IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 29 Mar 2014 | Removal date: open ended
Still in force

FDI: Treatment and operations, nes

On March 29, 2014, the National Assembly of People's Power of Cuba in an extraordinary session passed a new foreign investment law, replacing older regulations from 1982 and 1995. The new law strengthens guarantees to investors. Some of the most salient changes:

  • Foreign Direct investment will be allowed in almost all sectors of the economy, apart from healthcare, education and national defence;
  • Investors cannot face arbitrary expropriation, and in the case of nationalisation of investments, investors are entitled to compensation;
  • The government guarantees the free transfer abroad of capital gains;
  • There will be a significant reduction in administrative requirements faced by foreign investors;
  • Certain tax breaks and holidays can be obtained by investors, in certain circumstances, upon approval by the Executive Committee of the Council of Ministers.

AFFECTED COUNTRIES

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