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.\n• The SEZ regime grants reimbursements or drawbacks case by case rather than outright exemptions.\n• Export drawback certificates refunding import duties may be issued (PwC notes this is not currently applied in practice).\n• Foreign tax credit available to offset foreign income tax, limited to the Venezuelan tax on foreign-source income.
Crypto & digital assets
AllowedTrading allowed, payments possible (official stablecoins with govt support). Petro acts as stablecoin. Local stablecoins (official: Petro Dollar etc.), few exchanges (mainly P2P). Mining licensed (MINT registry), Petro issuance centralized. Profits taxed at standard rates (up to 34%). National cryptocurrency Petro. Law allows mining and limited payments. USD, EUR legal. Sanctions and hyperinflation complicate regulation.
Banking
Very problematic due to risks
With residence/investments
Legal & compliance
Minimal
Strong (treaty hub)
Ownership structure
100% foreign ownership permitted in most sectors with some restrictions. Sanctions compliance is paramount — all UBOs must be screened against US, EU, UK sanctions lists.
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.
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
Receive your official documents
Ready to register your company?
Get started today and we'll guide you through every step of the process. Starting from $3,000 — all government and agent fees included.
No payment required to submit your application