Venezuela is a country located in South America on the northern coast. The country’s economic freedom score is 24.8 making it the 176th freest country in the 2022 list. Venezuela has seen an improvement in its GDP since 2021.
There is no law for severance pay in Venezuela. Based on collective bargaining, both parties can choose the severance pay.
Visa and Immigration
In order to work in Venezuela, an individual must require a Work permit. The employer must apply to the Venezuelan Ministry of Labor for a work permit on behalf of the employee. Additionally, the work permit has to be authorized by the Ministry of the Interior and Justice.
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