Tax: up to 13%
Duties: up to 15%
Restricted items: Goods Manufactured in China
Non-working days: Saturday, Sunday and public holidays
Lead times: 3-4 weeks
Best Carrier option: Courier
Prominent Languages: Spanish & Dialects of Quechua
The Complexities of Importing into Ecuador
As with many South American countries, Ecuador has been considered an untapped goldmine for foreign investment. Regarded by many to be a small but growing economy, the government has made significant efforts to increase overseas investments. One such reform has been to lower taxation, specifically on Tech equipment. While this choice was motivated mainly by keeping Tech equipment and services accessible to its people, it has also encouraged international Tech investment.
Despite this easing of taxation, several other obstacles must be navigated when importing here. As with many countries in the region, Ecuador comes with some safety concerns. For this reason, customs have imposed mandatory insurance for customs clearance. Another hurdle is that goods are usually shipped via the USA. Due to the ongoing US-China trade war, goods manufactured in China may encounter some additional tariffs making cost prediction difficult.
How TecEx Can Help You Import into Ecuador
TecEx has extensive experience navigating the complexities of LATAM shipments. Our considerable service offering includes comprehensive liability cover, not only to fulfill customs requirements but also to ensure your goods are covered for the entire journey. Our accurate cost calculator also allows you to budget accurately, with reliable upfront costing. We offer a complete sleep-easy DDP solution, providing you with peace of mind, even when shipping into complex destinations.
Click here to learn more about what to expect when shipping into South America.
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