- Global PEO and payroll
- Global HR Compliance
- Expand without a company set up
- Contractor vs. employee: which is better?
Global Employer of Record in Ecuador
Global employment services
Businesses in the process of expanding globally often face challenges when it comes to compliantly onboarding employees in foreign countries. In most cases, legal compliance requires the establishment of a legal in-country business entity, a complex, costly and time-consuming process that many employers are not ready to undertake.
To help your organization legally onboard and payroll a workforce in Ecuador, Acumen International offers a global employment solution via our Global Employer of Record (EOR) designed to help you circumvent the legalities of direct hiring, eliminating the need for you to establish a legal entity in Ecuador in order to conduct business there.
Spotlight on Ecuador:
The Republic of Ecuador is divided into 24 provinces, with Quito as its capital. The official language of Ecuador is Spanish. In March 2000, Congress approved a series of structural reforms that provided for the adoption of the United States dollar (USD) as legal currency. Dollarization stabilized the economy, and positive growth occurred in the following years mainly because of high oil prices and increased non-traditional exports.
- Capital: Quito.
- Population: 18,019,649.
- Local currency: United Sates Dollar.
- Industries: For a long time, the economy depended largely on primary industries such as agriculture, petroleum, forestry, and aquaculture. However, shifts in global market trends and development of technology have led to the development of other sectors such as textile, processed food, metallurgy and the service sectors.
Employ your Selected Workforce in Ecuador via Acumen’s Employer of Record (EOR) Solution
As an Employer of Record services provider, Acumen International helps businesses to legally engage and pay their selected highly skilled professionals in Ecuador. Businesses desiring to hire local employees should be prepared to pay competitive salaries, to attract and retain the most qualified candidates.
As a global employment organization, Acumen International serves both end employers and service companies representing international clients.
Acumen’s Global employment services are designed to provide our clients with professional assistance to meet their global HR needs, such as:
- Global talent acquisition and retention
- Global expansion, to help you quickly enter new global markets without legal and HR compliance risks
- Local support for international clients and their expat employees
Acumen’s Employer of Record (EOR) service in Ecuador offers an efficient and inexpensive alternative to direct hiring. Our solution gives companies the opportunity to operate in Ecuador, and in 190 international markets where we serve our clients, without registering as a local business entity.
Acumen International offers a global PEO and payroll solution to take care of all the details of payroll while ensuring full compliance with in-country labor and taxation laws. To get more information about Acumen’s Global PEO and payroll service in Ecuador click here.
Legally Onboard and Payroll your Employees in Ecuador with Acumen’s Global Employment Solution
It is an offense for a person who requires but does not have a valid work permit to engage in any occupation or be employed in Ecuador. It is also an offense to employ a person who requires but does not have a valid work permit. Offenders may be liable upon conviction to a fine not exceeding $500.000 and/or imprisonment for a term not exceeding six months.
Misclassification between independent contractors and employees can lead to non-compliance with tax and labor laws, which can have serious implications. Penalties may be levied for failing to withhold and pay over payroll taxes, including failure to make matching contributions payments. Further, if Tax Administration Ecuador, TAJ, believes you have intentionally misclassified workers as a means of evading taxes, there is also the possibility of criminal and civil penalties and sanctions.
Reduce your risks while expanding your business, without establishing your own legal entity in Ecuador. Leave it to Acumen to hire and compensate your employees on your behalf, so you can focus on growing your business.
You can trust Acumen to handle the global employment and HR details of your workforce management in Ecuador, to ensure full compliance with in-country employment laws.
Acumen’s EOR global employment solution helps businesses to overcome legal challenges by hiring and compensating your local and expat workforce in Ecuador on your behalf, in a risk-free and cost-effective manner.
If you are looking to reinforce your internal team with the expertise of local talent, or if you have already selected a local candidate to work for you remotely and in full legal compliance in Ecuador, our global EOR solution is the ideal choice for you.
In addition to legally onboarding local citizens, we are able to organize work permits and business visa sponsorship for your expatriate team via our Employer of Record, and employ them on your behalf, once legal permissions have been attained.
Partner with Acumen International, and let us help you handle your global employment and HR needs. With Acumen, you can rest assured that all legal requirements are met for compliant hiring and compensating of your local and expatriate employees in Ecuador, and in 190 countries worldwide where we serve our international clients.