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Marie Roschelle Carolina Quintero Sabino

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

Decree No. 4,630 of 14 January 20221 extends until 31 March 2022 the effect of all the exemptions of Decree No. 4,552 of 6 August 2021, which established exemptions from the payment of VAT, customs duties and customs service fees for certain categories of imported merchandise and economic sectors. We understand that the requirements to enjoy the benefits established in the Decree remain unchanged.

The Ministry of Health issued Resolution No. 137 of 2 December 2021 (“Resolution”) that establishes the guidelines for the labeling of foods for human consumption that contain (i) sugar, (ii) saturated fats and (iii) trans fats. The Resolution entered into force on 7 December 2021. The Resolution regulates the labeling of foods through the use of front labeling on the containers and is applicable to manufactured or packaged foods that are marketed in the country.

The National Executive issued Decree No. 4,622 of 9 December 2021,1 extends the validity of Decree No. 4,5252 on Optimization of Export Processes for six months (i.e., until June 2022). The purpose of the Decree is to optimize export processes by streamlining the certificates, permits and licenses required by public administration bodies and entities.

The Office of the National Superintendent of Securities authorized the issuance of a minimum of 20 million investment units and a maximum of 40 million with a nominal value of VEF 100 and with a minimum investment amount of VEF 100,000 of the first collective investment entity specialized in the real estate sector, called Fibra One, which is promoted by Fintech Valores Sociedad de Corretaje.