Business Delegation to Cuba – Interested?

GRTU in collaboration with other
organisations is planning a business delegation to Cuba. We would like to know
if Maltese businesses would be interested to explore business opportunities in
Cuba and potentially participate in this delegation? Send an email on if
interested.

General
Information

Capital:
La Habana (Havana)

Official
language: Spanish

Surface:
110,992 km2 archipelago with more than 1600 Islands, islets and cays.

Population
: 11 millions 163 thousands 934 persons. 50.09% women.

102
inhabitants by km². 75 % live in urban zones

Unemployment
rate: 1.6%

More
than 2,500 cultural institutions.

Social
improvements

Cuba has focused on improving its
social environment by developing projects oriented to protect minorities and to
promote the respect to diversity: racial, ethnic, religious and gender.

Tourism

Increase
of 20% in the last five years

Number
of travellers increased by 15% in years 2010 and 2011

Natural
resources and advantages for tourism

Considerable
increase of hotel capacities

The
Countries Main Exports include

Nickel

Medical
and Biotechnological products such as antibiotics, vaccines, monoclonal
antibodies, veterinary use medicaments, equipments for neurological and
rehabilitation use

Fuels

Sea
products

Sugar
and by products

Cigars

Software
development, informatics integrated solutions, automation services and
technical assistance.

The
Countries Main Imports include

Oils
and Lubricants

Machinery

Equipments

Parts
and Components

Food

Metal
and Manufactures

Chemicals

Why should
you invest in Cuba?

Highly
qualified labour force

Indicators
of population health

Climate
of security offered to the foreign staff

Political
and social stability

Adequate
infrastructure, highlighting more than 95% of electrification of its territory

Natural
resources

Industrial
culture

Great
development and Government promotion of research and development (R & D)
activity, technological innovation and its applications

Agile
and reliable national system of intellectual property administration

Geographical
location in the centre of an expanding market and important trade routes

Participation
of Cuba in regional integration mechanisms

Incentives
to Foreign Investors  in Cuba

The State guarantees foreign
investors free transference abroad, in freely convertible currency, free from
taxes or any fee related to net profits or dividends obtained as a result of
the investment. Income taxes are levied at a rate of thirty percent (30%) of
net taxable income. In cases considered in the nation's interest, the Executive
Committee of the Council of Ministers can exempt all or part of the tax on net
income that is reinvested in the country. It's possible to apply other
incentives according to the special characteristics of each project.