LATAM: Foreign Investors Survey 2017 ttitude Consulting
CUBA
Greater Attractions
Investment opportunities in agriculture, sugar, industry, tourism, energy, mining, transportation, pharmaceutical, health, etc. Legal framework on foreign investment recently updated, with clear rules that determine the investment regime.
Political Risks?
In the current situation, political risks tend to be markedly reduced.
Adequate Labor Laws?
Recruitment by foreign investors should be through employment agencies, who grant the laborforce. Working very well in most traditional sectors of foreign investment( hotels).
Adequate Transparency and Corruption Framework?
Legal framework rather bureaucratized, which leaves very little room for corrupt practices.
Suitable Fiscal Framework for Foreign Investment?
New Tax Law. Fiscal framework with significant incentives, especially for ZED Mariel Zone. Few double taxation conventions, one with Spain since 2001, Italy and Portugal, etc.
Proper Framework for Promotion and Mutual Investment Protection?
More than 60 agreements signed with Spain( 1994), Switzerland, United Kingdom, France, Portugal, etc. Solid legal system, based on Spanish legislation prior to its independence.
Advantages of Your country over Others in the Zone
High level of public safety, unmatched in the region, highly educated population, huge potential for growth in the coming years.
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Positive Medium Risk Negative