Venezuela flag Venezuela: Business Environment

Business law in Venezuela

Legal Framework

Independence of Justice
Judiciary power is not independent in Venezuela. It is highly politicized and undermined by the chronic corruption.
Equal Treatment of Nationals and Foreigners
A foreigner cannot hope for an equal and fair trial. The same is true for certain socio-cultural cathegories. Together, the fact of being white, rich and having an attorney who knows the wheels of the system well, is still the best defense.
The Language of Justice
The judicial language used in the country is Spanish. 
Recourse to an Interpreter
Sources of the Law and Legal Similarities
The main source of the law is the constitution of 1999. Federal law is applicable uniformly across the country. However, municipalities are the fundamental units of local government in Venezuela and can have some local powers, such as raising taxes, etc.

The country does not adhere to the ICJ (International Court of Justice) jurisdiction.

The country is a member of the OAS : Organization of American States. It is also an associated member of MERCOSUR and of Comuninad Andina: Community of South American Nations.

Checking National Laws Online
Venezuela Legislation
Venezuela Legislation

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Latest Update: May 2024