With the passing of Law No. 118 and its complementary norms a favorable business climate
has been set up in Cuba. Other advantages are added to tax incentives and these invite
foreign investors to choose Cuba as investment territory. Among these advantages:
Formulation of sectorial policies for identifying investment opportunities with foreign
capital that permits access to the Cuban market and its consumers.
Secure and transparent legal framework.
Political, social and legal stability.
Geographical location in the center of an expanding market.
Climate of safety for foreign personnel.
High indicators for education, social security and health of the population.
Highly qualified workforce.
International agreements signed by Cuba with the Latin American Integration Association
(ALADI), the Caribbean Community (CARICOM), the Bolivarian Alliance for the Peoples
of Our America (ALBA), the Common Market of the South (MERCOSUR), the European
Union (EU), the World Trade Organization (WTO).
Governmental policy that prioritizes research and technological innovation.
Promotional institutions at the service of investors with qualified personnel.
Basic infrastructure throughout the country: communications networks; over 20 airports;
ports admitting deep-draft vessels; over 95% of national territory with electrical power; rail
and highway communication.