Venezuela is officially known as the Bolivarian Republic of Venezuela. It is an extremely bio-diverse country in South America and is one of the top oil exporters in the world. Managing employees in Venezuela can be complicated, but our cloud-based payroll with customized reporting gives you real-time access to payroll costs across all countries and currencies.

Labor and Payroll Considerations in Venezuela:

  • Fixed-term employment contracts must be written
  • Standard work week is 40 hours, but nightshift workers are limited to 35 hours per week
  • Overtime work is permitted in certain circumstances
  • Social security tax contributions are withheld from employee pay and submitted monthly
  • Employers must also contribute to social security
  • Minimum wage is currently 150,000 VEF per month
  • Foreign workers need a work visa and permit to live and work in Venezuela

Simplify operations in Venezuela with Blue Marble payroll solutions. Our cloud-based payroll technology with customized reporting gives you real time access to your payroll costs across all countries and currencies, and our hybrid service model gives you a US-based service team and in-country experts to help when questions come up. Get started and see how easy global payroll can be: click here to learn more