Investment

Municipal appraisal:
1.7 MM USD

Commercial value:
1.7 MM USD

Investment alternatives:

  • Soil use
    – Residential
  • Investment alternative:
    – Tourism sector (hotel)
    – # domestic tourists: 467,025
    – # international tourists: 268,431

Property Information

Area: 3,311.30 m2

LOCATION

  • Province: Santa Elena
  • Canton: La Libertad
  • Neighborhood: La Carolina
  • Coordinates (UTM):
    E: 508842
    N: 9754542
    Height: 18 m.a.s.l.

ACCESSIBILITY
There are several primary streets to access that area.


Regulatory Framework

INMOBILIAR’s Rules on Property Disposal


INVESTMENT BENEFITS TOURISM

Investment greater than 1 million USD Dollars

Through the signing of an investment agreement with the Ecuadorian government, recorded as a public deed, reception of benefits are guaranteed.

  • Up to 10-year exemption in tourism in areas affected by the earthquake (Manabi and Esmeraldas)
  • Stability on tax incentives up to 15 years, renewable once (maximum validity 30 years)
  • The company may request total or partial reduction of duties for any capital goods imported
  • Exemption of foreign exchange taxes on financing operations
  • Establishes conflict resolution mechanism

Investment lower than 1 million USD Dollars

Through the signing of an investment agreement with the Ecuadorian government, recorded as a public deed, reception of benefits are guaranteed.

  • Up to 10-year exemption in tourism in areas affected by the earthquake (Manabí and Esmeraldas)
  • Stability on tax incentives up to 15 years, renewable once (maximum validity 30 years)
  • The company may request total or partial reduction of duties for any capital goods imported
  • Exemption of foreign exchange taxes on financing operations
  • Establishes conflict resolution mechanisms


INVESTMENT BENEFITS INDUSTRIAL

  • Income tax exemption for 10 years
  • Exemption to the currency outflow tax on the importation of goods, acquisition of services, funding, dividends or profits, payments for acquisition of shares, rights or participations
  • Taxes on foreign trade: exemption on customs rights and VAT on imported products and services
  • Legal stability: standard on concession agreements


INVESTMENT BENEFITS CONSTRUCTION

Investment greater than 1 million USD Dollars

Through the signing of an investment agreement with the Ecuadorian government, recorded as a public deed, reception of benefits are guaranteed.

  • Up to 10-year exemption in tourism in areas affected by the earthquake (Manabí and Esmeraldas)
  • Stability on tax incentives up to 15 years, renewable once (maximum validity 30 years)
  • The company may request total or partial reduction of duties for any capital goods imported
  • Exemption of foreign exchange taxes on financing operations
  • Establishes conflict resolution mechanisms

Investment lower than 1 million USD Dollars

Through the signing of an investment agreement with the Ecuadorian government, recorded as a public deed, reception of benefits are guaranteed.

  • Up to 10-year exemption in tourism in areas affected by the earthquake (Manabí and Esmeraldas)
  • Stability on tax incentives up to 15 years, renewable once (maximum validity 30 years)
  • The company may request total or partial reduction of duties for any capital goods imported
  • Exemption of foreign exchange taxes on financing operations
  • Establishes conflict resolution mechanisms

Public-private alliance

  • Income tax exemption for 10 years
  • Exemption to the currency outflow tax on the importation of goods, acquisition of services, funding, dividends or profits, payments for acquisition of shares, rights or participations
  • Taxes on foreign trade: exemption on customs rights and VAT on imported products and services
  • Legal stability: standard on concession agreements


PROCEDURE FOR AUCTION

General Information: information on the property to be auctioned shall be public and available in www.inmobiliariapublica.ec

Notices: the notifications to the bidders will be made through the electronic mail (e-mail) address indicated by the offeror.

Form of presentation and requirements of tenders: offers shall be submitted in hard copy at the address listed in the Call, addressed to the Property Disposal Committee of INMOBILIAR. The initial economic o er must be equal to the base price established in the call and must describe the form of payment proposed by the offeror – within one hundred and eighty (180) calendar days Supporting documents (backup): 10% of base price.

  • Unconditional, irrevocable guarantee of immediate collection, granted by a bank or financial institution established in the country or through it
  • Bond insured by an insurance policy, unconditional, irrevocable and of immediate collection, issued by an insurance company established in the country
  • Certified check or bank check issued to INMOBILIAR; Bank transfer
  • Cash deposit