CUBALAND OF OPPORTUNITIES2INTRODUCTIONC U B A :L A N DO F

O P P O R T U N I T I E S

CUBA: LAND OF OPPORTUNITIES• The country's vision of economic and social development
grants a relevant role to international insertion anddiversification of trade links.
• Cuba is involved in a transformation process to make theeconomy more efficient and to continue consolidatingsocial achievements.

Updating Cuban
EconomyAttracting
ForeignInvestment

Increasing
Cuban
exports• Great opportunities to stimulate economic relations (trade,investment and cooperation).

Updating Cuban Economy• National Development Plan 2030,aligned with Sustainable Development
Goals.
• Promotion of science, technology andinnovation activities.

• Improvement of the state-owncompanies.
• Greater diversification and participationof economic entities.

C U B A :L A N DO F

O P P O R T U N I T I E S

3Foreign Investment• Definition of general and sectorial policies.
• Updating of the Regulatory Framework (moreguarantees and incentives).
• Establishment of the Mariel SDZ.

FOREIGN
INVESTMENT“... an important source for the economic andsocial development of the country..."•Sovereign Decision•Reflected in the main governing
documents of the country.

POLITICALWILLECONOMIC
CONDITIONSGUARANTEES,BENEFITS AND
INCENTIVESC U B A :L A N DO F

O P P O R T U N I T I E S

5Foreign Investment
GOALS and INTERESTS
Main goals: financing, technology, new markets for Cuban
exports, management skills, new jobs.

Main interests in terms of businesses:• export- oriented businesses.
• businesses that contribute to replacing imports.
• businesses that promote productive chaining with other sectors ofthe domestic economy.

Modalities established by law to conduct foreign investment:
Joint venture

International economic
association agreement

Totally foreign capitalcompany

Foreign Investment
Policies

Cuban legislation does notdiscriminate based on
origin/country of the investor.

C U B A :L A N DO F

O P P O R T U N I T I E S

6FOREIGN INVESTOR: "Natural or legal person,with fiscal domicile and capital abroad"Foreign Investment
Policies•General policies•

14 sector policies.

•These policies are frequently renewed to bring moreopportunities to foreign capital, aligned with Cuban
developments plans.

They can be reviewed on theOpportunities Portfolio website.

www.inviertaencuba.mincex.gob.cu

C U B A :L A N DO F

O P P O R T U N I T I E S

7Other recent changes:• Foreign majority share allowed in all
sectors, except extraction of naturalresources and provision of publicservices.
• Greater openness by sectors.
• Participation of foreign investment indomestic trade (wholesale and retail).

• More flexibility. New methodology for technicaleconomic studies and fast track for strategic projects.
• Conception of projects with small investment
amounts, which have more expedite investment
processes and better conditions to raise capital.

Attractions of Cuba
AS AN INVESTMENT PLACE•

Development of Human Capital andscientific potential•

Legal protection and guarantees•

Special tax regime•

Political, legal and social stability•

Privileged geographical location•

Market of interest in the region•

Fertile soil and industrial capacities•

Diversity of Opportunities.

•+ 20 Economic Agreements signed forpreferential custom fees•

Establishment of Mariel SDZ

MARIELSPECIAL DEVELOPMENT ZONE

51 business

465,4 km2

opportunities

Established in November 2013
Young visionary project to be
developed in stages.

•Attractive tax regime.

•Expedite approval regime that does notexceed 60 days.
•

Professional multidisciplinary team to accompany
investors.
•Infrastructure and services of high standards.

9S E C T O R E S

VocaciónA

Industrial and logistics activities

B

Industrial

C

Ports, industrial and logistics

D

Livestock - forestry

E

Livestock - forestry

F

Livestock - forestryG

Industrial and extractive activities

HTouristI

Tourism and agricultureCurrent Situation
Foreign Investment+ 300 businesses inoperations

52

Relevant role of foreign
investment

172

Association Contracts

106

Joint ventures

56

Wholly foreign-own
enterprises

Most representative sectors• Export of tourist services• Mineral processing andexport• Production and export of rum• Marketing of tobacco• Oil exploration

Tourism

Industries• Electricity generation withrenewable energy

Construction
EnergyFoods

Investment partners
fromcountries+40Portfolio ofOPPORTUNITIES
Virtual platform

729

Projects

www.inviertaencuba.mincex.gob.cu-The whole country-

Diversity of investment amounts-Almost every sectors

FOOD• Diversification of projects and businessmodels – Contract Farming

SUGAR
INDUSTRY• Use of installed capacities (agroindustrial)

FOOD INDUSTRY
Specific projects:

C U B A :O F

AGRICULTURE

L A N DO P P O R T U N I T I E S

12MAINPROJECTS• Interaction with all economic entities•Modernization of sugar mills.

