FREQUENTLY ASKED QUESTIONS

1. We are an American company interested in exporting/importing products to/from Venezuela. Can the Embassy give me a list of exporters or importers, or specific information as to how to do business in Venezuela?

The Embassy does not have a database of Venezuelan companies. As such, we normally forward questions to corresponding governmental institutions that may be capable of providing the required information. We recommend contacting one of the organizations listed in Economic and Social Development section of the website; they have more information about business and trade, and specific information about the industry you are interested in.

2. We are an American company that will soon begin exporting to Venezuela. What fees must we pay?

Seniat is the Venezuelan institution in charge of establishing and collecting regulatory fees. We recommend reading the Seniat website.

3. We are a foreign company doing business in Venezuela. We are aware of foreign exchange controls. What procedures do we need to follow regarding these controls?

Cadivi is the Venezuelan institution in charge of the administration of foreign currency. Cadivi has established quoats for foreign exchange that depend on the country’s import needs in each sector. For more specific information about your sector, please visit  Cadivi´s website.

4. We are a company interested in doing business in Venezuela. What procedures must we follow to register our company in your country?

Please visit the section titled “Foreign Investment in the Bolivarian Republic of Venezuela”

5. We are a company interested in buying oil and oil derived products, as well as in providing services to the Venezuelan oil industry. Who should we contact?

PDVSA is Venezuela’s state oil company. They are in charge of extracting, refining, producing, and selling oil and oil derived products.

Furthermore, the company has different subsidiaries that provide the services and products it requires. We invite you to visit  PDVSA´s  website for more information as to how to acquire their products.

Additionally, if you are in the U.S., we suggest contacting PDVSA Services Inc. in Houston at the following address:

PDVSA Services Inc.

11490 Westheimer Rd. Suite 800

Houston, TX 77077

Telephone: 281.531.0004

Fax: 281.588.6991

6. I am a student doing a project about Venezuela. Can you give me information about the Venezuelan economy, including data such as macroeconomic indicators, Venezuela – U.S. trade statistics, as well as health data and poverty alleviation programs, among others?

Please visit  the Economic and Social Development section located on “Critical Issues“, or see the “Economic Indicators” section  for macroeconomic indicators. For information about trade, visit the “How to Export and Import” section . For more information about our health, education and poverty alleviation programs, please visit the “Social Missions” section.

You can also contact the Venezuelan Central Bank (Banco Central de Venezuela) and the Organization for Social Management for more information.