Venezuela Employer of Record
Country Overview Video
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The Bolivarian Republic of Venezuela is a South American country with Spanish as its official language. Santiago Leon de Caracas – more commonly known as Caracas – is the nation’s capital and most populous city, as well as its center of industry and tourism. The country currently experiences hyperinflation at an estimated rate of over 2,000% and basic consumer goods shortages are common. Government revenues are highly dependent on oil exports, of which it has the world’s largest known reserves. An unstable political, economic and regulatory climate has led some multinationals to cease or reduce operations in the country.