Venezuela flag Venezuela: Investing in Venezuela

Investment framework and opportunities in Venezuela

Procedures Relative to Foreign Investment

Freedom of Establishment
Freedom of establishment is guaranteed, but new barriers have been set up, notably in the oil sector (a percentage taken off the highest profits).
Acquisition of Holdings
Acquisition of a majority stake in a local company's capital is authorized in Guatemala. There are however restrictions concerning certain sectors such as the press, aviation, shipbuilding, for the obvious reasons of security and independence.
Obligation to Declare
Foreign investments are encouraged in Venezuela, and protected by a new legal framework, especially through the dispositions stipulated in the Decree 2095.

The country's agency promoting foreign investment provides information about the permits necessary to business establishment.

Competent Organisation For the Declaration
Venezuelan Council for Investment Promotion
Requests For Specific Authorisations
None. In strategic sectors a special authorization is needed.

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Investment Opportunities

Investment Aid Agency
Venezuelan Council for Investment Promotion
Tenders, Projects and Public Procurement
Inter-American Development Bank, Tenders in South America
DgMarket, Tenders Worldwide
Other Useful Resources
Venezuela is an investment opportunity today - CONAPRI (in Spanish)

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Latest Update: May 2024

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