FREE TRADE ZONE INVESTOR KIT

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:

1. Application form for Free Trade Zone declaration and Operator User qualification, which must include the following documents:

1. 1. Certificates of compliance issued by the Internal Revenue Service, the Ecuadorian Social Security Institute, and the Superintendence of Banks or the Superintendence of Companies, Securities, and Insurance, as applicable.
   2. Documents required for approval as an Operator of a Free Zone Trade:
   1. 1. By-laws of the company which must indicate that its corporate purpose is the execution of Free Trade Zone activities;
      2. Taxpayer Registration Certificate (RUC);
      3. Appointment Document and ID card of the legal representative.
      4. Notarized Sworn statement declaring that the applicant has not previously been an operator or administrator of a free trade zone whose authorization has been revoked due to a sanctioning procedure. and,
      5. Documents that display the financial capacity of the applicant.

       

2. Master Development Plan Report form, which must include:

1. 1. Technical report on the project location, execution timeline, land plans, project layout and design, identification of sustainable development goals (SDG), environmental study or license, and details of potential users and support services.
   2. Economic report that covers social, economic, and productive indicators, generation of economies of scale, socioeconomic aspects, job creation details, financial projections, economic and financial evaluation, and project’s financial structure and capacity.
   3. Market report regarding expected participation in local and international markets, market strategy, and its relation to potential users, business model, potential competition, and a preliminary list of imports.

3. Annex form to the Master Plan, which must include:

1. 1. Operator´s investment schedule;
   2. SDG compliance schedule; and,
   3. Employment generation schedule.

    

4. Request index referencing the location of each document.

The forms and instructions are available at the following URL.

Fernanda Inga, Senior Associate at CorralRosales
finga@corralrosales.com
+593 2 2544144