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| Investments in Havana Cuba now open |
Before Fidel Castro revolution of 1959, Cuba embraced capitalism and issued more investments in stocks and bonds for commerce and infrastructure than any other country in the world including the USA. Now Cuba has unfortunately defaulted on its last issued bonds and are not traded on the NYSE or New York Bond Exchange due to the American Embargo law, better know as the Helms Burton Law. However now that Cuban President Raul Castro has begun to open the Cuban investment opportunities, many investors are once again looking for big changes in Cuba. Most smart investors are looking for opportunities to invest in Cuba to maximize their growth from increasing GDP and business within Cuba. American President Obama Administration is also planning a new fresh look at USA-Cuba relations similar to the recently announced new look at USA-Iran relations. A welcome move by Cuba by allowing the complete release of political prisoners, pluralism, true democratic process and monitored secret ballot voting will be reciprocated by positive efforts from many nations like Spain Canada, Brazil and more importantly the USA to help the people of Cuba.
Cuba Economy needs Investment and financial access to global capital and entrepreneurial capitalists to supply funds to open Cuban contracts to be honored. Cuba has traded doctors and healthcare professionals in exchange for oil with Venezuela. Cuba also has current joint investment ventures with Spain, Canada, Brazil, India, China, Russia and others to build out infrastructure, explore for oil in the Gulf of Mexico, improve transportation, and get needed things that are not available from the USA.
HOW DO I INVEST IN CUBA?
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| Cuba Beaches (Photo credit: citronate) |
One way is to purchase Cuban issued debt. Good Luck! These tricky bonds can be purchased through European broker dealers. U. S. citizens are limited by USA laws as to how they can invest in Cuba however U.S. citizens can buy shares in international securities that do business with Cuba but do not receive a majority percentage of Profits of their corporate revenues from Cuban activities and operations. Therefore an American investor can easliy and legally buy into Canada, Spain and Mexico and other companies that have corporations doing business directly with Cuba.
The Cuban investment options include a closed end investment fund, based in Miami, Florida has a portfolio of companies within the fund that the manager believes will benefit from a lifting of the US Embargo against Cuba. The prospectus of the closed end fund (NYSE symbol: CUBA) lists the companies. Many of these companies can be purchased directly by investors without any need to purchase the closed end fund itself.
Insider Cuban investors know that best kept secret investment for Cuba in the short and long term is the closed end investment fund that was listed on the Channel Island Stock Exchange, under the symbol CIEBA with a focused portfolio of investments directly inside Cuba. CEIBA Investments Ltd. www.ceibainvestments.com is currently the largest listed company exclusively dedicated to investments in Cuba with interests in Cuban commercial property and tourism real estate assets.
It is the foreign shareholder of the Cuban joint venture that owns the Miramar Trade Center in Havana and also holds interests in four hotels managed by the Spanish hotel operator Meliá. However, US persons are currently prohibited from investing in a Cuba dedicated company such as CEIBA. As for management? CIEBA Investments has also put together the most expereinced foriegn investment management team that live and work directly from Havana in Cuba to manage the day to day operations of the Cuban joint Ventures.
Any investor in the World can travel to Cuba without restrictions EXCEPT U.S. citizens. Travel to Cuba is not restricted for U.S. citizens but spending any money in Cuba is illegal over a certain daily allowance or unless you have a General or Specific License from the US Treasury Office of Foreign Assets Control.
These American regulations and restrictions against Cuba will change under the Obama Administration and soon many US citizens will be able to travel to Cuba. Additional ways US investors can legally travel to see Cuba and make Cuban contacts for business in order to find potential future opportunities is to travel with your State Governor or agricultural trade delegation to Cuba or, if you are licensed healthcare professional, you may be able to travel to Cuba with any non profit health, information, travel or even business group.
Diversified investors may be interested in emerging markets and Cuba will emerge as a powerhouse of Silicon Island in the areas of biotechnology, energy (sugarcane, oil) and tourism. Investing in Cuba will be compared to investments in oil, gas, gold and other precious metals when they were only pennies on the dollar. Let hope we are right on this Investment in Cuba.
