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In brief

Pursuant to the Organic Law of Special Economic Zones1, the National Executive issued on 10 August 2023 Decree Nos. 4,838; 4,839; 4,840; and 4,841 (“Decrees“)2. The Decrees create the Special Economic Zone (SEZ) of the Federal Dependency La Tortuga Island, adapt the Special Military Economic Zone No. 1 of the State of Aragua3 and SEZ of Peninsula Paraguaná of the state of Falcón, and create the SEZ of the State of La Guaira, respectively.

The Decrees became effective on 10 August 2023.

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Click here to read the Spanish version.

1 Organic Law of Special Economic Zones, published in the Official Gazette No. 6,710 on 20 July 2022. For more information click here:

2 Published in the Official Gazette No. 6,756 on 10 August 2023.

3 The Special Military Economic Zone No. 1 of the State of Aragua differs from the Special Military Economic Zone for Forestry Development “ZEEMDEF” created by the Decree No. 4,392 published in Official Gazette No. 42,034 on 22 December 2020, mainly in the productive sectors of development as ZEEMDEF is limited to forestry activities without a defined incentive system, while the Military SEZ No. 1 focuses on several sectors with a structured incentive system. In addition, both have different governing bodies, competent authorities and organizational structures.


Manuel Marín has been with Baker McKenzie since 1998 and became partner in 2002. Prior to joining the Firm, he served as chief attorney of the tax division of Legislación Económica, and held varios management positions in the Venezuelan Customs and Tax Administration (SENIAT). Manuel has authored and co-authored various key publications and has spoken extensively in several customs and tax seminars and conferences. He has been a trade and customs professor in the advanced program for counseling and tax administration at the Universidad Metropolitana (UNIMET), and has given extension courses in the Universidad Central de Venezuela (UCV), the Universidad Católica Andres Bello (UCAB), and the Escuela Nacional de Administración y Hacienda Pública (ENAHP).


Marie Roschelle Carolina Quintero Sabino is an Associate in Baker McKenzie, Caracas office.

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