On 18 November 2014, Venezuela's new  Foreign Investment Law was published in the special edition of the Official Gazette. The law  supersedes the Law on Investment Promotion and Protection. The main aspects of the Law are as follows: Regulatory Authority The National Center for Foreign Trade (CENCOEX) assumes authority for the regulation of foreign investment qualification and registration in general, while the Ministry of Petroleum and Mining, the Superintendence of Banks, the Superintendence of Insurances and the Superintendence of Securities have authority for foreign investment in the respective sectors. Minimum Investment Amount and Period Standard minimum investment is USD 1 million or...