In accordance with the provisions of the Violet Economy Law, the deadline for companies to register their Equality Plan with the Ministry of Labor is July 31, 2024.
Companies with 50 or more employees are required to register the Equality Plan, while those with fewer employees may do so on a voluntary basis...Read More
Through Executive Decree No. 256 of May 8, 2024, the President of the Republic ordered the split (division) of the Agency for the Regulation and Control of Energy and Non-Renewable Natural Resources (“ARCERNNR”) into three new agencies, attached to the Ministry of Energy and Mines:
Mining Regulation and Control Agency (“ARCOM”)
Electricity Regulation and Control Agency...Read More
Through Resolution No. SCVS-INPAI-2024-00008987 dated April 26, 2024, the Superintendence of Companies, Securities, and Insurance extended the deadline for submitting the information required under Articles 20 and 23 of the Companies Law until May 31, 2024. For this purpose, companies may upload the corresponding information on the institutional portal without restrictions...Read More
In accordance with the provisions of Article 263, paragraph 8 (limited liability companies), and Article 131 (corporations) of the Companies Law, the legal representatives of companies incorporated in Ecuador are required to submit to the supervisory authority, by February of each year, a list of foreign companies or legal entities that appear as shareholders or...Read More
On December 15, 2023, the Ministry of Labor of Ecuador, through Ministerial Agreement No. MDT-2023-175, set the unified basic salary (SBU) for general workers for the year 2024 at US \$460.00 (four hundred sixty 00/100 United States dollars).
This provision has been in effect since January 1, 2024, and applies to general workers...Read More
