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Why Invest
The Venezuelan island of Isla Margarita as a stunning Caribbean destination without the usual high price tag, but it isn’t just the low-entry prices that appeal, but also the year-round sunshine, absence of hurricanes and the reassurance of the wealth of an oil-producing nation to provide stability. Venezuela’s economy is one of the fastest growing in the world after China, experiencing in 2006 both a property price boom and a stock market rise of 160% according to the Economist. With 85% of the island undeveloped Isla Margarita offers the discerning investor great opportunities. Capital growth grow by 32% in 2006 and continues to grow steadily. Isla Margaria is a tax free island with no VAT, or CGT, low cost of living with petrol prices at 0.02p per litre filling a 80 litre 4x4 would cost £1.60, 45 times cheaper than the UK. The government has given it full support to developer and fines company that sit on purchased land and do not develop, strengthen the countries ties with tourism and growth.
Venezuelans have always flocked to the island for their summer holidays and for seasonal duty-free shopping sprees, with modern shopping malls with famous designer names including Versace and Bulgari. There are many bars and restaurants on the island with sea food being the speciality, but also an abundance of international cuisine to chose from without the price tag attached. Isla Margarita has loads to offer from culture to theme parks, casinos to cinemas. With direct flights to Margarita from many countries, tourist are coming to the island to soak up the low cost of living as well and the year round weather. The island offers golf with views out to the caribbean sea from the course, as well as being one of the best places in the world to kite surf. And lets not forget the windsurfing, sailing and scuba diving that is on takes place on beaches through out Margarita. You do not have to apply for residency to live on the island, with a temporary residents visa issued for the 1st five years which is renewed annually. After five years this then charges to a permanent residency.
Key Benefits:
Emerging market prices up to 70% less than other Caribbean Islands Direct Flights Tax Free Island There are no restrictions or residency for foreign owners Cost of living Future Site of new F1 racing
Direct Flights from:
Canada Denmark United Kingdom Germany Finland Netherland Russia Argentina Venezuela
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