WHY INVEST
IN CUBA?
- Political, social and legal stability and climate of security.
- Favorable, secure and transparent legal framework
- Institutions at the service of investors
- High educational indicators (more than 20 universities, dozens of research centers and prestigious scientific institutions).
- High indicators in social security and health of the population.
- Highly qualified scientific potential and workforce with the ability to assimilate new technologies
- Port, rail, road and communications infrastructure (existing and under development).
- Favorable geographic location
Availability of natural resources
STEPS TO INVESTING
IN CUBA
- Identify project of interest: the foreign investor may choose to select one of the projects presented in the Portfolio of Opportunities that best suits his/her possibilities and economic interests, or make a proposal for a specific project not included in the aforementioned Portfolio.
- Identify partners
- Apply at the Cuban consulate (embassy) of the country of origin for the A-7 Exploratory Business Visa for the entire exploration process or the D-7 Visa for the negotiation stage.
- Presentation of the business for approval to MINCEX.
- Approval of the business: it is granted according to the sector, modality and characteristics of the foreign investment, as provided for in Chapter VIII, Articles 21.1, 21.2, 21.3 and 21.4 of Law No. 118. The decision is issued within 60 calendar days from the date of submission of the application and must be notified to the applicants.
- Registration before a notary public for the delivery of licenses if the project is approved.
DOCUMENTS REQUIRED
- Authorized copy of the incorporation document duly legalized and notarized.
- Certification of the commercial registry or similar of its country of origin that accredits its validity, with no more than six months of issuance.
- Financial statements for the last accounting period, certified by an independent entity. Bank guarantees with no more than six months of issue.
- Letter of sponsorship from the parent company, if the investor is an affiliate or subsidiary or is represented by an off shore corporation.
- Certified agreement of the board of directors expressing conformity with the intended investment.
- Duly legalized powers of attorney.
Accreditation of its experience in the activity that is the object of the investment. - If it is a natural person, a copy of its identification documents and bank guarantees no more than six months old must be submitted.
