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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that the applicant has not previously been an operator or administrator of a free trade zone whose authorization has been revoked due to a sanctioning procedure.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.

       

1. 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.

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

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

    

1. 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

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:

1. Eligible goods

The list of new or used household articles that are eligible for import under the household effects regime was updated:

 

Household goods Eligible quantity Bedroom set One per household member plus an additional set. Dining set One per household. Living groom set and its accessories One per household member plus an additional backyard furniture set. Kitchen Stove  

 

 

 

 

One per household. The quantity may increase depending on the goods.

 

 

 

 

 

 

  Refrigerator / freezer / wine cooler Microwave Oven or similar Dishwasher Range hood Kitchen Cabinet Grill or similar Water dispenser Water purifying filters Washing machine Clothes dryer Projector Home theater system Speaker or audio system Electric doorbell (intercom)  

 

One per household. The quantity may increase depending on the goods. Baby monitor intercom Home surveillance system Lawn mower or weed trimmer Vacuum cleaner Floor polisher for home usage Garbage disposal unit Audio or video recorder  

 

 

 

 

 

One per household. Video player Video game console Gym machines Bicycle Video recorder Camera Television Landline phone Desktop computer Computer peripheral Printer Fireplace, outdoor heater or heater Air conditioner unit Alcoholic beverages Up to 50 liters in total and 2 liters for each commercial brand. Clothing, footwear, and accessories Up to 200 kilograms for each household member. Vehicle (only for Ecuadorian returning migrants) Its value can’t exceed 80 times the minimum wage (US$36,800) Motorbike (only for Ecuadorian returning migrants) Its value can’t exceed 25 times the minimum wage (US$11,500).

Goods not included in the list will be eligible as long as they are used for personal purposes and not for commercial purposes.

1. Study trip

Ecuadorian citizens who have left the country for educational purposes can only import one motorcycle into the country. These types of migrants are not allowed to import vehicles unless they have resided abroad after ending their studies.

1. Articles restricted under work equipment regime.

The following items are added to the list of articles that are restricted to be imported as work equipment: raw materials, supplies, textiles, footwear, weapons, explosives, flares, fireworks, and any other items subject to Armed Forces regulations.

1. Late arrival

If a household member arrives in the country 6 months after the date of acceptance of the customs import declaration, the customs authority will determine the difference to be paid for foreign trade taxes.

1. Penalties

If the imported goods are not properly identified or do not match with the data registered in the list of goods subject to the exception regime, the returning migrant or foreigner will be subject to the payment of a fine of 50% of the minimum wage (US$ 230,00 for fiscal year 2024), according to the article 193 of the Customs Regulation Law.

The full text is available on the following link:

https://www.aduana.gob.ec/gacnorm/data/2024/08/01/11/SENAE-SENAE-2024-0083-RE.pdf

© CORRALROSALES 2024

NOTE: The above text has been prepared for informational purposes. CorralRosales is not responsible for any loss or damage caused by actions taken or not taken based on the information contained in this document. Any specific situation requires the specific opinion and advice of the firm.

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