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Doing Business in Venezuela 2026

02 March 2026 by Baker McKenzie - Venezuela

As Venezuela is transitioning into a new chapter of its history new investment opportunities may appear on the horizon. In this edition of Doing Business in Venezuela we present a comprehensive guide designed to help global investors, companies, and decision makers understand the legal and regulatory framework of the country.

News & Analysis

Venezuela: Hydrocarbon Fuels Benefit from Temporary Tax Relief

02 March 2026 by Baker McKenzie - Venezuela

On 9 January 2026, Decree No. 5,207 (“Decree”) was published in Official Gazette No. 43,292, under which the sales and imports of hydrocarbon fuels were exonerated from VAT, import tax, customs duties and "any other tax, rate or special contribution applicable".

News & Analysis

Luxembourg: Baker McKenzie Luxembourg Appoints Two Counsels — Antonio Merino and Chiara Bardini

08 August 2025 by Baker McKenzie - Luxembourg

Baker McKenzie Luxembourg is pleased to announce two significant appointments within its market-leading Tax Practice Group, reinforcing its commitment to delivering top-tier expertise and fostering talent.

News & Analysis

Luxembourg: Clearer and broader tax framework announced for carried interest to attract fund managers

08 August 2025 by Baker McKenzie - Luxembourg

On 24 July 2025, Draft Bill No. 8590 was introduced before the Luxembourg Parliament. It proposes to clarify and broaden the tax treatment of carried interest in Luxembourg to make it more aligned with the alternative investment fund (AIF) industry trends.

News & Analysis

Venezuela: Baker McKenzie Venezuela advises Bardinet on strategic acquisition of Cacique Rum Brand from Diageo

01 August 2025 by Baker McKenzie - Venezuela

Baker McKenzie Venezuela is pleased to announce its role as legal counsel to Bardinet, S.A. in its successful acquisition of the renowned Cacique rum brand from Diageo plc. This strategic transaction marks a significant milestone in Bardinet's expansion into the Latin American market and reinforces its position as a leading global spirits company.

News & Analysis