USA PRESIDENT HISTORIC TRIP TO CUBA FOR INVESTORS

American President Obama & Cuban President Castro in Old Havana

USA PRESIDENT OPEN CUBA FOR AMERICAN BUSINESS

HAVANA CUBA: USA President Barack Obama arrived in Hanana Cuba on Sunday on a historic 88 year old visit that begins a new chapter in U.S.-Cuba Business Investment with the island's Communist government after five long decades of animosity between the two American neighbors. President Obama landed at Havana's Jose Marti International Airport aboard Air Force One, the presidential jet with "United States of America" across the side which is a sight almost a miracle not long ago.  Obama & his family stepped onto the red carpet in the Havana rain. Obama and his family, smiling broadly and with umbrellas in hand, were greeted by Cuban Foreign Minister Bruno Rodriguez who is the first Cuban to welcome a USA president in over 88 years. They then stepped into a black armored limousine that was flow in from Washington, with U.S. and Cuban flags on the hood, and headed out in their Cuba-USA motorcade.

Th is is the first trip to Cuba by a U.S. president to Cuba in 88 years, after 18 months of diplomatic openings announced by Obama and Cuban President Raul Castro in December 2014, ending a Cold War-era estrangement that began when the Cuban revolution ousted a pro-American government in 1959.  Obama, who abandoned a longtime U.S. policy of trying to isolate Cuba, wants to make this US-Cuba shift irreversible. But major obstacles remain to full normalization of ties, and the Democratic president's critics at home say the visit is premature.

Traveling with first lady Michelle Obama, her mother and their daughters, Sasha and Malia, the president was to visit the newly reopened U.S. Embassy and then play tourist on his first night on the Caribbean island, taking in the sights of Old Havana. He will hold talks with Raul Castro – but not his brother Fidel, the revolutionary leader - and speak to entrepreneurs on Monday. He meets privately with dissidents, addresses Cubans live on state-run media and attends an exhibition baseball game on Tuesday.  With over five decades of hostility between Washington and Havana president Obama is making World History as the first sitting American president to visit Cuba since Calvin Coolidge arrived on a battleship in 1928.

US BUSINESS OPENS IN CUBA

It is also another major step in chipping away at remaining barriers to U.S.-Cuba trade and travel and developing more normal relations between Washington and Havana.  Obama and his family will have a tour of Havana followed by a
State Dinner and a Cuban All Star baseball game followed by his First TV address directly to teh people of Cuba on Cuban TV tonight at 10pm.

Since last year the two sides have restored diplomatic ties and signed commercial deals on telecommunications and over 100 flights with regular airline service.  CUBA has also announced that it has signed business Joint Ventures with Starwood hotels & Resorts as well as expanded Private room bookings with Air BnB of USA. Soon many other American companies will be opening Cuban investments with the blessing of the American and Cuban governments




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CUBA SEEKS ANOTHER $8.2BILLION CUBAN INVESTMENTS

HAVANA CUBA INVESTMENT IN TOURISM TOPS $2 BILLION

CUBA INVESTMENT OPPORTUNITIES TODAY!

Havana Cuba- The Cuban government is once again asking Investors for over $8.2 billion in foreign investment in 326 pre-approved projects ranging from the production of Cuban rum to an entirely new venture creating high definition, pay-per-view television.

Cuba's Foreign Trade Minister Rodrigo Malmierca opened the ready-made investment opportunities, officially called the "Cuban Investment Portfolio", at the 33rd annual Havana International Fair (FIHAV).

Forty of the 246 projects advertised on last year's Cuban wish list are in "advanced negotiations" and have been removed from this year's portfolio, Malmierca said.

This year's catalog has 80 more defined Cuban Investment projects than last year's, but the total value is $500 million less.

CUBAN TOURISM $2BILLION IN CASH

The projects form part of Cuba's attempt to bring in another $2 billion in foreign direct investment a year. The Cuban Investment Minister reported Cuba has signed 36 deals since a new foreign investment law was approved last year, including six at the special development zone around the port of Mariel, but did not say how much they were worth.

While most of the newly signed projects are joint ventures with the Cuban state, an unspecified number were financed with 100 percent foreign capital, Malmierca also promoted Communist Cuba's small but growing private sector in an effort to show the country was modernizing.

"We realize, I repeat, that the private sector, cooperatives, and other forms of property and management, have a space within our future development model,"  The portfolio includes new opportunities in healthcare, tourism, transportation, construction, agriculture and renewable energy.

