CUBA: Cuba to Change Foreign Investment Laws

Monday July 16 2012

It has been reported that Cuba is working on its Law 77 to facilitate the greater inflow of foreign capital and the new version is expected to be enacted before December, 2012.

Efforts are being made for the preparation and updating of the portfolio of projects and businesses with foreign capital, with adequate pre-feasibility studies.

Under the new law, foreign investment will continue to be supported, as a complement to national investment efforts, with emphasis on prioritized sectors.

These developments should favour access to technologies, contribute financing and access to markets, and generate jobs.

This information will be updated as more details become available