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Corporate Counsel recently published "Foreign Investment in Cuba: 'Sin Prisa, Pero Sin Pausa'" by attorneys Adolfo R. Garcia and Aynel Alvarez Guerra of Brown Rudnick's Corporate group. In the article, Adolfo and Aynel discuss possible future business opportunities and areas for investment in Cuba, which recently opened back up for relations with the United States.
From the Article
"While recent direct negotiations geared at normalizing relations with the U.S. were taking place behind closed doors, Cuba was simultaneously hosting a very open discussion about the adoption of a new Foreign Investment Law (No. 118/2014), which became effective during the summer of 2014.The main purpose of this law is to attract foreign capital, technology and markets in which mutual interests may be pursued. Since the adoption of the law, the Cuban Ministry of Foreign Trade and Investment has promoted what it perceives as the key differentiating factors for investing on the island: the country’s legal framework and its tax incentives, the political stability and geographical location in the center of an expanding Caribbean market, the safety for foreign personnel and, most significantly, Cuba’s highly qualified workforce."
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