Ecuador Culture of Business

By | July 24, 2022

Culture of business dealings

Subchapters:

  • Introduction
  • Addressing
  • Business Meeting
  • Communication
  • Recommendations
  • Public holidays

Introduction

Business negotiations in Ecuador have similar specifics as in other Latin American countries. It is important to arm yourself with patience and repeatedly check business partners. The loosening of measures related to the Covid-19 pandemic partially returns negotiations to a traditional, personal level.

  • Programingplease: Yearbook 2010 of nation Ecuador, including population, politics, and abbreviations.

Addressing

Addressing potential business partners takes place through classic channels as in other countries. That is by phone, e-mail. In the case of telephone communication, there has recently been an increasing number of cases where Ecuadorian telephone lines, including those of the most important state offices, are being misused for illegal calls.

Personal contact (e.g. at a fair) is ideal, which Ecuadorians prefer.

Business meeting

There are no specific peculiarities or customs in Ecuador that would distinguish the country from the surrounding Latin American countries. Ecuadorians are very communicative and it is not a problem to establish contact with them. Business partners almost always prefer imperfect Spanish to perfect English. Knowledge of Spanish is therefore very advantageous for business negotiations. On a practical level, it is always necessary to take into account the laziness of Ecuadorians when it comes to punctuality. Being late is not considered rude and is tolerated. It is recommended to arrive on time for important meetings with high-ranking representatives of the state administration or representatives of large companies – due to their busy schedule and the need to plan meetings well in advance. It cannot be said that Ecuadorian business partners excel in strict compliance with the commitments they have made, rather, a more lax approach is to be reckoned with. Emergency rooms are common practice in this regard. They will put up with good treatment and appreciate being invited to a business lunch or dinner. Meetings must be arranged in advance and it is common practice to confirm them about a day before the agreed date.

Communication

In Ecuador, as in other Latin American countries, Spanish is preferred. An interpreter is an advantage anyway. English is mostly spoken only by upper management in big cities. There is no polite refusal in Latin America. Therefore, it is necessary to thoroughly check whether what appears to be agreed according to Czech standards really applies. J is an important personal contact, the current post-pandemic situation returns negotiations from the virtual to the personal level. Visit Calculatorinc for more information about Ecuador culture and traditions.

Recommendation

In order to establish business contacts, it is necessary to arm yourself with a lot of patience and thoroughly check the business partner. Before establishing contacts, it is an advantage to check the possibility of financing. The preferred language for negotiations is Spanish.

Public Holidays

  1. 1. New Year

February – March Carnival

March – April Good Friday

  1. 5 Labor Day
  2. 5. Battle of Pichincha
  3. 7. Founding of Guayaquil (local holiday)
  4. 8. Independence Day
  5. 10. Independence of Guayaquil (local holiday)
  6. 11. Memorial of the deceased
  7. 11. Independence of Cuency
  8. 12. Foundation of Quito (local holiday)

25.12. Christmas

Contacts

Subchapters:

  • Contacts to Czech embassies in the territory
  • Practical telephone numbers (emergency services, police, firefighters, information lines, etc.)
  • Important Internet links and contacts

Contacts at the embassies of the Czech Republic in the territory

The Czech Embassy in Lima has territorial competence for Ecuador.

Embassy of the Czech Republic in Lima

Embassy of the Czech Republic

Baltazar la Torre 398, San Isidro, Lima, Peru

Tel.: 00511/2643381, 2643374

e-mail: [email protected], economic section e-mail: [email protected]

Office opening hours: Monday – Friday: 08.30 – 17.00, consular section office hours for the public: Monday, Wednesday, Friday: 09.00 – 12.00, visas: Tuesday and Thursday: 09.00 – 12.00 (location of ZÚ in Lima: intersection of Av. Salaverry and Av. Javier Prado; San Isidro district; access from Baltazar la Torre street)

Honorary Consulate General of Guayaquil

Honorary Consulate of the Czech Republic in Guayaquil

Honorary consul: Ing. José Miguel Aguilar Mora

Av. Tercera 520 y Calle Cuarta, Los Ceibos, POBox 09-01-5094, Guayaquil, República del Ecuador

Phone: +593 96 058 9358

e-mail: [email protected], [email protected]

Honorary Consulate in Quito

Honorary Consulate of the Czech Republic in Quito

Honorary Consul: Tommy Carlos Camilo Schwarzkopf Peisach

Av. Eloy Alfaro y Mariana de Jesús, Edificio Gaia, Piso 6, Oficina 64, Quito, República del Ecuador

Tel.: 00593-2-4502763, 4502796

e-mail: [email protected], [email protected]

Ecuador falls under the Office of PaulTrade in Lima, where it is located at the address of the embassy (see above)

Office director: Bc. Martin Rossbach, MBA

Tel.: 00511/2643381, l. 35

e-mail: [email protected]

Practical telephone numbers (emergency services, police, firemen, information lines, etc.)

The international prefix +593 applies to calls to Ecuador

Police: 101

Firefighters: 102

Information line: 104

Ambulance: 911

Mariscal Sucre Airport, Quito: +593 2-395-4260

Consumer protection: 02 394 8760 (lines 2231 and 2229)

Quito Hospital:

Hospital Metropolitano: 02 399 8000

Hospital de Especialidades FF.AA. (military hospital): 02 396 8300

Vozandes Hospital: Telephone: 02 397 1000

GuayaquilHospital:

Hospital Alcívar: (5934) 3720100

Hospital Clínica Kennedy: (04) 2289-666 / (04) 2295-388

Important web links and contacts

Information from the government, ministries: www.presidencia.gob.ec

CB financial and economic information and statistics: www.portal.bce.fin.ec

Statistics for Ecuador: www.ecuadorencifras.gob.ec

Quito Chamber of Commerce: www.lacamaradequito.com

Guayaquil Chamber of Commerce: www.lacamara.org

Constitution, its amendments: www.ecuanex.net.ec/constitucion

Ministry of Foreign Affairs: www.cancilleria.gob.ec

Ministry of Finance: www.finanzas.gob.ec

Central Tax Office: www.sri.gob.ec

Information on public contracts: http://portal.compraspublicas.gob.ec/sercop

Commercial register: http://registromercantil.gob.ec

Customs Office (SENAE): www.aduana.gob.ec

Control Office: www.contraloria.gob.ec

State Agency for the Promotion of Exports and Investments: www.proecuador.gob.ec

El Comercio newspaper: www.elcomercio.com

El Universo newspaper: www.eluniverso.com

Expreso newspaper: www.expreso.ec

Ecuador Culture of Business