"It is a highly scrutinized contribution": Companies continue to make contributions for pensioners and retirees
The first vice president of the Federation of Chambers and Associations of Commerce and Production of Venezuela (Fedecámaras), Tiziana Polesel, indicated that there are some agreements that must be reviewed between Venezuela and Colombia, in order to achieve fair and equitable trade. Banca y Negocios Likewise, she stressed that for a company to participate in [...]
TL;DR
- Venezuelan companies are heavily scrutinized for their contributions to pensioners and retirees.
- Companies face a high tax rate, estimated to be around 60%, including national, municipal, and gubernatorial taxes, plus other contributions.
- There are significant delays in registration and notary processes, preventing companies from accessing financing and credits.
- Some companies have waited up to 8 months to register assembly documents.
- Trade relations between Venezuela and Colombia need revised agreements for fairness and equity.
- Tourism is identified as a key area for new business opportunities in Venezuela.