GetStake Logo
GetStake allows you to invest in fractional real estate in Dubai's premium properties, with investments starting from just $500.

Own shares in Dubai properties.

Affiliate disclosure
Nomad Score: 62%

Essentials

πŸ™οΈ City La Paz is the administrative capital of Bolivia, perched at an altitude of 3,650 meters (11,975 feet) above sea level, making it the highest capital city in the world.
πŸ‘₯ Population Approx. 800,000 residents as of 2023.
πŸ’» Internet Speed Average internet speed is around 10-20 Mbps, with some coworking spaces offering higher rates.
πŸ’Έ Currency & Banking Currency is the Bolivian Boliviano (BOB). Approximately 1 USD β‰ˆ 7 BOB. Many banks allow international transfers and provide services for expats.
🚰 Tap Water Tap water is not drinkable; it's recommended to use bottled water.
πŸ”Œ Power Electricity is 230V, 50Hz, with Type C and Type A/B sockets.
πŸ“Ά SIM Card Major providers include Entel, Tigo, and Viva. Prepaid SIM cards are widely available and affordable.
πŸ’³ Banking for Expats Popular options include Bancos de CrΓ©dito, Banco Nacional de Bolivia, and Banco Solidario. Mobile payment apps are also gaining traction.
πŸ›Œ Accommodation Options range from hostels to long-term rentals; Airbnb is widely used in La Paz.
πŸ’³ Cashless Friendly Some establishments accept cards, but cash is still preferred in many places.
🏠 Short Term Rentals Airbnb and local rental agencies provide various short-term housing options.
πŸ›οΈ Budget Accommodation Hostel NΓ³made and The Adventure Brew Hostel are popular budget options.
πŸ™οΈ Best Area to Stay for Tourists Zona Sur is ideal for visitors, with attractions and restaurants nearby.
πŸ™οΈ Best Area to Stay for Digital Nomads El Centro is recommended for its coworking spaces, cafes, and amenities.

Working and Networking

🏒 Best Coworking Space Commonplace is a favorite among digital nomads for its vibrant community and reliable internet.
β˜• Best Cafe for Work Cafe del Mundo offers a cozy workspace with good coffee and free Wi-Fi.
πŸ’Ό Networking Events Platforms like Meetup and local Facebook groups often list events for networking opportunities.
πŸ₯‚ Social Events for Expats Expats in La Paz Facebook Group hosts regular meetups and community gatherings.

Transportation

πŸš• Best Taxi/Ride App The app 'MUV' is popular for finding rides around the city.
🚲 Bike/Scooter Rental Bike rentals are available at local shops, and there are some electric bike options.
πŸ–οΈ Best Beach Nearby The closest beach is in Copacabana on Lake Titicaca, approximately 4 hours away by bus.
✈️ Top Regional Airline Amaszonas is a main regional carrier connecting La Paz to other Bolivian cities.
✈️ Top International Airline Avianca and LATAM Airlines provide international flights from La Paz.
πŸ›£οΈ Highway Access The main highways include the Pan-American Highway linking major cities.
πŸš‰ Main Train/Transit Hub The train station in Oruro serves as a hub for connecting train travel.
🚍 Public Transport Passes Buses are the main public transport; a ticket typically costs around 1 BOB.
✈️ Regional Travel Buses and shared taxis are common for regional travel. Services to nearby cities like El Alto are frequent.

Health and Wellness

πŸ₯ Best Hospital Hospital de ClΓ­nicas is one of the top healthcare facilities in La Paz.
🧘 Yoga & Wellness Centers Yoga en La Paz offers classes for various skill levels in a welcoming environment.
πŸ‹οΈ Gyms & Fitness Centers Basic-Fit is a popular gym option, along with local fitness studios.
🧺 Laundry Services Laundromats and laundry services are available throughout the city, with locations like Lavaseco Express.

Food and Drink

πŸ“± Best Food Delivery App Rappi and PedidosYa are popular food delivery services in La Paz.
🍽️ Best Local Dish to Try Paceña salteñas are a must-try Bolivian snack; enjoy them from local vendors.
🍱 Vegan/Vegetarian Options Great vegetarian options can be found at El Jardín and Cafe 1800.
🍫 Best Dessert Spots Mundo Dulce is known for its delicious pastries and desserts.
πŸ›’ Affordable Shopping Spots Visit the Mercado RodrΓ­guez in El Alto for affordable fresh produce and local goods.
πŸ›’ E-commerce/Online Store MercadoLibre Bolivia is the leading online marketplace.
πŸ›’ Grocery Delivery Supermercados Fidalga offers grocery delivery options.
🍸 Bar/Nightlife Area The Sopocachi neighborhood has vibrant nightlife with numerous bars and clubs.
🍻 Local Brewery La Paceña Brewery is renowned for its local beers.
🍷 Wine Bars Casa del Vino offers a good selection of Bolivian wines and tastings.
🍲 Street Food Stalls Street food is prevalent; try local snacks from vendors in the Witches Market.
πŸ• Popular International Cuisine Restaurants like Oliva serve excellent international dishes.

