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New regulations for the economy sectors and other areas of interest
During the months of July and August 2010, a series of regulations of great interest were published, related to different sectors of the Venezuelan economy.
 
New Regulations to take into consideration for the Internal Functioning of Enterprises
The different decrees and resolutions that were announced in the month of April are focused primarily in the rulings that were established for the authorization of foreign exchange.
 
Regulations related to the crimes of money laundering and the financing of terrorism
These regulations, whose main purpose is to establish the needed mechanisms to avoid offenses related to Money laundering and the Financing of Terrorism will come into force next September 14th of the current year.
 
Tax Reference Unit Adjustment and Minimum Wage
An increase of 25% in the minimum wage in the country was ordered by Decree, in the month of February 2010.
 
New Exchange Rate Regulations
A new official exchange rate with a dual character for the buying and selling of currency in Venezuela has become effective as of January this year.

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