French Spanish

how to do business in cuba

foreign investment in cuba
investment application
banking regulations
free zones and industrial parks
comercial relations with foreign firms
administrative tariffs
real estate & building
business consulting
more Cuba sites

Ads By CiberSpaces

Decree-Laws numbers 172 and 173, of May 28, 1997,issued by the State Council

The Central Bank of Cuba, created as a new controlling, regulating and supervising institution for the financial bodies and the representative offices based in Cuba, including the Trade-Free Zones and the Industrial Parks, has among its more important duties to control the national currency's stability, to contribute to the economic balance, to safeguard and manage the country's international reserves, as well as to guarantee the normal working order of payments, both internal and external. The banks and non-banking financial institutions, such as the Cuban Central Bank does, have autonomous character, independent legal personality and its own heritage, it covers its own expenses with income and they are not responsible for the State's obligations or those of its bodies, bureau, companies or other economic institutions.

As part of the reorganisation of the National Banking System and the changes introduced by the new legislation, adapted to international practice and structure, the Grupo Nueva Banca SA was created, it is the major shareholder of the following organisations:

Banco Internacional de Comercio, S.A.
Banco Metropolitano, S.A.
Banco de Inversiones, S.A.
Financiero Internacional, S.A.
Casas de Cambio, S.A. (CADECA)
Compañía Fiducidaria, S.A

Operating ont the island are also the Banco Exterior de España, the Banco Bilbao Vizcaya , the Banco Nacional de México and the Fransabank, ING Bank they all enjoy absolute autonomy in their financial activities.

As part of the reorganisation process of the National Banking System, the Banco Popular de Ahorro was granted a license to develop all kinds of profitable activities related to the banking system, both in national and national convertible currencies, with natural and legal persons, national, foreign or mixed capitals.


Ads By CiberSpaces

Ads By CiberSpaces

Available now!
Reside in Havana now!...

World Class: dental,
surgery, plastic surgery,...

  • Cuba Car Rental Discounts
    Cuba Car Rental Discounts
    Due to the drastic reduction in fleet purchases for 2014, Cuba Car Rental companies Havanautos, REX, CubaCAR and Via have recently introduced discounts for advance bookings. Responding to recent reports [...]
  • Cuba Car Rental Models 2014
    Cuba Car Rental Models 2014
    Cuba Car Rental companies REX, Havanautos, CubaCAR and Via have purchased new models for the upcoming 2014 season. These models include the Morris Garage MG3 and, the larger MG6. The [...]
  • Car Rental Cuba | Geely Emgrand reviews
    Car Rental Cuba | Geely Emgrand reviews
    Over the months of summer, Car Rental Cuba has received reports back from consumers who have rented the Geely Emgrand. The Geely Emgrand is a Chinese manufactured medium high vehicle [...]
  • Car Rental Cuba | fuel problems
    Car Rental Cuba | fuel problems
    Car Rental Cuba gets reports all the time of cheap gasoline being offered to tourists visiting the island. While this is more common place for casa particulares and homestay tourists, [...]
  • Driving with kids in Cuba
    Driving with kids in Cuba
      For many of you this is common sense during your Cuban vacation but we´ll outline several points to watch out for.   Never leave your kids sat in a [...]
  • Cuba Child Safety seat Car Rental Cuba
    Cuba Child Safety seat Car Rental Cuba
    In Cuba, child seat and infant seats are offered by REX Car Rental and are easy to obtain in Havana. Depending on the size, child seat typically cost between $2 [...]

email us...contact@cubacaribbean.com
Copyright © 2002 - 2019. Digital Panorama S.A. All rights reserved.
No part of this website may be copied or reproduced without the written consent of Travelucion S.L or its subsidiaries.

800 x 600