Nomad Score: 48%

Essentials

πŸ™οΈ City Porlamar is the largest city on Margarita Island and serves as its main tourist hub.
πŸ‘₯ Population Approximate population is around 150,000.
πŸ’» Internet Speed Average internet speed is around 10-15 Mbps, depending on the provider.
πŸ’Έ Currency & Banking Currency is the Venezuelan BolΓ­var (VES). 1 USD β‰ˆ 25,000 VES (as of November 2024).
🚰 Tap Water Not drinkable. Use bottled water.
πŸ”Œ Power Electricity supply is 120V, 60Hz with type A/B sockets.
πŸ“Ά SIM Card Major mobile providers include Movistar and Digitel. Prepaid SIMs are widely available.
πŸ’³ Banking for Expats Many international banks are not present, but local banks like Banco de Venezuela accept cards.
πŸ›Œ Accommodation Accommodation options include hotels, guesthouses, and Airbnb listings, with prices ranging from $15 to $80 per night.
πŸ’³ Cashless Friendly Limited cashless options; cash is preferred and more widely accepted.
🏠 Short Term Rentals Airbnb is available, along with other vacation rental services.
πŸ›οΈ Budget Accommodation Budget hostels start around $10 per night in shared dorms.

Working and Networking

🏒 Best Coworking Space Coworking spaces are limited; consider working from cafes like Café Plaza.
β˜• Best Cafe for Work CafΓ© Plaza is favored for its Wi-Fi and atmosphere.
πŸ’Ό Networking Events Check local Facebook groups for expat meetups; these happen sporadically.
πŸ₯‚ Social Events for Expats Look for events in expatriate communities via social media.

Transportation

πŸš• Best Taxi/Ride App Taxi services are available locally, but no official rideshare apps operate.
🚲 Bike/Scooter Rental Limited bike/scooter rentals; consider local bike shops for rentals.
πŸ–οΈ Best Beach Nearby Playa El Agua is the most popular beach nearby, about 25 minutes by car.
✈️ Top Regional Airline Conviasa and Avior Airlines operate locally.
✈️ Top International Airline International flights are limited; most travelers connect through Caracas.
πŸ›£οΈ Highway Access Main roads connect to various areas of Margarita Island.
πŸš‰ Main Train/Transit Hub Local public transportation includes buses, but they can be infrequent.
🚍 Public Transport Passes No formal transport passes; pay per ride.
✈️ Regional Travel Buses and taxis are primary modes for regional travel; shared taxis are common.

Health and Wellness

πŸ₯ Best Hospital Hospital El EspΓ­ritu Santo is a notable healthcare facility.
🧘 Yoga & Wellness Centers Yoga classes offered at various local gyms.
πŸ‹οΈ Gyms & Fitness Centers Gyms like Fitness Center Porlamar are available.
🧺 Laundry Services Numerous laundries available in town; prices vary.

Food and Drink

πŸ“± Best Food Delivery App Local apps are limited; use WhatsApp for delivery from local restaurants.
🍽️ Best Local Dish to Try Try 'Arepas' and 'Pabellón Criollo' for local flavors.
🍱 Vegan/Vegetarian Options Sierra restaurant offers vegetarian options.
🍫 Best Dessert Spots Café Plaza for local desserts like Tres Leches.
πŸ›’ Affordable Shopping Spots Local markets in Porlamar for fresh produce.
πŸ›’ E-commerce/Online Store Online shopping is limited; use MercadoLibre Venezuela.
πŸ›’ Grocery Delivery Limited options, but local stores may offer limited delivery services.
🍸 Bar/Nightlife Area Av. 4 de Mayo has a variety of bars and clubs.
🍻 Local Brewery Cerveza La Dificil is a local brewery worth tasting.
🍷 Wine Bars Few wine-specific venues; check local restaurants for imported wines.
🍲 Street Food Stalls Street stalls sell snacks like empanadas and are popular among locals.
πŸ• Popular International Cuisine Pizzerias are common; try 'Pizzeria La Galera'.

