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Venezuela

Americas Β· VE Β· VEN Β· Bolivarian Republic of Venezuela
34.00%
CORP TAX
2.4/10
TRUST
2/5
BANKING
180–300 days
SETUP

TAXATION

Corporate Tax34.00%
Personal Income Tax34.00%
VAT / GST16.00%
Tax-Free ZonesYes
Crypto Taxno Specific Rules

FORMATION

CSP Fee (Low)$6, 500
CSP Fee (High)$42, 820
Timeline180–300 Days
Online RegistrationNo
Min Directors1
Min Shareholders1
Local DirectorYes
Local SecretaryNo

BANKING & COMPLIANCE

Banking Ease2/5
Privacy Index3
Audit RequiredYes
Annual FilingYes
BO RegisterNo
UBO DisclosureYes
FATCA CompliantNo
AEOI ParticipantNo
Correspondent BankingVery Limited

SUITABILITY SCORES

Overall Trust2.4/10
Holding Company3/5
Trading Company1/5
IP Holding3/5
Startup1/5
Crypto3/5
Asset Protection3/5
Top IndustriesPetroleum, Steel, Aluminum, Transport Equipment, Textiles, Apparel, Beverages, Foodstuffs, Cement, Tires, Paper
Residency by IncorpYes

incorporator AI Assessment

AUTOMATED ANALYSIS Β· VENEZUELA
LIMITED

Venezuela is a Americas jurisdiction offering higher corporate tax at 34% with developing reputation (trust score: 3.7/10). Company registration typically takes 140–175 days with formation costs ranging from $6500.00 to $42820.00. Banking ease is rated 1/10.

ADVANTAGES
  • +Established corporate framework in Americas
  • +Access to regional markets and trade agreements
DISADVANTAGES
  • βˆ’Relatively high corporate tax rate
  • βˆ’Challenging banking environment for foreign companies
  • βˆ’Limited privacy protections β€” public beneficial ownership registers
  • βˆ’Lengthy registration process
  • βˆ’High formation and maintenance costs
BEST FOR
Regional operationsLocal market entry
RISK FACTORS
Difficulty opening and maintaining bank accountsLow overall trust score may impact business credibilityRegulatory changes may affect tax and compliance obligations

AI-GENERATED ASSESSMENT Β· NOT LEGAL OR FINANCIAL ADVICE Β· VERIFY WITH QUALIFIED PROFESSIONALS

ENTITY TYPES

Limited Liability Company
LLC
limited

Flexible entity with pass-through taxation and liability protection.

Timeline: 1–8d
Compliance: low
Min shareholders: 1
Min directors: 1
HoldingTradingIPCrypto
LAST UPDATED FEB 22, 2026
Corporation
Corp
limited

Standard corporation structure for venture-backed companies.

Timeline: 7–20d
Compliance: high
Min shareholders: 1
Min directors: 1
HoldingTradingIP
LAST UPDATED FEB 22, 2026
Sole Proprietorship
SP
unlimited

Simplest business structure for individual entrepreneurs.

Timeline: 1–15d
Compliance: low
Min shareholders: 1
Min directors: 1
Trading
LAST UPDATED FEB 22, 2026

SERVICE PROVIDERS IN VENEZUELA

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