Ruling No. 2 exempts foreign individuals from the requirement of stay for obtaining the National Inv
Administrative Ruling No. 2 was published in the official web page of the Superintendence of Foreign Investments (Superintendencia de Inversiones Extranjeras – “SIEX”) on May 12, 2014. Said Ruling exempts foreign natural persons holding a resident visa in the Bolivarian Republic of Venezuela from the requirement of one (1) year minimum and uninterrupted stay in the country for purposes of requesting the National Investor Credential (Credencial de Inversionista Nacional). The rest of the requirements of article 2, number 2 letter (b) of Decree 2.095 have to be met.
The Ruling became effective upon the date of its issue.
In order to access the Ruling, please click here.
Note: The Administrative Ruling was not published in the Official Gazette pursuant to article 72 of the Organic Law of Administrative Proceedings.
“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.”