Venezuela Country Profile

Passport
For more details visit Venezuela Passport Ranking
  • Passport Grade
    B-
  • Passport Ranking
    86/198
  • Passport Score
    116.4/198
  • Visa-free Countries
    107
  • Visa-required Countries
    91
  • Access to the World's GDP
    32%
  • Access to the World's Surface Area
    40%
  • Access to the World's Population
    31%
  • Access to the Unesco Sites
    59%
Citizenship and Naturalization
Birthright citizenship (Jus Soli)
  • Birthright citizenship (Jus Soli)
    Yes
    Unrestricted: Any child born in the country automatically becomes a citizen.
Naturalization - Standard Conditions
  • Minimum residency period
    10 years
  • Physical presence requirement
  • Language test
    No
  • Need to renounce original citizenship?
    No
  • Can minor children naturalize?
    Yes
  • Can naturalized parents pass citizenship to a child born abroad?
    Yes
    Must first establish residency in Venezuela before the age of 18, and submit an application before 25
  • Can you lose naturalization due to prolonged absence/ naturalization elsewhere?
    No / No
Naturalization - Your Spouse is a Citizen
  • Living IN the country: Residency/marriage requirement
    0 years / 5 years
    Must be married for 5 years. No in-country residency requirements.
  • Living ABROAD: Marriage requirement
    5 years
    Can reside abroad during 5 years of marriage, but the Venezuelan consulate in Madrid confirmed that the process is done in Venezuela only.
  • Language test
    No
  • Need to renounce original citizenship?
    No
Naturalization - Other Beneficial Provisions
  • Your child is a citizen
    No provisions
  • Citizens of specific countries
    5 years
    5 years for citizens by birth of Spain, Portugal, Italy, any Latin American or Carribean country.
"–": The provision has not been analysed.
Taxation
For more details visit Cost of Living
  • Taxation Type
    Residence-based
A tax resident of a country with a RESIDENCE-BASED tax system pays taxes on their WORLDWIDE income. However, if you lose tax residency status there (e.g., by moving out), the country will generally stop taxing you.

Sovereign Global Explorer

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Venezuela Overview
  • Region
    North and South America
  • Capital City
    Caracas
  • Largest City
    Caracas
  • Currency
    Venezuelan bolívar
  • Languages
    Spanish
  • Population
    29.3 million (50th)
  • Life Expectancy
    73.3 years (146th)
  • GDP (Nominal)
    $82.1 billion (73rd)
  • GDP/Capita
    $2,807 (149th)
Useful Data
For more details visit Cost of Living
  • Cost of Living
    Inexpensive (3/7)
  • Climate
    Very comfortable (1/5)
  • Safety
    Extremely Dangerous (7/7)
  • Pollution
    Polluted (4/5)
  • English Proficiency
    Low (4/5)

Sovereign Global Explorer

Benefiting from over a decade of our team’s boots-on-the-ground experience, Global Explorer is where your international journey begins.
PREMIUM REPORTS
Venezuela inside Schiff Sovereign resources

Articles featuring Venezuela

Trends & News

Forget Cuba opening up to the US, watch out for Venezuela

January 9, 2015 En route to Antarctica When the Soviet Union was dying out and privatization schemes and free market measures were being implemented, it was like the Wild West out there. With a bit of street smarts, insights, the right contacts, information, and access to capital, you could grab or build a fortune. That’s […]

Trends & News

Venezuela is now the most expensive country in the world

Forget Norway. Japan. Iceland. Switzerland. Or any of the other places around the world that are notorious for being painful on the wallet. Venezuela is now the most expensive country in the world, hands down. To give you an idea, the cost of a 15-minute taxi ride to the beach yesterday afternoon totaled an eye-popping […]

Trends & News

Mexico is starting to look like Venezuela

Mexico is in the midst of a crisis again. And no, it doesn’t have anything to do with the border wall that caused the US government to be hopelessly deadlocked for more than a month. Or the economy. Or murders and violence. Or drug trafficking. Or bird flu. Nope. Mexico is battling an enormous problem […]

Personal Resilience

Here’s what happened when Venezuela imposed gun control laws

I just got back from Caracas, Venezuela, a city so dangerous that every time I left my hotel, the staff would warn me against even going outside. It’s an incredibly difficult reality to reconcile. People hate the fact that they may get robbed or killed just steps from their front door when they leave the […]

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