Ease of Doing Business in


Ecuador Download Profile (1790.4KB, pdf)
Region Latin America & Caribbean
Income Category Upper middle income
Population 16,144,363
GNI Per Capita (US$) 6,010
City covered Quito



DB 2017 Rank



DB 2017 DTF (% points)

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Topics DB 2017 Rank DB 2016 Rank info_outline Change in Rank DB 2017 DTF (% points) info_outline DB 2016 DTF (% points) info_outline Change in DTF (% points) info_outline
Overall 114 114
57.97 57.49 down
Starting a Business 166 165 down
70.61 68.51 up
Dealing with Construction Permits 76 72 down
71.03 71.03
Getting Electricity 95 99 up
69.13 66.02 up
Registering Property 69 68 down
67.53 67.56 down
Getting Credit 101 97 down
45.00 45.00
Protecting Minority Investors 118 112 down
46.67 46.67
Paying Taxes 137 132 down
59.25 59.52 down
Trading across Borders 97 95 down
68.65 68.65
Enforcing Contracts 96 94 down
56.68 56.68
Resolving Insolvency 157 156 down
25.17 25.28 down

Positive= Doing Business reform making it easier to do business.Negative= Change making it more difficult to do business.

DB 2017 Rank:


DB 2016 Rank:


Change in Rank:


DB 2017 DTF (% points):


DB 2016 DTF (% points):


Change in DTF (% points):


Legal form Compañía Limitada
Paid-in minimum capital requirement USD 0
City Quito
Indicator Ecuador Latin America & Caribbean OECD high income
Procedure – Men (number) info_outline 11 8.3 4.8
Time – Men (days) info_outline 48.5 31.6 8.3
Cost – Men (% of income per capita) info_outline 21 31.5 3.1
Procedure – Women (number) info_outline 11 8.3 4.8
Time – Women (days) info_outline 48.5 31.6 8.3
Cost – Women (% of income per capita) info_outline 21 31.5 3.1
Paid-in min. capital (% of income per capita) info_outline 0 2.3 9.2
  • No. Procedure Time to Complete Associated Costs

    Reservation of the company name at the Superintendent of Companies

    Agency: Superintendence of Companies (National Ecuadorian Office of Companies)

    The reservation of the company name is done online at:  http://www.supercias.gob.ec/portalConstitucionElectronica/  

    The certificate of reservation is valid for 30 days.

    Less than one day (online procedure) no charge

    Hire a lawyer to prepare the minutes of incorporation

    Agency: Lawyer

    The minutes include the constituting contract, the articles of incorporation, the company’s bylaws, and the formation of capital. A lawyer must prepare and sign the minutes for the company’s incorporation. Moreover, a notary public must notarize these documents; the lawyer cannot do so. The cost includes all the operating expenses and legal fees.

    1 day USD 800-1,000

    Notarize the charter of incorporation and bylaws

    Agency: Notary

    The entrepreneurs need to notarize the charter of incorporation and the bylaws with a notary public.

    The notarization cost of the charter of incorporation and bylaws is based on the paid-in minimum capital of the company.

    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

    Register at the Superintendence of Companies

    Agency: Superintendence of Companies.

    The company has to register in the Superintendence of Companies to get its number and pay the annual registration fee (1% of total assets).

    In order to do so, the following documents are required:
    - A form with the address of the new company, the name of the appointed legal representative and the identifications of both the legal representative and the founding partners
    - A certified copy of the public deed of the constitution of the company

    Once this information is presented, within 24 hours the information of the company will be uploaded online and the company would be registered, the number given to the company will appear in the general information of the company on the website. 

    1 day no charge

    Inscribe the company’s charter and resolutions, as well as the name of the company’s legal representatives in the Mercantile Registry Office

    Agency: Mercantile Registry

    After inscribing the charter, resolution, and the name of the legal representatives, the Mercantile Registry office (“Registro Mercantil”) will provide a registration number (“Numero de codigo”) with the date that the company began its legal existence.

