Payment in foreign currency of documents connected with migration and alien affairs
Decree No. 3.090 of the Presidency of the Republic was published in Official Gazette of September 22, 2017. Said Decree established the collection in foreign currency of all acts or documents related to migration and alien affairs, applicable to all foreigners in the territory of the Bolivarian Republic of Venezuela who have the status of non-immigrants or transients that receive provable income in foreign currency (the “Decree”).
The Decree establishes the following:
1. The Decree will be applicable to all foreigners in the territory of the Bolivarian Republic of Venezuela with the status of non-immigrants or transients that receive provable income in foreign currency, according to the legal rules on migration and alien affairs. Foreigners with a migratory status of residents or transients that receive their income in national currency are excepted.
2. The foreigners subject to the Decree must pay in dollars of the United States of America all acts or documents related to migration and alien affairs, always provided that they are established as rates in the Venezuelan legal rules that govern fiscal matters. Said payment must be made by electronic transactions through the financial entities of the Public Banking.
3. The amounts required in legal currency for the formalities in the area of migration and alien affairs must be reconverted to the equivalent at the rate of exchange in force for the payment of tax obligations and public price, which must be fixed through instruments of the Venezuelan Central Bank.
4. The Decree will become effective as from publication of the same in the Official Gazette.
In order to access the Decree, please click here.
“NOTE: THIS INFORMATION SHOULD NOT BE CONSTRUED AS LEGAL ADVICE ON ANY SPECIFIC MATTER AND ITS CONTENT ARE INTENDED AS A MANAGEMENT ALERT AS TO CURRENT DEVELOPMENTS IN VENEZUELA, ANY SPECIFIC LEGAL QUESTIONS REGARDING THE POSSIBLE APPLICATION OF NEW OR PROPOSED LEGISLATION TO PARTICULAR SITUATIONS SHOULD BE ADDRESSED TO TRAVIESO EVANS ARRIA RENGEL & PAZ.”