Ecuador_America_Shanghai CHYIELD Enterprise Consulting Co., Ltd.

GLOBAL REGISTRATION

Ecuador

Advantages of Registering a Company in Ecuador

1. Policy Support: Foreign investors can benefit from tax incentives, investment protection and convenient provisions under the Public-Private Partnership Act.

2. Resources & Market: It is rich in petroleum, mineral and agricultural resources, with access to the South American market.

3. Geographical Location: A transportation hub linking North and South America with direct access to the Pacific Ocean.

4. Cost Advantages: Low labour costs and manageable operating expenses.

5. Tariff Preferences: It enjoys trade facilitation as a member state of the Andean Community.

REQUIREMENTS

COMPANY TYPE

MATERIALS

Serial

Name

Details

Company Name

Three alternative names shall be submitted for name verification, and the pre-approved names remain valid for 30 days.

Shareholder Requirements

A minimum of one shareholder is required with no nationality restrictions. If the legal representative is a foreign national, he/she must hold a valid Ecuadorian residence visa and physically reside in Ecuador.

Registered Capital

There is no minimum registered capital requirement normally. Nevertheless, if the company plans to employ foreign staff, the registered capital shall be no less than USD 12,500 and fully paid within two years.

Local Representative

Foreign shareholders must appoint a local agent in Ecuador to receive official government documents and handle tax declarations and other related matters.

Serial

Name

Details

Limited Liability Company（S.R.L.）

1. Registered capital: Minimum USD 400 (payable by instalments)

2. Number of shareholders: 2 to 15 persons; transfer of shares requires consent from all shareholders

3. Reserve fund requirement: 5% of annual profits until the reserve reaches 20% of the registered capital

Stock Corporation（S.A.）

Registered capital: Minimum USD 800 (payable by instalments)

Number of shareholders: At least 2; shares may be freely transferred

Simplified Limited Liability Company （S.A.S.）

It features streamlined registration procedures, imposes no capital requirements, and allows sole full management, making it ideal for most cross-border trading and technology service enterprises.

Mixed Ownership Enterprise

Mixed ownership enterprise; if public institutions hold more than 50% equity, a government representative shall serve as the Chairman of the Board.

Serial

Name

Details

Proof of Identity

Documents such as passports of shareholders and directors or business licenses shall be accompanied by Spanish translations and undergo notarization and authentication.

Proof of Address

A local Ecuadorian address is required, and the lease contract must be provided in Spanish.

REGISTRATION PROCESS

1

Company name availability check

Submit the pre-selected company names to the Superintendency of Companies, Securities and Insurance of Ecuador.
2

Document Drafting

Legal documents including the Articles of Association and appointment letters shall be reviewed, notarized and authenticated by local Ecuadorian lawyers.
3

Government Approval

Apply for the RUC tax identification number from the tax bureau and obtain the business license.
4

‌Open a corporate bank account

After depositing the registered capital, submit the registration application to the Superintendency of Companies of Ecuador.