Registering a company in Venezuela

Name of service Bronze Silver Gold
Check and reserve of the company name Obtaining approval from the registrar for the company name
Company registration, including state fees Preparation of a full package of documents, depending on the chosen form of ownership, cooperation with the relevant authorities prior to obtaining information on company registration
Legal address for 1 year We provide a legal address for your company in this jurisdiction, eliminating the need to purchase or rent real estate
Support in opening an account Collection, preparation and submission of the necessary documents for opening a corporate account
Services of local director for 1 year Providing a resident director of a given jurisdiction or the EU, which is necessary for registering a company and opening an account at a local bank
Total cost
Оn request Оn request Оn request
Accounting services
Оn request Оn request Оn request
Annual renewal (paid from the second year)
Оn request Оn request Оn request

Deal of the month

If you will register a company until June 30,
opening a bank account is for FREE

6 easy steps to get started
  • 1

    Select your
    preferred jurisdiction

  • 2

    Choose a bank
    that meets your
    company's needs

  • 3

    Pay for our services
    using a convenient
    payment method

  • 4

    Receive all necessary
    corporate documents

  • 5

    Receive details
    for your newly opened
    bank account

  • 6

    We'll deliver the original
    documents directly
    to you

The Bolivarian Republic of Venezuela is located in the northern part of the South American continent. The country's economy is based on the oil industry. Registering a company in Venezuela can be a profitable decision due to the country's proximity to the large American market. Therefore, the government of the Republic seeks to create a comfortable environment for foreign entrepreneurs. Investors can choose the organization's scope in Caracas or any other city in Venezuela.

Advantages of registering a company

  • low level of competition;
  • availability of local resources;
  • possibility of creating a company with one shareholder and 100% foreign capital;
  • confidentiality of beneficiaries, shareholders, and directors.

Main forms of legal presence and doing business

  • Limited Liability Company (Sociedad de Responsabilidad Limitada -SRL);
  • an anonymous company (Compañía Anónima -CA);
  • Public Limited Liability Company (Sociedad Anónima - SA);
  • a joint stock company with share capital (Sociedad Anónima de Capital Autorizado -SACA);
  • public limited companies registered with public money (Sociedad Anónima Inscrita de Capital Abierto -SAICA);
  • partnership company (Comandita por acciones);
  • sole proprietorship;
  • partnership;
  • branch.

Most foreign investors prefer to open a company in Venezuela as an SA. A limited liability company can be registered with one shareholder and one director. In this case, the company will be called Sociedad Anónima Unipersonal. The liability of each of the partners is proportional to the capital they have invested, and no minimum amount is set by law. The shares of the company are freely transferable as well as additionally issued after incorporation.

Registration procedure

  • reserve a unique company name in the Commercial Registry;
  • open a bank account and deposit the share capital;
  • register the company in Venezuela at the Commercial Registry (Registro Mercantil);
  • publish the articles of incorporation in a newspaper (Gaceta Forense del Registro Mercantil);
  • register the corporate books (Book of Shareholders, Book of Minutes of Shareholders' Meetings, and, if applicable, Book of Minutes of the Board of Directors) and the accounting books (Inventory Book, Daily Book, and Book of Accounts) at the Commercial Registry;
  • submit the details of the new company to the tax authorities (Servicio Nacional Integrado de Administración Aduanera y Tributaria - SENIAT) to obtain an identification number (Registro Unico de Información Fiscal - RIF);
  • register with local administrative organizations: Seniat, Inces, IVSS, Banavih, Cuerpo de Bomberos, Alcaldía, Sanidad, Sunagro, Sencamer, SNC, INCES;
  • obtain the necessary licenses and permits to do business.

Legislation and regulatory environment

The Constitutional Law regulates foreign investment in Venezuela on Foreign Capital Investment (LCIEP). It establishes the following requirements:

  • 100% of the declared value of foreign investments must be represented by assets (physical or intangible) located in Venezuela;
  • The foreign investment must remain in the country for at least two years;
  • Investors may distribute dividends at the end of the first fiscal year, up to 100% of the profits or dividends received from their registered and renewed foreign investments.

Suppose you have decided to open a company in Venezuela. In that case, it is essential to remember that the National Executive Branch reserves the right to make temporary changes in legislation according to the current economic situation. For example, distributed dividends can be reduced to 80% or even 60%.

