Ecuador company formation assists our clients to legitimately conduct business in the emerging market of oil-rich Ecuador. The following information will help you determine whether Ecuador company formation is the optimum corporate structure to fulfill your business objectives:

Record oil revenues in Ecuador are sparking new infrastructure projects in the country. A properly-structured Ecuadorian company is well-placed to take advantage of these opportunities.

Ecuador company formation is cost-effective, with low government registration costs and a minimum capital requirement of US$800.

100% foreign ownership is permitted with Ecuador company formation.

Healy Consultants can open a corporate bank account to support Ecuador company formation. Healy Consultants works with internationally-recognised banks such as HSBC, Standard Chartered and Citibank.

An Ecuadorean company is subject to a corporate tax rate of 25%. Capital gains are taxed at 10%.

Ecuador company formation is time-consuming due to bureaucracy and unclear incorporation procedures. According to the World Bank's Doing Business 2008 Survey, Ecuador ranks poorly at 128th in the world for its ease in which to do business in. The survey measures factors including business start up procedures, time, cost and minimum capital required to start a business.

Ecuador suffers from a poor international perception. As evidence of this, Ecuador is negatively ranked as the world's 150th least corrupt country in the 2007 Corruption Perceptions Index by Transparency International, a global measure of corruption amongst public officials and politicians. Ecuador is ranked very poorly as the world's 106th-freest economy, and scores at 30% in terms of investment freedom and capital flows in the Heritage Foundation's 2008 Index of Economic Freedom, a measure of freedom enjoyed in  business, trade, monetary, financial, investment and labour markets.

An annual tax return and financial statement must be submitted to the Superintendency of Companies following Ecuador company formation.

Ecuador is poorly ranked as the world's 105th most competitive economy in the World Bank's Global Competitiveness Report 2007-2008.

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