Also added to the list were two projects to make and distribute rum, one of Cuba's signature products.

One is a $27 million joint venture for the obscure Perla del Norte brand for export and national consumption. The other is a similar $44 million joint venture for the more common Cuban brand.

There's also a $6 million project for installing high-definition paid television channels on the national broadcaster.

Five high-end Cuban Travel hotels and Cuban Beach villa construction joint ventures and 59 lodging management contracts are available, as well as the construction or expansion of seven marinas.

Cuba once relied heavily on trade with the Soviet bloc, which later collapsed. Even though Cuba trades with 75 countries and trade has tripled in the last decade, it relies heavily on socialist ally Venezuela, which is struggling with an economic crisis.
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CUBA INVESTMENTS-THE REAL TRUTH

Cuba Investment Nightmare

CUBA INVESTMENTS THE DARK SIDE

Open Letter CUBA INVESTMENTS from Coral Capital Steven Purvis warning investors about his experience as to the nightmare in investing in the Cuba The REAL STORY!

DEAR CUBAN INVESTMENTS

 I enjoyed reading about my misfortunes in the Economist, albeit many months after publication and in the company of fellow inmates in the Cuban high security prison, La Condesa. I would ask you to correct the impression that you give in the May 9th 2012 edition and subsequent articles that I was accused and detained for corruption.

During my 8 month interrogation in the Vila Marista I was accused of many things, starting with revelations of state secrets, but never of corruption. After a further 7 months held with a host of convicted serious criminals and a handful of confused businessmen, most of whom were in a parallel predicament to mine, I was finally charged and sentenced for participating in various supposed breaches of financial regulations. The fact that the Central bank had specifically approved the transactions in question for 12 years, and that by their sentencing the court has in effect potentially criminalized every foreign business investing or trading in Cuba was considered irrelevant by the judges. I am thankful however that the judges finally determined that my sentence should not only have with a conditional release date a few days before the trail thus conveniently justifying my 15 months in prison, but, bizarrely was to be non-custodial. So my Kafkaesque experience at the sharp end of Cuban justice ended as abruptly as it began.

I spent time with a number of foreign businessmen arrested during 2011 and 2012 from a variety of countries, although representatives from Brazil, Venezuela and China were conspicuous in the absence. Very few of my fellow sufferers have been reported in the press and there are many more in the system than is widely known. As they are all still either waiting for charges, trial or sentencing they will certainly not be talking to the press. Whilst a few of them are being charged with corruption many are not and the accusations range from sabotage, damage to the economy, tax avoidance and illegal economic activity. It is absolutely clear that the war against corruption may be a convenient political banner to hide behind and one that foreign governments and press will support. But the reasons for actively and aggressively pursuing foreign business are far more complicated.  Why for example is the representative of Ericsson in jail for exactly the same activities as their Chinese competitor who is not? Why for example was one senior European engineer invited back to discuss a potential new project only to be arrested for paying technical workers five years ago when he was a temporary resident in Cuba?

You interpret the economic liberalization evident at street level as an indication of a desire for fundamental change. It is true that these reforms are welcomed, especially the dramatic increase in remittance flows that have injected fresh hard currency into the bottom strata of a perennially cash strapped economy. But until the law relating to foreign investment and commerce is revised and the security service changes its modus operandi for enforcing these laws, Cuba will remain extremely risky for non-bilateral foreign business and foreign executives should be under no illusion about the great personal risks they run if they chose to do business there.  As businessmen emerge from their awful experience and tell their individual stories perhaps the real reasons for this concerted attack against business’s and individuals that have historically been friends of Cuba will become a bit clearer. In the meantime your intrepid reporters could usefully investigate the individuals and cliques who are benefiting from the market reorganization and newly nationalized assets resulting from this “ war on corruption”.

Yours faithfully,

Stephen Purvis

CUBA REAL ESTATE INVESTOR 

CUBA INVESTOR HUGO CHAVEZ DEAD!

Venezuelan President Hugo Chavez Dies Today of Cancer

 FIDEL CUBA SORRY HUGO CHAVEZ DEAD!

Cuba's top investor has died today  at the young age of 58. Venezuelan President Hugo Chavez was pronounced dead by Nicolas Maduro Vice President of Venezuela who officially announced the death on national television.

