Can we settle in Ecuador
Start a company in Ecuador
Even when investing and setting up a company abroad, we are at your side with specialist knowledge and our contacts
Company formation in Ecuador
There is no special law in Ecuador to protect representatives of foreign companies. Agency contracts are possible with persons or companies resident in Ecuador, whereby agency companies must be registered as trading companies with the company supervisory authority (Superintendencia de Compañias). In the case of public tenders, a notarized power of attorney must be prepared with the representative so that he or she can act as the official representative of the foreign company to the Ecuadorian authorities.
Stock corporations (Sociedades Anonimas), GmbHs (Sociedades de Responsabilidad Limitada) and branches of foreign companies are among the most common types of company. There must be at least two shareholders who are also responsible up to the amount of the subscribed share capital. When establishing a stock corporation, 100 percent of the capital must be subscribed, but only 25 percent actually paid in; the minimum capital of a public company is USD 800.
Limited liability companies can be formed by two to a maximum of 15 shareholders. They are liable up to the amount of their capital contribution; At the time the company is founded, 100 percent of the share capital must be subscribed by all shareholders and at least 50 percent must also be paid in. The minimum capital is currently USD 400 and it is to be divided into equal shares.
In the case of limited liability companies as well as stock corporations that have foreign partners or foreign shareholders, they must send the following documents to the Ecuadorian business partners by December:
- An extract from the company register
- A notarized list of all shareholders and partners
Since a legislative reform in 2014, all information about foreign shareholders must also be disclosed when establishing a stock corporation. Branches of foreign companies are relatively easy to set up; A certificate from the diplomatic mission of Ecuador in the country where the parent company has its registered office must be submitted, which certifies the existence of the parent company abroad. The articles of association of the company and a resolution by the management to establish a branch in Ecuador must be attached. The minimum capital requirement for a branch is USD 2,000.
You can obtain detailed information on company formation, investments and taxes at the Foreign Trade Center Bogota.
In addition, the Bogota Foreign Trade Center is available for information and personal advice: Just send an email or give us a call.
We support you in founding and investing
Our foreign trade centers will advise you on founding and investing in your target market so that your investment abroad does not go into the deep end. There is also entry fee for the brave: The go-international funding program makes it easier for you to enter the market, develop the market and set up a branch abroad and is part of the internationalization offensive of the Federal Ministry for Digitization and Business Location and the Austrian Chamber of Commerce.
At some point the time has come. Often only later, when things are going really well and the sales are right. Sometimes the same, because you can't keep twelve sales partners on a leash with a six-hour time difference. Often because the market demands a product that has to be serviced, assembled or produced with your know-how on site.
Having your own branch is always expensive, but it is also always your best sales partner in an export market. When the time comes, we'll know how to do it. Company formation, legal form, taxes, visas for seconded personnel, labor law, insurance, choice of location, subsidies, financing - we will prepare you and help you through.
We have accompanied many other companies in your target market in their investment decisions before you and can pass on their experience to you. And the most important thing: our network of competent service providers can be seen everywhere and saves many empty kilometers.
Are you ready? Simply contact the Foreign Trade Center Bogota.
If you want to settle in a foreign market, you first have to dig into the cash register - even good service and advice do not change that. Marketing, legal advice, partner search: everything costs before it brings anything. Even with good preparation, there is no guarantee of success when entering new investment territory.
The direct funding from the go-international internationalization offensive cushion risks and relieve companies. Among other things, travel and marketing costs, fees for local industry experts, trade fair and congress participation, legal and tax advice on business start-ups and market analyzes are eligible for funding.
In addition, there are of course other funding agencies and funding opportunities: Our experts in the regional chambers have an overview of many funding measures and help you to find your way through the funding jungle!
In the course of time Austria has concluded over 60 bilateral investment protection agreements in order to protect Austrian companies that invest abroad from being disadvantaged and expropriated without compensation. These agreements are particularly important for small companies that dare to venture abroad: They increase legal security for companies investing abroad.
The Federal Ministry of Science, Research and Economy publishes a list of all bilateral Austrian investment protection agreements, including those that exist with other EU countries (intra-EU BITs).
Since the entry into force of the Lisbon Treaty in December 2009, responsibility for foreign direct investment has been transferred to the European Union (Article 207 TFEU). Since then, the EU has also been negotiating investment protection as part of free trade agreements or purely investment and investment protection agreements. The member states may continue to conclude bilateral agreements with third countries, provided that no European agreements are being negotiated or planned with these countries.
We give you an overview of the EU's trade and investment agreements with third countries.
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