The Superintendency of Market Power Control (SCPM) published the "Methodology for the identification, review, and elimination of regulatory barriers" on November 5, 2020. It will serve as a guide to remove regulatory barriers to promote the participation of various operators in the market.
Regulatory improvement based on the identification, review, and elimination of market entry barriers
The Superintendency of Market Power Control (SCPM) published the "Methodology for the identification, review, and elimination of regulatory barriers" on November 5, 2020. It will serve as a guide to remove regulatory barriers to promote the participation of various operators in the market.
The economic crisis, worsened by the pandemic, has forced Ecuador to place greater emphasis on its interest in attracting national and foreign investment. Several measures and mechanisms have been designed to achieve this objective.
Regulation NAC-DGERCGC21-00000005 issued on January 21, 2021 by the General Director of the Internal Revenue Service establishes the transitory regime applicable in 2021 for filing information of foreign shareholders.
Three regulations were issued by the Antitrust Authority (“SCPM”) and published in the Supplement of Official Gazette No. 374.
The Ministry of Labor by Ministerial Agreements: MDT-2020-249 of November 30, 2020 and MDT-2020-282 of December 22, 2020, resolved to maintain for 2021, the same values of the unified basic salary (“SBU”) and the minimum wages for economic sectors of the year 2020.