Since 2000, Ecuador has operated with the U.S. dollar as its official currency, offering a level of financial stability that sets it apart in the region. However, for businesses and investors repatriating funds abroad, navigating the country’s legal and tax framework is essential. Several provisions regulate the withdrawal of capital, requiring registration with the Central Bank of Ecuador and adherence to conditions set by the Internal Revenue Service. Notably, a 5% tax applies to capital repatriation, a factor investors must account for in their financial planning.
For a deeper understanding of Ecuador’s tax structure and nine other key business and legal considerations, Meritas member firm Romero Arteta Ponce Abogados- Law Firm Ecuador (Quito, Ecuador) has contributed an in-depth chapter to the newly revised “Latin America & the Caribbean: A Legal Guide for Business Investment & Expansion.” Authored by Diego Romero Ponce and the team at Romero Arteta Ponce Abogados, this chapter offers insights crucial for companies looking to navigate Ecuador’s regulatory environment.
This comprehensive guide, published by Meritas, provides valuable information across 25 countries in South and Central America and the Caribbean—serving as a trusted resource for investors and business leaders in the region.
Read the Ecuador chapter today and gain the insights you need for informed decision-making: https://lnkd.in/gUeRDSsM