Company Registration in Venezuela
An extremely unstable economy with hyperinflation and strict currency controls. Potentially interesting only for oil/gas trading and mining (the country has one of the largest oil reserves), but even there the state dominates. Formally 100% foreign ownership is allowed (minimum 1% required only for some concessions) with a ~34% tax rate. Main drawbacks - constant political and economic crises, sanctions, currency shortages, and restrictions on capital repatriation; business processes here are extremely complex and non-transparent.
Tax rates
Special taxation terms & incentives
• Special Economic Zones (2022 law): under investment agreements, total or partial refunds of import tax, income tax, and VAT may be granted for up to 10 years. • The SEZ regime grants reimbursements or drawbacks case by case rather than outright exemptions. • Export drawback certificates refunding import duties may be issued (PwC notes this is not currently applied in practice). • Foreign tax credit available to offset foreign income tax, limited to the Venezuelan tax on foreign-source income.
Banking
Very problematic due to risks
With residence/investments
Legal & compliance
Minimal
Strong (treaty hub)
Ownership structure
100% foreign ownership permitted for CA and SRL companies, subject to mandatory authorization from SAREN (Servicio Autonomo de Registros y Notarias). All incorporations with foreign owners require formal SAREN approval as part of the registration process. Additionally, a local representative resident in Venezuela must be appointed as a mandatory role in the company. For CA form, a comisario (statutory auditor) is also required. Sanctions compliance is paramount — all UBOs must be screened against US, EU, and UK sanctions lists before incorporation.
Ideal for
Rarely used due to political risks
Good to know
Good treaty hub reputation, recognized
Venezuela registration services & pricing
All-inclusive pricing: every price is final and covers government registration fees, agent fees, and all associated service charges. No hidden costs.
Incorporation
Additional Services
Banking
Visas & Residency
Documents required for Venezuela incorporation
Personal Documents
- Passport Copy
- Proof of Address
- Police Clearance Certificate
Business Documents
- Source of Funds Declaration
Legal Documents
- Power of Attorney
- Apostilled Documents
What's included in Venezuela registration
- Company registration with local authorities
- Business license
- Company seal/stamp
- Certificate of incorporation
- Basic compliance setup
How to register a company in Venezuela
Submit Application
Upload your documents online
Document Review
We verify everything is in order
Government Filing
We handle all official submissions
Company Ready
We forward the documents issued by the registry
Ready to register your company?
Get started today and we'll guide you through every step of the process. Starting from $4,940 with all government and agent fees included.
No payment required to submit your application