A NEW WAY TO DISCOVER CUBA

French Spanish

how to do business in cuba

foreign investment in cuba
investment application
banking regulations
free zones and industrial parks
comercial relations with foreign firms
administrative tariffs
real estate & building
business consulting
gallery
more Cuba sites
credits
comments
home



Ads By CiberSpaces

Law Number 77, of September 5, 1995, issued by the National Assembly of Cuba

The Foreign Investment Law is aimed at increasing foreign investment and interfacing the said investments into the domestic economy, offering greater security and guarantees to the foreign investor. At the same time allowing Cuba to obtain financial resources, technology and new markets in both production and services where mutual benefits are attainable.

The authorisation to make foreign investments in Cuban territory is granted by the Executive Committee of the Council of Ministers.

Foreign investments within the national territory enjoy total protection and security, they cannot be expropriated, except if that action is carried out for reasons of public use or social interest, declared by the government, in compliance with the Constitution of the Republic. All foreign investments will also be protected from claims by third parties. The State guarantees the foreign investor free transference abroad, in freely convertible currency - and tax free - of all profits derived from the venture, the net profits and dividends that are obtained from the exploitation of the investment.

It is the exclusive faculty of the Council of Ministers' Executive Committee to authorise foreign investments when any of the following sectors are involved or the investment has the following characteristics: Those in which the total amount of the contributions by foreign and national investors is over 10 million US Dollars; companies with 100% foreign capital; those that involve the exploitation of public services such as transportation, communications, waterworks, electricity or to build and exploit some public works; when the foreign company is involved with capital participation of a foreign state; when it is related to the exploitation of natural resources; those that include the transference of state property or real estate, property of the State, and those pertaining to the system of enterprises of the armed institutions.

Agreements authorising or rejecting a foreign investment are issued within sixty natural days from the application date and applicants must be notified in writing.

foto3.jpg (4765 bytes)

 

Ads By CiberSpaces

Ads By CiberSpaces

Available now!
Reside in Havana now!...

World Class: dental,
surgery, plastic surgery,...

  • Cuba-Climate.com | Premium Domain for Sale | Cuba Climate
    Cuba-Climate.com | Premium Domain for Sale | Cuba Climate
    Cuba-Climate.com the perfect Cuba climate & weather forecast domain is available in our premium marketplace at CubaDomains.com which only features rare, desirable and brandable names like www.Cuba-Climate.com. If you are [...]
  • Car Rental in Cuba December 2014 and January 2015
    Car Rental in Cuba December 2014 and January 2015
    Car Rental in Cuba for December 2014 and January 2015 just got more complicated for many visitors to Cuba during the holidays. As of today Cuban Rent a Car companies [...]
  • Cuba Car Rental Discounts
    Cuba Car Rental Discounts
    Due to the drastic reduction in fleet purchases for 2014, Cuba Car Rental companies Havanautos, REX, CubaCAR and Via have recently introduced discounts for advance bookings. Responding to recent reports [...]
  • Car Rental Cuba | Geely Emgrand reviews
    Car Rental Cuba | Geely Emgrand reviews
    Over the months of summer, Car Rental Cuba has received reports back from consumers who have rented the Geely Emgrand. The Geely Emgrand is a Chinese manufactured medium high vehicle [...]
  • Car rental in Cuba | complete guide to driving in Cuba
    Car rental in Cuba | complete guide to driving in Cuba
    Car Rental in Cuba – Advice Taking a car rental in Cuba is by far the best way to discover the island. Having your own car helps you get off [...]
  • Cuba Child Safety seat Car Rental Cuba
    Cuba Child Safety seat Car Rental Cuba
    In Cuba, child seat and infant seats are offered by REX Car Rental and are easy to obtain in Havana. Depending on the size, child seat typically cost between $2 [...]

email us...contact@cubacaribbean.com
Copyright © 2002 - 2017. Digital Panorama S.A. All rights reserved.
No part of this website may be copied or reproduced without the written consent of Travelucion S.L or its subsidiaries.

800 x 600