Cost of Opening a Company in Venezuela
Maintenance, compliance and exit for entities already established
Formation Cost
$3,500
Cost of Opening a Company in Venezuela
NavviPal's fee to form your company in Venezuela is a flat $3,500, charged once. The table below breaks down every NavviPal service fee for Venezuela — formation, banking support, back office, local representation, and annual compliance — so you know exactly what NavviPal charges before you commit to anything.
Estimated Cost Breakdown
| Component | Description | Amount | Billing |
|---|---|---|---|
| Company formation | Incorporation, registry filing and tax ID. | $3,500 | One-time |
| Bank account opening | Support opening a corporate bank account with a local institution. | $500 | One-time |
| Accounting and bookkeeping | Monthly ledger, reconciliations and reporting. | $400 | Monthly |
| Tax compliance | Monthly and periodic tax filings. | $350 | Monthly |
| Treasury | Payment runs and bank reconciliation. | $350 | Monthly |
| NavviPal platform | Entity records, deadlines and documents, per entity. | $99 | Monthly |
| Legal representative | Named local representative before the tax authority, registry and banks — a required part of the managed service in every market. | $12,000 | Annually |
| Registered address | Statutory address and official correspondence. Switch off if you have your own premises. | $2,000 | Annually |
| Annual legal compliance | Statutory filings, minutes and corporate records. | $2,500 | Annually |
| Annual fiscal compliance | Annual tax return and statutory accounts. | $2,750 | Annually |
One-time formation fee
$3,500
Recurring cost per year
$33,638
Year one total
$37,638
Year one total assumes the full managed service for one entity, including bank account opening. Recurring per year excludes one-time costs.
What Affects the Cost
NavviPal's fee is a flat rate per market, not an estimate — three things change what you'll actually pay:
Formation complexity: markets with more involved incorporation requirements sit in a higher pricing tier, which sets the one-time formation fee.
Number of entities: every recurring service line (accounting, tax, treasury, platform, local representation, compliance) is charged per entity.
Optional services: payroll and, where offered, shareholder representative are billed only if you select them — they are not part of the totals below.
These are NavviPal's own published rates, approved internally and current as of our latest pricing review. They are exclusive of local taxes and third-party government or registry fees — notary, apostille, translation, and similar costs — which vary by market and provider and are not included here.
Frequently Asked Questions
How much does it cost to set up a company in Venezuela?
The one-time cost to set up a company in Venezuela is $3,500, NavviPal's flat formation service fee. Add the $500 bank account opening fee and the typical upfront cost totals $4,000.
What is the total cost to run a company in Venezuela in the first year?
The total first-year cost for a company in Venezuela, covering formation, bank account opening, and a full year of recurring services, comes to $37,638. That breaks down into $3,500 for formation, $500 for the bank account, and $33,638 in recurring costs for the year.
What are the ongoing costs of maintaining a company in Venezuela?
After formation, a company in Venezuela pays $400 a month for accounting, $350 for tax support, $350 for treasury, and $99 for platform access. Annually, it also pays $12,000 for local representation, $2,000 for a registered address, and $2,500 plus $2,750 for legal and fiscal compliance filings.
What affects the cost of setting up a company in Venezuela?
Three things determine the total: the formation complexity tier for Venezuela, which sets the one-time formation fee; the number of entities, since every recurring service line is charged per entity; and optional services like payroll or a shareholder representative, which are billed only if selected and aren't part of the standard totals.
Does the cost to set up a company in Venezuela include government or notary fees?
No. These figures are NavviPal's own published service fees. They exclude local taxes and third-party government, registry, notary, apostille, or translation costs, which vary by market and provider and aren't included in NavviPal's pricing.
Ready to form your company in Venezuela?
Talk to our team for a written scope of work, or run the numbers yourself in the interactive calculator.