With the recent death of Hugo Chavez, many investors expected to see some economical reforms for the oil country, his successor Nicolas Maduro has had a difficult year with inflation above 50% and corruption among the world's largest,PDVSA (the main revenue of the country) a few years ranked second in the list of 250 largest oil companies in the world, doesn't even figures on that list, then the question is, is it worth investing?. The answer is yes, but only if you know where and how.

Let's put things in perspective , Venezuela has a complex system of currency exchange, regulated by government agencies , which allocate dollars based on the priorities of the country, that being said, a retail business that requires imported products should formalize a request dollars to the entities responsible for assigning foreign exchange with the international provider invoice, this process can take months, and in addition to that the entity could assign a lower amount than requested or not assign any amount at all, considering that your products are not a priority for the nation, this forces the business to purchase foreign currency in the black market which is penalized by the state.

During the 15 years the government of Venezuela has been characterized by being overtly populist , subsidizing services and products such as gasoline and electricity, gasoline costs about 0.058 USD per gallon and electricity about $ 0.021 per kWh, now wait a minute ! This is too cheap why don't we just buy gas and sell it in another country ? , well this price is only intented for the national market so It is illegal to export, now let say your business needs some energy consumption, be it gas or electricity for a long period of time, perhaps Venezuela should be the right place for you.