Ecuador Approves Public Works Investment Incentives Law

Ecuador's parliament has reportedly approved the Organic Law of Incentives for Public-Private Partnership and Foreign Investment. The law introduces incentives for foreign investment in public works development projects through public-private partnerships. The incentives include:

• A 10-year income tax and remittance tax exemption;
• A 10-year dividends tax exemption, regardless of where the recipient is resident; and
• A real estate tax exemption for immovable property used for public works.

Th…