Foreign Direct Investment

Based on rising demand for improvements in infrastructure, industry and business sector performance; Cuba has moved from a position of economic isolation into a new era that welcomes foreign direct investment and development assistance.

In order to attract much needed overseas capital, Raul Castro’s government has implemented a number of powerful incentives, including a reduction in tax on profit from 35 to 15 percent for most industries, plus a policy that removed a 25 percent tax on labour costs.

Such measures have seen more than 4000 firms from over 100 countries initiate businesses relationships with Cuba in recent years; many of them forming partnerships with newly launched, formerly state-owned enterprises that have ambitious plans for expansion.

Working with a local strategic partner in Cuba offers considerable benefits. Such partners can provide a comprehensive insight into internal markets and business conditions, evaluating their performance, identifying trends and introducing reliable associates. As Cuba grows into a key location for global business, local support is an increasingly essential ingredient for success.