Primarily adopted by the National Congress of 1811, it consists of three horizontal equally proportionate stripes of yellow, blue and red.  Yellow stands for nobleness, love, power, sovereignty and the richness of the territory. Blue for loyalty, justice, perseverance and the ocean that separates from them from the Motherland. Red for honour, bravery, strength, greatness and the blood for all who fought for during the fight for independence.

The seven arced stars represent the seven united provinces who signed the Act of Independence on July 5, 1811 being Caracas, Cumaná, Barcelona , Barinas, Margarita, Mérida & Trujillo.

On official buildings, military units and ships, the flag carries the coat of arms on the corner, centred horizontally on the yellow band.