Chavez was suffering fro cancer for many years and was recently had surgery and was treated with experimental drugs in Cuba. Cuba medical doctors reported that Chavez had a severe infection that was spreading quickly due to the chemotherapy treatments and the weak state of his health

Hugo Chavez was one of Latin Americas most colorful leaders with his customary revolutionary combat fatigues. He was a very controversial figurehead and  long time protege to his best friends Fidel Castro and his brother Raul Castro the President of Cuba. Hugo Chavez extended billions in free credits to Fidel & the people of Cuba in the hopes of strengthening their Latin relationship. Venezuela gave billions in free oil tankers to Cuba and Fidel reciprocated with millions in free health care & education to the poorer people of Venezuela.

 The Cuban leader Fidel Castro mourns the loss of his friend Hugo Chavez. (Photo credit: Wikipedia)

Chavez was also one of the key figures in the Latin Axis of Evil which Included Fidel Castro, Hugo Chavez and Evo Morales of Bolivia. The infamous Latin trio were trying to build support in favor of a Latin free trade zone which would shut out the United States of America. The radical idea did not catch on as many other Latin countries are too heavily dependent on the USA.

Under President Chavez Venezuela became one of the richest Latin countries mainly die to the high price of oil and the thirsty needs of the American consumers of energy. He also brought much more education, schools, hospitals and clinics to the very poor from every corner of Venezuela.
Hugo Chavez was loved by the poor, hated by the rich and a true David and Goliath figure to most of Latin America revolutionaries along with Che Guevara and Fidel Castro. He will be buried in Venezuela and funeral arrangements are being made by the Venezuelan state.

Hugo Chavez Facts:

Hugo Rafael Chávez Frías
Born: July 28, 1954, Sabaneta
Presidential term: February 2, 1999
Political Party: United Socialist Party of Venezuela
Spouse: Marisabel Rodríguez de Chávez 1997–2004 and Nancy Colmenares 1977–1995
Four Children: Rosines Chavez, María Gabriela Chávez, Rosa Virginia Chávez, Hugo Rafael Chávez
Educated: Military academy of Venezuela, More

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Invest in Cuba Oceanfront Homes

 New ways to invest in Cuba and buy oceanfront homes

Prior to the revolution of 1959, for decades, Cuba embraced capitalism and issued stocks and bonds for commerce and infrastructure. Cuba has, to date, defaulted on its issued bonds and they no longer trade on the New York Bond Exchange because of the Helms Burton Law. Since the ascent to greater power of Raul Castro, many investors are once again looking for enlightened change in Cuba and want to invest, in some manner, to benefit from increasing GDP and business within Cuba.

The plans to invest in Cuba marched very well in Havana of end of the Nineties. The government had authorized a Canadian firm of entrepreneur, interested in investing in Cuba, the construction and sale of oceanfront apartments and even signed a contract of $250 million dollars. However, Fidel Castro cancelled the project, which provoked not few critics and disappointment in others interested by the idea of investing in Cuba.

A decade later, the possible construction and sale of oceanfront homes  seems increasingly; although the expert on the subject suggest to go slowly and to study the steps adopted by the government , presided by Raul Castro in the form of investing in Cuba. The Cuban president recently signed an executive order, providing a green light to the expansion of projects to invest in Cuba, which includes the construction of 16 golf courses, in beach areas. These fields would be surrounded by luxurious oceanfront, whose prices would oscillate between 250 thousands and the million dollars. The Cuban Minister of Tourism, Manuel Marrero, declared that as of January of 2011 the negotiations with prospect investors will be opened to those interested on investing in Cuba in the construction of 16 golf courses; even thought the official stated there are already four projects that are well advanced in processing permits.

Invest in Cuba Beachfront Condos

The reasons for the sudden change in the government of the Island are in which it would represent the Cuban tourism to obtain a leap towards an unexplored segment: the one of luxury travel, that it has between his potential market to the United States, a nation that counts on almost ten thousand clubs of golf players and three million yachtsmen, many of which, in case of a relaxation from the Washington embargo, could be interested to invest in Cuba. Among the most developed concrete proposals is that of a group of British businessmen seeking, and to construct a second golf course in the main tourist to invest in Cuba, specifically in Varadero, where they intend to build a second golf course and the main tourist attraction of the island. Besides the playground, they would rise 900 houses, many of them in facing the  sea and an pleasant comfort luxury, since the cost of one of these houses in front of the ocean could exceed a million dollars.

