Our Expertise
Managing a global workforce in Venezuela
Our team is equipped with the knowledge to manage the complexities of Venezuelan labor laws, offering comprehensive solutions to meet your business needs effectively and efficiently.
Extensive expertise
Our team of experienced, knowledgeable staff collectively provide up-to-date employment information across 180 countries, so you can always get accurate advice.
Entity-free employment
Feel free to hire employees from all over the world without being weighed down by setting up entities, running complex payroll or recruiting a hiring team.
Payroll without hassle
Have the confidence that your staff will always be paid accurately and on time, so that you can focus on your core business activities and work towards your success.
Always-on support
Access helpful, relevant, personalised advice whenever you need it, along with expert-led recruitment policies and tried-and-tested HR best practices.
"With TopSource we were able to have employees hired or maintained in Nutreco without having to establish an entity in these countries for only 1-2 employees. I think most countries are covered by TopSource, so they can help us with almost all cases. Good advice on conditions and direct contact with employees. Invoicing done directly to the company. An easy process compared to hiring employees by ourselves."
Annette van Duijnhoven
”We searched the market for a local payroll vendor in 2014 and we chose TopSource as our partner. We were looking for error-free and timely payroll processing and TopSource Worldwide delivers this, saving us time and money. We have worked together for 8 years now and would recommend them to anyone."
Praveen Lihinar
Personalised Employer of Record services in Venezuela
TopSource Worldwide offers personalised Employer of Record (EOR) services tailored to meet the specific needs of your business in Venezuela. This includes handling employee onboarding, payroll processing, tax compliance, employee benefits management, and HR support. Our EOR services ensure that your business meets all legal and regulatory requirements, providing a hassle-free solution to manage your Venezuela-based employees.
End-to-end Venezuela payroll services
Looking to expand into Venezuela? Our unparalleled expertise in global payroll services ensures that your business can seamlessly navigate the complexities of payroll on a global scale, supporting your Venezuela expansion initiatives.
Global entity management
Venturing into the [Venezuelan market can be both exciting and challenging. With distinct business regulations, cultural nuances, and economic landscapes, it's essential to have a clear roadmap for your business establishment journey.
Accounting
Whether your goal is to process your purchase-to-pay transactions with minimum errors or manage your expense claim procedure, our team of experts can handle your accounting responsibilities, allowing you to focus on your core business and save time and money.
Global EOR services
Managing a diverse global workforce can be complex. This is where TopSource steps in as an invaluable employer of record services partner for companies seeking to expand their global reach while ensuring compliance with local employment laws and regulations.
Global Expansion Simplified
How to do business in Venezuela
Entering the Venezuelan market presents a mix of excitement and challenges. Given unique business regulations, cultural intricacies, and economic dynamics, a well-defined roadmap is crucial for a successful business establishment.
TopSource Worldwide is with you at every stage. Whether it's navigating local regulations or facilitating seamless operational transitions, our expertise ensures a swift and efficient process for establishing your business in Venezuela.
Venezuela Insights
Key insights into Venezuela's landscape
VAT rates: Venezuela has a standard VAT rate of 16%, with reduced rates applicable to certain goods and services.
Ease of Doing Business rank: Venezuela ranks low in the Ease of Doing Business, indicating significant challenges in business operations.
Consumer Confidence Index: The Consumer Confidence Index in Venezuela reflects the economic instability and market fluctuations.
Employee maternity/paternity leave: In Venezuela, maternity leave is granted for 26 weeks, while paternity leave is 14 days.
Employee termination period: Termination notice periods in Venezuela can vary, often influenced by the contract terms and labor laws.
Employee salary pay date: Employee salaries in Venezuela are typically paid bi-monthly, on the 15th and last day of the month.
Bank holidays: Venezuela observes numerous national holidays, which can impact business operations due to closures.