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The Ministry for Foreign Investment andEconomic Co-operation (MINVEC) ( operates a Center for the Promotion of Investments (CPI) Tel: (537) 223873, 235151, 230181 This email address is being protected from spambots. You need JavaScript enabled to view it., consisting of highly qualified specialists that promote the influx of foreign capital towards industrial, tourist, real estates and any other joint venture businesses. It is responsible for promoting the existing business opportunities for foreign capital involvement in Cuba, as well as overseas investment by Cuban companies. Furthermore, this ministry provides an updated directory with all the possible joint businesses. Essentially, a joint venture will be approved when a Cuban entity requires financial, technological or know-how assistance.

 The first step in complying with local criteria is to provide a duly legalized document accrediting the constitution of the company which is intending to enter the said joint venture, accreditation of the person who will act as legal representative, bank reports and financial statements audited by an accounting company. The general rule is to provide up to 3 years certified accounts. The applicant should also accredit his identity and his company's documentation via legalization at the Cuban Consul where his company is constituted and by the Cuban Ministry of Foreign Affairs in Havana.

 Here is a basic explanation of the application process of what you need to apply for investment in Cuba.

  1. Investigate the business opportunity before submitting any official requests.
  2. Create a detailed presentation for the MINVEC officials
  3. Explain the financial objectives of the project
  4. Explain the methods of recuperating the investment
  5. Fix a term for reimbursement and be realistic
  6. Create a detailed economic feasibility study
  7. Create a detailed marketing study
  8. Prepare your companies documents for accreditation in Cuba
  9. Provide a draft copy of your proposal to officials for recommendations
  10. Once agreed submit the ensemble of documentation for approval

The country has several consulting offices, offering a variety of services to businessmen, as business evaluation, legal assistance, marketing and management and account examinations.

The main Consulting Offices in Cuba are:

Sociedad Civil de Servicios Consultores Asociados S.A. (CONAS)- (Association of Civil Consultants)

Bufete Internacional.

Buró de Investigaciones Sociales y Económicas, S. A. (BISE) -(Social and Economic Reserch)

Bufete de Servicios Especializados (BES) (Specialized Services)


Centro Internacional de La Habana (CIH) S.A.

Also see A Complete Guide to Investing at:


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Information herein is authorized through the courtesy of Christopher Howard, author of the best selling Cuba information source, Living and Investing in the New Cuba. Please be aware that all information herein is protected by COPYRIGHT © and misuse of it will carry a penalty by law.