Adopts new foreign investment law

On 29 December 2017, the Bolivarian Republic of Venezuela published the new Constitutional Law on Foreign Productive Investment in the Official Gazette Nº 41.310. It aims to establish the principles, policies and procedures that regulate foreign investment in goods and services and to promote productive and diverse foreign contribution to existing productive capacity in the country. The law also sets a number of conditions for foreign investment, including that foreign investors may not participate directly or indirectly in the national political debate or contribute directly or indirectly to the formation of opinion on topics of public interest in the media, nor make any kind of contributions to public or private institutions, non-governmental organizations, civil associations or natural persons, without the consent of the competent body in the area.

• Type:

  • Treatment and operation (Operational conditions )

• Industry:

  • Not industry specific

• Sources:

  • Venezuela al Dia, "Rojito" regime prohibits foreign investors from revealing Venezuela's situation, http://www.venezuelaaldia.com/2018/01/06/regimen-rojito-prohibe-inversionistas-extranjeros-revelar-situacion-venezuela/, 06 Jan 2018
  • Finanzas Digital, Gaceta Oficial N° 41.310: Ley Constitucional de Inversión Extranjera Productiva, http://www.finanzasdigital.com/2018/01/gaceta-oficial-n-41-310-ley-constitucional-inversion-extranjera-productiva/, 02 Jan 2018
  • Gaceta Oficial, Ley Constitucional de Inversión Extranjera Productiva, http://www.gaceta-oficial.com/2018/01/pdf-ley-constitucional-de-inversion.html#axzz55HTiJ95Z, 29 Dec 2017