The Republic of Ecuador, is a Latin American country and associated member of the MERCOSUR. Located in the northwestern part of South America, bordered by Colombia and Peru by land and Costa Rica by sea. Its territory is split by a volcanic section of the Andes mountain range. To the east lies the leafy Amazon Rain-forest. To the west, the Gulf of Guayaquil, bathed by the Pacific Ocean, and overlooking the incredible natural landscapes of the Galapagos Islands. Colonial old towns, multiculturalism, volcanoes and an exciting flora and fauna. Ecuador is the most bio-diverse country in the world.
It has over 16,200,000 inhabitants. Its capital is Quito, although its most populated city is Guayaquil. Despite being a Spanish-speaking country, there are more than 13 recognized indigenous languages. Ecuador’s economy is officially dollarized. The US$ is the only legal tender currency since 2001.
Its economy is based on exports, mainly oil, but also bananas, processed fish and gold, and heavily dependent on commodities price fluctuation. Ecuador has also a growing tourism sector. Other relevant industries include manufactured and raw materials textile production, mining and chemicals. The country has a mild climate and varied geography, with an abundant fertile land and several investment opportunities in the agricultural sector.
Ecuador has one of the most liberal immigration policy worldwide, with hardly any restrictions to settle there. At Flag Theory, we are always seeking internationalization opportunities in strategic locations to increase freedom, privacy and wealth. Below, you will find articles on why and how to immigrate to Ecuador, get residency and eventually citizenship, set up a company, do business, investment and banking options in this Latin American country.