Know this Before Hiring Someone in Ecuador

Any entrepreneur would go crazy thinking about all the business opportunities available in Ecuador (I will reveal several of these in upcoming posts) but keep this in mind before you hire someone down here…

With the new presidential regime of President Correa, the country is rapidly turning into a more socialist country…with ever stricter laws protecting workers.  One of which states that all hired workers are due a “liquidacion” payment upon leaving your business, doesnt matter if they were fired or quit.

In the US, you can simply fire someone and chao, but in Ecuador you will have to pay them, often around 1 and a half month´s salary in order to get them to leave (the amount depends on time of service and salary size).

Something to think about, Hasta pronto, Domenick…hey, if you liked this, you’ll love my weekly Foreign Investor’s newsletter for insider tips and opportunities in Ecuador…subscribe below(unsubscribe at any time):

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Journeyman Jack Ecuador

Proudly serving Ecuador Expats since 2008, My Services, web links, contact info tel. #'s - US, CAN & EC. are all below: Thank You, Jack Abercrombie, Cumbaya, Quito- ECUADOR S.A. [email protected] [email protected] #StrategicRelocationEcuador "May your strategy be as dark as night and as swift as a boulder rolling down a mountain." ~ Sun Tzu "I'd rather prep 10 years too early than 10 minutes too late." Strategic Relocation Ecuador: Ecuador Real Estate: Call Toll free from U.S. & Canada: Mnts: 770-828-7913, & Coast: 770-988-4492, EC. Off: 02-380-4088, Ec. Cel Claro: 098-828-8953, WhatsApp, Zello, Telegram, Viber, Signal, WIRE, Element, Sessions: +593-98-828-8953, For Virtual Real Estate Tours, PreTrip Planning Video Conference via Zoom, jitsi, "skype" user name: "Jack.Abercrombie"- Someone once said that Ecuador is a country that is: •EASY to love- •HARD to understand- •Impossible to forget- 'All the Very Best on Your Endeavors in Ecuador-