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 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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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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CUBA INVESTMENTS

Havana, Cuba (Photo credit: Nathan Laurell)

Invest In Cuba

Cuba is one of the greatest investment opportunity in the world and the timing to Invest in Cuba could not be better. Cuba investment projects  have been offered to international investors today and in the future as the USA American embargo and presidential political climate changes towards Americans investing in Cuba.  First you must understand that investing in Cuba can be a highly risky venture that may be minimized by buying  short term Cuban Investment Mutual funds until the political climate changes or until the Castro  influence is completely gone. Canadian, European and even American companies who wants to invest in Cuba can go ahead with the investment as long as the U.S. government allows the Cuba Investment an exception to the Office of Foreign Assets Controls (OFAC) regulations.
Opportunities for Cuba Investments are now being offered in medical supplies, food, agriculture and other more obvious business opportunities such as real estate investment in hotels, Condos, Villas beachfront resorts and even mortgage financing which may be the best strategy to participate in investments into Cuba.

Why Invest in Cuba?

Bacardi Building (Photo credit: Wikipedia)

Cuba is the land of unlimited investment Opportunity! You have to understand that in Cuba its like turing back the investment calander back to 1959 when Fidel Castro took over Cuba. Can you imagine that Cubans have literaly nothing and need everything we already have so there is enormous potential in the Cuban market for American made products and services such as McDonalds, Ford, GM, GE, Hilton, Marriott, etc. Cuba is the largest Carribean Island and is a natural investment gateway to all Latin America from the United States, lying just 90 miles off the coast of Florida. Cuba with over 3,700 km of coastline, is a perfect opportunity for massive growth in tourism, real-estate, and related industries. Cuba has large tracts of virgin land and with abundant natural resources such as chromium, cobalt, copper, gold, iron ore, nickel, petroleum, salt, silica, and timber.  Also Cuban infrastructure is in desperate need of repair and the Cuban population is the most skilled worker pool in all of Latin America with a 97% literacy rate and offers highly trained technicians for technological industries

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