    5 days USD 80

    Apply for the Registro Unico de Contribuyentes (RUC)

    Agency: Servicio de Rentas Internas SRI (National Office of Tax)

    The Registro Unico de Contribuyentes (RUC) must be obtained:
    (a) once the constitution procedure is completed; and (b) after the company has appointed its legal representatives and registered those appointments in the Register of Commerce. The application procedure is done at the Servicio de Rentas Internas (SRI) and takes 48 hours after the submission of all required documents (the registered deed, and the registered appointments).

    Because the VAT (Impuesto al Valor Agregado) goes by the same identification number, it does not require a separate registration. The RUC is obtained immediately, but a paper receipt is sent by mail in the following 3 days.

    4 days no charge

    Print invoices and VAT forms at an authorized printing shop

    Agency: Any authorized print shop

    With the RUC, companies must buy invoices from SRI-authorized companies and state monthly VAT declarations on special forms. The cost to print a 100-page book of invoices (one original and two copies) is about USD 40.

    1 day USD 40

    Sign up online for Social Security- Instituto Ecuatoriano de Seguridad Social (IESS) and obtain password to operate the online system

    Agency: Ecuadorian Institute of Social Security IESS

    The company must present a petition for an employer identification number (cédula patronal). This identification number is obligatory for employers for purposes of social security, payments covering health, pension, accident and work-related illness.

    An employer can register with the Social Security online through the webpage of Ecuador’s Social Security Institute. After completing the registration online, the employer needs to obtain a password which will allow the employer to operate the system online.

    The day after registering online, the employer can present the documents/information to the Social Security and obtain the password to operate the online system. The online system will allow the employer to register all employees’ movements (entries of new employees and termination of the employment contract, contributions, etc.).

    2 days no charge

    Inscribe all employee contracts with the Ministry of Labor (Inspectoria de Trabajo)

    Agency: National Technical Secretariat of Human Resources Development and Public Sector

    The department responsible for registering labor contracts is the National Technical Secretariat of Human Resources Development and Public Sector Remuneration SENRES (Secretaría Nacional Técnica de Desarrollo de Recursos Humanos y de Remuneraciones del Sector Público). SENRES is part of the Ministry of Labor.

    2 days no charge

    Receive inspection and operations permit from the municipality

    Agency: Municipality of Quito (Administración Zonal del Municipio de Quito)

    New companies must apply for an operations permit in the municipality of Quito. In approximately 15 days after filing the application, the company will receive the inspection of Fire Department and the Secretary of Environment (Secretaría del Ambiente). Then, in approximately 5 days, these two institutions will give the final report to the Municipality of Quito. If these reports are favorable, the Municipality will issue the operations permit in approximately 10 days.

    29 days no charge

    Obtain “tasa de habilitación” and pay commercial patent at the competent municipality

    Agency: Municipality of Quito (Administración Zonal del Municipio de Quito)

    The Law of Municipal Regime, which regulates the operation of Municipalities in each city, contemplates the possibility of the Municipalities collecting certain fees or “tasas”, as a compensation for a service provided by the municipality.

    One of the provisions of the Law of Municipal Regime is to collect a fee or “tasa” for the “habilitación y control de establecimientos comerciales e industriales” or the “approval of the ability to operate and control commercial and industrial establishments”. Although the tasa de habilitación was phased out on December 31, 2004 for all companies, the payment of the "tasa" is still required in practice for some companies. The fee varies depending on the type of company and the location, and size of the facilities in which the company will operate

    Before any commercial or industrial business starts operating, the Municipality will inspect the building/offices/shop where the business is going to operate to make sure that such place complies with the City’s operation requirements for such business. Once the inspection has been made, and the operation of the business has been approved, the Municipality declares such business as able to operate, and grants the “tasa de habilitacion” as evidence of such ability to operate. The average time to obtain the permit is a month.

    The entrepreneur is also required to pay the Commercial Patent - a tax that every person or company engaged in commercial or industrial activities has to pay to the Municipality of the City where such activities are being executed. The Commercial Patent has to be paid each year. Companies should pay the Commercial Patent Tax within 30 days following the last day of the month when the company started operating.

    1 day USD 50