RetireCaribbean has prepared a few of the questions reaching us. There are far too many to display them all. Most questions regard private property and they are by far to specific to be published.

We would like to make clear one of the most pressing points in Real-estate: Yes, it is legal to buy and hold property on a tourist visa, nevertheless it is not the best idea. Real-estate is from its idea a longer term investments, a tourist visa is issued for 60 days only. Should in any way your question not being represented here please send us an email to info@retirecaribbean.com.ve

Q: Is it easy to get a Venezuelan Residency?
A: Yes, but it has to be done in Caracas which could be quiet tedious.

Q: Does Venezuela allow double taxation?
A: Not for the following countries: Barbados, Begium, Bolivia, Canada, Chile, Czech Republic, Colombia, Denmark, England, Ecuador, France, Germany, Great Brittain, Italy, Mexico, Netherland, Peru, Poland, Portugal, Sweden, Ukraine, USA. Should you country not being in the list please contact us.

Q: How high are taxes in Venezuela?
A: Should you bring in more that 1000 Tax Units (Bs. 37.632,00 per each) per year plus the personal allowance of about 22.000.000,00Bs per year than you have to pay a 15% income tax.

Q: How much has my Venezuelan company to pay when it makes money outside of the country?
A: Depending on the net amount, in general 15% from 1 to 2000 Tax-units per year, 22% 2001 to 3000 Tax units per year and 34% should you make more than 3001 Tax units of net profit per year. Most expenses can be subtracted from the Income taxing amount.

Q: Could a tourist buy property?
A: Yes he/she could but it is not the most stable ground on the long run a residency should be made.

Q: How much has my pension to be in order to become eligible for a retirement visa?
A: You would have to make more than US$ 1200 per month for one person, with your spouse it'll be US$ 1700 per month.

Q: How is the medical treatment in a Venezuelan Hospital?
A: Depending on region and on your purse it could be quiet good.

Q: Is the weather hard to stand?
A: Well, the temperature is in the colder months around 26 degrees and in the warmer season around 29 degrees. There is rain falling in the month from December to February and occasionally there'll be rain falling around June - July. Monsoon rains are unknown and huricanes are rare and mostly rain.

Q: Does Venezuela control its currency?
A: Venezuela controls the flow of the Dollar and all other Internationally used currencies out of different reasons. The official exchange rate is 2150 for the Dollar.

Q: Is life expensive in Venezuela?
A: That depends entirely on the way You are used to eat. Eating Kellogs Cornflakes won't help to have a conveniently inexpensive lifestyle to have that you need to eat the way locals do.

Q: Is my driver licence valid in Venezuela?
A: Only until you hold a residency visa, you have to have a Venezuelan Driver licence. In any case you need a valid medical certificate in order to drive legally.