Most frequent used form of corporations in Ecuador are Limited
Liability Companies (S.A.), and Limited Responsibility Company
(Cia. Ltda). In case of foreign companies they also consider to
establish local branches. Particulars are as follows:
Limited Liability Company: (S.A.)
These companies are incorporated with a minimum of 2
shareholders, and with no limit of shareholders. Minimum subscribed
Capital is USD 800, which has to be paid at incorporation time with
at least the 25% of said capital. Remaining capital must be paid in
no more than 2 years.
Shares are freely transferable by shareholders.
Limited Responsibility Company: (C. Ltda.)
These companies are incorporated with a minimum of 2
shareholders, with a limit of 25 shareholders. Minimum subscribed
Capital is USD 400, which has to be paid at incorporation time with
at least the 50% of said capital. Remaining capital must be paid in
no more than 1 year.
