Economic Overview
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Venezuela Economy – overview
http://www.indexmundi.com/venezuela/economy_overview.html
Venezuela remains highly dependent on oil revenues, which account for roughly 96% of export earnings, about 45% of budget revenues, and around 12% of GDP
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Venezuela Overview – World Bank
http://www.worldbank.org/en/country/venezuela/overview
On the economic front, Venezuela has benefited from the historically high international oil prices of the past decade, which have enabled increased government spending on ambitious programs.
Industry Trends & Business Climate
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Doing Business in Venezuela
http://www.doingbusiness.org/data/exploreeconomies/venezuela/
This site summarizes Doing Business 2015 data for the República Bolivariana de Venezuela
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World Bank: Socialist Venezuela
http://latino.foxnews.com/latino/money/2013/10/31/venezuela-is-one-worst-countries-in-world-to-start-business-while-us-one-best/
A new World Bank report paints a stark portrait of the business climate in Venezuela while looking optimistically at neighboring Colombia, as well as Mexico and even Guatemala.
Establishing a Presence
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Starting a Business in Venezuela
http://www.doingbusiness.org/data/exploreeconomies/venezuela/starting-a-business
This site from the World Bank is a detailed summary of the bureaucratic and legal hurdles faced by entrepreneurs wishing to incorporate and register a new firm in Venezuela. It examines the procedures, time and cost involved in launching a commercial or industrial firm.
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Setting up your Business in Venezuela
http://www.kreston.com/_assets/doing%20business/doing%20business%20in%20venezuela%202014.pdf
This site addresses the question: What type of Business Structure should we use?
- Starting a Business in Venezuela http://www.doingbusiness.org/data/exploreeconomies/venezuela/starting-a-business
Taxes
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Venezuela Personal Income Tax Rate
http://www.tradingeconomics.com/venezuela/personal-income-tax-rate
The Personal Income Tax Rate in Venezuela stands at 34 percent.
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venezuela – KPMG
https://www.kpmg.com/global/en/issuesandinsights/articlespublications/thinking-beyond-borders/documents/venezuela.pdf
Resident individuals in Venezuela will pay taxes on their income of any origin. Nonresident individuals will be subject to tax on
the earnings that are sourced or have originated in Venezuela - Venezuela Sales Tax Rate http://www.tradingeconomics.com/venezuela/sales-tax-rate
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Venezuela Corporate Tax Rat
http://www.tradingeconomics.com/venezuela/corporate-tax-rate
The Corporate Tax Rate in Venezuela stands at 34 percent.
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Paying Taxes in Venezuela
http://www.doingbusiness.org/data/exploreeconomies/venezuela/paying-taxes/
This site provides a detailed summary of the taxes and mandatory contributions that a medium-size company must pay or withhold in a given year, as well as measures of administrative burden in paying taxes
Visas
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Venezuela – US Department of State
http://travel.state.gov/content/passports/english/country/venezuela.html
See “Entry, Exit & Visa Requirements
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Visa policy of Venezuela
https://en.wikipedia.org/wiki/Visa_policy_of_Venezuela
Visitors to Venezuela must obtain a visa from one of the Venezuelan diplomatic missions unless they come from one of the visa exempt countries
Infrastructure
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Telecommunications in Venezuela
https://en.wikipedia.org/wiki/Telecommunications_in_Venezuela
This site discusses telephone, broadband and internet services in Venezuala
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Getting around Venezuela on local transport
http://www.lonelyplanet.com/venezuela/transport/getting-around/local-transport
A summary of all forms of public transportation in Venezuela
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Venezuela Public Transportation
http://www.hoteltravel.com/venezuela/guides/transport.htm
Public transportation
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Venezuela – Telecom Market Trends
http://www.budde.com.au/Research/Venezuela-Telecom-Market-Trends-Key-Statistics-and-Regulatory-Overview.html?r=51
With economic slowdown, high inflation and falling prices for the country’s key export commodity, the general outlook for 2015 is not promising. Nevertheless, the country’s telecom market is expected to grow steadily, led by 3G and LTE services as well as by satellite-based pay TV services and the nascent IPTV sector.
Employer Obligations
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Labor Market Regulation in Venezuel
http://www.doingbusiness.org/data/exploreeconomies/venezuela/labor-market-regulation
This site provides a detailed summary of some of the labor regulations that would apply to local entrepreneurs wishing to hire workers, organize working schedules, or make workers redundant for economic reasons in Venezuela.
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Venezuela Employers Beware
https://www.littler.com/venezuela-employers-beware-new-regulations-establish-additional-wage-and-hour-requirements
As of May 7, 2013, employers in Venezuela must comply with the new wage and hour law established one year ago under Venezuela’s employment law reform act, known as the Organic Law of Labor and Workers
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Employment and employee benefits in Venezuela
http://us.practicallaw.com/3-503-0509
A Q&A guide to employment and employee benefits in Venezuela.