Culture and Attractions

🎟️ Must-See Landmarks Plaza Murillo, the main square, and the eerie Valley of the Moon are essential visits.
πŸ›οΈ Museums & Art Venues The National Museum of Ethnography and Folklore is a cultural highlight.
🏰 Historical Sites Tiwanaku, an ancient site, is a UNESCO World Heritage site near La Paz.
πŸ• Religious Sites The San Francisco Church is a significant landmark with rich history.
πŸŽ‰ Annual Events The Gran Poder Festival in June showcases traditional Bolivian culture and dance.
🎨 Cultural Districts Sopocachi is known for its artistic vibe and bohemian atmosphere.
🎭 Theater Venues Teatro Municipal Alberto Saavedra Pérez hosts various performances.
πŸ›οΈ Local Markets Mercado de Las Brujas (Witches Market) offers unique crafts and souvenirs.
🎼 Music Scene La Paz has a lively music scene, with genres from folk to rock celebrated in local bars.
🎨 Street Art Explore the colorful street art throughout the nearby neighborhood of El Alto.
πŸ§‘β€πŸ³ Cooking Classes Maha Yoga offers Bolivian cooking classes for those interested in local cuisine.
πŸ‘©β€πŸŽ¨ Art Galleries GalerΓ­a Kiosko showcases local artists and contemporary works.
πŸ•°οΈ Historic Buildings The Metropolitan Cathedral is a prominent example of colonial architecture.
🏴 Local Heritage The Andean culture is deeply rooted in everyday life, reflected in festivals and clothing.

Nature and Outdoor Activities

πŸŒ… Nearby Nature Escapes The Huayna PotosΓ­ mountain offers hiking and panoramic views.
🏞️ National Parks Nearby Madidi National Park is a biodiversity hotspot accessible from La Paz.
🚲 Cycling/Walking Paths The Death Road is famous for biking enthusiasts for its thrilling experience.
πŸŒ„ Scenic Viewpoints Mirador Killi Killi offers breathtaking views of La Paz and the surrounding mountains.
πŸ¦‰ Birdwatching Locations Lake Titicaca region is famous for various bird species including the endemic Andean flamingo.
πŸ”₯ Bonfire-Friendly Spots Certain areas near the lakes are designated for bonfires and outdoor activities.

Other Services and Amenities

πŸ“¦ Parcel Delivery Service DHL and TNT services are available for international shipping.
πŸ› οΈ Tech Repair Services Yes, local shops such as 'Electronics' offer reliable device repairs.
πŸ“ Table Tennis Spots There are table tennis clubs available in the central districts.
πŸ§‘β€πŸ« Language Classes Instituto Cultural Boliviano offers Spanish language classes for all levels.
πŸ“š Libraries & Study Spots The Central Library of La Paz is a good quiet place for studying.
🏘️ Community Centers Casa de la Cultura is a hub for cultural activities and events.
πŸ•ΉοΈ Gaming Lounges Local gaming cafes like 'Gaming House' provide a social gaming environment.
🎰 Casino & Gaming Halls Casino La Paz offers various games and entertainment options.

Business

🏒 Studio Purchase Price (City Center) Approx. $1,200 per m² (e.g., 40 m² = $48,000)
🏒 Studio Purchase Price (Outside City) Approx. $900 per m² (e.g., 40 m² = $36,000)
🏠 1-Bedroom Purchase Price (City Center) Approx. $1,500 per m² (e.g., 60 m² = $90,000)
🏠 1-Bedroom Purchase Price (Outside City) Approx. $1,100 per m² (e.g., 60 m² = $66,000)
🏑 2-Bedroom Purchase Price (City Center) Approx. $1,400 per m² (e.g., 80 m² = $112,000)
🏑 2-Bedroom Purchase Price (Outside City) Approx. $1,000 per m² (e.g., 80 m² = $80,000)
πŸ’Ό Corporate Tax Standard corporate tax rate is 25%.
πŸ’΅ Dividend Withholding Tax 35% is applied to dividend distributions.
🏦 Tax System Residents are taxed on worldwide income with progressive rates.
πŸ“ˆ Highest Income Tax Bracket The maximum personal income tax rate is 25%.
🧾 VAT Standard VAT rate is 13%.
🌐 Controlled Foreign Company (CFC) Rules Yes, there are rules governing taxation of foreign subsidiaries.
🏠 Property Tax Yes, annual property taxation is based on assessed value.
🏠 Property Transaction Tax Tax applied during property purchases is 3%.
πŸ’» Attractive Tax System for Digital Nomads There are special provisions for foreign nationals, with potential for favorable tax rates.

Feedback Thank You!

Thank you!

Your feedback has been submitted successfully.

  • Navigate
  • Tools