Starting a business in Venezuela

Legal Forms of Companies

Sociedad de Responsabilidad Limitada (SRL) is a Private Limited Company.

Number of partners: Minimum 2 partners.
Capital (max/min): No minimum capital required. To be entirely subscribed.
Shareholders and liability: Liability is limited to the amount of capital contributed.

Sociedad Anonima (SA) is a Public Limited Company.

Number of partners: Minimum 2 partners.
Capital (max/min): No minimum capital required. To be entirely subscribed.
Shareholders and liability: Liability is limited to the amount of capital contributed.

General Partnership

Number of partners: Minimum 2 partners.
Capital (max/min): No minimum capital required.
Shareholders and liability: Joint and several liability.

Limited Partnership

Number of partners: Minimum 2 partners, one managing partner and one silent partner.
Capital (max/min): No minimum capital required.
Shareholders and liability: Joint and several liability for managing partners, limited to the contributions for silent partners.

Business Setup Procedures

Source: Doing Business - Latest available data.