Starting a business in Venezuela

Legal Forms of Companies

Sociedad de Responsabilidad Limitada (SRL) is a Private Limited Company.: Number of partners: Minimum 2 partners.
Capital (max/min): No minimum capital required. To be entirely subscribed.
Shareholders and liability: Liability is limited to the amount of capital contributed.
Sociedad Anonima (SA) is a Public Limited Company.: Number of partners: Minimum 2 partners.
Capital (max/min): No minimum capital required. To be entirely subscribed.
Shareholders and liability: Liability is limited to the amount of capital contributed.
General Partnership: Number of partners: Minimum 2 partners.
Capital (max/min): No minimum capital required.
Shareholders and liability: Joint and several liability.
Limited Partnership: Number of partners: Minimum 2 partners, one managing partner and one silent partner.
Capital (max/min): No minimum capital required.
Shareholders and liability: Joint and several liability for managing partners, limited to the contributions for silent partners.

The Competent Organisation: A company must register with "Registro Mercantil" or "Trade Register" in the company's place of business: in order to find the right Trade Register, go to the Chamber of Commerce.