Extension of company term
Your company has a set term in its bylaws. If it's about to expire, it's a good idea to extend it. And if it has already expired, good news: in Venezuela, expiration doesn't automatically dissolve the company, so there's still a way out.
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.
- For companies whose term is about to expire and want to get ahead of it
- For companies whose term has already expired and want to keep operating
- For those whose bank, client or a government agency has flagged that the term set in their bylaws has expired
What's included and what isn't
Everything clear from the start. No fine print.
Includes
- Review of your bylaws to determine the expiration date.
- Drafting of the extraordinary shareholders' meeting minutes for the extension.
- Visado (a lawyer's sign-off required before filing).
- Filing and follow-up at the Commercial Registry until it's recorded.
- Coordination of the publication the law requires.
Does not include
- The official Commercial Registry fee (a fixed filing amount plus per-page amounts).
- The cost of publication in a commercial gazette, which is quoted separately even though it's mandatory here. Add it to your procedure ↓
- If your company has been expired for years and has overdue obligations, the cleanup is handled as Reactivation of an expired company, which is a separate service.
Add to your procedure
Check it and we include it in your quote. You decide at the end.
What you need
Check off what you already have. You don't need everything to request your quote.
You have 0 of 6.
- Company's Commercial Registry filing and articles of incorporation
- Current bylaws showing the company's term
- Most recent shareholders' meeting minutes
- Minutes book
- Cédula (Venezuelan ID card) and RIF (Venezuelan tax ID) of the shareholders
- If you don't know when your term expires, we'll find it in your bylaws
How the process works
You do very little. We take care of the rest. The whole process: on average, 8 to 12 business days.
- Step 1
You send us the bylaws
We review them, find the expiration date and tell you whether you're still on time.
You do this - Step 2
We draft
We prepare the extension minutes.
We do this - Step 3
You sign
You sign the shareholders' meeting minutes.
You do this - Step 4
We file
We file at the Commercial Registry, coordinate the publication and follow up.
We do this - Result
Done
We hand you your company with its term extended.
You receive it
For the registry filing. The publication required by law adds a couple more days.
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 official registry fee. It goes straight to the agency, and we give you the exact amount, with its receipt, before you pay anything.
How you pay: 50% when we start and 50% on delivery. In dollars, in bolívares at the official BCV exchange rate, or with Cashea.
How is your investment calculated?
Your investment has two parts, and we always break them out separately for you. Our professional fee, from $120, for the minutes and the entire process
The official Commercial Registry fee, a fixed filing amount for the minutes of about $57 to $60, plus about $3 per page. Add the publication, which the law requires here and is quoted separately. The extension doesn't carry a percentage-based fee. That fee isn't our money; the government collects it. We give you the final figure before we start, no strings attached The lawyer gives you the exact figure before you pay anything, no strings attached.
FAQ
What happens if my company's term has expired?
It didn't die. In Venezuela, expiration of the term doesn't automatically dissolve the company; it can still be extended, and you keep your RIF, your years in business and your history.
Does the price include the official fee?
No. The professional fee, from $120, covers the work; the Registry's official fee and the publication, which is mandatory in this case, are paid separately.
Can I extend after the term has expired?
Yes, the law expressly allows it.
Is publication mandatory?
Yes, in this case the law requires both recording and publication.
What's the difference from a reactivation?
An extension is for those who get ahead of the date or whose term just expired; a reactivation is for companies that have been expired for years and have a backlog to clean up.
About this procedure
Every company is born with a term written into its bylaws: twenty years, fifty, whatever the shareholders set when they formed it. Many business owners don't even remember theirs until a bank or a client points it out. And here's what almost nobody knows: many people believe that if that term expires, the company dies on its own and a new one has to be formed. That's not the case. Venezuela's Tribunal Supremo de Justicia (Supreme Court of Justice) has firmly held that expiration of the term doesn't dissolve the company by operation of law: dissolution requires the shareholders' decision and its recording. And the Código de Comercio (Commercial Code) expressly allows the shareholders to agree to extend the term, even after it has expired. So if your term is about to expire, we extend it ahead of time and you're set. And if it has already expired, there's still time to rescue the company. One important detail about this procedure: the law requires the extension agreement not only to be recorded but also published. We draft the extraordinary shareholders' meeting minutes, take them to the Commercial Registry and coordinate that publication, so your company's legal life is extended with no loose ends.
Legal framework and important notes
Código de Comercio (Commercial Code), articles 217 and 340 · Ley de Registros y Notarías (Registries and Notaries Law), article 85
- Ideally, extend before the term expires. It's cleaner and faster, and it avoids awkward questions from banks and clients
- If your company has been expired for years and has overdue obligations, what you need is Reactivation of an expired company, which cleans up the entire backlog
- In this procedure, publication isn't optional. The law requires it along with the recording
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.