Ecuador has one of Latin America’s lowest rates of income tax and hosts an investment-friendly environment including incentives like allowing deductions for generating employment in certain locations. The Ecuadorian Constitution provides a level playing field for domestic and foreign investors, outlining investor rights, and listing freedom of production and marketing, and Ecuador adopted the U.S. dollar as official currency in 2001.
Situated on the Pacific Ocean, the country has developed an expansive port structure, with seven state ports and ten private docks on its western border. It has also made a series of reforms to attract investment, with opportunities available in mining, oil and gas, agribusiness, and public-private infrastructure industries.
The country’s tax, legal and regulatory regimes are complex and face frequent changes as the government updates and revises its frameworks. Though these may present challenges, Ecuador offers many advantages to entrepreneurs and multinationals looking to begin commercial operations on its shores.