| LLC | PLC | Branch Office | Rep Office | |
|---|---|---|---|---|
| Local Name | SRL | SA | Sucursal | Oficina de representación |
| Company Setup Time | 15 days | 15 days | 20 days | 20 days |
| Bank Account Opening | 15 days | 15 days | 15 days | 15 days |
| Government Grants Available | Yes | Yes | No | No |
| Government Contracts Bidding | Yes | Yes | No | No |
| Legal Liability | Yes | Yes | No | No |
| Client Required to Travel | No | No | No | No |
| Inquiry | Inquiry | Inquiry | Inquiry |
Corporate Structure Explained
The Ecuador Limited Liability Company
- The registration of an Ecuador LLC has a requirement of one director and three shareholders, who can be national or international citizens. A sum of at least USD 400 shall be deposited by the shareholders before the registration process of the company.
- An auditor shall be appointed by all LLCs who hold total assets worth USD 1 million. Similarly, it is required to submit yearly audited financial reports with the officials.
The Ecuador Corporation
- For raising capital from the general public , our customers may opt for this business vehicle available in Ecuador. For the registration of this entity, a minimum of one director and two shareholders is needed. These directors and shareholders can be national or international citizens.
- A minimum initial capital of USD 800 is needed to establish this corporation.
Ecuador Branch Office
- Our clients may establish a branch office in Ecuador for operating their activities in its local market. To start this business option, the international company shall;
- Submit at least a share capital of USD 2,000, and
- appoint a representative or agent in Ecuador who shall be a resident individual.
- An Ecuador branch can do business activities following the scope specified by the holding company. Anyhow, it may invoice local clients, sign local sale contracts and can generate income from its clients.