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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
GP General Partnership
IFRS International Financial Reporting Standards
LLC Limited Liability Company
LP Limited Partnership
PE Permanent Establishment
R&D Research and Development
RUC Registro Unico de Contribuyentes, the National Register of Taxpayers
SRI Internal Revenue Service of Ecuador
TP Transfer Pricing
USD United States Dollar
VAT Value Added Tax
WHT Withholding Tax