Madrid is 6 hours ahead of Caracas

Best overlap: 8:00 AM to 12:00 PM in Caracas is 2:00 PM to 6:00 PM in Madrid.

Aim for 8:00 AM to 12:00 PM Caracas time — that's 2:00 PM to 6:00 PM over in Madrid. Around 4 hours of overlap is enough to work comfortably, as long as meetings don't drift to the end of one team's day. These times hold for most of the year, but Madrid's daylight saving (which Caracas doesn't use) shifts them by an hour twice annually.