Caracas is a Hidden Gem for Expats

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Join us in today's video, as we explore why Caracas, the vibrant capital of Venezuela, is becoming a hidden gem for expats. Learn about moving to Caracas, living options, banking, taxes, lifestyle, and more. Discover if Caracas is the perfect destination for your next adventure or business venture.
00:00 Start
00:38 Moving to Caracas
3:40 Living in Caracas: Renting vs. Buying
6:20 Currency and Payments
8:04 Banking in Venezuela
8:55 Taxes for Expats
10:44 Climate and Lifestyle
11:50 Climate and Lifestyle
12:47 Outdoor Activities and Proximity to Nature
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[@NomadCapitalistRD]

If you're leaving your country and want help legally escaping the tax net, getting residence permits and citizenship elsewhere, and making the big move, trust our experts to help: www.nomadcapitalist.com/apply/ Do you know how to open a bank account in Latin America: kzbin.info/www/bejne/mpyUeHuiitemhbs Join us at Nomad Capitalist Live to meet 750+ like-minded people looking to Go Where You’re Treated Best: www.nomadcapitalist.com/live/

[@CarmenZarzuela-j5g]

I am from Spain and started going to Caracas Right after the pandemic. Excellent City. I went Jack in 2023. Great restaurants and nightlife. I used my Spanish bank card everywhere without problem. Can you do a video about Margarita too ?

[@MarinaZambrano-nj2px]

I Love Caracas. Great content. 100% agree with what Javier is saying. Caracas is fantastic, more people should visit the City.

[@DorisCristinadeBonsantoIbarra]

Great Speaker! Caracas has improved so much in recent years. I am so happy that people are starting to notice. More videos like this please.

[@NomadCapitalistRD]

We have many more videos planned; stay tuned!

[@SenorJuan2023]

So you live there? How is the crime situation now?

[@sarahfranco6802]

​@@SenorJuan2023it's waaaaay better than before. Most of the migration actually helped the city to feel more safe. Ofc people still need to be cautious in a reasonable way and things still happen. But nowhere near as much as before

[@HippiePajon]

THIS BOI PUTTING ON FOR HIS CITY. Let's go man. Hay que reconstruir el país.

[@PierreMercier1]

Finally someone who talks about the Good side of Caracas. I have been in Caracas for almost three months now and I can say that what this guy says is 100% true. I love Caracas, it is super underrated. You should mention how the city is actually pretty safe now. Beautiful and fun city. By the way, I am from Quebec, and I loved the sentence in French.

[@DavidF.Lambert]

Hi, I'm from Qc as well living in Paraguay at the moment for tax purposes. What make you moved there?

[@NomadCapitalistRD]

Thank you for sharing your opinion.

[@lorenk.775]

😆😆 Give it a rest.. Caracas good and safe?! Yeah some areas of it but not most of it yet. you also have to worry about political and economic instability there.

[@Spiritualtalkspodcast]

Can you please tell me how you got your visa to Venezuela? It seems like it’s a process for American citizens.

[@jananwittels1131]

Someone who tells the truths of a wonderful city. Javier is absolutely right. Very well explained!

[@andreinacollet1]

I am a Dual Italian-Venezuelan citizen and I live in Caracas. What Javier is saying is accurate, life in Caracas can be wonderful. The international schools for kids are excellent. The private clubs he talks about are great as well. Foreigners, especially Europeans are starting to come back to the city. More videos about Venezuela please

[@NomadCapitalistRD]

Thank you for watching. We have more videos planned for Venezuela in the future.

[@davidepattibiomed89]

You will regret It if americans come

[@BradBlinx]

He is a very good orator. He needs to make more videos.

[@NomadCapitalistRD]

More to come! 😊

[@ldklee]

I am Swiss and love Caracas , I go there many times and it is nothing like you might imagine from the news. I am even consider to move there, you can find everything you need and as long as you don’t go to dangerous zones , which every mayor city has I don’t feel that it is dangerous and has a good quality of life. I can confirm that everything Javier says it’s true , Caracas has improved over the last year substantially. 😊

[@ldandco]

Any reason for the improvement ?

[@lorenk.775]

What reasons for the improvements?

[@lorenk.775]

you would still need to worry about political and economic instability there even if you live in a safe area.

[@HippiePajon]

This boi know what he talking bout

[@shoutmondxomega]

Great content, excellent speaker

[@tomasarndt8139]

You must be kidding, many people try to leave the country. No way I am returning

[@Markisamiller]

Many people leave Canada. It all depends on where your priorities sit.

[@shragerm]

Appreciate the video, an important topic is political risk. You buy property in Vzla but is there enough stability and, more importantly, a history of reliable stability, to give the investor confidence in long term property rights etc? I'm not sure we are there yet.

[@daybreaker8811]

12:15 He speaks French very well 😮. Je l'ai pas vue venir celle-là 😂.

[@tstcikhthys]

Oh là là; he speaks French! I like this guy: he's eloquent, gives good information without beating around the bush, and is succinct. One thing though: _multi-_ is pronounced "multee" not "multai", and _route_ is pronounced identically to "root" not "rout" (which means something totally different).

