Professional Documents
Culture Documents
JOSE R. CABANAS
November 2016
Foreign investments shall enjoy protection and security and can not be expropriated.
The State shall guarantee the free transfer abroad, in freely convertible currency, free
from taxes or any other fees, of the dividends or profits obtained by the foreign
investor.
Foreign investments in the country shall be protected against legal claims by third
parties or the extraterritorial implementation of other states laws.
The foreign investor can sell or transfer his rights to the State, the parties of the
economic association or to a third party, provided this is previously authorized by the
government.
Foreign investment shall be subject to the special tax regime established in the Act
until the deadline for this special tax regime is due.
The Cuban state shall guarantee that the benefits granted to foreign investors and
their investments are maintained during the whole period for which they were granted.
The term of the authorization granted for the development of operations may be
extended by the very authority that granted it, provided that such extension is
requested by the parties concerned before the set deadline expires.
It considers projects in all sectors which are defined as priorities for attracting foreign
investment
It contains
24
in the ZEDM
The estimated investment amount of the projects contained in the portfolio exceeds
US 8 billions.
The projects included in the portfolio have been presented by Cuban companies, according to sectorial
development strategies and policies adopted.
Most of the projects have viability studies or technical and economic pre-feasibility studies, developed by
organizations specialized in these activities.
The portfolio presents widely information about the benefits of investing in Cuba, data from the existing foreign
investment in the country, the 25 general principles of the aforementioned policy and a summary of the taxation
legislation.
Each project has a specification sheet showing it main features: description, modality of foreign investment,
Cuban counterpart, the estimated investment amount , location, potential market, expected results and contact
details.
The Portfolio of Opportunities will be updated on a yearly basis, at the Havana International Trade Fair.
Transportation: 10, to modernize Cuba's transportation infrastructure. Specifically, Cuba plans to expand its
port, roadway, and rail capacity and improve its system for repairs and technological updates of vessels and
trains. This includes preparing port facilities to receive cruise ships and bringing its commercial aviation
services up to international standards.
Industrial: 16, To promote projects to modernize and create new capacities (e.g. to produce bottles and
packaging, recycle raw materials), manufacturing electronic equipment and electrical appliances, chemical
products and by-products, medical equipment, textiles, clothing and accessories, hygiene products, perfumes
and cosmetics. Cuba seeks to cover their national demand, replace imports and increase exports.
Renewable Energy: 23, The goal is to create, enlarge and modernize production capacities and to promote
projects to generate energy from renewable sources.
Agro Food: 76, Comprehensive agro-industrial projects to increase food production; encourage sustainable
development; and increase efficiency, quality and competitiveness in the different forms of production
management. Cuba is seeking FDI for 76 projects, 36 more projects than last year.
New or restored
railways
New four-lane highway
providing access to Mariel
464km2 of total area
available for development
in the context of ZEDM
www.zedmariel.com
It constitutes a space in the national territory that is not delimited within the customs boundaries, and in which
special policies and regimes are applied, with the goal of promoting sustainable economic development by
attracting foreign investment, technological innovation and industrial concentration, with a view to increasing
exports, effectively replacing imports, and generating new sources of employment, in constant articulation with
the domestic economy.
Activities and sectors prioritized in the MSDZ:
Biotechnology and pharmaceutical industry
Renewable energy
Agro-food industry
Tourism and real estate development
Canning and packaging industry
Agriculture.
Telecommunications and informatics
Investment in infrastructure
www.zedmariel.com
www.zedmariel.com
www.zedmariel.com
USD 722
million
2 318 jobs
Capital
9 100% Foreign capital
2 Joint Ventures
1 AEI
www.zedmariel.com
www.zedmariel.com
Infrastructure
2015
Future
Berth length
702
2400
56.0
59.0
4 (6*)
24
RTG
12
72
Prime movers
22
132
Empty C. Handlers
18
Reachstackers
Area (ha)
27.7
95
Reefer plugs
1140
2500
800,000
3,000,000
Total capacity(TEU)
Railway facility
RMG
Railway tracks
Capacity (TEU)
120 000
300.000
Gulfport
10.9 m)
Mobile
Houston (13,6
(12.15
New
Orleans
m)
m)
13.6 m)
Tampa
(13,0 m)
Marie
l
Altamira (12,2
m)
Charleston
Savannah
(13,6 m)(12,7
m)
Jacksonville (12,1 m)
Port Everglades
(12,7 m)
Bahamas
Miami (15,8 m)
Progreso
500nm
750nm
Kingston
Veracruz
Puerto Castillo
1,000nm
(15.0m)
Caucedo
Puerto Cortes
Puerto Limon
Panama
Cartagena
www.zedmariel.com
Industrial
Development
Next
phase
Logistics
Zone
Future
phases
www.zedmariel.com
7 Governors and
1 Liutenant Governor
visited Cuba
13
Bilateral
Agreements