About Francisco Salas Expertise Knowledge on air transportation, tourism in Venezuela and Caribbean, government organizacion, private sector investment oportunities, Venezuela logistics, Banking/Finance and Real Estate in Venezuela and Florida USA (Real Estate Broker and Mortgage Broker Lic. in Florida) Principal at Florida Home Trust Realty LLC, Miami FL.
Experience Civil Engineer, Aeronautical Engineer, Airplane Pilot Instrument rated, Master in Planning and Management
Organizations Venezuelan Chamber of Construction, Board of Directors Aeropuerto Caracas OMZ (SVCS)
Education/Credentials SM. Aeronautics and Astronautics MIT 1986
MS Infrastructure Planning and Management Stanford University 1983
MS Engineering Stanford University 1983
Civil Engineer Universidad Metropolitana 1980
Awards and Honors Sigma Xi The Scientific Research Society MIT Chapter 1985
Expert: Francisco Salas Date: 6/10/2008 Subject: Selling American Cars in Venezuela
Question I am trying to help a friend of mine who owns several car dealerships in Florida who would be interested in contacting a dealership about selling and shipping new cars to Caracas.Can you please give me an idea if this is something that can be done and if so who could we contact there? Thank you for your time.
Answer Hi Luz
Does not make sense as Venezuela has an currency exchange control.
You will bring cars into Venezuela (USD), then you pay taxes and other costs (Transportation + insurance) then you sell the cars in Bolivares and when you try to convert the Bolivares (VEB) to USD, you will NOT have access to the official exchange rate (1 USD = 2.15 VEB), your only option will be to go to the parallel market and buy the USD at over 3.40 Bs per USD.
The government gives USD at 2.15 to the assembly plants (ie. Ford, GM, Chrysler, etc...)