Another proposal to invest in Cuba, lead by a group of Canadian investors is a plan to construct two golf courses and nearly 2,000 homes in the exclusive seaside area of Guardalavaca, in the province of Holguín, the eastern part of the country; a popular tourist destination which attracted two million, 430 thousand visitors in 2009. Included in the list of prospect investors in Cuba is a group of Canadian who would finance the Bellomonte project, in the beach of Guanabo, in the capital of the country. There the idea is to construct a golf course, a small marina and 800 homes.

In spite of the great media coverage that its received the new law on the possibilities to invest in Cuba, Minister Marrero, himself clarified several aspects because the procedures of the operations are not yet defined, specifically those related to the people that could acquire the beachfront properties, those that could invest in Cuba, as well as if the owners could sell the land. Experts concurred on emphasizing these concerns when the Cuban government, as of 2011, offers more details on the operations, then one could only expect a true interest to investing in Cuba.

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LIST OF CUBA INVESTMENTS

Invest in Havana Cuba and Varadero Hotels, Condos & Resorts

 INVEST IN CUBA INVESTMENTS

Cuba Tourism Hotels & Resorts

Tourism in Cuba is the 1 area of investment for international hotel & Resort companies that want a future presence into the very profitable Cuban tourism industry. Melia Hotel & Resorts, Accor and Publicly traded Sherritt International are the leaders in this hot investment sector of tourism in Cuba. Foreign involvement in Cuban tourism has many smaller travel agencies and tour representatives who have offices in Cuba as well as most major tourism based travel vacation airlines that offer flights to Varadero, Santiago, Cayo Coco & Havana Cuba.

The Cuban tourism ministry is keen to attract further foreign investment for various hotel developments in order to prepare for the eventual changing of the US travel ban which will be lifted in the next year. The lifting of the American Travel Embargo against Cuba would generate millions of American tourist. Cuban tourism authorities are seeking investment from International hotel & resort developers that want to build hotels outside of Havana and Varadero beach.

Real Estate In Cuba

 HAVANA. Russian President Vladimir Putin and Cuban leader Fidel Castro. . (Photo credit: Wikipedia)

Cuba keeps changing the rules in the right direction as many new apartment buildings were opened to foreign investment and ownership in 1995.  There are two primary JV's involved in commercial real estate. These are Inmobiliaria Monte Baretto S. A. and Inmobiliaria Aurea S. A. , both with international investors and foreign shareholders, which have developed the Miramar world Trade centre and La Lonja del Comercio for retail and commercial rental of office space. 

Currently real estate is limited to Cubans but this could change very soon as Cuba continues to open the real estate investment opportunities to foreigners. Opportunities in the residential market have been pursued by Canadian Publicly traded company Lesiure Canada, one of the shareholders in the largest commercial real estate project (Monte Baretto)

Oil & Gas In Cuba

Sherritt International is the main investor in this sector with over $900 Million in investment in Cuba. Cuba is seeking investment in new project for energy alternatives and will give very quick replies to foreign investors that have good ides, New Technology and available financing. Oil and gas service companies have gone bust but they continue to present their services in oil & gas exploration.

Cuban Agriculture

 Sugar and fruit are the main foreign investors with deep investments in citrus fruits with the largest Investor being an Israeli group which has recently reduced its interest.  Ethanol & Biomass energy conversion plants is another priority for the Cuban government with discussions between Brazil and Venezuela.

Banking Financing In Cuba

Cuban President, Raul Castro, has allowed European and Canadian banks in Cuba for many decades participating in trade and financial deals since the early 1990’s.  Even in Travel & health Insurance, Heath Lambert and Lloyds of England have been the leader in Cuban Insurance and  re–insurance of certain higher Cuban insurance risks such as project and infrastructural debt financing which is a strategic area for attracting foreign investment. Cuban bank President under Castro will facilitate meetings from interested investment groups.
 

Cuba Investment Funds

The list of Cuban investment funds and other investment vehicles is short. Currently investing in Cuban fixed income debt as well as equity investments is the only possibility that international investment  Funds have in Cuba investments. The only investment companies that are investing in Cuba are Leisure Canada, Ceiba Finance and Coral Capital (UK registered) which has their two top executives in Jail for corruption charges. European investments has also been reported by a very small German fund called Kuba Investments.

New Cuba investment funds are encouraged to establish good relationships and a physical  presence in Cuba. Many interesting  projects at different stages of development are seeking financing and capital investments long as the investment company has passed the approval process with the Cuban authorities.

