Venezuela
🇻🇪

Venezuela

Coming Soon Crypto Friendly Americas
Processing Time
6-7 weeks
Corporate Tax
High (up to 34%)
Foreign Ownership
100% Allowed
Remote Setup
In-person

About Business 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.

Why Choose Venezuela?

Stable Jurisdiction

Onshore high-risk jurisdiction with clear regulatory framework

Full Ownership

100% foreign ownership allowed for most business types

Crypto Friendly

Progressive regulations for digital assets and blockchain

No Visa Required

Banking services available without visa requirements

Tax Structure

High (up to 34%)
Corporate Tax
On company profits
Very high + inflation
Personal Tax
On individual income
Up to 34%
Dividend Tax
On profit distributions

Crypto & Digital Assets

Allowed

Trading 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 Options

Business Account

Very problematic due to risks

Personal Account

With residence/investments

Legal & Compliance

Substance Requirements

Minimal

Double Tax Treaty Network

Strong (treaty hub)

Ideal For

Rarely used due to political risks

Reputation & Considerations

Good treaty hub reputation, recognized

Available Services

Basic Registration
$3,000
one-time
Virtual Office
$600
/year
Residence Visa
$650
one-time
Accounting
$240
/month
Bank Account
$780
one-time

What's Included in Basic Registration

  • Company registration with local authorities
  • Business license
  • Company seal/stamp
  • Certificate of incorporation
  • Basic compliance setup

Registration Process

1
Submit Application Day 1
Fill out the online form with your business details and upload required documents
2
Document Review Days 2-3
Our team reviews and verifies your documents, requesting clarifications if needed
3
Government Filing Processing
We submit your registration to local authorities and track the progress
4
Completion Final Step
Receive your official registration documents and certificate of incorporation

Ready to Start Your Business in Venezuela?

We'll connect you with trusted local partners to handle every step of the registration process. Starting from just $3,000.

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Starting from
$ 3,000
one-time fee
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Registration opens soon. Apply to be notified.

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Quick Facts

  • Processing Time 6-7 weeks
  • Corporate Tax High (up to 34%)
  • Foreign Ownership 100% Allowed
  • Remote Registration No
  • Crypto Allowed
  • Jurisdiction Onshore high-risk
  • Remote Bank Account No

Have Questions?

Our team can help answer your questions about company registration in Venezuela

Contact Us