The Government has also taken steps to reduce its monopolistic control of the various market industries by taking a back seat and encouraging independent businesses to thrive as they loosen their privatization net and withdraw due to new Privatization laws and regulations.

As well as adhering to stricter monopolistic codes of practice on privatization legislation the country has also made crucial changes in both its administrative and legal structures to further accommodate foreign investment with the advent of fewer current economic and legal restrictions the economy has begun to thrive from outside help as well as through greater flexibility also benefited internally on a local level and appears to be winning on all fronts.

The Ministry of Exterior Commerce, Industrialization and Fishing Ministry as well as promoting International Public sector investment also ensures that local production in areas such as:
fishing; air national services; maritime transportation of crude oil, maritime transportation; radio and television, written press and national defense and ammunition are well guarded and protected for national interest. Such areas are of prime national interest and the nation has its own well defined infrastructure and operates locally and nationally most effectively. Of final note, all foreign investment must be registered by the Central Bank of Ecuador.

Overseas investors can generally enjoy various advantages with their foreign investments such as "joint ventures" or holding enterprises to relate their interest to well established Ecuadorian or foreign establishments. Foreign investors can also send overseas all of their profits in any foreign currency. During the first five years of the establishment of an industry, Ecuador warranties to international investors the access to credit facilities, tax deductions and tax exemptions, special facilities to invest in tourism, and zero duty on the importation of machinery and equipment. Foreigners can also take additional security cover through insurance with the Multilateral investment Guarantee Agency of the World Bank created in 1988, which has a policy covering political risks.

Ecuador is a good country to do commercial business in for a number of reasons as pre-mentioned, in addition it has a Democratic government, current political stability as well as a planned modernization of the state and deep structural reforms plus a free market economy allowing diversification.
There are five major groupings in terms of advantages for doing business in Ecuador, these are:

1) Intercontinental trade/Free zones
Free Trade Zones with Andean neighbors and Chile. A Major peace agreement with Peru in the 1990s has provided an abundance of commercial opportunities, strategic geographic location, bilateral and economical cooperation agreements with Argentina, Brazil, Peru, Paraguay and Uruguay.

2) Financial Benefits
Investors are entitled to transfer abroad, in freely convertible foreign currency their net returns from their international investments without limits, taxes, liens or encumbrances.
Free access to stock market and national finance system to obtain credit lines. Prices are set by the market with little Governmental intervention.

3) Legal Benefits
Direct foreign investment may be executed in any productive sector without any prior authorization and under similar conditions and treatment of investments made by Ecuadorians and corporations.
Enjoys the Trade Preference Law for Andean Countries with the United States - 95% of all non-petroleum products can enter the US duty free. Investors will have Access to the Preferential Tariff System of the European Union.

Maquila Law authorizes exportation of goods with final added value incorporated in Ecuador. These products are also exempt from VAT and export costs. Multilateral Investment Guarantee Agency (MIGA), which covers with insurance to the political risks against overseas investors. Enjoys the Trade Preference Law for Andean Countries with the United States. The system of protect IPR is subjected to norms of the Common System in case a violation of the law resulted.

4) Employment/ Labor Benefits
A large Abundance of medium as well as higher-skilled workers is available taking advantage of the "Law of Comparative advantage". The taking on and firing of the work force is also free and voluntary with little opposition from Union run corporations from the West.

5) Guarantees
Investment guarantees for US investors are provided by the Overseas Private Investment Corporation (OPIC).
Guaranteed System of Preferences granted by the mainland industrialized countries for the developing nations.

1) Tax Benefits
100% exemption is given on all import duties of raw materials, equipment, parts, components, samples and capital goods involved in production of final products.

Exemption is also given from import duties on vehicles necessary for operations as well as on sales tax of local purchases of all goods and services.

2) Selling Benefits
There is no restriction on sales to local exporters.

3) Management of Foreign currency Benefits
Management of foreign currency with complete autonomy from the local banking system is a final main advantage to Foreign investors.