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List of incentives available in this location for quick easy reference below.

Incentives

Table key

• Incentive offered
• Incentive not offered
• Did not submit information

Cash grants/incentivesMore [+]Less [-]
Investment Promotion and Protection Law (1999): government is to provide conditions that favor investments and investors, fostering investment in given sectors or regions, offering conditions that will draw investments. The Executive Branch of government can design the specific policies for granting incentives or benefits. Legal Stability Agreements: guarantee the investment a set of stable financial conditions for the duration of the agreement.
Tax exemptionsMore [+]Less [-]
New investments in industry, services and research: income-tax rebate equivalent of 10% on new investments.   Tourism:   An income tax rebate up to seventy-five percent (75%) on any new investment for construction of hotels, tourism services of any kind; or and training of workers. An income tax rebate up to seventy-five percent (75%) on any new investment for tourism and recreation purpose in rural or suburban areas. Preferential rates for fuel. Special rates for public services provided by the state. Fish-Farming and fishing livestock: An income tax rebate will be granted for 80% of the value of new investments. Import Duty Drawbacks reimbursement of tariffs levied on merchandise used in producing products for export. Temporary entrance of merchandise or temporary exporting merchandise low fees. Other tax rebates on any kind of tax (income, value added, import duty) might be approved by the government. Duty Free Zones for industries, service and commerce.
Property assistance / other fiscal incentiveMore [+]Less [-]
There are specialized services in property, site and infrastructure assistance.
Training and labor market assistanceMore [+]Less [-]
There are specialized on line services that offer labour market assistance, and many companies that offer training in different areas.
Loan guarantees, cheap loans or finance
Exemptions from regulations
Target sectorsMore [+]Less [-]
Oil Sector Information Technology (IT) Sector Tourism
Sectors specific incentivesMore [+]Less [-]
An income-tax rebate equivalent of 10% on new investments applies for IT and others sectors. Tourism, an income tax rebate calculated on up to seventy-five percent (75%) of the amount spent on any new investment for the construction of hotels, guesthouses and inns; to provide tourism services of any kind; or for the instruction and training of workers.

Sponsorship

If you are the authorised promotions agency for Venezuela and would like to have your location highlighted on fDi Atlas, you can contact our sales team on + 44 (0) 207 775 6667 or contact us here.