Imagine starting profitable businesses in Quito, Ecuador. In the middle of the world and in the middle of success!
Take action now! Begin to appreciate the possibilities of this city, which is historic and modern at the same time.
Busy with tourists, with commercial growth, export capacity and lots of economic potential.
Here I bring you the details and guidelines you need to carry out, so read on.
- Dates and characteristics of Quito
- It is possible to start profitable businesses in Quito
- Requirements to start profitable businesses in Quito
- Profitable businesses in Quito
- And now for the action!
Let’s start by knowing some relevant data about entrepreneurship in Quito, Ecuador…
Dates and characteristics of Quito
The city of Quito is the capital of the Republic of Ecuador. I present it to you by its official name: San Francisco de Quito.
It stretches across an Andean valley surrounded by volcanic peaks. Due to its altitude of 2,850 m above sea level, temperatures between 10 °C and 27 °C prevail all year round.
Did you know that the parallel zero degree known as Ecuador runs through Quito?
Quito is the most populous city in Ecuador, academic and university capital. It is also the oldest capital in South America.
Thanks to this and because it is well preserved, its historic center has been recognized by UNESCO World Heritage.
However, the city of Quito has modern structures of great appeal.
On the other hand, the most important political and cultural activities of Ecuador take place in Quito.
Now I’ll give you more information: The capital of Ecuador has more than sixty kilometers of bike paths, more than 450 places to eat and drink, and shops ranging from international designer shops to local handicraft shops.
All these characteristics and others make Quito a tourist center ready to offer the best accommodation and tours to discover the most unique places.
And in business…
The majority of transnational companies based in this country have their headquarters in Quito. There are also four financial centers in the northern zone.
In addition, great activity is met in its modern shopping malls, textile, handicraft and souvenir shops, supermarket chains and more.
And on the other hand we have to add the automobile assembly industry to the economy of Quito, together with the increased activity in the construction sector.
Before closing this section, I cannot help but mention that the export of flowers, wood and non-traditional products from its valleys boosts Quito’s economy and consequently that of the country.
It is possible to start profitable businesses in Quito
Due to its economic dynamism, it is possible to start profitable businesses in Quito.
You can venture into various sectors with your suggestions.
I’ll give you an important fact: the currency of national circulation is the US dollar. So the risks of depreciation are minimal for those who want to invest, ie it is reliable to do.
In addition, there is no lack of incentives and support from both the private and public sectors for those starting businesses.
For example, I quote the Metropolitan agency for economic developmentwhich supports entrepreneurs, companies and institutions.
Consequently, they try to stimulate technical and industrial development through innovation, professional improvement and job creation.
Works in the same line AEINetwork of actors promoting entrepreneurship and innovation.
If we think of institutions, another one could be that idea bank from Ecuador.
Certainly there are many institutions dedicated to supporting entrepreneurs.
Requirements to start profitable businesses in Quito
In order to start profitable businesses in Quito, you must meet the legal requirements for formal operation.
First of all, I invite you to review and follow the guidelines that I am giving you with this in mind in my article 15 profitable businesses in Ecuador that I am teaching you NOW!
They apply to Ecuadorians and foreigners.
Secondly, it carries out the procedures appropriate to the location both in the municipality and in the municipality of Quito. I mention them:
Before the Metropolitan District of Quito, the following will be processed:
Before the Municipality of Quito it is processed:
- The Single Metropolitan License for the Exercise of Economic Activities (LUAE).
- Depending on which business you want to open, you will need to process such documents as: firefighter qualifications, environmental, safety, health, tourism, labeling permit and others.
There are several procedures, but don’t worry. Most importantly, many are conducted online.
You probably already have several of the requested documents. Check and process what is missing.
Profitable businesses in Quito
I have already given you the peculiarities of the city and the opportunities to start profitable businesses in Quito. Now I’ll show you some alternatives.
Considering that Ecuador annually receives a significant number of tourists, most of whom pass through the capital, I highlight some tourist services that offer a business opportunity:
2.- Tourist transport
3.- Typical restaurants
4.- Tourist excursions.
In Quito it is possible to adopt technological services to contribute to economic dynamism. I then suggest:
5.- Software development for business management
6.- Development of mobile applications
7.- Electronic Commerce.
Other profitable businesses in Quito
Likewise, I offer you professional, specialized and commercial services, always necessary in any city. Add them to the list of opportunities to evaluate so you can make the decision.
8.- Car workshop
9.- Training Academy for Entrepreneurs
12.- Bike rental and maintenance
13.- Organization trainer
14.- Beauty salons
15.- Language courses
And now for the action!
Have you seen that from the ideas I gave you, many others come out?
In summary, with all the information provided, your ideas, knowledge and motivation, you are surely already making the decision to start a profitable business in Quito… In the midst of success!
Because there are many things to do in this city. Take action now!
Before I say goodbye, I would like to invite you to explore other cities in Ecuador that will surely catch your attention:
Success in your project!
thank you for reading me
Until next time!