FONACIT registration
We register your company as a contributor with FONACIT in the SIDCAI system, the first step in complying with the LOCTI science and technology law. From $65.
Requesting a quote doesn't commit you to anything
- You tell us about your case. It's free.
- We send you the price in writing, within 1 to 3 hours.
- You decide. If it works for you, we start. If not, you delete it with one click and pay nothing.
No one will pressure you. Your information is used only for your case.
Is it for you?
If any of these sounds like you, this procedure is for you.
- Companies (legal entities) that carry out economic activity in Venezuela, exceed the LOCTI revenue threshold, and must register as contributors with FONACIT in the SIDCAI system
What's included and what isn't
Everything clear from the start. No fine print.
Includes
- Checking whether your company qualifies as a LOCTI contributor.
- Handling the registration with FONACIT in the SIDCAI system.
- Company registered as a contributor.
- Groundwork ready for filing the contribution.
Does not include
- The annual LOCTI contribution filing (separate service: LOCTI filing).
- FONACIT's electronic compliance certificate (separate service: FONACIT compliance certificate).
- Payment of the contribution, which is the company's responsibility.
- Catching up on earlier periods that were skipped (quoted separately).
What you need
Check off what you already have. You don't need everything to request your quote.
You have 0 of 5.
- Company's current RIF (Venezuelan tax ID)
- Fiscal year details and annual gross revenue
- Articles of incorporation and bylaws (documento constitutivo) or Registro Mercantil (Commercial Registry) record
- Legal representative's details
- Your contact details to coordinate
How the process works
You do very little. We take care of the rest. The whole process: on average, 4 to 7 business days.
- Step 1
We check whether you qualify
We confirm whether your company exceeds the threshold and qualifies as a contributor.
We do this - Step 2
We gather your details
We collect the information and documents.
We do this - Step 3
We handle it in SIDCAI
We process the registration in FONACIT's SIDCAI system.
We do this - Result
Done
You're ready to file the contribution.
You receive it
Depending on the response from the system of FONACIT (national science and technology fund).
What it costs and how to pay
There are two separate payments, and we want you to see them clearly.
Our fee: we do all the work for you.
The agency's fees, if any. It goes straight to the agency, and we give you the exact amount, with its receipt, before you pay anything.
How you pay: You pay once, when we start. In dollars, in bolívares at the official BCV exchange rate, or with Cashea.
How is your investment calculated?
Your investment covers our handling of the registration. What you pay us, professional fees from $65 to check your contributor status and register you in SIDCAI. It's adjusted to your case
Registration has no government fee; the LOCTI contribution itself is paid by the company based on its revenue The accountant gives you the exact figure before you pay anything, no strings attached.
FAQ
What happens if I exceed the LOCTI threshold and never registered?
You may be carrying years of omissions with fines, and FONACIT detects it by cross-checking with SENIAT (Venezuela's tax and customs authority). Getting compliant before they find you costs much less.
Who has to register?
Companies that exceed the LOCTI gross revenue threshold (art. 30).
How much does it cost?
The professional fee, from $65, covers the full registration in SIDCAI; FONACIT charges no official fee to register.
Where do you register?
In FONACIT's SIDCAI system.
And if I never registered?
You may be carrying years of omissions with fines; it's best to get compliant, and we'll walk you through it.
About this procedure
LOCTI, the Ley Orgánica de Ciencia, Tecnología e Innovación (Organic Law on Science, Technology and Innovation), creates a contribution that many midsize and large companies don't even know applies to them, until FONACIT comes knocking. The law requires a contribution from legal entities, public or private, that carry out economic activity in Venezuela and exceed the annual gross revenue threshold set in article 30 of the law. If your company is in that range, registering as a contributor with FONACIT, through the SIDCAI system, is the first mandatory step, and from then on you have to file and pay the contribution.
The typical issue is that this is a silent contribution: no monthly bill shows up the way the electric bill does, so it gets forgotten or ignored, until the company needs a compliance certificate, faces an audit or wants to contract with the government, and finds out it's carrying years of omissions with their fines and interest. Starting with the right registration is what keeps that hole from opening.
We get you registered and in order: we check whether your company qualifies as a contributor, handle the registration with FONACIT in the SIDCAI system and leave you ready to file the contribution. The price starts at $65 and is adjusted to your case. An accountant reviews your situation and confirms before we start, no strings attached.
Legal framework and important notes
- Registration with FONACIT (SIDCAI system) is the first step under LOCTI
- Legal entities with annual gross revenue above the threshold in art. 30 of LOCTI (100,000 tax units, U.T. / the exchange-rate equivalent under the amended law) must contribute
- The contribution ranges from 0.5% to 2% of gross revenue depending on activity
- Skipping it carries fines and interest
- Catching up on earlier periods is quoted separately
We guarantee our service, not what the agency decides. If something depends on them, we tell you clearly and in time.
Is your case different?Ask us, message us on WhatsApp or book a free consultation. A real person answers you.