Caracas, Venezuala

What do I need to know before retiring in Venezuela?

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When we asked people what advice they would give someone preparing to move to Venezuela, they said...

"In general terms people in this city are nice and kind. But you shouldn't trust everybody. Personal Security must be in your mind everytime you go out especially if you go on foot (without car), because delinquency is a serius issue here. Subway is safer than autobus unlike other countries. And if u have to take the bus avoid western routes. Indeed avoid getting around on the west part of the city and lower class zones because are the most risky," remarked another expat in Caracas, Venezuela.

"Before retiring in Venezuela, expats should be aware of the current political and economic situation in the country. It is important to research the cost of living and the availability of goods and services in the area they plan to live in. Expats should also be aware of the crime rate in Venezuela and take necessary precautions to ensure their safety. Additionally, expats should familiarize themselves with the local culture and customs to ensure a smooth transition into their new home. Lastly, expats should make sure to obtain the necessary visas and permits to legally reside in Venezuela," said a member in Venezuela.

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Other Questions:

What do I need to know before retiring in Venezuela?

If you live in Venezuela, newcomers to Venezuela would love to hear your answer to this question.

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About the Author

Betsy Burlingame Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.

Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.

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SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
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SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
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