Tax system

  • corporate tax - 34%;
  • PIT- 34%;
  • VAT -16%;
  • dividend tax - 34%;
  • capital gains tax is not levied.

Companies registered in the Commercial Register (including branches) are considered tax residents of the country. Therefore, the basis of taxation is worldwide income. In addition, the activities of non-resident companies, which derive their income from economic activities carried out within the country or from assets in Venezuela, shall be taxed.

To open a business in Venezuela: how the lawyers of Prifinance can assist

Registering a business in Venezuela can be complicated due to the abundance of bureaucratic procedures. Furthermore, setting up a company can take time due to the need for document translation into Spanish. The lawyers at Prifinance can help you buy a ready-made business in Venezuela or support you in your efforts to establish a new company. We will select the optimal organizational and legal form of organization per your interests and goals, prepare the necessary documents, and take care of administrative issues. In addition, Prifinance provides accounting services following local legislation.


Our clients

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10:31 20 Mar 24
Collaborated with the company for 3 years. I can’t say that everything was smooth from the point of view of organizing the work; there was confusion in the structure of the work, etc. But I’ll specifically highlight employee Lyubov Malinowski, she very diligently corrected all errors and was in touch at the right time, her help was significant in all processes and she approached all issues precisely. I would like to separately highlight the moment when she solved the problem at her own expense, which speaks of the person’s professionalism and increased responsibility.
11:40 01 Mar 24
As a software development crew at FewMoreTaps OÜ, we've had the pleasure of working with Prifinance on some key financial moves.First of all, navigating the world of corporate banking and finance can be a maze, but Prifinance made it feel like a walk in the park. They helped us set up a corporate bank account without the hassle of jumping on a plane or drowning in paperwork. Everything was done remotely, smoothly and securely.But that's not all. We had a slightly time-sensitive situation when it came to changing the beneficiary details on our account. Prifinance stepped up to the plate and handled everything quickly and professionally.It's not just about getting the job done. It's about how Prifinance does it. They're all about making complex financial matters simple and accessible for companies like ours. Plus, their team, especially Liubov Malinowski, has been nothing short of fantastic to work with - professional, timely and always on the ball.In short, FewMoreTaps OÜ wholeheartedly endorses Prifinance OÜ. Whether it's opening bank accounts remotely or navigating the financial legalities of running an international business, these guys have got your back. A big thank you to the entire Prifinance team for their first class support and expertise.Here's to more collaborations in the future!Best,Kiryl Nest
Mina KedisMina Kedis
18:10 23 Feb 24
I had their assistance in company registration and I would recommend them. They were answering all my clarification during the process and offering all their supportThank you Daniel and Irinia
Róbert KnapecRóbert Knapec
15:08 22 Feb 24
We found PRIFINANCE COMPANYvia the Internet and asked for help in organizing the opening of their company in Estonia. PRIFINANCE COMPANY specialists helped us a lot with this. Their professional, competent approach and knowledge of their business left us with only the best impressions.
Anna AnnaAnna Anna
13:33 07 Feb 24
I'm thrilled with my experience with PriFinance! They helped me obtain a crypto license in Estonia without any hassle. The team was super understanding and always available to answer my questions and assist. It was great to see how they put effort into preparing the documents to ensure everything went smoothly. I'm delighted with the outcome and highly recommend PriFinance to anyone looking to get a license stress-free!
Opening an account with Prifinance in a Swiss bank was such an easy and quick process that I was shocked. It all started with the first call, where I received detailed guidance on the required documents and the entire procedure.One of the key highlights was their attention to detail. As someone who usually gets tangled up in paperwork, I was pleasantly surprised when they sent me all the documents and instructions clearly and neatly. No misunderstandings!Honestly, I expected opening a Swiss bank account to be complex and time-consuming, but thanks to Prifinance, I felt like a professional financial expert. Thank you for making this process so easy and enjoyable!
Maria Jose SantomeMaria Jose Santome
20:39 13 Dec 23
I recently had the pleasure of working with Boris.. and I must say, it was a fantastic experience. Boris went above and beyond to assist me with my residency needs. His professionalism, knowledge, and dedication truly stood out. I highly recommend working with Boris and the team!
Valon StatovciValon Statovci
12:43 27 Nov 23
I used Prifinance to help me with a new corporate structure. The team were helpful and communicated well from the initial onboarding with Daniel to case handling by Karmen. They also responded to additional requests post incorporation very quickly, Thank you and would work with them again