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Residents abroad can become economic stockholders in Cuba

Cubanos, residentes, extranjero, actores, económicos

Residents abroad can become economic stockholders in Cuba

Havana, Mar 18 (Prensa Latina) Deputy Minister of Foreign Trade and Foreign Investment (MINCEX) Ana Teresita Gonzalez said on Friday that Cuban residents abroad can become stakeholders in the country's economic development.
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She noted on her Twitter account that Cuban residents anywhere in the world can collaborate with country’s economic and social development through business and investment.

She pointed out that the Portfolio of Opportunities ( presents 60 projects for local development and others that could be attractive to these people.

In due time, the Cuban Ministry of Economy and Planning (MEP) reported the authorization of 118 new applications to create micro, small and medium-sized enterprises (MSMEs) and cooperatives.

Of these new economic stockholders approved, 113 are private, two are state-owned and three are non-agricultural cooperatives.

She informed that there are 2,388 private firms, 51 state-owned companies, and 39 cooperatives that have been authorized since the reform was approved in mid-2021.

Gonzalez added that 57 percent of the total of these companies are reconversions of pre-existing enterprises, while 43 percent are new ventures.

Such possibilities imply that Cuban residents abroad can collaborate with the economic solutions of their country of origin.


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