Cuban investment group

There is an incredible amount of change happening in Cuba in terms of economic growth, socio-political factors and also business and the subject of foreign investment. There are certainly signs that ease of business is improving in the Caribbean country and there is certainly a push to bring in investors from abroad.

What this amounts to, therefore, are opportunities for private individuals and companies from outside of Cuba to deal with Cuban enterprise and develop competitive advantages for themselves too. Cuban Investment Group focuses on this subject and there really is a lot for investors to consider and keep up to date with.

In mid-2020 one development to attract business interests from abroad was the launch of a single-window service, a kind of one-stop online platform to help improve trade for local and foreign investors. What this new digital solution hopes to achieve is a more accessible and easier way to deal with a multitude of trade-related issues from payments to permits. In late 2019, Reuters reported that foreign investment over the year had amounted to USD $1.7 billion. However, what was also pointed out was that Cuba’s goal was to reach an annual amount of USD $2-2.5 billion. It is expected that a long-term development strategy will be put in place following the impact of Covid-19 on the economies around the world. The pandemic could prove to be the impetus for further business-related reforms being introduced in the future.