Ecuador is in the middle of the world. Which opens the doors to commercialism and foreign exchange. Ecuador the smallest country in the rugged Andean Highlands. A small country with big investment potential. Ecuador’s strategic location has brought many investors to the country. It is the world largest banana producer, and a main flower exporter (Roses). Tourism is the country’s fourth largest income earner. Oil is the number one revenue generating industry, and the U S Dollar is the official currency.
With the well developed tourist infrastructures, the investor may consider investing in Ecuador. The major cities offer all types of services. Quito, the capital is considered the political heart of the nation. Guayaquil, is the country’s economic pulse. Manta is a major port city and tourist destination. Cuenca is the cultural center. Near Manta we have the Manabi Free Trade Zone. ZOFRAMA. This Zone was created to work for the development of Ecuador. This allows for motivating investment in Ecuador. The companies that settle in the Free Trade Zone will enjoy the following benefits. Total exoneration from taxes, right and tariff mortgages, exoneration of the rent tax and IVA for every act and contract accomplished inside the free trade zones. Patent tax and taxes involving production, use of patent, and trade marks, and technology transference. Companies enjoy a 20 year period of Exoneration, which can be extended.
Advantages of Ecuador: Location, The Port of Manta is located 25 miles from the International Marine Trade Routes and 24 Navigational Hours from the Panama Canal which transforms into an Access Gate to Commerce coming from Asia.
Ecuador moved from 10th place in 2006 Top Retirement Havens, to 2nd Place in 2007. Real Estate Prices have appreciated steadily over the past few years, and this trend is expected to continue. Great Location, and Great Prices! One listing featured 3400 Sq. Ft. fully furnished home in Olon. (located 3 KLM from Montanita) Ecuador’s surfing capital & most traveled Beaches. Priced at Only $178,000. and get this it is Beach front! The monthly fees for the guardian/gardener is $40.00 per month.
Yes! I would say there are reasons to look at Ecuador’s investment opportunity.
