Santiago de Leon de Caracas, Venezuela's capital, sits in Cerro Avila Valley, where mountain ranges soar 8,000 feet from the Caribbean. Once inhabited by Toromaimo Indians, the city was founded by the Spanish in 1567.
Caracas has a largely service-based economy, apart from some industrial activity in its metropolitan area. Businesses in the city include service companies, banks, and malls and some of the tallest skyscrapers in Latin America are located in Caracas.
Caracas is also Venezuela's cultural capital. Founded in 1721, The Central University of Venezuela is the oldest university in Venezuela and one of the first in Latin America. Chacao is the see-and-be-seen place to eat, drink and socialize in the city. Iglesia de San Francisco is a beautiful example of colonial architecture. Mountainous Parque Nacional El Avila teems with tempting trails.
Prolonged economic downturn has severely affected the country overall, however there are large multinationals that have decided to wait for the economic storm to pass, and also many individual professionals, especially in the tech sector, are available to work in outsourcing or as freelancers. People from Venezuela who have been brought up in the 1990s have a relatively high general knowledge and cultural standard, the language factor is also a competitive edge since English is learned in school, and the geographic location is very favourable for working with clients in North America and Europe.