Company registration in Ecuador

Name of service Bronze Silver Gold Platinum
Check and reserve of the company name Obtaining approval from the registrar for the company name
Company registration, including state fees Preparation of a full package of documents, depending on the chosen form of ownership, cooperation with the relevant authorities prior to obtaining information on company registration
Legal address for 1 year Provision of legal address for your company in a given jurisdiction, eliminating the need to purchase or rent real estate
Assistance in opening an account Collection, preparation and submission of the necessary documents for opening a corporate account
Services of local director for 1 year Providing a resident director of a given jurisdiction or the EU, which is necessary for registering a company and opening an account at a local bank
Total cost
2300 USD 7000 USD 8400 USD On request
Accounting services
750 USD 750 USD 750 USD 750 USD
Annual renewal (paid from the second year)
2100 USD 6800 USD 6800 USD On request

Deal of the month

If you will register a company until June 30,
opening a bank account is for FREE

6 easy steps to get started
  • 1

    Select your
    preferred jurisdiction

  • 2

    Choose a bank
    that meets your
    company's needs

  • 3

    Pay for our services
    using a convenient
    payment method

  • 4

    Receive all necessary
    corporate documents

  • 5

    Receive details
    for your newly opened
    bank account

  • 6

    We'll deliver the original
    documents directly
    to you

Ecuador's economy is the eighth largest in Latin America. The South American country is also rich in oil, agriculture, and trade. A foreigner can open a business in Quito or any other city in Ecuador, choosing almost any industrial sector. The exception is the strategic industries, where special rules regulate investor participation. Buying a business in Ecuador can be profitable due to the ability to partner with other jurisdictions without restrictions.

Advantages of registering a company

  • possibility to open a company in Ecuador with 100% foreign participation;
  • a low minimum amount of share capital - from $400;
  • developed trade infrastructure;
  • absence of currency control;
  • the ability to conduct meetings of shareholders online;
  • stable exchange rate and free circulation of the U.S. dollar.

Main forms of legal presence and doing business

  • collective company ;
  • limited liability partnership;
  • limited liability company ;
  • corporations;
  • mixed capital company.

Company registration procedure in Ecuador

  • Reserve a unique company name in the Superintendency of Companies (SUPERCIAS);
  • Register the company in Ecuador in the Commercial Registry (Registro Mercantil);
  • Apply for a tax identification number (RUC) with the Ecuadorian tax authorities;
  • Register employees with the Ministry of Labor;
  • Open a bank account;
  • Submit the company data to the tax office and social security system;
  • Obtain the necessary licenses and permits to start operations.

Legislation and regulatory environment

Ecuador has a civil law system inherited from continental Europe, particularly Spain, and France.

The Company Law establishes the organizational and legal forms of business. It defines the number of founders and administration of companies, the minimum size, and the share of capital payment terms. Strategic industries must be run by state or state-owned companies. However, each sector's laws permit private investment and operations, provided that the net benefits to the state are not less than those of the investor.

Entrepreneurs who plan to open a business in Ecuador should familiarize themselves with the Commercial Code, which defines the list of rights and obligations of merchants.

SUPERCIAS supervises companies, and there is also a market surveillance authority.

Tax system

Companies registered in Ecuador and permanent establishments of foreign companies are considered tax residents of the country. The introductory rates of payments to the budget, which are levied on companies:

  • income tax - 22% - 28% (depending on corporate structure and compliance with disclosure requirements);
  • PIT- 37%;
  • VAT - 0% or 12% (depending on the taxable base);
  • capital gains tax - 10%;
  • capital outflow tax - 4%;
  • dividend tax - 0% - 37% (depending on the investor's residency and fulfillment of other conditions).

Also, companies in Ecuador pay municipal taxes.

