All you will need to buy property on Margarita when you contract our services is your passport.

Buying a property is very straightforward. Foreigners need only have a valid passport and tourist visa (plus the money, of course), and there's no limit on the number of homes that can be purchased. In effect, visitors have exactly the same purchasing rights as locally born residents.

 Nevertheless, please read our frequently asked questions regarding Margarita:

How much do I need to start investing in property on Margarita?

As little as £5000.

Are there any tax incentives associated with the purchase of a property in Margarita?

Margarita Island is a tax and duty free zone. There is also no VAT on the island. The purchaser of a property does not pay any taxes on the purchase. There is a minimal annual property tax of US$100.

How popular is Margarita as a holiday destination?

Margarita is very popular for its all year round weather, beautiful beaches and very friendly people. Playa el Yaque is one of the world’s most popular places for windsurfing. First Choice Holidays take UK holiday makers to a number of high quality all inclusive hotels.

Where do the tourists come from?

Visitors come from all over the world, the main countries are Germany, Netherlands, Spain, Switzerland, Canada, United Kingdom, Venezuela and Russia.

How easy is it to get flights to Margarita Island?

There are direct flights to Margarita from Canada, Germany, Denmark, United Kingdom, Finland, Netherlands, Russia and Argentina. The majority fly through Caracas, Venezuela, from there it is only a 35 minute flight to Margarita Island. Many airlines are now operating daily flights.

Is it easy to get around Margarita Island?

Getting around the island is very easy. There are several car rental companies, taxis are also available at low cost.

Can I live on Margarita Island and do I need to apply for residence?

Anyone can own property on the Island regardless of their nationality. You do not need to apply for a visa just fill out the card they give you on the airplane.
There is no need for a residence visa to live on the island but you will need to renew your visa every 3 months. If you plan to live permanently on the Island you need to apply for a Venezuelan residence visa.
There are two forms of residence visa: the residencia and the transeúnte.  The transeúnte is a 1-year visa that has to be renewed each year, and after 5 years of the transeúnte visa you can apply for a residencia visa.
You will have to go to Caracas and visit ONIDEX (Oficina de Identificacion y Extranjeros) to apply for your residence visa and to renew your transeúnte  visa ,  you should apply for the initial transeúnte visa at the Venezuelan consulate in your home country.  The cost of travelling to Caracas, lodging, meals and other expenses will be far more than ONIDEX charges you to process the paperwork.
If you do not speak Spanish fluently, you are better off hiring a bilingual lawyer to help you with the process of handling your application.  The offices of ONIDEX are not in a good part of Caracas, and it is not advisable to go there without someone who could provide help and keep you out of trouble.
Venezuela does not make it easy to get residence, and they don't care that the process is daunting.  This has created occasional less-than-legal opportunities because some people are willing to pay a few thousand dollars to an official to skip the transeúnte process and issue a residencia visa.  This allows the holder to obtain a Cedula (national ID card), which makes doing business a whole lot easier.  With that kind of money on the table, officials occasionally accept bribes to "streamline" the process of obtaining a visa.

Are there modern facilities on the Island?

Margarita Island has all the facilities you would expect from a vibrant holiday island. It has large modern shopping centres, with well known stores such as Bulgari, Versace and Tommy Hilfiger (all of which enjoy duty free status). There are a great number of restaurants and bars, many specialising in seafood and a large variety of international food is also available, including Japanese, Chinese and Argentinean cuisine. The island offers an excellent choice of hotels including five stars hotels with casinos. Cinemas, cultural centres, museums, amusement and theme parks can also be found. The island also has an international airport, several marinas and is a favourite stop off point for cruise ships.