Cuba eases its financial policies for the domestic market and presents a new portfolio of foreign investment businesses

[El Presidente]

This "opening up" of business in Cuba has always been directly correlated to domestic economic pressures.  The door opens and shuts. 

If I read the tea leaves correctly, the interesting point on this one is the ability for Cuban entrepreneurs to hold overseas bank accounts. 

Now for anyone who has opened an overseas bank account, you know that the paperwork is immense. KYC (know your client) hurdles are high. 

Here is an excellent opportunity for Miami/US to take a lead in establishing a unique offshore banking service for Cuban entrepreneurs. Help the local Cubans and keep the money (most) out of military banking hands.  

 

 

"Havana eases its financial policies for the domestic market. This was reported on Tuesday by the Minister of Foreign Trade and Foreign Investment, Rodrigo Malmierca, when presenting during the Second Business Forum Cuba 2021 a new business portfolio with more than 670 possibilities.

Among other novelties, now small and medium-sized private companies will be able, like cooperatives, to associate with foreign capital. This includes new flexibilities from the financial point of view, such as the possibility for entrepreneurs to open accounts in banks in other countries."

 

https://marketresearchtelecast.com/cuba-eases-its-financial-policies-for-the-domestic-market-and-presents-a-new-portfolio-of-foreign-investment-businesses/215383/