If you are considering doing business in Venezuela, you have come to the right article. Because this month we have been analyzing the financial environment and the implications of the current Venezuelan context on the operations of small and medium-sized companies. That is why, after analyzing successful experiences such as those of Locatel or Farmatodo, we understand that it is possible to make profits in spite of the atmosphere of anxiety that surrounds these businesses. For this reason, at Aldana & Abogados we feel committed to promote investments and the legal security that we yearn for in the country. In that sense, in this article we will share with you 3 ways to start doing business in Venezuela.
But first we must remind you that any of these three ways works as long as you have analyzed very well the business objectives. For this you must understand what is the commercial relationship you want to establish, whether it is import, export, manufacturing or manufacturing. The way in which the legal figure is represented within the country depends on this, and it will facilitate the development of the activities with total legality.
1- Domicile a branch of your foreign company within Venezuelan territory.
This is the first option for those entrepreneurs who want to start doing business in Venezuela, importing their products and services within the Venezuelan territory. Therefore, this form is the most suitable in case the operator does not want to become independent from the company's parent company. It is also a safe legal form to be able to centralize and transfer the profits of the business to the country of origin. Because it does not have any type of restriction as long as it complies with its legal and fiscal obligations in Venezuela.
In addition, this business model allows adapting to different national scenarios, while maintaining the international line of operations. That is to say, in these cases the parent company is the owner of the branch in Venezuela, so that if there is any type of non-compliance by the branch, the owner company is responsible for the fines, agreements or payments of its extension in Venezuela.
2- Register a company in Venezuela
In the event that the commercial relationship is for manufacturing or fabrication of raw materials, it is advisable to register a company in Venezuela. Although it has more requirements at the time of incorporation, it will function as an autonomous entity capable of mediating and controlling its operations in the country. Therefore, it is advisable at the time of generating confidence before the control agencies and the company's clients.
It is also a way to guarantee transparency and legality in the operations carried out in the country. In the article ABC of companies in VenezuelaWe explain the process you must follow to incorporate a company in Venezuela. So if your business relationship depends on it, do not hesitate to contact us with any questions you may have.
3- Start your own ecommerce in the country
Another way to start doing business in the country is by setting up an ecommerce. Although the creation of a digital platform does not require a legal entity, any type of commercial operation in the country must be supported by a legal representative. So you can start with the registration of a company in Venezuela or with the constitution of a branch or franchise. Although, you will not be requested first hand, the corresponding records, as if it were a physical store, ecommerce must also have their records and documents up to date to avoid sanctions and penalties.
In that sense, Aldana & Abogados offers full training and guidance in the best business model that suits your needs. Remember with us you can incorporate or domicile your company in Venezuela, at the same time we help you to understand each business unit from a legal point of view. So you will not have any problems when you start doing business in Venezuela.
Also if you want more information or need advice on this and other issues of criminal and commercial law, do not hesitate in contact us at through our form. You can also follow us on our social networks so that you can keep updated on the legal topics that are in trend: Instagram, Facebook, Twitter y Linkedin.