GENERAL BUSINESS
OVERVIEW
Venezuela ranks among the top countries in Latin America in terms of investment potential, since natural resources and an idyllic geographic location make Venezuela a magnet for foreign investment. In this web page we have focused on presenting those areas of business opportunity, in which our AlProTeS team has the greatest skills and expertise.
As in every country, the success of foreign investment depends largely on the initial structuring of the project. Therefore, the selection and integration of well-informed project advisors is essential.
Local teams, with experience not only in the technical and management aspects of the project, but also well informed regarding the legal and logistics environment of the country are important factors in the success of an investment.
Given the above, in addition to our support in technical and managerial tasks, we consider it necessary to also provide comprehensive advice on all aspects related to the formulation and execution of projects in Venezuela, with particular emphasis on services regarding the legal and tax framework, and logistics issues.
Regarding the formation of companies, it is necessary to register with several local government agencies, as well as state authorities such as the Ministry of Labor and the National Housing and Habitat Bank, among others.
Although the cost and procedures involved coincide largely with the OECD standards, the Property Registry is another task that requires knowing the procedures and institutions in which to carry out the respective procedures.
Venezuela has formulated different mechanisms for the promotion of investments, including reductions and tax exemptions, as well as the formation of special economic zones.
An in-depth knowledge of these incentives is necessary in order to apply them to the business to be addressed, which would undoubtedly have a positive impact on the respective financial analyses.
As explained previously, one of Venezuela’s great comparative advantages for attracting foreign investment for industrial projects is the availability of clean and renewable electricity.
Our AlProTeS work team has the skills, expertise and knowledge of the Venezuelan electricity market necessary for the formulation and assertive negotiation of Power Purchase Agreement (PPA).
Additionally, we are also able to provide the necessary assistance for the negotiation of natural gas and industrial water supply contracts under competitive conditions.
One aspect that is also of interest to potential investors when they wish to carry out ventures in a country is to be able to count on local logistical support.
Issues such as being able to select companies that provide quality services at competitive prices, recruitment of personnel for specific tasks, leasing or purchase of infrastructure for the establishment of offices or industrial buildings, acquisition of raw materials and supplies, etc., are several of the topics in which our AlProTeS work team has sufficient knowledge of the logistics environment of the country, to optimize these tasks.
BUSINESS WITH EXISTING COMPANIES
Venezuela is open to negotiations not only for the establishment of new ventures, but also regarding investments and partial or total participation in already existing industries.
In this sense, it is of vital importance to have a work team that knows in detail the conditions related to such negotiations, and that can carry out comprehensive diagnoses that allow an in-depth evaluation of all technical, legal, environmental, labour conditions, etc., of these companies.
These preliminary evaluations, which our AlProTeS team is capable of carrying out, are essential to prepare the necessary economic feasibility studies to make the best possible decision regarding the negotiation strategy to be applied, and the decisions to be taken.
LAND FOR CONSTRUCTION
Another aspect of particular importance to undertake the formulation, economic evaluation, and construction of an industrial project is obtaining the ideal land for such purposes, and at competitive prices.
In this sense, our AlProTeS team is able to advice on all the necessary logistics and legal management, as well as on the technical aspects required for the evaluation of the land according to the type of infrastructure to be built.
