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Essentials

πŸ™οΈ City Caracas is the capital and largest city of Venezuela, located in the northern part of the country.
πŸ‘₯ Population Approx. 2.5 million
πŸ’» Internet Speed Average of 15 Mbps, with some areas reaching up to 40 Mbps
πŸ’Έ Currency & Banking 1 USD β‰ˆ 22.57 VES (BolΓ­vares Soberanos), cash is commonly used; banking is limited due to economic conditions.
🚰 Tap Water Not drinkable, bottled water is recommended.
πŸ”Œ Power 120V, 60Hz, πŸ”Œ Type A/B sockets
πŸ“Ά SIM Card Movistar and Digitel are popular providers with decent coverage.
πŸ’³ Banking for Expats Limited options; digital banking apps like PayPal and Revolut are recommended.
πŸ›Œ Accommodation Common options include Airbnb, local rentals, and short-term hotel stays.
πŸ’³ Cashless Friendly Limited; cash is preferred in most transactions.
🏠 Short Term Rentals Airbnb is widely used; average cost is around $20-30 per night.
πŸ›οΈ Budget Accommodation Hostel options like MDS Hostel offer budget stays from $10 per night.
πŸ™οΈ Best Area to Stay for Tourists Chacao and La Castellana are popular districts known for safety and amenities.
πŸ™οΈ Best Area to Stay for Digital Nomads El Hatillo and Las Mercedes are recommended for longer stays with coworking spaces available.

Working and Networking

🏒 Best Coworking Space COWA is a popular coworking space offering flexible plans; prices start at $10/day.
β˜• Best Cafe for Work CafΓ© Tostacao is a work-friendly spot known for good coffee and WiFi.
πŸ’Ό Networking Events Tech Meetup Caracas hosts regular events for networking among expats and locals.
πŸ₯‚ Social Events for Expats Facebook groups like 'Expats in Venezuela' are active with regular meetups and gatherings.

Transportation

πŸš• Best Taxi/Ride App Uber is available and relatively safe; local taxis are also used but should be negotiated beforehand.
🚲 Bike/Scooter Rental Some areas have bike rentals; however, usage is limited due to traffic and conditions.
πŸ–οΈ Best Beach Nearby An hour away, the coastal town of La Guaira offers beach access.
✈️ Top Regional Airline Conviasa is the national carrier for regional flights.
✈️ Top International Airline American Airlines and Copa Airlines operate international flights.
πŸ›£οΈ Highway Access Main access via the Francisco Fajardo Highway connecting various parts of the city.
πŸš‰ Main Train/Transit Hub Caracas lacks a central train station; buses are the primary public transport.
🚍 Public Transport Passes Bus fares are very cheap (from 0.25 USD); public transport passes are not commonly used.
✈️ Regional Travel Buses operate to nearby cities; services are limited and vary in quality.

Health and Wellness

πŸ₯ Best Hospital Hospital de ClΓ­nicas Caracas offers quality healthcare services.
🧘 Yoga & Wellness Centers Yoga en Caracas hosts a variety of classes for different levels.
πŸ‹οΈ Gyms & Fitness Centers Basic-Fit and Gym Fitness have several locations in the city.
🧺 Laundry Services Lava y Planchas offers affordable laundry services across the city.

Food and Drink

πŸ“± Best Food Delivery App Domicilios.com and Rappi cover various local restaurants.
🍽️ Best Local Dish to Try Arepas are a must-try; local spots like La Casa de las Arepas are popular.
🍱 Vegan/Vegetarian Options El Botanico is a well-known vegan restaurant.
🍫 Best Dessert Spots Dulce de Leche offers an array of delightful Venezuelan sweets.
πŸ›’ Affordable Shopping Spots Mercados Municipales provide fresh local produce at low prices.
πŸ›’ E-commerce/Online Store Mercado Libre is a popular e-commerce platform.
πŸ›’ Grocery Delivery Farmatodo offers grocery delivery services via their app.
🍸 Bar/Nightlife Area Las Mercedes is a vibrant nightlife district with various bars and clubs.
🍻 Local Brewery Cervecería La Venezuela produces local craft beers.
🍷 Wine Bars Casa Lila is a cozy wine bar with a local selection.
🍲 Street Food Stalls Street vendors in areas like Sabana Grande serve delicious local delicacies.
πŸ• Popular International Cuisine Restaurants like Pizzeria El Arco offer a range of international dishes.

