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

Dubai real estate from $500.

Affiliate disclosure
Nomad Score: 43%

Essentials

πŸ™οΈ City Maracaibo is the capital of the Zulia state in Venezuela, known for its rich oil industry and vibrant culture.
πŸ‘₯ Population Approximately 1.5 million.
πŸ’» Internet Speed Average speeds of 5-10 Mbps, but this can vary based on provider and location.
πŸ’Έ Currency & Banking Currency is the Venezuelan BolΓ­var (VES). 1 USD β‰ˆ 5,000 VES (as of April 2025).
🚰 Tap Water Not drinkable; bottled water is recommended.
πŸ”Œ Power Electricity runs at 120V, 60Hz, and uses Type A/B sockets.
πŸ“Ά SIM Card Main providers include Movistar and Digitel, offering prepaid plans with internet data.
πŸ’³ Banking for Expats Cash transactions are common; credit/debit cards might not be widely accepted.
πŸ›Œ Accommodation Options include local rentals through platforms like Airbnb or local real estate websites.
πŸ’³ Cashless Friendly Limited; cash is commonly preferred.
🏠 Short Term Rentals Airbnb has several listings in Maracaibo; prices range from $15 to $50 per night.
πŸ›οΈ Budget Accommodation Hostel La Casa offers beds starting at $10 per night.
πŸ™οΈ Best Area to Stay for Tourists The Marbella area is popular for its proximity to the lake and restaurants.
πŸ™οΈ Best Area to Stay for Digital Nomads The city center, with cafes and coworking spaces, is ideal.

Working and Networking

🏒 Best Coworking Space Cowo Maracaibo, known for its reliable internet and comfortable workspaces.
β˜• Best Cafe for Work Cafe La Rue is popular among digital nomads for its ambiance and Wi-Fi.
πŸ’Ό Networking Events Venezuelan Digital Nomad community often organizes meetups; check local Facebook groups.
πŸ₯‚ Social Events for Expats Expats in Maracaibo Facebook groups facilitate community gatherings.

Transportation

πŸš• Best Taxi/Ride App Taxi services like Uber operate within the city, though traditional taxis are widespread.
🚲 Bike/Scooter Rental BiciMaracaibo offers bike rentals for local exploration.
πŸ–οΈ Best Beach Nearby La Cienaga is a nearby lake access area, approximately 30 minutes’ drive away.
✈️ Top Regional Airline Conviasa operates regional flights.
✈️ Top International Airline Copa Airlines offers international connections from Maracaibo.
πŸ›£οΈ Highway Access Direct access to the Pan-American Highway.
πŸš‰ Main Train/Transit Hub Train services are limited, reliance on buses is common.
🚍 Public Transport Passes Public transport mainly involves buses and taxis; no specific transit passes available.
✈️ Regional Travel Buses run to several cities, including Caracas.

Health and Wellness

πŸ₯ Best Hospital Hospital Coromoto is one of the main healthcare facilities in the area.
🧘 Yoga & Wellness Centers Yoga Maracaibo offers various yoga classes and wellness workshops.
πŸ‹οΈ Gyms & Fitness Centers Fitness Centers like Gym V are available, with membership options.
🧺 Laundry Services Lavarropas Maracaibo offers laundry services at reasonable rates.

Food and Drink

πŸ“± Best Food Delivery App PedidosYa is the most used food delivery service.
🍽️ Best Local Dish to Try Try the arepas and patacones, local staples.
🍱 Vegan/Vegetarian Options Café Paseo has good vegetarian menus.
🍫 Best Dessert Spots Heladería La Nacional for delicious ice creams.
πŸ›’ Affordable Shopping Spots Chinatown Market offers affordable local foods and goods.
πŸ›’ E-commerce/Online Store Local options include MercadoLibre but with limited selection.
πŸ›’ Grocery Delivery Supermercados Central offers grocery delivery services.
🍸 Bar/Nightlife Area La Lago area is vibrant for nightlife.
🍻 Local Brewery Cervecería Zulia offers locally brewed beers.
🍷 Wine Bars Enoteca Vino offers a selection of wines from the region.
🍲 Street Food Stalls Street vendors throughout the city sell hot empanadas and other local snacks.
πŸ• Popular International Cuisine Pasta Checco offers good Italian cuisine.

