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Doing Business in Venezuela

Potential Investors:  Getting Started

If you are considering an investment in Venezuela, here are some steps you may wish to consider as you get started:

 

Current Investors:  Staying Connected

If you are a current U.S. investor in Venezuela, the U.S. Embassy wants to stay in touch.  Here are a few steps you can take to keep the channels of communication open:

  • Contact the U.S. Embassy – If you are doing business in Venezuela, let us know by sending an email to the contact address at the top of this page.
  • Add us to your mailing lists.
  • Subscribe to the embassy’s Twitter feed and “like” the embassy Facebook page.
  • Request a meeting with our economic team to discuss any issues or concerns.

 

Working in Venezuela

In this section you will find information on business visas, travel advisories, and anti-corruption tools.

Business Visas

For information on obtaining a visa to visit Venezuela, visit the website of the Embassy of the Bolivarian Republic of Venezuela in Washington, D.C.

Travel Advisories

Make sure to check the current State Department travel advisory for Venezuela.

Foreign Corrupt Practices Act (FCPA)

The Foreign Corrupt Practices Act (FCPA) is an important anti-corruption tool designed to discourage corrupt business practices in favor of free and fair markets. The FCPA prohibits promising, offering, giving or authorizing giving anything of value to a foreign government official where the purpose is to obtain or retain business.

These prohibitions apply to U.S. persons, both individuals and companies, and companies that are listed on U.S. exchanges. The statute also requires publicly-traded companies in the United States to keep accurate books and records and implement appropriate internal controls.

More information on the FCPA can be found here.

A party to a transaction seeking to know whether a proposed course of conduct would violate the FCPA can take advantage of the opinion procedure established by the statute. Within 30 days of receiving a description of a proposed course of conduct in writing, the Attorney General will provide the party with a written opinion on whether the proposed conduct would violate the FCPA.

Not only do opinions provide the requesting party with a rebuttable presumption that the conduct does not violate the FCPA, but DOJ publishes past opinions which can provide guidance for other companies facing similar situations.

More information on the DOJ opinion procedure can be found here (PDF 135 kb).

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