Venezuela is a federal republic on the northern coast of South America, bordered by Colombia on the west, Brazil on the south, Guyana on the east, the Dutch Lesser Antilles to the north and Trinidad and Tobago to the north-east. Venezuela covers 916,445 km2 (353,841 sq mi) and has over 31 million (31,568,179) people. The country has extremely high biodiversity and is ranked 7th in the world’s list of nations with the most number of species. There are habitats ranging from the Andes Mountains in the west to the Amazon Basin rain-forest in the south via extensive llanos plains, the Caribbean coast and the Orinoco River Delta in the east.
Capital: Caracas
Currency: Bolívar soberano
Timezone: UTC-4
Corporate tax rate: 15-34%
Personal tax rate: 34%
Capital gains tax: part of income tax.
VAT: 12%
Tax residence: 183 days rule: world income is taxed with some exceptions. Citizens are domiciled in Venezuela unless they can prove otherwise.
CFC Rules: No
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