| LLC | Free Zone Company | PLC | Branch Office | Rep Office | |
|---|---|---|---|---|---|
| Local Name | SRL | Puerto Libre | SA | Sucursal | Oficina de representación |
| Company Setup Time | 16 Weeks | 20 Weeks | 20 Weeks | 20 Weeks | 20 Weeks |
| Bank Account Opening | 20 days | 20 days | 20 days | 20 days | 20 days |
| Government Grants Available | Yes | Yes | Yes | No | No |
| Government Contracts Bidding | Yes | Yes | Yes | No | No |
| Legal Liability | Yes | Yes | Yes | No | No |
| Client Need to Travel | No | No | No | No | No |
| Inquiry | Inquiry | Inquiry | Inquiry | Inquiry |
Corporate Structure Explained
Venezuela Limited Liability Company (Sociedad de Responsabilidad limitada or S.R.L)
- The LLC requires a minimum share capital of US$ 4 and not greater than US$ 400. The limited liability company must appoint a minimum of 1 director and 1 shareholder, who can be local or foreign national.
Venezuela Publicly Limited Company (SA)
- Our customers usually choose to set up a PLC to enter Venezuela’s market. The PLC must have at least one shareholder and one director, but it does not have a minimum requirement for paid-up capital.
The Venezuela Branch Office
- The holding company of the branch office is liable for all the activities of the branch. A branch can be wholly owned by foreign companies and is authorized to operate in the country under Venezuelan corporate law.
Venezuela Representative Office
- A representative office is limited to banking or financial activities.