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Visa: Most citizenship from West European countries and Scandinavians do not require a visa to enter/visit Venezuela when travelling directly to the country.

Buying Real State:

The purchase of real state in Venezuela is relatively easy and safe. All properties must be officially registered in the REGISTRO office of the Town Council.

The buyer and the sales agent must show their official ID, a passport or cedula de identidad to register the document. We do recommend using the service of a legal translator when foreigners purchase property.

Making business that involves real state requires a legal contract with a lawyer. It is imperative to present legal ID along with “RIF” number. Once these documents have been collected, they are taken to the notary’s office for the official signature to proceed with the deal. When the property is registered in the REGISTRO in the town council the legal document which accredits full ownership will be issued at the same time and place. This is the last step of the entire process.

If you are looking to invest in real state, we strongly recommend using the services of a reliable, trustworthy company that handles, in a professional manner, the process that involves the purchase of your investment.

We also recommend using common sense when buying real state in a different country, just as you would do when purchasing in your own country.

Why buying real state in Margarita Island?

Margarita Island is known as “The Pearl of the Caribbean”. Here are some advantages to purchase real state: the island is located in a hurricane-free zone, very reasonable prices, ease of owners to buy property, a great infrastructure with major potential for investors and a wonderful climate.

Expenses for future home owners

Future home owners must keep in mind there are expenses involved when closing a real state deal, such as lawyers’ fees, notary offices fees and revenue stamps.

The cost to register the new property is 0.5% of the total value of the property.

Taxes to pay vary between 0.1 and 0.7%. This is based on the property’s size and location.

Law

The government of Venezuela guarantees foreigners the same benefits and rights as Venezuelan citizenships.

You do not require permanent residency in the country in order to purchase real state. If you, as a foreigner, wish to remain in Venezuela for a long period, you would need to apply for a transient visa.

For further information we recommend contacting the Venezuelan Embassy in your country.