Ecuador has made tax and state reforms to attract investment, with opportunities available in mining, oil & gas, agribusiness, and public-private infrastructure industries. The Ecuadorian Constitution now promotes private investment, recognizing a level playing field for domestic and foreign investors, outlining investor rights, and providing freedom of production and marketing.
Since 2017, Ecuador’s growth has been steady but positive. Today Ecuador has one of Latin America’s lowest rates of income tax. In addition, the country now has an investment-friendly environment through openness zones and new incentives for investors, even allowing deductions for generating employment in certain locations.
All this, and it still ranks 129/190 for ease of doing business – so there are still difficulties for investment that implies the need of support in form of local coverage.
AUXADI can become your ideal investment partner in Ecuador. From our office, located in Quito, we offer a One Stop Shop value added Outsourcing services in the areas of Accounting and Reporting, Tax Compliance, Payroll Management and Representation services, among others.