Culture/Living
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Cost of Living in Venezuela
http://www.numbeo.com/cost-of-living/country_result.jsp?country=Venezuela
Cost of living information includes price indices for rent, food, utilities, transportation, restaurants, clothing and more
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Business Etiquette – Venezuela – Language, Culture, Customs and Etiquette
http://www.kwintessential.co.uk/resources/global-etiquette/venezuela-country-profile.html
See “Etiquette & Customs” on this site
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Safety – Venezuela – US Department of State
http://travel.state.gov/content/passports/english/country/venezuela.html
Go to “Safety and Security” on this US Department of State site
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Safety – Venezuela 2015 Crime and Safety Report
https://www.osac.gov/pages/ContentReportDetails.aspx?cid=17137
Despite recent government efforts to curb firearms, Venezuela is the most weaponized place in the world. In a country of 29 million people, there is roughly one gun for every two people. There is no evidence to indicate criminals are specifically targeting U.S. citizens.
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Climate – Venezuela Weather, Climate and Geography
http://www.worldtravelguide.net/venezuela/weather-climate-geography
Venezuela’s location perched 8° above the equator, means it generally enjoys a balmy warm climate. Temperatures don’t fluctuate wildly, hovering between 26°C (79°F) and 28°C (82°F) and making the country something of an all year round destination. The coastal regions on the Caribbean feel balmiest, and the lowland areas also enjoy a tropical climate.
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Climate – What Is the Climate Like in Venezuela?
http://traveltips.usatoday.com/climate-like-venezuela-109083.html
Venezuela rests firmly in the tropics, making the South American country void of traditional seasons. But the mix of Caribbean coastline with the Andes Mountains and Guiana Highlands throws some variation into how the weather feels in different areas.
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Education – Facts on Venezuela’s Education System
http://axisoflogic.com/artman/publish/Article_26257.shtml
The standard of education in Venezuela is among the highest in the region. Of Venezuelans aged 15 and older, 93.4% can read and write, one of the highest literacy rates in the region. Although the Venezuelan education system is overextended and underfunded, the Venezuelan government remains committed to the idea that every citizen is entitled to a free education.
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Cost of Living – What living in Venezuela costs
http://www.cnbc.com/2015/02/06/what-living-in-venezuela-costs-as-inflation-soars.html
The value of Venezuela’s bolivar is falling, and locals are paying more and more for goods.
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Business Etiquette – Venezuela – International Business Etiquett
http://www.cyborlink.com/besite/venezuela.htm
The dos and don’ts of business etiquette in Venezuela
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Education – Venezuela Education System
http://www.classbase.com/countries/venezuela/education-system
This site describes all levels of public education in Venezuela
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Holidays and observances in Venezuela
http://www.timeanddate.com/holidays/venezuela/
National and bank holidays and observances
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Demographics -Venezuela Demographics Profile
http://www.indexmundi.com/venezuela/demographics_profile.html
Demographic information includes population, quality of life, health, sports, technology, energy and the environment
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Demographics of Venezuela
http://www.123independenceday.com/venezuela/demography.html
Statistics indicate that Venezuela is the sixth most populous country in the South American continent. More than 85% of the population lives in the urban area primarily in the northern part due to its rich fertile land.
Trade
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Venezuela customs
https://venezuela.visahq.com/customs/
Import tariffs, documentation procedures and restrictions
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SICE: Countries: Venezuela : Trade Policy
http://www.sice.oas.org/ctyindex/VEN/VENagreements_e.asp
Information on trade agreements in force by country
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Bolivarian Republic of Venezuela and the WTO
https://www.wto.org/english/thewto_e/countries_e/venezuela_e.htm
This site provides key information on the Bolivarian Republic of Venezuela’s participation in the WTO. The Bolivarian Republic of Venezuela has been a WTO member since 1 January 1995 and a member of GATT since 31 August 1990.
Housing and Rentals
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Caracas Hotels, Hostels & Accommodation
http://www.lonelyplanet.com/venezuela/caracas/hotels
Hotel and apartment options in cities in Venezuela
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Where to stay in Venezuela – World Travel Guide
http://www.worldtravelguide.net/venezuela/hotels
A guide to hotels, hostels, campsites and other accomodations
Travel
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Lonely Planet Venezuela
http://www.lonelyplanet.com/venezuela#ixzz3k1eGUYyQ
Venezuela is a land of stunning variety. The country has Andean peaks, endless Caribbean coastline, idyllic offshore islands, grasslands teeming with wildlife, the steamy Amazon and rolling savanna punctuated by flat-topped mountains called tepuis.
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Venezuela Travel Guide and Travel Information
http://www.worldtravelguide.net/venezuela
Expert Venezuela travel guide including detailed information about everything you need to know about Venezuela.