Margarita Island is the most beautiful of Venezuela’s 22 islands and sits outside the hurricane belt.

It is blessed with 320 days of sunshine per year and warm tranquil waters & clean sandy beaches.

“Tax Free” status of the island.

Low cost of living – cheap petrol, cheap food, no taxes, no VAT and virtually no property tax.

Property prices 70% lower than other Caribbean islands, modern infrastructure, shopping centres, casino’s, golf and a vibrant night life

Great island facilities with two 18 hole golf courses and plans for a 350 million dollar (US) formula 1 racing circuit - completion 2008.

Holding onto your property means you benefit from one of the fastest growing markets in the Caribbean, with capital appreciation highest of all caribbean islands.

Venezuela has the 2nd fastest growing economy in the world after China with a 162% stock market increase in 2005. It has one of the most modern infrastructure of all of the caribbean islands.

Good rental prospects with the local tourist board stating that there is an 11,000 bed accomodation shortage on the island.

Direct flights from Manchester and Gatwich - Approx 9 hours

Frequently Asked Questions

Can I get there easily?

Yes, Venezuela is served by several airline carriers, these include, Air France, First Choice, Alitalia, British Airways, Iberian, KLM, as well as charter flights from Belgium, Germany and Spain. Venezuela is a 3 hour flight from Miami, 5 hours from NYC and is served by AA, United, Continental and Delta, the Venezuelan airline Servivensa (direct from NY and Miami and Aeropostal (direct flights from Orlando). A further option is to fly to the mainland, where a range of international airlines fly into Caracas, the capital of Venezuela.  Margarita Island is a 35min onward flight.

What about security in Margarita?

 Because it’s a small island there is little serious crime, petty crime is a problem on many Caribbean islands, so common sense and a little street savvy will keep your personal belongings safe.  As a foreigner in the city you will be stopped by Police in your car and asked for your papers, so remember to carry your passport when travelling. Talking of safety there are no drink/drive laws on the island so watch out when walking on a Friday night, as the pavements and the road are considered one and the same!

Is there Infrastructure?

The facilities are similar to every big city in the world with at least a dozen big shopping centres, supermarkets and shopping malls. There are a great number of restaurants and bars, mostly seafood, but you’ll also find Japanese, Chinese and Argentinean. Yachts and Yachting is a big pastime on Margarita Island and Marina’s exist for all levels of yachts and boats. The international airport offers facilities for private planes and there are a few historical museums, cultural centres and cinemas.  Isla Margarita golf club has two 18 hole course and is playable 365 days a year due to the exceptional climate.  Every hole with a stunning view of the sea.

What about Healthcare?

There is excellent private healthcare in Margarita.  There is also plenty of private home help for those needing extra care.

Taxes

Isla Margarita is a duty free island with no VAT, no wealth and no local income taxes.  Property taxes are negligible.  Capital Gains Tax and personal income tax for non residents are both 34%.

Personal income tax for residents ( tax brackets)

Up to $16k                  6%
$16-$24k                     9%
$24-$32k                     12%
$32-$40k                     16%
$40-$48k                     20%
$48-$64k                     24%
$64-$96k                     29%
Over $96k                   34%

Corporation Tax Brackets:

Up to $32k                  15%
$32- $48k                    22%
Over $48k                   34%

Is it a Safe investment?

Property on Margarita made the headlines in the UK when England cricket captain Michael Vaughan announced that he had bought a four bedroom Villa with a private pool in Piedra Negra in the north of the island. Since then there has been a great deal of attention paid towards Margarita both from tourists and property investors.

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