Cuban Biotechnology

This is an area where Cuba really can make a difference since Fidel Castor invested over $300 Million to create a world class bio-technology research center on this Cuban island paradise. York Medical and smith Kline and several other biotech firms have invested large sums of money and signed research agreements to develop certain drugs with Cuban biotech entities called CIMAB S. A. and CIGB S.A. Cuba has also several agreements to manufacture international vaccine treatments with Iran, Brazil, China and most recently  with India’s Biocon Bio-pharmaceuticals Ltd.

Cuban President Raul Castro has made this sector a top priority area and has received a great deal of attention since the 1980’s. Biotechnology has the most potential in investment risk returns and is much open to new investors although the investment model developed by the Cuban financial and investment ministry has open to international pharmaceutical companies.

Cuban Technology & Software

Cuba has over 200,000 advanced computer technology programmers in every sector of technology and software development. Technology in Cuba has been compared to silicon island of the Latin world. Many high tech companies will be looking to invest in Cuba as soon as the American embargo is lifted. Presently few foreign companies have elected to invest in this sector however it is agreed that Computer & technology in Cuba will be a huge growth industry in the near future as Cuba continues to develop thousands of Computer PhD's that will be the seeds to the future advancement of this sector of the Cuban investment economy.

Cuba Investments

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INVEST IN CUBA

Cuba open for Investment in Havana

 Cuba Investments

Cuba has once again opened its doors to foriegn investments due to the new vision of the younger Cuban President Raul Castro who took over command from his brother Fidel Castro just 3 years ago.

Cuba has expressed interest to allow investment in the Oil & Gas sectors in huge tracts of water off the shores of Havana and Varadero just 90 miles from Miami Florida. 

Currently publicly traded Canadian company Sheritt International  (S.TO) has invested over $500 Million in various sectors of the Cuban economy such as oil, beach hotels and tourism in Cuba.

Many foreign oil companies has been exploring offshore oil in Cuban waters but all have come up dry so far.

The current Oil and Energy solution comes to Cuba directly from Venezuela who's President, Hugo Chavez has been supporting Cuba in the same manner as Russia during the cold war years.

Cuba has been offering huge incentives to some of the worlds biggest oil companies such as Repsol from Spain, Petrobras from Brazil, OLV from India, Petronas from Malaysia and Norsk-Hydro from Norway.

Most of the oil drilling has been done by Oil drilling rigs imported and financed from China using non-American technology.

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INVESTORS JAILED IN CUBA

Invest in Cuba, Havana, Varadero is high risk venture

INVESTORS JAILED IN CUBA

News from Cuba: Cuba Investors Beware! If you invest in Cuba and you may go to jail!

Havana- Cuba has jailed 6 of its biggest investors for alleged corruption of the Cuban economic system. Another 4 long time Cuban investors are all running scared as they have privately stated that in Cuba you can get arrested for anything because the Cuban laws are written so that everything is illegal. The main reason the Cuba government does this is with no concrete laws to protect investors they can easily accuse foreigners at any time for any crime and then proceed to confiscate the entire Cuban joint venture business with all its assets for Free.

 Experienced Cuba investors in Havana & Varadero have seen this happen time and time again. Over the years Cuba has found countless creative ways to basically steal the investments of thousands of foreigners business in Cuba with the same sad ending to every investors story. In the end the foreign investors looses every single penny to Cuba.

English: The Hotel Inglaterra in Havana, Cuba (Photo credit: Wikipedia)

The list of long time famous investors that have helped Cuba build its economy is long so here is a list of the top investors that after between 10 to 20 years of investing in Cuba have all been given 2 options.  Leave with nothing or get thrown in jail with nothing. Either way the end result has been tragically the same for this list of Cuba Investors:

Cuban Investor in Jail lists:

1. Amado Fahkre- British - Saratoga Hotel- Coral Capital
2. Steven Purvis - British - Coral Capital
3. Sarkis Yacoubain - Canadian - Importing Cuba
4. Cy Tokmakjian - Canadian - Importing Cars and Machinery
5. Max Marambio- Chile-  Río Zaza joint venture
6. Telecom Italia - Italy - Telephone -Internet- Communications
7. Spain Repsol Oil- Spain - Oil & Gas Exploration
8. Pizza Nova- Canada- Pizza Franchises across Cuba
9. BM Group- Israel- Various Investments in Cuba, Havana, Varadero, Trinidad, Cayo Coco

These visionary investors took huge risks and invested in Cuba back in the 1990's when Cuba desperately needed cash and now they have lost everything as Cuba begins to dissolve the partnership and confiscate all the assets of these Joint Ventures in Cuba.

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