador in 2016
Comprehensive list of National Public Holidays that are celebrated in Ecuador during 2016 with dates and information on the origin and meaning of holidays.
Holidays in Ecuador – Public
This site has a list of Public Holidays that are nationaly celebrated in Ecuador
Demogaphics of Ecuador
Demographics of Ecuador are somewhat diverse, with age,education and race being widely varied.
Export.gov – Ecuador
A discussion of policies that effect US exporters to Equador
Ecuador Customs Regulations
Ecuador Customs regulations and procedures for importing and exporting goods at border.
Export.gov – Ecuador
Frequently Asked Questions about trade rules in Equador
Housing and Rentals
Ecuador Corporate Housing and Extended Stay Hotels
A guide to accommodations in Guayaquil and Quito
Accommodation in Ecuador – expat
Find out all you need to know to relocate and live in Ecuadorwith the expat guide
The official site of the Ministry of Tourism of Ecuador. Contains general information, photos and services available for tourists
Ecuador Travel | Places to visit in Ecuador
Sitting on the equator between Colombia and Peru, Ecuador may be the smallest Andean nation but it’s packed with the most startling contrasts of scenery