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ARTICLE · 19 JULY 2023

Doing Business With Cuba: What You Need To Know

Diaz Trade Law
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Cuba is home to 11 million consumers and a growing private sector. Its proximity to the United States (the Port of Havana is only 198 nautical miles from the Port of Miami) makes the country a natural trade partner.

CubaInternational Law
Jennifer Diaz
Jennifer Diaz
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Cuba is home to 11 million consumers and a growing private sector. Its proximity to the United States (the Port of Havana is only 198 nautical miles from the Port of Miami) makes the country a natural trade partner. While changes in policy over the last several years have unlocked new business opportunities in Cuba, there are still regulatory barriers that individuals and companies should be aware of.

U.S. Embargo

The United States imposed a comprehensive economic embargo on Cuba in the 1960's which restricts most trade between the two countries. It also includes restrictions on travel and investment.

Although the U.S. faced pressure to end the embargo, the state of affairs remained largely unchanged until 2014.

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CubaInternational Law
Steptoe LLP
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