|Setting Up a Company||Venezuela||Latin America & Caribbean|
Source: Doing Business.
Source: CIA - The world factbook
|Total activity rate||-||66.00%||66.10%|
|Men activity rate||80.30%||80.20%||80.20%|
|Women activity rate||51.70%||51.60%||52.10%|
Source: UN - United Nations
A large part of Venezuelan workers do not benefit from any work contract, they are part of the informal sector. For the rest there are three types of written contracts: a contract must be signed in three copies, one for the employee, one for the employer and one that must be submitted to the Work Administration Department: see the Ministry of Labor's website.
- permanent work contract
- fixed-term work contract
- contract for a fixed-term project, the duration of which depends on the completion of the specific project
The Venezuelan trade unions are very powerful, especially in the oil industry sector. They have however been always known for their high levels of politicization and corruption.
Any Comments About This Content? Report It to Us.
© Export Entreprises SA, All Rights Reserved.
Last Updates: October 2014