•Rice, coffee and other grains•

Meat (poultry, beef, sheep), eggs and seafood•Dairy products and by-products•

Fruits, vegetables and citrus•Food processing industries and use of industrial capacities in
the production of pasta, dairy, juices, among others.

INDUSTRYSpecific projects:• Production of high-tech medical equipment• Production of medical expendablesC U B A :L A N DO F

O P P O R T U N I T I E S

13MINING
Specific projects:• Red tailings project in Moa, toextract iron, nickel, cobalt, andaluminum oxide, among othermetals.

EXPORT
PROJECTSTOURISM

Exports of goods and services.

Diversification of tourism services.

Increase the added value of Cuban
exports.

Hotel management and marketing contracts.

Develop new exportable items.

Real estate developments associated with tourism.

Recover exportable goods.

Theme parks.

Market diversification.

Health Tourism, Nature Tourism, Corporate Tourism.

Creation of new hotel capacities.

Other Projects
PRIORITIESINFRASTRUCTURE
FINANCIAL
BANKING SECTORCOMMERCEKNOWLEDGE-INTENSIVEINDUSTRIEShttps://vuinex.mincex.gob.cu/

Investor support platform.

•Computer system and in-person
assistance.

•Advise to investors•Permits and licenses processing•Cooperation agreements signed withmore than 15 entities.

•Permanent representation of 5 entities atthe headquarters.

C U B A :•O FONE STOP SHOPFOR FOREIGN INVESTMENTL A N DO P P O R T U N I T I E S16C U B A :L A N DO F

O P P O R T U N I T I E S17EXPORT PRODUCTS
AGRI-FOOD SECTOR• TROPICAL FRUITS, VEGETABLES,GRAINS• HOT PEPPER AND TURMERIC• JUICE AND NECTARS• TROPICAL FRUIT JAMS
• ESSENTIAL OILS

www.procuba.cu/oferta-exportable-de-cuba18C U B A :L A N DO FO P P O R T U N I T I E SEXPORT PRODUCTS

AGRI-FOOD SECTOR• COFEEE (GRAINS & GROUND)• CHARCOAL• HONEY• LOBSTER• RUM, LIQUORSC U B A :L A N DO FO P P O R T U N I T I E S19EXPORT PRODUCTSTOURISM SECTOR (SERVICES)• SUN & BEACH, CITY – BEACH - CULTURAL PLACES• NAUTICAL SERVICES• NATURE, HEALTH AND CULTURE TOURISM SERVICE• TRAVEL AGENCY SERVICES, TOUR GUIDES ANDGROUP TRAVEL ORGANIZATION• TOURIST ACCOMODATION SERVICES

20EXPORT PRODUCTSO P P O R T U N I T I E SCULTURAL SECTOR (SERVICES)• MUSICAL PRESENTATIONS AND ARTISTIC SHOWS• CULTURAL CIRCUITS AND FESTIVALSC U B A :L A N DO F

• SPECIALIZED ARTISTIC TEACHING COURSES AND
WORKSHOPSTO FACILITATE EXPORTS: One
Stop Shop for Foreign Trade.
SPORT SECTOR (SERVICES)• HIRING ATHLETES
www.vuceregulaciones.mincex.gob.cu

PERSPECTIVES• Despite the difficulties, Cuba has favorable conditions for foreign
investment.
• We have business opportunities in practically all sectors of theeconomy and a Special Development Zone with more incentives.
• We will continue to generate actions to make Cuba a place ofinterest for foreign investors.
• Continue advancing in the process of recovery of the national
economy and the increase of our exports.
• Results in the objectives of expanding and diversifying thepresence of foreign investors.
• Increased opportunities and facilities forforeign investors.
• There is great potential to strengthen ties and take advantage of thecomplementarities between our economies.

HAVANA INTERNATIONAL FAIR - FIHAV 2024

40

L A N DC U B A :EDITION

4 - 9 NOVEMBER 2024, HAVANAEXPOCUBA•

One of the most prestigious in Latin
America and the Caribbean.

•Largest multi-sector trade fair in Cuba andthe Caribbean.

•Every year welcomes more than 700
companies from over 60 countries of all
regions of the world.

•It is a great opportunity to promotebusiness with companies from all over theworld.

•The VII Investment Forum will be held.

O FO P P O R T U N I T I E S22

https://cuba.feriahabana.cu/