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Is Ecuador a good place to start a business?

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During 2015, the economy of Ecuador was hit hard by the drop in oil price and limited growth. The decrease in the oil prices has influenced the currency movement and put pressure on wages and domestic demands. In last year, the GDP of Ecuador barely grew at a rate of just 0.3%. read more

Everywhere is a good place to start a business. Some places are better for certain kind of business than others but everywhere is ok. I have seen prosperous business in the oddest places on earth. read more

Depending on your type of business, taking on an Ecuadorian partner might make sense. In our first year of operation, we got along pretty well with my capable Spanish. I made a few sales to Ecuadorians, but focused mostly on the expat market. The business really started taking off, however, when I decided to partner with an Ecuadorian. read more

“My best advice for anyone going into the import-export business in Ecuador is to start small. Focus on a few specific products of really good quality. Avoid commodity items. read more

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