Ecuador

Ease of Doing Business in

Ecuador

This page summarizes Doing Business 2013 data for Ecuador. The first table lists the overall "Ease of Doing Business" rank (out of 185 economies) and the rankings by each topic. It also lists the economy's distance to frontier (DTF)** measure. The rest of the tables summarize the key indicators for each topic and benchmark against regional and high-income economy (OECD) averages.

Economy Overview

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Economy Summary
Starting a Business
Dealing with Construction Permits
Getting Electricity
Registering Property
Getting Credit
Protecting Investors
Paying Taxes
Trading Across Borders
Enforcing Contracts
Resolving Insolvency
Region Latin America & Caribbean
Income Category Upper middle income
Population 14,666,055
GNI Per Capita (US$) 4,140
Doing Business 2013 Rank Doing Business 2012 Rank Change in Rank
139 134 down -5

Doing Business 2013 DTF** (% points) Doing Business 2012 DTF** (% points) Improvement in DTF** (% points)
55.1 55.4 down -0.3
Topic Rankings DB 2013 Rank DB 2012 Rank Change in Rank
Starting a Business 169 165 up -4
Dealing with Construction Permits 104 96 up -8
Getting Electricity 146 137 up -9
Registering Property 101 75 up -26
Getting Credit 83 80 up -3
Protecting Investors 139 136 up -3
Paying Taxes 84 90 up 6
Trading Across Borders 128 126 up -2
Enforcing Contracts 99 99 No change
Resolving Insolvency 137 142 up 5

Economy Profile

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Starting a Business

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The challenges of launching a business are shown below. Included are: the number of steps entrepreneurs can expect to go through to launch, the time it takes on average, and the cost and minimum capital required as a percentage of gross national income (GNI) per capita.

DB 2013 Rank 169 DB 2012 Rank 165 Change in Rank down-4
DB 2013 DTF** (% points) 63.2 DB 2012 DTF** (% points) 63.4 Improvement in DTF** (% points) down-0.2
Indicator Ecuador Latin America & Caribbean OECD

The total number of procedures required to register a firm. A procedure is defined as any interaction of the company founders with external parties (for example, government agencies, lawyers, auditors or notaries).

View methodology Procedures (number)
13 9 5

The total number of days required to register a firm. The measure captures the median duration that incorporation lawyers indicate is necessary to complete a procedure with minimum follow-up with government agencies and no extra payments.

View methodology Time (days)
56 53 12

Cost is recorded as a percentage of the economy’s income per capita. It includes all official fees and fees for legal or professional services if such services are required by law.

View methodology Cost (% of income per capita)
29.9 33.7 4.5

The amount that the entrepreneur needs to deposit in a bank or with a notary before registration and up to 3 months following incorporation and is recorded as a percentage of the economy’s income per capita.

View methodology Paid-in Min. Capital (% of income per capita)
4.5 3.7 13.3
No. Procedure Time to Complete Associated Costs
1 Reservation of the company name at the Superintendent of Companies 1 day no charge
2 Hire a lawyer to prepare the minutes of incorporation 1 day USD 800-1000
3 Deposit 50% of paid-in capital in a special account of “completion of capital” (Integración de Capital ) in the name of the company being formed 1 day no charge
4 Notarize the charter of incorporation and bylaws 2 days USD 245 for the first USD 25,000 of the start up capital + 0.2% of capital for notary fees for the rest of the start up capital
5 The lawyer presents the documents (attached with three certified copies of charter and bylaws) to the Superintendent of Companies for the approval of the constitution of the company 5 days no charge
6 Publish an abstract of the charter in a daily newspaper that circulates in the area in which the company operates 2 days USD 75
7 The general stockholder's meeting inscribes the charter and resolutions in the Mercantile Registry; register the names of the legal representatives in the Mercantile Registry 5 days USD 80
8 Apply for the Registro Unico de Contribuyentes (RUC) 4 days USD 5 per form
9 Print invoices and VAT forms at an authorized printing shop 1 day USD 40
10 Sign up online for Instituto Ecuatoriano de Seguridad Social (IESS, social security institute) and obtain password to operate the online system 2 days no charge
11 Inscribe all employee contracts with the Ministry of Labor (Inspectoria de Trabajo) 2 days no charge
12 Receive inspection and operations permit from the municipality 29 days no charge
13 Obtain “tasa de habilitacion” and pay commercial patent at the competent municipality 1 day USD 50

** The distance to frontier (DTF) measure shows the distance of each economy to the "frontier," which represents the highest performance observed on each of the indicators across all economies included in Doing Business since each indicator was included in Doing Business. An economy’s distance to frontier is indicated on a scale from 0 to 100, where 0 represents the lowest performance and 100 the frontier. Read more...

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