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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.

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