Remote’s guide to employing in

Venezuela
venezuela flag

Whether you want to hire one person or a whole team, Remote's guide to hiring employees and contractors in Venezuela can help you get started. Note that Remote's employer of record services are not yet live in Venezuela.

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  • Capital City

    Caracas

  • Currency

    Venezuelan bolívar soberano (Bs.S., VES)

  • Languages

    Spanish

  • Population size

    28,887,118

Services available in this country:
Not available
A view of a town with a mountain in the background.

Facts & Stats

Venezuela
  • Capital City

    Caracas

  • Currency

    Venezuelan bolívar soberano (Bs.S., VES)

  • Languages

    Spanish

  • Population size

    28,887,118

  • Ease of doing business

    Below average

  • Cost of living index

    N/A

  • Payroll frequency

    Monthly

  • VAT - standard rate

    12%

  • GDP - real growth rate

    -3.9 (2014)

Grow your team in Venezuela with Remote

Note that we are busy building our own entity in Venezuela to provide you with the best possible employment solutions for your employees, but our employer of record service is not yet live in this country.

To employ in Venezuela, companies must own a local legal entity in the country or work with a global employment solution. Developing the processes required to manage payroll, benefits, taxes, and onboarding in countries like Venezuela can get complicated fast, especially without localized expertise.

If you’re looking to start hiring in a country like this, partnering with a global employment solution like Remote makes it easy for your company to employ workers quickly, cost-effectively, and in full compliance with all local legislation.

In the countries where we do offer our EOR services, Remote takes on the responsibility and legal risks of international employment so you can focus on hiring great talent and growing your business.

Risks of misclassification

Venezuela, like many other countries, treats self-employed individuals or contractors and full-time employees differently. Misclassification of contractors in Venezuela may lead to fines and penalties for the offending company.

Effortless HR in Venezuela: Take the Tour

Seamlessly Manage Your Workforce, from First Hire to Final Paycheck

Competitive benefits package in Venezuela

At Remote, we’re obsessed with helping you craft the best possible employee experience for your team. We are leading the way in practicing “fair equity”, which means making sure employees everywhere have access to both the required and supplemental benefits they need to thrive (and that will allow you to attract the best local talent).

We are still busy building our own entity in Venezuela, but our benefits packages for all countries are tailored to fulfill the local needs of your employees. Typically, our packages contain some or all of the following benefits:

  • Health Insurance

  • Dental Insurance

  • Vision Insurance

  • Mental Health Support

  • Pension or 401(K)

  • Life and Disability Insurance