The Republic of Ecuador is located in northwestern South America, bordering Colombia, Peru, and the Pacific Ocean. The country's economy is based primarily on exports of oil, bananas, and cacao, as well as other agricultural products. Ecuador provides incentives to promote domestic and foreign investment, with focus given to key sectors such as petrochemical products, renewable energy, pharmaceuticals, and tourism.
The currency is the United Stated Dollar (USD).
|APA||Advance Pricing Agreement|
|CUP||Comparable Uncontrolled Price|
|DTA||Double Tax Agreement|
|IFRS||International Financial Reporting Standards|
|LLC||Limited Liability Company|
|R&D||Research and Development|
|RUC||Registro Unico de Contribuyentes, the National Register of Taxpayers|
|SRI||Internal Revenue Service of Ecuador|
|USD||United States Dollar|
|VAT||Value Added Tax|