The Ministry of Production, Foreign Trade, Investment, and Fisheries has published the Free Trade Zone Investor Kit, which contains the instructions for requesting approval for Free Trade Zone projects and Operator´s qualifications. Below is a list of the documents that must be submitted in both physical and digital formats.
On October 5, 2024, the Ministry of Energy and Mines, by means of Official Communication No. MEM-SDCEE-2024-0710-OF, ordered the reduction of energy intake for the industrial sector; hereinafter the “Disposition”. In this regard we mention.
On September 30, 2024, the President of the Republic submitted the " Law to Promote Private Initiative in the Renewable Energy Transition" bill (the "Bill") to the Legislature. It is classified as urgent in economic matters and must be processed within 30 calendar days.
By means of Executive Decree No. 411, issued on October 3, 2024, and published in the Fourth Supplement of Official Gazette No. 658 on October 4, 2024, the President of the Republic reformed -for the purposes of VAT- the definition of "electric energy," including the import and local sale of electric generators in all their forms and ranges, as well as their parts and components. As a result, the import and sale of electric generators will be subject to a 0% VAT rate.
On September 25, 2024, the Electricity Regulation and Control Agency (“ARCONEL”) issued Regulation No. ARCONEL-005/24 (the “Regulation”), which establishes the new regulatory framework applicable to distributed generation systems for self-sufficiency (“SGDA”). The Regulation came into effect immediately upon issuance.
Through Resolution No. NAC-DGERCGC24-00000033, the Internal Revenue Service established the conditions for submitting the Beneficial Owners and Corporate Structure Report (REBEFICS). This report replaces the Shareholders Annex (APS Annex).
The Ministry of Labor and the Ministry of Public Health issued the Interministerial Agreement No. MDT-MSP-2024-002, on September 12, 2024, which regulates the implementation, adequacy, and use of breastfeeding support rooms in workplaces.
On September 8, 2024, the Electricity Regulation and Control Agency issued Regulation No. ARCONEL-003/24 titled “Technical-Commercial Operation of Emergency Generating Sets under Conditions of Generation Deficit and Electricity Rationing in the National Interconnected System (S.N.I)”.
Resolution No. SENAE-SENAE-2024-0083-RE issued by the Customs Authority (SENAE) on July 31, 2024, amended the regulations for the import of goods under the exception regime for household goods and work equipment. The most important points include...
Resolution No. SPDP-SPDP-2024-0002-R, published in the Official Gazette No. 640 on September 10, 2024, the Data Protection Authority issued the “Mandatory Technical Guide for the Registration of the Attorney-in-fact designated by Controllers, whether acting individually or jointly, and Processors that engage in Data Processing Activities in the Republic of Ecuador”.
Resolution No. JPRM-2024-018-M, issued on September 4, 2024, by the Monetary Policy and Regulation Board, enacted the “Regulation governing payment methods, systems and fintech activities in Ecuador.”
Through Press Bulletin No. 70 dated September 2, 2024, the Ecuadorian government, through the Ministry of Energy and Mines and the Ecuadorian Electricity Corporation, announced an international public tender for the development of several projects involving the construction of civil works, supply of materials, equipment, electromechanical assembly, testing, and commissioning of the 500-kilovolt (kV) Electric Interconnection System between Peru and Ecuador.