Adoption of new regulations to promote investment

On 10 January 2019 the President announced new regulations clarifying the application of the Productive Development Law (LFP), originally enacted in August 2018 to encourage investment and generate employment. The new regulations, which target sectors such as export-oriented businesses, manufacturing and tourism, are an attempt to ease Ecuador's dependence on public investment and further facilitate private sector investment. In addition to clarifying existing laws, the new regulations simplify environmental regulations and provide additional tax incentives. They also include new processes intended to eliminate delays in the issuance of mining licences, streamline customs procedures and guarantee exporter liquidity.

• Type:

  • Promotion and facilitation (Investment facilitation , Investment incentives)

• Industry:

  • Not industry specific

• Sources:

  • EIU, Moreno introduces new regulations to promote investment, http://viewswire.eiu.com/index.asp?layout=VWPrintVW3&article_id=1437549327&printer=printer, 16 Jan 2019