RE:RE:Umbrella Agreement For (Some) Future MinesJurisdication risks are always manageable. And Ecuador is getting better and better and already a great place to invest.
You should also compare tax payments with other countries. As I said before, Ecuador is one of the best destinations.
- Income tax of only 22.5 %
- Royality of 5% (wich is okay)
- Profit sharing of 12%
And again:
--> No windfall taxes
--> No further profit sharing (Sovereign adjuments)
So from taxation side its pretty good. On the other hand you have pretty low labor costs and still great depositis (since there was not that much exploration in the past).
All in all a great place to make business.