Procedures and Requirements to import into Ecuador

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Importing products is a strong job that serves as a link in the economic development of a business and a country. It is an excellent option when there is no article in the national market, when it is found to be of better quality in another country or when it is a product of its own or exclusive to some region of the world.

If you are interested in expanding your business, in this article you will find all the requirements to import to Ecuador, as well as other important information for your development in the area, so pay attention to the following information.

Requirements to import

In the following list we mention all the procedures you must get before importing, in addition to that, the pages you can access to register.

  • Obtain the Single Taxpayer Registry (RUC) issued by the Internal Revenue Service (SRI).
  • Your tax situation must be up to date
  • Have the Advanced Electronic Signature.
  • Have the services of a customs agent or customs representative.
  • Register in the registry of importers.
  • Carry out the order assigned to the customs agent.
  • Comply with the payment of the applicable contributions and benefits, as well as the expenses of storage, loading, unloading, transportation of the merchandise.
  • Comply with the regulations and non-tariff restrictions that the merchandise is subject to (notices, official Mexican regulations, permits, etc.)
  • You must have the digital Certificate for the electronic signature and Authentication granted by the central bank of Ecuador and Security Data.
  • Register in the Portal ECUAPASS.
  • Obtain the RUC.

Through a Customs Agent, the merchandise clearance procedures will be carried out, who will advise the importer which merchandise whether or not I can import, as well as the respective requirements that the product must meet according to the requirements established by law.

Steps to import to Ecuador

To guarantee the successful sale of what you want to import, we will give you a few steps to follow, in this way you will reduce the problems that may arise since you prepared yourself in such a way that you ensured the order and the smooth running of the business.

  1. First do a market study. You must investigate if the product you want to take is negotiable in that country. Take into account the legality of your product in that country and how much competition you have. If you have the possibilities go to an authorized market research agency They will guide you and make sure to consider all the variables.
  2. Assess what the risks may be, since an investment of this magnitude can cause you a very large loss.
  3. Forecast based on your financial situation, You must have the necessary capital to pay the expenses corresponding to the acquisition, transportation and taxes of the product.
  4. The agreements between companies are quite delicate. Therefore we advise you in this step that Research the companies you want to do business with.
  5. Request your registration andn the ECUAPASS portal.
  6. Obtain the digital certificate for the electronic signature and Authentication granted by the central bank of Ecuador and Security Data.
  7. Enroll in the Unique Taxpayer Registry(RUC).
  8. Register the signature for the Andean declaration of value(DAV).
  9. You should get a customs broker which is the one in charge of all the import procedures.
  10. Submit the requested documents. You must have a valid Advanced Electronic Signature and provide proof of compliance with tax obligations.
  11. Acquire your tax residence must be located or in the process of verification, which is demonstrated by presenting a receipt.
  12. Determine if your import is in specific sectors. You must take into account which sector affects your product, if that of health, machinery, electronic devices, etc.
  13. Use an automated inventory control system. Keep the updated record of the control data of imported goods.
  14. Get all the documentation, information and other forms to check the country of origin of what is imported.
  15. Notify which will be your customs agent.
  16. Make a document that indicates information related to the value, commercialization, shipping line, tariff regulations and origin of the articles.

What is an import?

Importing is the purchase of goods and services that come from foreign companies. It can be any product or service received within the border of a State for commercial purposes. This allows us to acquire products that are found abroad, that are of better quality or cheaper.

So what is import? is to transport goods and services from abroad, which are acquired by a country to distribute them within it.

Types of import

There are six types of imports:

  • Ordinary: Corresponds to the introduction of merchandise within a country but paying customs taxes which frees it. This import can be maintained indefinitely, as long as it complies with customs laws.
  • Franchise: Imports of goods or services that, because they are subject to certain treaties between countries or various laws, may or may not be exempt from customs duties, being subject to restriction at all times.
  • Postal: It refers to mailings.
  • Passengers: It is any unrestricted merchandise or object that a traveler transfers from one country to another.
  • By Guarantee: It is of free circulation and is carried out in the absence of customs duties. It is part of returns for supplier guarantees, to be replaced, repaired or returned.
  • Assembly: It has to do with the production processes that are carried out in different countries. They are therefore merchandise that will be subjected to manufacturing or industrial transformation or assembly procedures.

Products to import

The main import products in Ecuador are:

  • Organic Chemicals, Medicines.
  • Electrical machines, Plastics and their manufactures, Machinery and equipment.
  • Makeup.
  • Editorial products for the press and printing industry.
  • All kinds of liquors.
  • Wood or metal furniture.
  • Toys.
  • Candies.
  • Kitchen items.
  • Clothes and shoes.
  • Petroleum oil.
  • CKD of cars (tires, engines, gearboxes, transmissions, etc).

Restrictions to import

Each country of destination has its own restrictions on the objects that can enter its territory, so we suggest carefully advising on the regulations of the destination country before including objects that could cause shipments to be returned. Examples of them are:

  • Narcotic drugs and psychotropic substances.
  • Explosive, flammable or other dangerous materials, as well as radioactive materials.
  • Obscene or immoral objects.
  • Objects that, by their nature or their packaging, may present a danger to employees, stain or damage other shipments or postal equipment.
  • Firearms.
  • Lithium batteries.
  • Items that require a cold chain for their mobilization (medicines, perishable food)
  • It is prohibited to include coins, banknotes, paper money or any other bearer values, traveler’s checks, platinum, gold or silver, manufactured or not, rhinestones, jewelery and other objects.
  • Only one new cell phone a year can enter the country.
  • Those packages that exceed 4kg will be restricted. or whose content has a value greater than 400 dollars or is considered as a commercial purpose.
  • The entry of used cars in general is prohibited in Ecuador.

