How to buy property on Margarita Island as a foreigner

Yes, foreigners can buy in Venezuela

Venezuelan law places no restriction on real estate ownership by non-nationals. Anyone with a valid passport can acquire property on Margarita Island, including full beachfront. The process is straightforward when properly guided.

Step 1: get your RIF

The RIF is the Venezuelan taxpayer ID issued by the SENIAT tax authority. It can be obtained online or in person, and we handle it for you as part of our service.

Step 2: legal verification of the property

Before any deposit, our partner law firm verifies registered ownership, liens and mortgages, HOA and utility debts, and building permits. We only move forward with properties that have impeccable documentation.

Step 3: offer, contract and closing

A binding promise-of-sale agreement is signed with clear conditions, then notarized before the Public Registry. Payments are made in USD through documented international transfers. A typical closing takes 30 to 60 days.

Bonus: duty-free zone

Nueva Esparta is a free trade zone: furnishing and equipping your property costs significantly less than on the mainland thanks to tariff exemptions — a direct boost to your ROI.