Why Ecuador Is One Of The Best Countries To Start Your Business In 2023?

• Published date: 11 July 2023
• Subject Matter: Corporate/Commercial Law, Government, Public Sector, Inward/ Foreign Investment, Corporate and Company Law
• Law Firm: Biz Latin Hub Group
• Author: Mr Craig Dempsey

Blessed with natural resources Ecuador has booming mineral, energy, and agriculture industries. Positioned as a strategic gateway to the Pacific and Andean regions, it grants unparalleled access to expansive markets in South America. Start your business in Ecuador now!

It offers vast opportunities for foreign investment which is why it's the perfect time to start your business in Ecuador. The presence of enticing government incentives further enhances its allure as an attractive destination for new business ventures.

This article provides compelling reasons for starting a business in Ecuador while shedding light on the latest investment opportunities.

See also:Company formation in Ecuador

Know these facts before looking to start your business in Ecuador

Why is Ecuador a Good Place to Start Your Business?

Ecuador is open for business, with the government actively seeking to attract an influx of foreign investment amounting to 30 billion dollars over the next four years. President Guillermo Lasso remains dedicated to streamlining trade and investor procedures, fostering an environment that encourages international business engagement.

As an export-orientated economy with a highly qualified workforce, Ecuador provides the ideal setting to start a business. It also has over 20 treaties to avoid double taxation.

5 reasons why Ecuador is worth investing in

• Excellent infrastructure
• Strategic location
• Welcomes foreign investment
• Growing talent pool
• Easy business setup

Here are five compelling reasons why Ecuador is an exciting place to do business in 2023.

Excellent infrastructure - Ecuador boasts a comprehensive port system comprising seven state ports and ten private docks. Key ports of significance include Guayaquil Port, Manta Port, Esmeraldas Port, and Bolívar Port. Ecuador is well-connected to neighboring countries through an advanced transportation system and an extensive network of roads, encompassing a total of 43,197 kilometers of highways. Furthermore, airlines such as Tame, LATAM, and Avianca connect Ecuador with other countries.

Strategic location - Located on the Pacific coast of South America, Ecuador enjoys the advantage of direct access to the Pacific Ocean, thanks to its strategic position. Furthermore, Ecuador has one of the world's most productive agricultural areas, benefiting from stable climate conditions and abundant daylight hours.}

Welcomes foreign investment - Both local and foreign investors are guaranteed the same rights under...