Venezuela has signed the World Intellectual Property Organization (WIPO) Performances and Phonograms Treaty in December 1996, but has not ratified it.

Copyright is not adequately enforced online in Venezuela. Complaints are reported for online piracy as well as unauthorized camcording and widespread use of unlicensed software. In addition, it is reported that the rate of unlicensed software installation in the country was 89% in 2017 (the second highest rate in the world and above the 52% rate of the Latin American countries), for an estimated commercial value of USD 317 million.

Venezuela has a copyright regime under the Law No. 4,638 . However, the exceptions do not follow the fair use or fair dealing model, therefore limiting the lawful use of copyrighted work by others. Art. 44 lists the exceptions, which include a work by non-profit libraries or archives, when the copy is in their permanent collection, to preserve such copy and replace it in case of need; a work for teaching or examination purposes in educational institutions, provided there is no profit motive; among others.

Venezuela has signed the World Intellectual Property Organization (WIPO) Copyright Treaty in December 1996, but has not ratified it.

Copyright is not adequately enforced online in Venezuela. Complaints are reported for online piracy as well as unauthorized camcording and widespread use of unlicensed software. In addition, it is reported that the rate of unlicensed software installation in the country was 89% in 2017 (the second highest rate in the world and above the 52% rate of the Latin American countries), for an estimated commercial value of USD 317 million.

Venezuela has a copyright regime under the Law No. 4,638 . However, the exceptions do not follow the fair use or fair dealing model, therefore limiting the lawful use of copyrighted work by others. Art. 44 lists the exceptions, which include a work by non-profit libraries or archives, when the copy is in their permanent collection, to preserve such copy and replace it in case of need; a work for teaching or examination purposes in educational institutions, provided there is no profit motive; among others.

Venezuela is not a party to the Patent Cooperation Treaty (PCT).

Venezuela is not a party to the Patent Cooperation Treaty (PCT).

Art. 19 of the Constitutional Law on Foreign Productive Investment establishes that in order to be registered, foreign investment must be for a minimum amount, CNY 6,500,000 or its equivalent in another foreign currency (approx. 940,000 USD).

Art. 19 of the Constitutional Law on Foreign Productive Investment establishes that in order to be registered, foreign investment must be for a minimum amount, CNY 6,500,000 or its equivalent in another foreign currency (approx. 940,000 USD).

Art. 35 of the Constitutional Law of Productive Foreign Investment establishes that all foreign investment must comply with several conditions, among which is to contribute to the national economic development. In this regard, Art. 40 states that the governing body has broad supervisory powers for the purpose of verifying compliance with this Constitutional Law.

Art. 35 of the Constitutional Law of Productive Foreign Investment establishes that all foreign investment must comply with several conditions, among which is to contribute to the national economic development. In this regard, Art. 40 states that the governing body has broad supervisory powers for the purpose of verifying compliance with this Constitutional Law.

The main fixed-line operator (Compañía Anónima Nacional Teléfonos de Venezuela, Cantv) is controlled by the Venezuelan government and it is reported that there is no foreign ownership allowed. On the other hand, it is reported that full foreign ownership is allowed with respect to telecommunications sector.

The main fixed-line operator (Compañía Anónima Nacional Teléfonos de Venezuela, Cantv) is controlled by the Venezuelan government and it is reported that there is no foreign ownership allowed. On the other hand, it is reported that full foreign ownership is allowed with respect to telecommunications sector.

Venezuela is not a party to the World Trade Organization (WTO) Agreement on Government Procurement (GPA), nor does it have observer status.