Isla Margarita Often called ‘The Caribbean Pearl’ this Island Paradise has been undiscovered by major tourism until recently, remaining the private hideaway of the wealthy. With 320 days of sunshine, tropical climate, azure waters, white sand beaches and duty free status, this is an exciting venture with great growth potential.

Situated off the North East coast of Venezuela, the Islands are 1000 sq km. with approximately 250 km of pristine beaches, it was discovered by Columbus in 1498, but not colonized until Conquistadors discovers Pearls in the Coral reef and named the Island after the Greek for Pearl. It’s location away from the Hurricanes made it an ideal hideaway for Pirates and Naval Ships, Harboured at San Carlos Borromeo Castle.

Today the beaches, diving, fishing, water sports and weather draw most visitors, but shopping in Porlamar, Nature Reserve of La Restinga and Historical Churches add to the attraction. The are plans to host Formula 1 racing in the near future.

Facts: Average Temps: 27ºc (Lows 24º.37º c max.) Average Rainfall 700mm (27 Inches)

Population: 300,000 approx.

Margarita enjoys Duty Free status and is a shopping mecca for the jet-set of Venezuela and tourists for across the globe. With petrol around 10p a gallon, local beer 25p and a hearty meal for 2 for about £5, it´s not suprising the locals are always so happy.

Oyster International 0044 (0)208 390 8001