Culture and Attractions

🎟️ Must-See Landmarks Visit the historic Fortín La Galera for stunning ocean views.
πŸ›οΈ Museums & Art Venues Museo del Caribe showcases regional art and culture.
🏰 Historical Sites Explore the colonial architecture in the town center.
πŸ• Religious Sites Cathedral of Porlamar is notable for its architecture.
πŸŽ‰ Annual Events Carnival celebrations in February are vibrant and colorful.
🎨 Cultural Districts El Valle is known for its local artisan shops.
🎭 Theater Venues Teatro de la Mar offers local performances.
πŸ›οΈ Local Markets Mercado de Porlamar is excellent for souvenir shopping.
🎼 Music Scene Local bars offer live music; check out La Casa de la Cultura.
🎨 Street Art Explore the murals around town, reflecting local culture.
πŸ§‘β€πŸ³ Cooking Classes Local cooking classes available, often highlighted in tourism brochures.
πŸ‘©β€πŸŽ¨ Art Galleries Gallery C. K. Caceres exhibits local artists.
πŸ•°οΈ Historic Buildings La AsunciΓ³n has historical significance and buildings.
🏴 Local Heritage Cultural influence from indigenous and European ancestry prevalent throughout.

Nature and Outdoor Activities

πŸŒ… Nearby Nature Escapes El Parque Nacional Laguna de La Restinga offers beautiful trails.
🏞️ National Parks Nearby Margarita Island is home to several parks including El Parque Nacional.
🚲 Cycling/Walking Paths Coastal pathways ideal for walking and biking along the beaches.
πŸŒ„ Scenic Viewpoints The viewpoint at Punta de Piedras is stunning at sunset.
πŸ¦‰ Birdwatching Locations Laguna de La Restinga is a great spot for birdwatching.
πŸ”₯ Bonfire-Friendly Spots Local beaches typically allow bonfires; check with authorities.

Other Services and Amenities

πŸ“¦ Parcel Delivery Service DHL and Correos de Venezuela operate locally.
πŸ› οΈ Tech Repair Services Local shops in Porlamar can repair basic electronics.
πŸ“ Table Tennis Spots Some community centers have table tennis facilities.
πŸ§‘β€πŸ« Language Classes Language schools offer Spanish lessons; check online listings.
πŸ“š Libraries & Study Spots Public libraries are available for study; a good option is Biblioteca PΓΊblica de Porlamar.
🏘️ Community Centers Centro Cultural de Porlamar hosts various activities for locals.
πŸ•ΉοΈ Gaming Lounges Very limited; local cyber cafes may have some gaming options.
🎰 Casino & Gaming Halls Casinos like Ocean Club are available for entertainment.

Business

🏒 Studio Purchase Price (City Center) Approx. $1,000 per m² (e.g., 40 m² = $40,000)
🏒 Studio Purchase Price (Outside City) Approx. $800 per m² (e.g., 40 m² = $32,000)
🏠 1-Bedroom Purchase Price (City Center) Approx. $1,200 per m² (e.g., 60 m² = $72,000)
🏠 1-Bedroom Purchase Price (Outside City) Approx. $1,000 per m² (e.g., 60 m² = $60,000)
🏑 2-Bedroom Purchase Price (City Center) Approx. $1,150 per m² (e.g., 80 m² = $92,000)
🏑 2-Bedroom Purchase Price (Outside City) Approx. $950 per m² (e.g., 80 m² = $76,000)
πŸ’Ό Corporate Tax 30%
πŸ’΅ Dividend Withholding Tax 15%
🏦 Tax System Based on income; expatriates may have specific requirements.
πŸ“ˆ Highest Income Tax Bracket 30%
🧾 VAT Standard VAT rate is 16%.
🌐 Controlled Foreign Company (CFC) Rules Yes, applicable for foreign subsidiaries.
🏠 Property Tax Annual taxation may apply, based on property value.
🏠 Property Transaction Tax Around 2% to 5% during property purchases.