Moving to Venezuela

Venezuela is an exciting place to experience expat life. From the majestic Andes and the breathtaking Great Plains to the lush grasslands and tropical Amazon basin, there are plenty of reasons for expats to be enchanted by this geographically varied country.

Living in Venezuela as an expat

The expat community in Venezuela has decreased significantly due to the political and economic instability. About eight million Venezuelans have left their country, and the foreign expat community is very small, primarily consisting of those connected to diplomatic missions, humanitarian organisations, or certain business interests. However, a number of expats, particularly those connected to the oil industry, continue to reside in the country. Expats working in Venezuela often find the business environment more informal and relaxed than in North America or Europe, but they are likely to see more corruption in the workplace as well.

Major cities such as Caracas, Maracaibo, Puerto La Cruz, Anaco and Valencia remain popular with expats. It can be beneficial for new expats to connect with existing expat communities for support and guidance during their transition to life in Venezuela.

Although Venezuela’s ongoing economic crisis has affected all sectors, the standard of private healthcare in the country can be satisfactory for those who can afford it. There are many reputable private hospitals in Caracas. That said, medical treatment is expensive, and we recommend expats get a comprehensive health insurance package.

Venezuela has its fair share of crime. Expats should be vigilant in crowded places as pickpocketing is common. It is also advisable to avoid travelling to rural areas, as these regions are particularly hazardous.

Public transport in Caracas and Maracaibo is reasonably extensive. Expats who choose to drive in Venezuela should be warned that road conditions are not always of a high standard. Expat drivers should be especially cautious when driving at night. Locals in Venezuela drive erratically, so expats should drive defensively.

Cost of living in Venezuela

Due to ongoing economic challenges and past hyperinflation, the cost of living in Venezuela is complex and variable. Inflation has decelerated, but there are still tough economic conditions. The ongoing economic crisis has led to difficulty obtaining some goods, basic necessities at times, which can impact the cost of living and quality of life.

Food costs vary significantly. Some local goods are affordable for those earning foreign currency, although imported goods and restaurant prices can be expensive relative to local wages. There are some improvements to the supply chain, but there is inconsistent availability and pricing. Despite the country’s oil reserves, ongoing economic issues can lead to fuel shortages and transportation challenges, affecting public transport and private vehicle usage.

Rent is characteristically affordable, barring the centres of major metros, and so are utilities. Of course, expats’ earning potential is less in Venezuela, so it’s all relative, but those earning foreign currency can live fairly lavish lives here.

Families and children in Venezuela

While Venezuela has a rich cultural experience and natural beauty, such as the spectacular Angel Falls and gorgeous beach towns, the ongoing economic and political instability is a challenge for families living there.

The quality of education in Venezuela has deteriorated significantly. One million children are estimated to be out of school across the country, and only five million students are in school. The education system has severe challenges, including dilapidated school infrastructure, widespread teacher shortages requiring calls for retired teachers to return, high dropout rates, and generally poor-quality education. Many schools operate only two or three days per week. There are some international schools in major cities continuing to operate, but access is extremely limited.

Expats will find that there’s always something to do to keep the children entertained during the weekend. Cities have plenty of green spaces, museums and other adventures for kids to enjoy, although we recommend that they be accompanied by a guardian at all times.

Climate in Venezuela

Situated just above the equator, Venezuela typically experiences a warm climate throughout the year. However, weather conditions can vary significantly across the country’s diverse geography, from the Andes mountains to the Amazon basin.

In most major urban areas, including Caracas, temperatures typically range from 62°F to 84°F (17°C to 29°C) year-round. The climate is consistently warm and tropical. Most of the country experiences a rainy season between May and November, and Angel Falls are most impressive towards the end of the wet season.

Moving to Venezuela will be an exciting opportunity for even the most seasoned expat. Those with an open mind and a desire to embrace this country’s lively culture are sure to have an unforgettable expat experience.

Fast facts

Population: Approximately 28.5 million

Capital city: Caracas

Neighbouring countries: Venezuela is bordered by Colombia to the west, Brazil to the south, Guyana to the east and a Caribbean coast to the north.

Geography: The country’s landscape is varied, with the Andes mountains to the west, the Amazon basin rainforest in the south, the Llanos plains in the centre, and the Orinoco River Delta in the east.

Political system: Federal presidential republic

Major religion: Catholicism

Main language: Spanish

Money: The Venezuelan Bolívar Soberano (VES) is divided into 100 céntimos. The currency has undergone multiple redenominations. ATMs are sometimes installed, but they're unreliable. There are also several security concerns, including card cloning, theft, and muggings. Many transactions are now conducted in cash or through digital payment systems. It isn’t difficult to open a bank account as long as expats ensure they provide the bank with all the required documentation.

Tipping: Five to 10 percent

Time: GMT-4

Electricity: 120 V, 60 Hz. Plugs have two flat blades, and some have an additional round prong.

Internet domain: .ve

International dialling code: +58

Emergency number: 171

Transport and driving: Driving is on the right-hand side of the road. Expat drivers should be aware of the prevalence of car-related crimes such as hijacking and theft. Venezuela has a very limited national rail system due to a lack of investment and insufficient maintenance. There are bus systems, but they are also affected by infrastructure limitations and fuel shortages.