Registration and update of the National Registry of Contractors
Ruling No. DG/2012/C-0003, issued by the National Contracting Service, was published in Official Gazette No. 39,995 dated August 28, 2012. The Ruling establishes the legal, technical, and financial requirements to be met by the individuals and legal entities interested in being registered or updating their registration with the National Registry of Contractors (Registro Nacional de Contratistas - “RNC”).
The Ruling establishes (i) the individuals and legal entities that must be registered; (ii) the common requirements and the legal, technical, and financial documents that must be filed, and (iii) the requirements that are not common and are to be considered by cooperatives, foreign companies domiciled in Venezuela, insurance companies and socio-productive organizations.
The Ruling repeals Administrative Ruling No. DG/2012/C-0001 dated April 3, 2012.
It became effective upon its publication in the Official Gazette.
In order to access said Ruling, 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.”