However, a clarification has recently been published detailing the possibility of import a vehicle within the household of those Ecuadorians who have been working abroad and return to their country.

  1. The vehicle may be new or used as long as its year of manufacture corresponds to the last four (4) years including the same year of importation.
  2. A vehicle of up to $ 20,000 US dollars may be considered as part of the household goods, which must be shipped together with the other household goods.
  3. In the event that the imported vehicle, as part of the household goods, exceeds $ 20,000 US dollars or does not meet any other requirement mentioned; You will not have the right to a total or partial tax exemption. To nationalize this asset, all taxes must be paid and all the formalities corresponding to a common import must be fulfilled.
All imports must be declared. Smuggling is punishable by two to five years in prison and the payment of three times the value of the merchandise, according to the Production Code.

Cost of importing to Ecuador

When importing you must take into account what we will indicate below:

  1. The price of the product at origin.
  2. Transportation and insurance costs.
  3. Customs duties and taxes.
  4. The costs at destination.

These values ​​will vary according to the destination they have.

It is important to know what taxes you will have to pay to customs. This is done through the tariffs that will be presented to you, therefore we will now talk about the types of Tariffs.

Ad valorem: Represents a fixed percentage of the value of a product, according to the customs value, which can be imported or exported.

Specific: It is imposed in terms of specific monetary charges or charges (in dollars) per physical unit of product, it is applied from a quantitative perspective and, regularly, to imports.

Mixed: Both tariffs (ad valorem and specific) apply, that is, a certain amount will be charged per unit in addition to a fixed percentage for the value of each product.

Compound: This neutralizes the cost disadvantage of national manufacturers that results from a tariff protection granted to national suppliers of raw materials, and the portion ad valorem of the tax grants protection to the finished products industry.

That said, we present what will be charged for importation to Ecuador:

D-VALOREM (Tariff Charged on Goods) They are those established by the competent authority, consisting of percentages according to the type of merchandise and applied to the sum of the Cost, Insurance and Freight (import tax base).

FODINFA (Children’s Development Fund) 0.5% is applied on the taxable base of the import.

ICE (Tax on Special Consumption) Variable percentage according to the goods and services that are imported.

VAT (Value Added Tax) Corresponds to 12% on: Tax base + ADVALOREM + FODINFA + ICE.

To find out specifically how much it will cost to import your product to Ecuador, click on Ecuador tariffs, enter the product and you will have the price of each transaction.

Who pays fees?

Resident and non-resident individuals and companies that carry out import activities to Ecuador of goods subject to the payment of customs duties through the customs of the Republic.

How long does an import to Ecuador take?

If we want to know how long it will take, we must first know from which country it is being imported. To calculate the days, let’s take into account what is presented below:

  1. Order preparation time. Generally the seller has a time that can vary from 3 to 7 days to prepare the product that you ordered before delivering it to their parcel service.
  2. Transportation in the country of origin.

    Sometimes the merchandise has to go a long way to reach the city from where it will be imported. So if your destination is Ecuador and you are in China, it will be a few days.

  3. Holidays and non-business days.

    All countries have their weekends, holidays, national days and bridges in which no one or few people work, the seller, the mail, transportation and parcel services are no exception.

  4. Customs of the country of origin.

    Here they have to check that nothing that is considered illegal or dangerous comes out, to make sure of that, your package must go through a review process until someone verifies that everything is in excellent condition.

  5. Transfer from the point of origin to your country.

    At this point the merchandise will already be shipped. Depending on the air parcel company that brings your order, you will most likely have to make stopovers and it may take 2 to 3 weeks to arrive in Ecuador.

  6. Customs in your country.

    Finally, you should know that because it is an international purchase, an import, it necessarily has to go through customs so that they can carry out an exhaustive review there.

Now you know that there is no defined rule to know how long you will receive your order. Your purchase may arrive close to the date the website predicted or later.

Benefits of importing

  1. Because some products are expensive to manufacture, it is reasonably cheaper to import than to manufacture.
  2. Free trade agreements (FTA), help companies reduce taxes, which allows importing products at lower costs.
  3. Companies can use products from other countries as raw material, which will allow the incursion of new businesses that previously did not exist in that country.
  4. International companies can establish branches in the country having as their factory in another country.

What is the benefit for those who receive the import?

  1. It allows you to purchase products that are not commonly sold in your countries.
  2. You can buy products at a lower price, because you buy directly from the factory and not from intermediaries.

What is customs?

Customs is a public entity which has the mission of registering goods imported and exported to a country. It is a government public office, located at strategic points. These strategic points are generally: coasts, borders, international terminals for the transport of goods such as airports or railway terminals.

All import or export of goods is subject to a customs clearance in which the payment of a customs duty may be required.

To end; If you are interested in delving more about this topic, click on Import courses. A site where they help you study the situation of your business and how to achieve a successful import.

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