Autor: jholguin@bustamantefabara.com
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SRI Establishes Procedure for Declaring the Advance Payment Obligation on Undistributed Profits
SRI Establishes Procedure for Declaring the Advance Payment Obligation on Undistributed Profits Fifth Supplement to Official Gazette No. 326 | July 15, 2026 The Ecuadorian Internal Revenue Service (SRI) issued Resolution No. NAC-DGERCGC26-00000026, establishing the procedure for the declaration and payment of the advance payment on undistributed profits, an obligation introduced by the Organic Law…
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New SPDP Opinions on the Appointment of Data Protection Officers for Public Service Providers and Data Processing Arrangements with Processors Located Abroad
New SPDP Opinions on the Appointment of Data Protection Officers for Public Service Providers and Data Processing Arrangements with Processors Located Abroad Key Highlights The Superintendency of Personal Data Protection («SPDP») has issued two new opinions in response to consultations regarding the application of the Organic Law on Personal Data Protection («LOPDP») and the secondary…
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ARCOM Updates the Regime for the Mining Supervision and Control Fee
ARCOM Updates the Regime for the Mining Supervision and Control Fee Through Resolution No. ARCOM-006/26, the Mining Regulation and Control Agency (“ARCOM”) amended Resolution No. ARCOM-003/25, introducing modifications to the regime for the Mining Supervision and Control Fee (“Fee”). The reform redefines how the fee is determined and collected, and incorporates a new calculation scheme…
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5 Structures for Channeling Foreign Investment into Ecuadorian Companies
5 Structures for Channeling Foreign Investment into Ecuadorian Companies Foreign investment can enter Ecuador through different structures, each with significant corporate, tax, regulatory and control implications. In this article, María Fernanda Palacios analyses five key alternatives for structuring these transactions and the factors that should be assessed before receiving capital. Download the full document to…
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BUSTAMANTE FABARA advises Grupo Nutresa on acquisition of 100% of La Universal
BUSTAMANTE FABARA advises Grupo Nutresa on agreement to acquire 100% of La Universal Quito, Ecuador – June 23, 2026 – BUSTAMANTE FABARA is pleased to announce its role as Ecuadorian legal counsel to Grupo Nutresa S.A. in connection with the signing of an agreement to acquire 100% of the shares of Universal Sweet Industries S.A.,…
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Constitutional Court Declares Deferred Unconstitutionality of Executive Decree 604
Constitutional Court Declares Deferred Unconstitutionality of Executive Decree 604 The Constitutional Court of Ecuador (the “Court”) declared Executive Decree No. 604 unconstitutional on procedural grounds. The Decree contained the “Guidelines for the Application of Prior Legislative Consultation in the Issuance of Executive Branch Regulations” (the “Executive Decree”). The Court concluded that the Executive Decree regulated…
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Ministry of Production Updates the List of Tariff Subheadings Eligible for Reduced ISD Rates in 2026 (Ministerial Agreement No. MPCEI-MPCEI-2026-0035-A)
Ministry of Production Updates the List of Tariff Subheadings Eligible for Reduced ISD Rates in 2026 (Ministerial Agreement No. MPCEI-MPCEI-2026-0035-A) Official Gazette No. 308 | June 18, 2026 On May 31, 2026, the Ministry of Production, Foreign Trade and Investments issued Ministerial Agreement No. MPCEI-MPCEI-2026-0035-A, updating the list of tariff subheadings eligible for a reduced…
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Provincial Court of Justice of Pichincha Orders IESS to Pay 14-Week Maternity Benefit Based on More Favorable International Standards
Provincial Court of Justice of Pichincha Orders IESS to Pay 14-Week Maternity Benefit Based on More Favorable International Standards (Judgment dated June 11, 2026 – Case No. 17297-2024-02086) The Criminal Chamber of the Provincial Court of Justice of Pichincha, through its judgment of June 11, 2026, ruled on a constitutional protection action filed against the…
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BUSTAMANTE FABARA advises family ownership group of Productos Minerva in transaction to consolidate full ownership of the company
BUSTAMANTE FABARA advises family ownership group of Productos Minerva in transaction to consolidate full ownership of the company Quito, Ecuador – June 10, 2026 – BUSTAMANTE FABARA is pleased to announce its role as legal counsel to one of the family ownership groups of Productos Minerva, a well-known Ecuadorian coffee company, in connection with a…
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BUSTAMANTE FABARA Announces the Promotion of Sofía Gordillo to Director
BUSTAMANTE FABARA Announces the Promotion of Sofía Gordillo to Director BUSTAMANTE FABARA is pleased to announce the promotion of Sofía Gordillo to Director. This appointment recognizes her solid professional trajectory, her technical expertise and the consistent contribution she has made to the Firm and to the service provided to its clients. This promotion reflects the…