Money Converter - Convertitore di Monete - Conversor de Monedas

Venezuela has a government who, depending on your view, is either hated or loved. This has caused a decrease in foreign investment, especially because of the American campaign against the President Chaves. We think that this is the right moment to invest in Venezuela. interest paid to non-residents. There is a 0.05% tax on financial transactions, though dividends are tax-free. Luxury goods are liable to a 20% tax. The good news for foreigners is that it has also caused a devaluation which has made the cost of living very reasonable in dollar, Euro or Sterling terms. Also all tourist places are very peaceful. Safety and security for tourists here are better than in many other vacation spots and certainly far better than in most major cities throughout the world. President Chaves has given a big input to the tourism business that has increased last year. We can generally say that tourist and foreign investors are over protected under the President Chaves government. Gas, by the way, is only US$0.042 per litre (US$0.16 US gal) for 95 octane unleaded. Residents and non-residents may invest in Venezuelan real estate, directly or indirectly. You will need a RIF (Registro de Información Fiscal) or NIT for companies, granted by a local organism (SENIA) and that consist with an evidence and number.  It is obtained with the presentation of a copy of the passport or identification card and filled in a special form. Conversion and Repatriation Policies There are very few exchange controls in Venezuela. Profits, royalty payments and capital repatriation are fully permitted at free market rates. All repatriation restrictions have been removed. The only exception to this is debt-to-equity exchanges, which is governed by special rules. Tax Liabilities Venezuela levies a progressive income tax. In Venezuela, the maximum income tax rate for individuals and corporations is 34%. Venezuelan law does not differentiate between foreign and Venezuelan-owned companies, except in the petroleum sector. Capital gains are taxed as normal income. A 5% tax is withheld at the source onf tax credits for up to five years.