Financial System

The Cuban financial system is evolving fast and becoming increasingly open to foreign investment. The government aims to increase access to advanced technologies and management skills, as well as to augment and diversify export markets while substituting imports.

With 11.2 million consumers, Cuba presents significant opportunities for foreign investors looking to establish a presence through a locally based entity. Bank accounts can be opened by foreigners at state banks, allowing investors and exporters to easily make and receive payments related to their business operations.

Country’s moving ahead of their international competitors and already heavily invested in Cuba include the EU (tourism, exports), China (loans, imports), as well as Brazil, Russia and Iran. Citizens from these regions and countries have already established an expatriate presence on the island and recent improvements in relations with the United State have also inspired a significant increase in American business interest.