In 2022, the establishment of a company in Ecuador records an increase of 18.2% compared to 2021. The establishment of a company by electronic means prevails, which increased by 33%, while it decreased physically by 2%. By December 31, 2022, 19,526 companies were registered, of which 12,609 online and 6,917 in person.

“Opening a company contributes to the launch of business activities in the country and creates new jobs. This growth in company formation shows a post-pandemic recovery and marks a trend that we estimate will continue to grow,” he said Supervisor for Companies, Securities and Insurance, Marco López, during the accounting he did in Guayaquil.

During the presentation, he also presented figures for 2021, the year in which 16,520 companies were created, of which 9,493 were electronic and 7,027 were physical.

Marco López, supervisor of companies: “The biggest blow was recorded in 2021, when more companies closed than opened”

According to López, who took office on March 5, 2022, wholesale and retail trade concentrated most of the companies created in 2022 with 27.2% (5308). They are followed by the sector of professional, scientific and technical activities with 16.4% (3,201); construction with 9% (1,759); administrative and auxiliary service activities 7.4% (1,454); processing industry 5.6% (1,098), among others.

In his responsibility, the chief mentioned the results of the actions he led in the cases of the Police Institute for Social Insurance (Isspol) and Seguros Sucre.

Seguros Sucre in liquidation will start paying for life policies

As for Isspol, he said the entity recovered $290 million: $264 in bonds, plus $26 million in interest, from domestic debt that was swapped in 2016 in an operation involving Citadel Casa de Valores, Citibank and the company mediator Jorge Chérrez Miño.

In the operation for Isspol to recover ownership of these securities, according to López, the Office of the Attorney General, the Committee for Financial Policy and Regulation, which had the support of the President of the Republic, Guillermo Lasso, also intervened.

The watchdog ordered that $263 million in domestic debt bonds be returned to Isspol

As for Seguros Sucre – an entity that is in liquidation – and had outstanding life insurance policies, López indicated that 747 beneficiaries received compensation, worth $18.6 million.

The leader also pointed out that during 2022, they carried out 1,521 control actions; 1,053 for intervention processes; 1,259 actions in control reviews. In addition, it has authorized public offerings of securities for more than $4.3 billion.

With actions taken through the National Insurance Administration, they attended 1,265 administrative claims across the country.

Likewise, it was stated that they prepared 717 reports and supplements for inspections on the page and bonus reviews if you. Of these, 576 correspond to the corporate sector; 46 on the stock exchange; 35 to the insurance sector; and 60 others.