[@captainleisuresuit]

Re: pronunciation.. it depends on region. All of those versions can be correct within the USA at least. Even within the same city.

[@tstcikhthys]

@@captainleisuresuit Yes, but these are instances of it just being wrong. They're not etymologically defensible.

[@captainleisuresuit]

Interesting approach. I do hope that you do not teach English as a second language. The object of pronunciation is to be best understood by your intended audience. Thus, the pronunciation should simply approximate the pronunciation of the audience. I can assure you that all of the North American audience watching this video cares not about "multee" vs "multi", "root" vs "rout", "tomayto" vs "tomahto", or any other countless other English examples. I feel compelled to point this out for the benefit of anybody watching who may speak English as a second language. It's a confusing and messy language, but thankfully, very flexible and forgiving as well.

[@tstcikhthys]

@@captainleisuresuit ...and to be correct. I would actually hope that about you. The point of teachers and teaching is to teach people (who don't know any better) the correct way. When one knows that something is wrong and yet doesn't teach people the proper way, instead opting for an "anything goes" approach, it defeats the purpose and leads to a status quo such as with the speaker in the video. The irony is that pronunciation _does_ matter. Your examples of _multi-_ and _route_ are not in the same group as _tomato,_ so it's a false equivalency. In at least one of those cases ("route"), the incorrect pronunciation changes the meaning completely. It seems that you're confusing dialectal pronunciation differences with outright incorrect pronunciations. In the latter category, basically any language in the world is "flexible" in that your audience has a certain amount of "forgiving ability" for mispronunciations for non-native speakers. But just because your audience can understand you (i.e., forgive your mistakes) doesn't mean you're speaking correctly.

[@captainleisuresuit]

@@tstcikhthys Your perspective is perplexing, however this discussion has been interesting. Thank you for taking the time to elaborate. Cheers.

[@user-ce1pt9sm3n]

No rule of law, respect for contracts and private property. You have to be nuts to invest or travel there.

[@citicreative]

5000$ a month in Venezuela, yea im out

[@Amilcardelvillar]

Caracas has improved= people left the country because of the regime. Wtf

[@O_Observer]

They eliminate poverty there by exporting their hungry citizens to other latin american countries and usa. Actually is a smart idea if you are a dictator

[@LittleFrenchyinBigTexas]

I missed the point on security…

[@ericchausse1701]

It seems that all, or most of these great countries are geared towards everyone ACCEPT Americans. It would be great if the R&D team at Nomad Capitalist could start making a series of videos meant to help American citizens specifically "Go Where There Treated Best"!

[@timmyhassett]

Good info and presentation!

[@lavidawithjoey]

I've talked with mutiple Venezuelans in the last month about visiting Caracas as a US citizen. All have told me to go to Brazil or Colombia to avoid the Venezuelan government potentially detaining me under illegal pretenses. All have visited Venezuela in the last six months.

[@O_Observer]

If you ever go to Brazil just avoid Rio de Janeiro and the Northeast states. Brazilian south is the better place to stay.

[@SpnakoAss]

your a US Citizen that's the reason Venezuela got no good relation with USA. so it won't be a good option to us citizen.

[@diegoyanesholtz212]

​@@O_ObserverBut compared to Caracas, even Rio and the Northeast of Brazil like Salvador seems like heaven. I agree that southern Brasil is much better, I would avoid São Paulo, city and now with all the problems with the flood, Rio Grande do Sul, for Brazil is only Curitiba and Santa Catarina and maybe some towns in São Paulo state. I never been but I heard also that Campo Grande and Goiânia are not that bad.

[@davidepattibiomed89]

Good presentations, well done.

[@NomadCapitalistRD]

Thanks for watching!

[@CesaresChannel]

Far too dangerous to live in Venezuela

[@MarinaZambrano-nj2px]

The City is much safer now.

[@Kretencekk]

It depends where you are located. Island of Margarita gives extremely peaceful vibes, I was there. Will go to Caracas and Lecheria this year to test their capital and their luxurious city

[@sarahfranco6802]

Interesting video

[@eranb66]

I might go there if Maduro loses the election.

[@Spiritualtalkspodcast]

US citizen with a passport trying to figure out how to get a visa please help

[@NomadCapitalistRD]

Contact us to see how we can best serve you: nomadcapitalist.com/apply

[@Spiritualtalkspodcast]

@@NomadCapitalistRD I don’t see anywhere where allows me to get a visa for Venezuela. That’s what I am inquiring about.

[@jlm3744]

If something is a hidden gem, keep it that way.

[@IaN09876]

I am pleased that all the bashing and manipulation from the US have failed and Venezuela is prospering.

[@kemi1937]

Simply dont invest in Venezuela until the elections are over 28 July. Maduro is deperate for foreign currency. It wont work out for you

The US is going the wrong direction! Now, how to move to Venezuela

[@lorenk.775]

😆😆👍👍