Culture and Attractions

🎟️ Must-See Landmarks The Simón Bolívar birthplace museum is essential for understanding local history.
πŸ›οΈ Museums & Art Venues The Museo de Arte ContemporΓ‘neo is renowned for its modern art collections.
🏰 Historical Sites The Capitolio is an iconic historic building worth visiting.
πŸ• Religious Sites The Basilica de Santa Teresa is a stunning site for both tourists and locals.
πŸŽ‰ Annual Events The Carnaval de Caracas is a lively annual festival celebrated with parades and music.
🎨 Cultural Districts Altamira is known for its artistic vibe and cultural events.
🎭 Theater Venues Teatro Teresa Carreño hosts a variety of performances from ballet to concerts.
πŸ›οΈ Local Markets Mercado de Chacao is famous for fresh local produce and artisan goods.
🎼 Music Scene Live music is prevalent across many bars, especially in Las Mercedes.
🎨 Street Art Areas like Catia showcase vibrant street art by local artists.
πŸ§‘β€πŸ³ Cooking Classes Casa de la Cultura offers Venezuelan cooking classes for food enthusiasts.
πŸ‘©β€πŸŽ¨ Art Galleries Cayena GalerΓ­a focuses on contemporary Venezuelan art.
πŸ•°οΈ Historic Buildings The Teatro Municipal and Palacio de Miraflores are architectural landmarks.
🏴 Local Heritage The traditional attire and the music of Joropo reflect Venezuelan heritage.

Nature and Outdoor Activities

πŸŒ… Nearby Nature Escapes El Ávila National Park offers stunning hiking trails and nature experiences.
🏞️ National Parks Nearby Henri Pittier National Park is about 2 hours from Caracas, known for its biodiversity.
🚲 Cycling/Walking Paths Cerro El Ávila has well-maintained hiking paths.
πŸŒ„ Scenic Viewpoints The viewpoints at El Ávila offer breathtaking views of Caracas.
πŸ¦‰ Birdwatching Locations The Parque Nacional El Ávila is a popular destination for birdwatching.
πŸ”₯ Bonfire-Friendly Spots Some designated areas in El Ávila allow for bonfires (check local regulations).

Other Services and Amenities

πŸ“¦ Parcel Delivery Service Servicios de Correo de Venezuela handles parcel deliveries.
πŸ› οΈ Tech Repair Services ElectrΓ³nica Caracas offers various repair services for tech devices.
πŸ“ Table Tennis Spots Conjuro 23 is a recreational area with table tennis tables for the public.
πŸ§‘β€πŸ« Language Classes Instituto Alianza offers Spanish language courses for expats.
πŸ“š Libraries & Study Spots Biblioteca Nacional de Venezuela is a quiet place for reading and studying.
🏘️ Community Centers Casa de la Cultura provides various activities and community gatherings.
πŸ•ΉοΈ Gaming Lounges Mundo Gamer offers a venue for gaming enthusiasts.
🎰 Casino & Gaming Halls Eurobet Casino is one of the few gaming halls available.

Business

🏒 Studio Purchase Price (City Center) Approx. $1,200 per m² (e.g., 40 m² = $48,000)
🏒 Studio Purchase Price (Outside City) Approx. $800 per m² (e.g., 40 m² = $32,000)
🏠 1-Bedroom Purchase Price (City Center) Approx. $1,500 per m² (e.g., 60 m² = $90,000)
🏠 1-Bedroom Purchase Price (Outside City) Approx. $1,000 per m² (e.g., 60 m² = $60,000)
🏑 2-Bedroom Purchase Price (City Center) Approx. $1,700 per m² (e.g., 80 m² = $136,000)
🏑 2-Bedroom Purchase Price (Outside City) Approx. $1,200 per m² (e.g., 80 m² = $96,000)
πŸ’Ό Corporate Tax 15%
πŸ’΅ Dividend Withholding Tax 34%
🏦 Tax System Territorial tax system for residents.
πŸ“ˆ Highest Income Tax Bracket 34%
🧾 VAT 16%
🌐 Controlled Foreign Company (CFC) Rules Yes, strict regulations apply.
🏠 Property Tax Annual property taxation based on cadastral value.
🏠 Property Transaction Tax Approximately 1% during property transactions.
πŸ’» Attractive Tax System for Digital Nomads 0% tax on income earned from outside Venezuela.

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