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.

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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