Reminder of Obligations for August 2018

We remind our subscribers that the following obligations must be met in August 2018 in Ecuador:   Payment of the Fourteenth Remuneration for the Sierra and Amazon Regions By August 15th employers must play the 14th remuneration to all employees who have requested accrued payment. The 14th remuneration amounts to one consolidated basic salary; that is $386 for 2018. Estimate of Personal Expenses If an employee believes that his/her expected personal expenses will be different to those originally submitted in January; in July or August, the employee shall submit a new estimate of personal expenses in July or August for the resettlement of future withholding. Employers are obliged to apply […]

PBP’s Pro Bono Work is Recognized Internationally

“Pro Bono Leading Light” is the annual recognition granted by Latin Lawyer along with the Vance Center to law firms performing pro bono work.  Pérez Bustamante & Ponce (PBP), through Fundación Fabián Ponce Ordóñez (FFPO), is once again among the firms distinguished for their work during 2017. This distinction is granted based on the results of a survey administered by Latin Lawyer confirming the provision of quality advice, the amount of time devoted to doing so, and the institutionalization attributed to pro bono work in our firm. The foundation has 30 years of history benefitting vulnerable at risk persons or groups. It reaffirms its mission to the community each year, […]

Obligations to be met in March 2017 in Ecuador

We would like to remind our subscribers that the following obligations must be satisfied during the month of March 2017: Tax: Companies in Ecuador must hold their General Shareholders’ Meeting at least once a year, within the three months after the end of the company’s tax year; i.e. until March 31. Find out all that you need to know about the General Shareholders’ Meeting by following this link.   Warning: This newsletter by Pérez Bustamante & Ponce is not and cannot be used as legal advice or opinion since it is merely of an informative nature.