Cuba, Officially the Republic of Cuba
Cuba is the largest island in the Caribbean, with over 11 million inhabitants. Cuba ranks high in metrics of health and education, with a high Human Development Index of 0.780 as of 2013. Cuba was the only nation in the world in 2006 that met the World Wide Fund for Nature’s definition of sustainable development, with an ecological footprint of less than 1.8 hectares per capita.
According to many sources, there are enormous potential in investing in the Cuban market. Cuba is the largest Caribbean Island and is a natural gateway to Latin America and the United States, lying just 90 miles off the coast of Florida. With its 3,700 km of coastline, Cuba presents unrivaled opportunities in tourism, real-estate, and construction. Cuba has large tracts of arable land and contains a number of natural resources such as chromium, cobalt, copper, gold, iron ore, nickel, petroleum, salt, silica, and timber.
Why invest in Cuba
Cuba offers a potential windfall as one of the last untapped emerging markets in the world. Foreign investment in Cuba is conceived as a complement to the national efforts aimed at economic and technological development. The effort focuses on the search of new markets abroad in order to increase the countries’ exports, grant access to competitive technologies and obtain particularly long-term financing.
Cuba’s comparative advantages include: availability of highly skilled labor capable of assimilating new technologies in a short period of time; adequate infrastructure (95% of national territory is electrified; social stability; safety climate for expatriates; Cuba’s prospects of integration to the region; geographic location in the middle of an expanding market and important commercial routes; signing of Agreements on Promotion and Reciprocal Protection of Investments with 54 countries and 7 agreements for avoidance of double taxation.
The Government’s priority list for foreign investment are : tourism, oil, mining and energy renewable and building homes.
- To encourage the flow of tourists and tourism multi-destination, develop tourism events, corporate, academic and cultural.
- Franchise Agreements: to grant exploitation rights of a product, activity or business name, issued by a company to one or more persons in a given area business.
- Creating new hotel capacities.
- Hotel management contract.
- Development of marinas (including construction of piers, infrastructure, catering services, nautical hardware).
- Construction of golf courses, recreational marine parks. All linked to tourist development projects.
Biotechnology and Health
- Exports of integrated services in various medical specialties.
- Export of biotech drugs, generics and veterinary.
- Exports of medical instruments and equipment.
- Transfer technology to produce biotech drugs, generics and veterinary.
- Development projects Research & Development (R & D) for treatment of cancer and diabetes, among others.
Oil and Mining
- Oil Exploration and investment in infrastructure for the exploitation of mineral resources.
- Marketing of products of mineral origin.
- Development of joint ventures in the field of renewable energies such as wind, biomass, biofuels and hydropower
Cuba lacks more than 800,000 units of housing and over 1,000,000 dilapidated structure according to the most recent government numbers from 2011. Adding in the existing units that are structurally unsound or otherwise unfit for occupancy, the true deficit “could be even greater than 1.5 million. The problem grows each year as more buildings fall further into disrepair, punished year-round by the tropical sun, sea and wind.
Products & Services we offer in Cuba
||Land Planning Services
||Renewable Energy Solution
||Zoning Districts Mapping
||Office Building Construction
||Infrastructure Design & build
||Water Management Design & build
||Solar Farm Construction
||Water Plant Design