Venezuela flag Venezuela: Operating a Business in Venezuela

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.

Business Setup Procedures

Setting Up a Company Venezuela Latin America & Caribbean
Procedures (number) 20.0 8.0
Time (days) 230.0 25.2

Source: Doing Business - Latest available data.

 
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.
For Further Information
Consult Doing Business Website, to know about procedures to start a Business in Venezuela.

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Latest Update: November 2022

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