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Venezuela
Latin America
Lucky Nomads World Index
49.48 / 100
0.70
Global rank
#218
Corporate tax
34%
Personal tax
34%
Lucky Nomads Proprietary Indices
22 scoring dimensions scored independently using a deterministic methodology built on primary sources and structured analytical inference.
- SafetyShield Index3.4 / 10
- Affordability Index8.3 / 10
- Entry Ease Index4.7 / 10
- Tax Freedom Index4.2 / 100.8
- WiFi Index6.5 / 10
- Admin Ease Index2.9 / 10
- Healthcare Index7.0 / 10
- City Comfort Index6.9 / 10
- WeatherComfort Index6.0 / 10
- Banking Index5.1 / 10
- GeoStability Index3.3 / 10
- Justice & Order Index2.4 / 10
- Quality of Life Index6.5 / 10
- Open Society Index4.0 / 10
- Flight Index2.6 / 10
- Environmental Quality Index6.7 / 10
- English Index4.2 / 10
- Wealth Protection Index4.9 / 10
- AI Access Index2.1 / 10
- Economic Openness Index2.6 / 10
- Market Depth Index6.2 / 10
- ClimateShield Index5.9 / 10
Country snapshot
- Capital
- Caracas
- Population (approx.)
- 28,500,000
- Area (km²)
- 916,445 km²
- Currency code (ISO 4217)
- VES
- Currency name
- Venezuelan bolivar soberano
- Main airport IATA code
- CCS
- Airport name
- Simon Bolivar International Airport
General facts
- Minimum monthly cost
- From $736/month
- Main languages
- Spanish
- Jurisdiction type
- Country
- Region
- Latin America
- Web TLD
- .ve
- Phone calling code
- +58
Web TLD and phone codes are general references and can differ for territories or special numbering plans.
Tax system
- Marginal CIT (corporate income tax)
- 34%Very highWorldwide
- Marginal PIT (personal income tax)
- 34%HighWorldwide
Corporate taxation basis: Worldwide. The country generally taxes worldwide income of resident companies.
Resident companies are taxed on worldwide income since the 2001 reform that ended the prior territorial regime under Ley de Impuesto sobre la Renta. Foreign tax credits are available under domestic rules and a limited DTA network of approximately 30 treaties.
Standard ISLR rate is a progressive scale up to 34 percent on taxable corporate income, with a 50 percent rate applying to hydrocarbons and related oil sector entities under the Ley Orgánica de Hidrocarburos. Effective burden is heavily distorted by the partial suspension of the inflation adjustment system for Sujetos Pasivos Especiales (since 2018) and by the IGTF transaction tax overlay on foreign currency payments (3 percent).
Personal income tax basis. Worldwide. Resident individuals are generally taxable on their worldwide income, subject to relief under applicable tax treaties.
Resident individuals (183-day test) are taxed on worldwide income, with foreign-source income generally captured unless exempt under a DTA. Capital gains are taxed as ordinary income except for sales of Venezuelan-listed shares (1 percent flat withholding on sale price). Domestic dividends are taxed separately at 34 percent flat on the positive book-fiscal income spread, with treaty reductions to 10, 5 or 0 percent available.
Progressive ISLR for individuals ranges from 6 percent to 34 percent at the top bracket, with thresholds expressed in Tax Units (Unidades Tributarias, UT) whose value is set administratively ( for 2025). The hyperinflation context heavily distorts the real burden, and bracket UT values are revised periodically by the SENIAT.
Tax percentages here are editorial reference figures for comparison, not individualized tax advice.
Special tax regimes
For companies
Special Economic Zones Regime (ZEE)
AvailableVenezuelan Special Economic Zones (Zonas Económicas Especiales, ZEE) regime created by the Ley Orgánica de las Zonas Económicas Especiales (LOZEE)…
You either qualify for Venezuela's special tax regimes, or you don't. GeoCompass determines your eligibility, highlights the applicable conditions, and helps estimate your potential tax exposure.
Check my eligibilityVisa and mobility
Your access
Visa need and length of stay for Venezuela. Saved on your device.
Overview
- Citizenship by investment
Not currently available
- Residence by investment
Available
- Remote work visa (digital nomad visa)
Not currently available
Programmes
Venezuela lists several residency and mobility routes across residence by investment, business founder routes, work (employer sponsored), retirement routes, family and dependant routes, and student and graduate routes. Lucky Nomads tracks these programmes as editorial reference points. Thresholds, documents, and personal eligibility are evaluated in GeoCompass against your exact profile.
7 programmes listed · 7 are marked available in our editorial review
Residence by investment
1 programmeCapital, property, fund, or declared investment routes that can lead to longer-term residence.
- Available
Visa de Transeúnte Inversionista (TR-I)
Business founder routes
1 programmeFounder, entrepreneur, or company-linked pathways for people building a business locally.
- Available
Visa de Transeúnte Empresario/Industrial (TR-E-I)
Work (employer sponsored)
1 programmeEmployer-linked permits and skilled employment passes for hired professionals.
- Available
Visa de Transeúnte Laboral (TR-L)
Retirement routes
1 programmeRetirement-age or pension-linked residence options.
- Available
Visa de Transeúnte Rentista (TR-RE)
Family and dependant routes
2 programmesSpouse, dependant, and family reunion style permits.
- Available
Visa de Transeúnte Familiar (TR-F)
- Available
Visa de Transeúnte Familiar Venezolano (TR-FV)
Student and graduate routes
1 programmeStudy-linked permits and post-study transition routes.
- Available
Visa de Transeúnte Estudiantil (TR-E)
Not all residency routes are accessible. Some require minimum income, investment thresholds, local substance, or strict eligibility conditions. GeoCompass evaluates which options you can actually secure in Venezuela.
Evaluate my residency optionsVisa and programme labels reflect editorial research, not individualized legal advice. Thresholds, documents, and personal eligibility are evaluated in GeoCompass. Always confirm rules with official government sources before you plan a move.
Dimensions breakdown
Strongest dimensions
- Affordability Index8.3 / 10Very affordable cost of living
- Healthcare Index7.0 / 10Adequate healthcare for most needs
- City Comfort Index6.9 / 10Moderate urban amenities and comfort
Weakest dimensions
- AI Access Index2.1 / 10
- Justice & Order Index2.4 / 10
Published ranks by index
One row per leaderboard we publish (the composite index plus each proprietary dimension). A rank appears only when this country is currently in the published top 10 for that list. Open a row to see the full ranking. Hover an index name for the same short definition as elsewhere on the site.
This jurisdiction is not in the published top 10 on any of these lists right now.
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Founder, Lucky Nomads · Wealth manager
Researched from official sources, leading global indices and Lucky Nomads' own scoring.
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