HURTADO & ASOCIADOS, its lawyers in Ecuador, we inform that, now, the ORGANIC LAW OF HUMAN MOBILITY, incorporates a new kind of visa for investors, who may be granted a temporary residence of exception, which will not be subject to the condition of maximum periods of stay outside Ecuador and allow its holder multiple admissions to the country. This type of visa may be renewed as many times as required by the petitioner, provided that it does not incur any of the prohibitions established by this Law to obtain this type of visa.

For more information about requirements and processes, contact us.

The Internal Revenue Service of Ecuador, will return the Value Added Tax paid by Tourists

Technicians of the Ministry of Tourism, the Internal Revenue Service -SRI-, the Ministry of Industries and Productivity and the Ecuadorian Customs Corporation, move forward in the implementation of the operating process, to start in Ecuador with the refund of the Value Added Tax (VAT) ), paid by foreign tourists who during their stay in the country have hired tourist accommodation services and / or acquired goods produced at the national level, and take them with them upon their return.

Within this process, the Department of Regulation and Control of the Ministry of Tourism will deliver to the SRI, in the coming days, the Cadastre of Tourist Establishments for the registration of the same in this project. At the moment the team is defining the need to create a Tourist Service Point to meet the return.

This new incentive, promoted by the Government of the Citizen Revolution to support the development of tourism activity in Ecuador, is contained in Decree No. 374 of May 28, 2010, which promulgates the Regulation for the Application of the Law of Internal Tax Regime.

The aforementioned regulation establishes, in Chapter V, article 182 on the Return of Value Added Tax, that “foreign tourists who, in accordance with the provisions of the Tourism Law, during their stay in Ecuador have hired accommodation services tourist and / or acquired goods produced in the country and take them with them when leaving the country, will be entitled to the refund of VAT paid for these acquisitions, provided that each invoice has a value of not less than fifty United States dollars. America US $ 50.00. ”

For which, as provided in its second subparagraph, the “Revenue Service, by resolution, will define the requirements and procedures to apply this benefit, and establish the parameters for the deduction of the amounts corresponding to the administrative expenses demanded by the process of the return of VAT to foreign tourists “.

My connection with the companies generated by the provision of my legal services allowed me to obtain knowledge in the administrative, commercial and investments. I started contributing with my own criteria, for the internal discussions of the companies, and they were valuable and more and more companies consulted me, not only for the subjects of law, but other areas of the companies such as marketing, sales, administration.

We realized that, with enough preparation, we could be a contribution, not only in the legal area, but in others, too.

In my particular case, after several years of being a legal advisor to companies, accept the challenge of participating in the Board meetings of these as a legal advisor, and, later, as a member of the board.

The perspective of a member of the Board is different from that of any other person in the management of the company. It is more focused on results, more aligned with investors, and, therefore, with a tougher line against the Manager. That vision becomes a point of pressure for the administration in terms of correcting or changing a wrong or inconvenient perception. So. The external consultant’s vision is an opinion, while the opinion of the directors is a requirement.

These experiences led me to seek to prepare myself more from the commercial and administrative point of view. Obtained Certificates:

Management Workshop by Management Indicators.
International Seminar on Productivity and Human Behavior
International Certification How to achieve Executive and Financial Freedom.
International Seminar How to achieve Teams that Obtain Results and how to develop People’s Potential.