Expat Advice: Retiring in
Margarita Island, Venezuela
An expat who is married to a Venezuelan retired to Porlamar on Margarita Island 7 years ago. Despite the political climate, he appreciates the incredibly low cost of living in Venezuela.
What is the name of the city or town that you are reporting on?
Why did you choose to retire abroad?
Because in Australia it is impossible to live on a pension.
Are you retired abroad all year or part of the year?
Why did you choose the country you retired to?
Because the island is beautiful the climate is warm all year no storms it is cheap living and I married a Venezuelan.
Did you ever live abroad before you retired abroad?
How long have you lived abroad since you retired abroad?
7 years in Margarita Island
How many countries (other than your home country) have you lived in as a retiree?
What have been the most challenging aspects of being retired abroad?
The language barrier, customs and food have been the most challenging aspect of living in Venezuela.
What have been the most rewarding aspects of being retired abroad?
I am living like a king in Venezuela.
What would you do differently if you were just starting the retire abroad process?
If I were to move to Venezuela again, I would bring 2 containers of my belongings instead of one.
What is life like for a retiree in your city and its surroundings? (Is there an active expat community? Cultural Attractions? Recreation? Nightlife?)
At present things are quiet because of the Venezuelan government but many retired people here from all over the world. Margarita Island is a holiday island full of hotels and beaches.
What residency documents or visas did you need to obtain to retire in your host country? How difficult was this process? (Please describe)
I applied for residency after 3 years and it was very simple.
Did you buy a home or apartment, or rent one? Is this a difficult process? (Please describe)
Purchased an old hotel, which is now a very large house.
Financially, has living abroad in your host country met your expectations? Exceeded them?
Financially, I live very well because the $ has gone up 800% inflation is enormous.
What are the most important financial considerations for retiring to your host country?
Everything is cheap - petrol, electricity and water.
How much can a retiree live on comfortably in your host country?
You can retire on 200 dollars a month if you are by yourself.
Do you have access to quality medical care? (Please describe - is it close? Expensive?)
The private clinics in Venezuela are excellent.
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Is there a lot of crime where you live? (Please describe)
Well, with the financial climate the way it is you need to be careful with what you carry around with you. There are lots of telephone robberies and bag snatchings. I have lost 2 car batteries in front of the house because I was careless. Other than that, there are not many problems.
Describe available transportation where you live. Do you need a car? Is there access to safe public transportation?
There plenty of taxis and buses in Venezuela, but a car is good to have or a scooter.
Is there high-speed internet access where you live?
I have ADSL but cable TV and DirectTV are also available.
More Expat Advice about Retiring in Venezuela