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Showing posts from April, 2016

Cuba: The New Frontier for Foreign Investors

On March 20, 2016, President Barack Obama made a historic trip to Cuba as the first sitting U.S. president to visit the country since Calvin Coolidge did in 1928. As Cuban people are enthusiastic about the changes in store for their countries, foreign investors may think hard about the role they want to play in the future of the country's economy. In a nutshell, Cuba represents a lucrative opportunity for foreign businesses, especially those from the United States.  Cuba is home to more than 11 million consumers with nearly 60 years of pent-up demand for foreign goods and services. The Port of Havana is only 198 nautical miles from the Port of Miami. Million of U.S. tourists will need travel-related services for their vacations to Cuba, andEuropean companies have already set up the foundation for foreign investment and business in the country. Nevertheless, there are many things foreign investors need to know before making their commitments in Cuba. First and foremost, the governm…