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Ecuador Political News

INSIGHT: Ecuador—Taxation and Other Considerations for Investors- Bloomberg

Ecuador has been officially dollarized since 2000, and the monetary stability and certainty created by the U.S. dollar has increased interest on the part of foreign investors during the past two decades. Although the Ecuadorian economy has suffered a significant hit because of the Covid-19 pandemic, there are many other considerations that make Ecuador a viable and attractive market for international investors.

The 2020 national budget included the projection of income of $2 billion arising from the sale and/or granting of concessions for state assets. In the private sector, many family-owned enterprises are also considering opening their capital to new investors due to the need for fresh resources and/or due to the desire to diversify risks.

To read the full article on Bloomberg, click here.

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