According to The World Bank, while the short-run macroeconomic outlook for Ecuador is stable, the external environment is rapidly deteriorating as a result of the worldwide crisis. This is likely to impact the demand for Ecuador's exports and affect growth prospects. Concerns remain about the weakening of the fiscal balances and the current account of the balance of payments. The government recently announced a series of economic measures to mitigate the impact of the world crisis. Coping with the effects of the world crisis will remain an important challenge in the near term.
Perhaps you're interested in establishing a partnership with one of the country's exporters. You may be considering joint ventures with Ecuadoran companies, franchise or licensing opportunities or sales of your products and services in Ecuador. Whatever your interests and needs, the resources provided here will lead you to information that can support your entry into this vibrant market.
More About Business Basics
Everything from understanding government regulations and tariffs, to the right labeling and gaining local representation comes into play when doing business in Ecuador. Getting the basics down can prepare you for market entry.
UK Trade & Investment, a division of the government of the United Kingdom, created this downloadable PDF report on doing business in Ecuador. The report provides introductory information about the market, advice to companies that want to export to or do business in Ecuador, and a guide to etiquette, language and cultural concerns.
Understanding market-specific issues, such as licensing, employment issues, getting credit or starting a business or franchise, is critical in moving into new countries.
The World Bank's "Doing Business In" project compares business procedures and economic regulations in 181 countries throughout the world. This page provides introductory information about the Ecuadoran market. Most World Bank materials are published in English, Spanish, Portuguese, French, Russian, Chinese and Arabic.
This comprehensive report includes chapters about dealing with licenses, starting or closing a business, employing workers, getting credit, protecting investors, paying taxes, enforcing contracts and trading across borders in Ecuador.
This World Bank chart summarizes the procedures, schedule requirements, and costs associated with setting up a business in Ecuador.
Using the building of a warehouse as an example, this page features a chart summarizing the procedures, time and costs to build in Ecuador. Text beneath the chart provides details about each procedural step in the process.
Business success abroad depends not only on the quality of your products and services, but also on the knowledge and respect you show for the customs and manners of business people in your host country. These guides will help you to ensure that your business conduct in Ecuador makes a positive impression.