Opening a business in Ecuador: how Prifinance lawyers can assist

To get the most out of registering a company in Ecuador, it is necessary to study the local legislation, the requirements for various organizational-legal forms of enterprises, and the peculiarities of taxation. Then, the company's lawyers will tell you about the possibilities of doing business in this Latin American country. With our support, clients can quickly and profitably establish a business in Ecuador. Prifinance will help at the company's registration stage and throughout its existence. In addition, we will provide a legal address and assist with bookkeeping and business administration.

Cooperation

Our clients

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I NI N
10:31 20 Mar 24
Collaborated with the company for 3 years. I can’t say that everything was smooth from the point of view of organizing the work; there was confusion in the structure of the work, etc. But I’ll specifically highlight employee Lyubov Malinowski, she very diligently corrected all errors and was in touch at the right time, her help was significant in all processes and she approached all issues precisely. I would like to separately highlight the moment when she solved the problem at her own expense, which speaks of the person’s professionalism and increased responsibility.
K NK N
11:40 01 Mar 24
As a software development crew at FewMoreTaps OÜ, we've had the pleasure of working with Prifinance on some key financial moves.First of all, navigating the world of corporate banking and finance can be a maze, but Prifinance made it feel like a walk in the park. They helped us set up a corporate bank account without the hassle of jumping on a plane or drowning in paperwork. Everything was done remotely, smoothly and securely.But that's not all. We had a slightly time-sensitive situation when it came to changing the beneficiary details on our account. Prifinance stepped up to the plate and handled everything quickly and professionally.It's not just about getting the job done. It's about how Prifinance does it. They're all about making complex financial matters simple and accessible for companies like ours. Plus, their team, especially Liubov Malinowski, has been nothing short of fantastic to work with - professional, timely and always on the ball.In short, FewMoreTaps OÜ wholeheartedly endorses Prifinance OÜ. Whether it's opening bank accounts remotely or navigating the financial legalities of running an international business, these guys have got your back. A big thank you to the entire Prifinance team for their first class support and expertise.Here's to more collaborations in the future!Best,Kiryl Nest
Mina KedisMina Kedis
18:10 23 Feb 24
I had their assistance in company registration and I would recommend them. They were answering all my clarification during the process and offering all their supportThank you Daniel and Irinia
Róbert KnapecRóbert Knapec
15:08 22 Feb 24
We found PRIFINANCE COMPANYvia the Internet and asked for help in organizing the opening of their company in Estonia. PRIFINANCE COMPANY specialists helped us a lot with this. Their professional, competent approach and knowledge of their business left us with only the best impressions.
Anna AnnaAnna Anna
13:33 07 Feb 24
I'm thrilled with my experience with PriFinance! They helped me obtain a crypto license in Estonia without any hassle. The team was super understanding and always available to answer my questions and assist. It was great to see how they put effort into preparing the documents to ensure everything went smoothly. I'm delighted with the outcome and highly recommend PriFinance to anyone looking to get a license stress-free!
Opening an account with Prifinance in a Swiss bank was such an easy and quick process that I was shocked. It all started with the first call, where I received detailed guidance on the required documents and the entire procedure.One of the key highlights was their attention to detail. As someone who usually gets tangled up in paperwork, I was pleasantly surprised when they sent me all the documents and instructions clearly and neatly. No misunderstandings!Honestly, I expected opening a Swiss bank account to be complex and time-consuming, but thanks to Prifinance, I felt like a professional financial expert. Thank you for making this process so easy and enjoyable!
Maria Jose SantomeMaria Jose Santome
20:39 13 Dec 23
I recently had the pleasure of working with Boris.. and I must say, it was a fantastic experience. Boris went above and beyond to assist me with my residency needs. His professionalism, knowledge, and dedication truly stood out. I highly recommend working with Boris and the team!
Valon StatovciValon Statovci
12:43 27 Nov 23
I used Prifinance to help me with a new corporate structure. The team were helpful and communicated well from the initial onboarding with Daniel to case handling by Karmen. They also responded to additional requests post incorporation very quickly, Thank you and would work with them again
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