The Portfolio of Opportunities for Foreign Investment in Cuba 2017-2018 presents in detail the main sectors in which foreign investment can focus its activity in order to develop a commercial activity in Cuba.

In the first place, the favorable business environment in Cuba is highlighted as a result of the approval of Law No. 118 and its complementary regulations. Among the main advantages that foreign investors will enjoy, we may include the formulation of sectoral policies for the identification of investment opportunities with foreign capital that allow access to the Cuban market and its consumers, as well as the government policy that prioritizes research and technological innovation, all within a secure and transparent legal body that guarantees the necessary political, social and legal stability that results in a high security climate for foreign investors. Success of foreign investment in the Island is also stimulated by its geographical location at the center of an expanding market, with infrastructures that allow adequate communication for the development of commercial activity, as well as its high indicators in education, social safety, health of the population and qualification of the workforce, and the existence of institutions in service of the investors.

It must be taken into account that foreign investment is also favored by the signing of the Agreements to avoid Double Taxation with Spain, Barbados, Italy, Russia, Portugal, Qatar, Lebanon, China, Vietnam, Austria, Ukraine and Venezuela. In addition, 63 Agreements for the Promotion and Reciprocal Protection of Investments (APPRI) have been signed.

Concerning the results of the foreign investment so far, it should be noted that at the end of 2016 there was a clear predominance of international economic association contracts, representing 50% of those concluded in this period; and within them, the Hotel Administration Contracts are the most frequent. There is also an important incidence in the constitution of joint ventures, with 46% of the total amount, with the remaining 4% representing companies with entirely foreign capital. Finally, in 2016, the international economic associations reported sales of more than 4 billion CUC, 45% of which are exports. In this regard, the most attractive sector for foreign capital has been tourism, followed by mining and energy activities, and industry.

Among the opportunities for foreign investment, special mention should be made of the existing opportunities in the Mariel Special Development Zone, which represents a space in which special regimes and policies are applied, with the purpose of promoting sustainable economic development through the attraction of foreign investment, technological innovation and industrial concentration.

Finally, we must refer to the sectors that may be subject to foreign investment, these being the following: Agricultural, Forest and Food; Sugar; Industries; Tourism; Energy; Mining; Transport; Pharmaceutical and Biotechnological Industry; Health; Building; Commerce; Telecommunications, Information and Communication Technologies and Postal Services; Hydraulic; Banking and Financial; and Culture.