Ecuador Company Set Up Procedures

Ecuador company set up can be a lengthy process, but Healy Consultants' transparent, logical engagement procedures ensure more efficient Ecuador business set up. Typically, an engagement will evolve as follows:
1.	Prior to Ecuador company set up, our client settles our fees and signs Healy Consultants engagement letter.
2.	Healy Consultants provides our client a detailed engagement plan, outlining a roadmap for the upcoming engagement, thus minimising unwanted surprises and meeting client expectations.
3.	Healy Consultants collects required due diligence from our client. Our client also confirms the Ecuador corporate structure, including shareholders and directors. Only then will Healy Consultants proceed with company incorporation.
4.	To proceed with Ecuador company set up, Healy Consultants Incorporation Team registers the company name with the Ecuadorian Government and, if approved, we begin incorporation of your Ecuador company.
5.	Healy Consultants Incorporation Team will deposit 25% of paid-in capital in a special account of “Completion of Capital” (Integración de Capital ) in the name of the company being formed.
6.	To support the Ecuador company set up, Healy Consultants Incorporation Team presents the documents (attached with three certified copies of charter and bylaws) to the Superintendent of Companies for the approval of the constitution of the company.
7.	Healy Consultants Incorporation Team will publish an abstract of the charter in a daily newspaper that circulates in the area in which the company operates.
8.	Healy Consultants Incorporation Team will enroll the company in the Chamber of Commerce and will also apply for the Registro Unico de Contribuyentes (RUC).
9.	Following the Ecuador company set up, Healy Consultants Compliance Team prepares all post incorporation documents, including minutes of the first meeting, preparation of bylaws, assurance of initial share certificates.
10.	Following the Ecuador company set up, Healy Consultants couriers a company kit folder (to our client’s preferred international address) containing the following corporate documents:
	i)	Original copy of Ecuador Business Registration Certificate;
	ii)	Original share certificates;
	iii)	Client feedback form.
11.	Healy Consultants legally incorporates the Ecuador company, with the correct corporate structure, see Ecuador Company Registration procedure.
12.	Healy Consultants completes corporate bank account opening for our client, together with internationally-recognised banks such as HSBC, Standard Chartered and Citibank.
13.	Healy Consultants provides our client with a local business address in Ecuador for invoicing purposes, together with telephone, fax and email support.
14.	If required, Healy Consultants assists our client with business website building, search engine advertising, as well as stationary and logo design.
15.	Healy Consultants assists our client to obtain, corporate finance, trade finance and to open merchant accounts.
16.	Healy Consultants assists our client to locate business premises and recruit local staff in Ecuador.
17.	Following completion of the engagement, Healy Consultants e-mails an Engagement Feedback Survey to our client.
Contact Us
For more information on Ecuador company set up, email email@healyconsultants.com or telephone us at (+65) 6735 0120.
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