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oaktree33
  1/21/2007 20:26 EST

I am living in Toronto, Canada and want to move to Venezuela. I am retired and do not need a job in Venezuela.

Obviously I studied extensively Venezuela on the Internet. However, there are many things which can be answered only by the people who lived them.

First question: the town of Merida in Los Andes seems to me to a real good choice. True ?

Second question: Which is the general climate for business and investments ? I have no interest in real estate and am familiar with the Bolsa de Valores of Caracas. E. g. can you invest in microcredit ?

Third question: How friendly are the people there ? I just do not want to become involved in politics and political debates. Much preferred are Los Andes and the beaches on the Caribbean.

Fourt question: What about the town of San Cristobal ?


Thank you for your answers.

JeffW
  3/10/2007 14:20 EST

I too am looking at moving to Marguarita Island off the coast of Caracas....do you know anything about any business/employment opps there etc?

Thanks,
Jeff

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hardcor
  9/5/2007 18:51 EST

hi, i live in vancouver bc, righ tnow and am think ing about mvoing to marg. isl as well, have you had any contact with any locals or anything there? if so, i have simialar quistions to yours that i wuol d like some info on. canyou get aback to me plz.? ;) tx,, cory. [email protected]

chas63
  11/15/2007 08:09 EST

Hello -
As you are probably aware, the president of Venezuela has proposed a substantial change to the constitution. It will be voted on by the citizens on Dec 2, 2007 (as of this writing).

Proposed articles of particular interest to foreigners are those which change the definition of private property and those that give the state control over economic activity. Also, just yesterday the president announced that he will pass 100 new laws as soon as his reform passes. I'd wait to see what those new 100 laws will be before jumping in.

Of course, there are strict regulations on foreign exchange, in place for several years now. What this means is that you cannot freely change the local currency to Euros or Dollars - you can only do so via a parallel market, which is running around 200% of the official rate (2150 vs. 6400 as of today)

Having been in Venezuela for the last 4 months, I recommend you take a wait and see attitude until Jan 2008. If the reform passes, it goes into effect Jan 1, 2008. A new currency also goes into effect in Jan 2008 that takes 3 zeros off the Bolivar.

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