When you want to start your own business here is a great option that you probably didn´t know, and will help to keep your costs very low at the begining.
It is a voluntary Involvement regime. It replaces the VAT and income tax payments through monthly payments whose goal is to improve the tax culture in the country.
The RISE offers the following benefits:
You don’t need to do the tax declarations, so you will not spend money on buying forms, or hiring third parties to do them for you.
Income and Vat taxes will not be withheld from your invoice.
Give sales with only the date and sales amount filled in.
You will not be obligated to do accounting
For every additional worker added to your payroll and registered to the IESS SYSTEM, you will be able to ask for a 5% discount on you monthly payment until reaching a maximum amount of 50 % discount.
For us at EcuaAssist is essential to keep our clients updated.
If you're thinking about moving to this wonderful country and start on the right foot contact us and you won’t have to worry about the red tape, we will handle the paperwork for you, you will speak to one of our experts and get answers to all your questions about Ecuador.
At EcuaAsstist, we have all been expats in some point of our lives and we perfectly understand the thousands of questions that you may have. The best way to contact us is through email at email@example.com.