Culture and Attractions

🎟️ Must-See Landmarks Lake Maracaibo and the iconic β€œEl Puente” are must-visit sites.
πŸ›οΈ Museums & Art Venues The Vereda del Lago Cultural Center hosts various exhibits.
🏰 Historical Sites Casa de la Historia offers insights into Maracaibo's history.
πŸ• Religious Sites Basilica de Nuestra SeΓ±ora de ChiquinquirΓ‘ is a significant religious site.
πŸŽ‰ Annual Events Festival de la Virgen de ChiquinquirΓ‘ held in November is a highlight.
🎨 Cultural Districts Old Town offers vibrant streets and local art.
🎭 Theater Venues Teatro Baralt is a historic theater showcasing local performances.
πŸ›οΈ Local Markets Mercado Las Pulgas is bustling with local crafts and foods.
🎼 Music Scene Maracaibo has a lively music scene, particularly with traditional gaita music.
🎨 Street Art The city showcases impressive murals and street art throughout various neighborhoods.
πŸ§‘β€πŸ³ Cooking Classes Cooking classes for traditional Venezuelan dishes are offered at local culinary schools.
πŸ‘©β€πŸŽ¨ Art Galleries GalerΓ­a de Arte de Maracaibo exhibits local artists.
πŸ•°οΈ Historic Buildings The Palacio de Gobierno is an important historical landmark.
🏴 Local Heritage Maracaibo's cultural symbols include the gaita music and traditions celebrating the lake.

Nature and Outdoor Activities

πŸŒ… Nearby Nature Escapes CiΓ©naga de Zapara offers natural scenery and wildlife observation.
🏞️ National Parks Nearby Sierra de PerijÑ National Park is accessible for wildlife and nature enthusiasts.
🚲 Cycling/Walking Paths The Vereda del Lago offers scenic paths along the waterfront for walking and cycling.
πŸŒ„ Scenic Viewpoints El ChururΓΊ viewpoint provides stunning views of the lake.
πŸ¦‰ Birdwatching Locations CiΓ©naga de los Olivitos is known for its diverse bird species.
πŸ”₯ Bonfire-Friendly Spots There are designated areas in Parque del Este for bonfires.

Other Services and Amenities

πŸ“¦ Parcel Delivery Service DHL and local courier services offer delivery options.
πŸ› οΈ Tech Repair Services Tech service shops are available in local malls for electronic repairs.
πŸ“ Table Tennis Spots Centro Deportivo La Lago has recreational tables available.
πŸ§‘β€πŸ« Language Classes Language schools like Instituto Venezolano offer Spanish classes.
πŸ“š Libraries & Study Spots Biblioteca Central de Maracaibo offers a quiet place for study.
🏘️ Community Centers Fundación para la Cultura y el Arte hosts various community events.
πŸ•ΉοΈ Gaming Lounges Gaming lounges are scarce; local cafes often host gaming events.
🎰 Casino & Gaming Halls Casino Maracaibo is the place for gambling entertainment.

Business

🏒 Studio Purchase Price (City Center) Approx. $700 per m² (e.g., 40 m² = $28,000).
🏒 Studio Purchase Price (Outside City) Approx. $500 per m² (e.g., 40 m² = $20,000).
🏠 1-Bedroom Purchase Price (City Center) Approx. $650 per m² (e.g., 60 m² = $39,000).
🏠 1-Bedroom Purchase Price (Outside City) Approx. $450 per m² (e.g., 60 m² = $27,000).
🏑 2-Bedroom Purchase Price (City Center) Approx. $600 per m² (e.g., 80 m² = $48,000).
🏑 2-Bedroom Purchase Price (Outside City) Approx. $400 per m² (e.g., 80 m² = $32,000).
πŸ’Ό Corporate Tax Corporate Tax rate in Venezuela is 34%.
πŸ’΅ Dividend Withholding Tax 30% withholding tax applies to dividend distributions.
🏦 Tax System Venezuelan residents are taxed on their worldwide income.
πŸ“ˆ Highest Income Tax Bracket Maximum personal income tax rate is 34%.
🧾 VAT Value Added Tax is 16%.
🌐 Controlled Foreign Company (CFC) Rules Yes, there are CFC rules applicable.
🏠 Property Tax Property tax is based on local municipal regulations.
🏠 Property Transaction Tax Approximately 1.5% of the property's value.
πŸ’» Attractive Tax System for Digital Nomads Digital nomads can benefit from certain exemptions and lower regulatory burdens.

Feedback Thank You!

Thank you!

Your feedback has been submitted successfully.

  • Navigate
  • Tools