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Cuba                     Business guide

1. Why Cuba

 

 

Cuba, being a popular holiday destination, is most assuredly known for its oldtimers, Cuban cigars, Rum and Salsa. Besides these aspects of Cuban culture it is a communist country with more that 85% of its economy reigned by the government.

 

However a major shift is taking place within the Cuban political climate. In 2011 for example Cuba has legalized the sale of private property allowing their citizens to buy and sell their homes for the first time since 1959.  On top of these changes within Cuba the western world is also changing its attitude towards Cuba. The united states have eased their embargo against Cuba and the European union has been going on several trade missions to discuss the possibility to intensify their business relations. All these changes offer opportunities for foreign companies to invest in Cuba and to enter its market.

 

To illustrate the potential Cuba has to offer regarding foreign investments it has made a “portfolio of opportunities for foreign investment”.  The aim of the portfolio is to serve as a general reference guide and to facilitate business potential. Next to this Cuba has created promotional institutions with qualified personnel which are solely at the service of investors.

 

Furthermore Cuba has made policy changes that ensure and secure foreign investors a transparent legal, social and political framework as well as a safe climate for foreign personnel. Additionally international agreements have been signed by Cuba with both the Latin American world (ALADI), the Caribbean community, the common market of the south, the European Union and the world trade organization. And least but not last Cuba has created beneficial tax incentives to create an inviting investment environment.

 

At this very moment we are witnessing the liberation of a 68 billion USD state opening a market that was formerly state controlled. To make things even more interesting we are talking about a state with an annual growth potential of over 5%. Even though there still is a long way to go this is the time to strike and secure a position in this potentially lucrative market.

 

time since 1959.  On top of these changes within Cuba the western world is also changing its attitude towards Cuba. The united states have eased their embargo against Cuba and the European union has been going on several trade missions to discuss the possibility to intensify their business relations. All these changes offer opportunities for foreign companies to invest in Cuba and to enter its market.

 

 

To illustrate the potential Cuba has to offer regarding foreign investments it has made a “portfolio of opportunities for foreign investment”.  The aim of the portfolio is to serve as a general reference guide and to facilitate business potential. Next to this Cuba has created promotional institutions with qualified personnel which are solely at the service of investors.

 

Furthermore Cuba has made policy changes that ensure and secure foreign investors a transparent legal, social and political framework as well as a safe climate for foreign personnel. Additionally international agreements have been signed by Cuba with both the Latin American world (ALADI), the Caribbean community, the common market of the south, the European Union and the world trade organization. And least but not last Cuba has created beneficial tax incentives to create an inviting investment environment.

 

At this very moment we are witnessing the liberation of a 68 billion USD state opening a market that was formerly state controlled. To make things even more interesting we are talking about a state with an annual growth potential of over 5%. Even though there still is a long way to go this is the time to strike and secure a position in this potentially lucrative market.