...The
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yAbout
Venezuela > Business Oportunites |
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VENEZUELA - A TARGET OF INVESTMENTS
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There are plenty of trade and investment
opportunities in Venezuela and the most attractive and feasible
business are in areas related to Agriculture, Agroindustry,
Aquiculture, Audiovisual, Automotive, Electricity, Finance and Insurance,
Hydrocarbons and Petrochemicals, Forestry
Plantation, Infrastructure, Manufacture, Metallurgy, Mining,
Telecommunications, Textiles and Tourism.
The country's extensive participation in regional trade agreements
allows exportation to Latin American countries with reduced tax.
In the Andean Community, a five-country market with a population
of more than 100 million, the exportation is tax-free. Many of Venezuela's
products enjoy preferential access to North American and European
markets as well.
The strategic localization, resources diversity, modern infrastructure
and the future economic prospects make Venezuela a natural candidate
for companies in search of international investment opportunities
which guarantee long term profitability.
LEGAL
SYSTEM FOR FOREIGN INVESTMENTS IN VENEZUELA
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.Agroindustry
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Cacao
Venezuela offers investors an enticing growth potential for sectors
such as cacao production and processing since consumption levels
are comparatively low. Furthermore, associated installed capacity
is underused, opening spaces for new initiatives in the cacao-processing
sector. Venezuela's cacao production tradition is famous worldwide
thanks to its high quality and flavor. Recent liberalization reforms
in production and marketing have introduced new comparative advantages
and opened excellent investment opportunities.
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.Hydrocarbons
and Petrochemicals |
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Petroleum is the country's most well
known wealth and since the last century, it has been leading the
Venezuelan economy. In 1990, important economic reforms mirrored
the oil industry - where until very recently, private investment
reintroduction was inconceivable. Nowadays, opportunities for private
investment in the country's most important productive sector are
manifold and diversified.
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.Forestry
Plantation |
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With one of the largest exploitable
forest area in Latin America allied with a tropical climate ideal
for rapid growth, Venezuela offers high profits and low costs, making
the forestry plantation industry, for both local and broad markets,
an attractive investment sector. At present, government and industry
are working in the reform of the country's strict agrarian and land
ownership legislation, which has limited private plantation development
so far.
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.Mining |
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Thanks to its geological characteristics,
Venezuela has almost all kind of mineral resource existent in the
earth. Despite the country is among those with the highest worldwide
reserves of iron, nickel, niobium, thorium, rare earth, zinc, gold
and tantalum and the highest consumption rates of industrial minerals
in the Western Hemisphere, the wealthy deposits remains untapped.
In the last few years, due to the economic opening process and the
private investment encouragement, important mining projects have
been consolidated as substantial investments by major multinational
partnerships.
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.Telecommunications |
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Telecommunications is one of the
non-oil sectors with the fastest economic development in Venezuela.
Accrued investment in the last five years hit a breathtaking US$6
billion in total while in 1997 total investment in the sector doubled
1998's figure. This proves how attractive the sector can be and
is a clear growth indicator for sector analysis. Expected domestic
investment by the telecom industry for the next eight years ranges
from US$5 to US$10 billion.
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.Tourism |
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Venezuela is an Andean, Caribbean,
and Amazonian country thus offering plenty of options in the tourism
sector. The distance between destinations such as Merida in the
Venezuelan Andes (West) and Canaima (Southeast) is less than 1,000
km, enabling visitors to go all the way from snow-covered mountains
to plentiful rivers and tropical forests in a single day. Venezuela
can praise itself for the highest waterfall in the world (the Angel
Falls) and the largest lake in South America (the Maracaibo Lake)
while the Orinoco River is the third longest river in Latin America.
The number of tourists visiting Venezuela has grown remarkably in
the last three years.
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.Recommended
Links |
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CONAPRI
- Nacional Council for Investment Promotion (E/S) |
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FOGADE
- Tourism Investment (E/S) |
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Investment
Fund of Venezuela (S) |
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PDVSA
- Venezuela's Petroleum (E/S) |
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E: English, S: Spanish |
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