Simplification of procedures, free hiring of personnel and importation of its own fuel, all this within “the guidelines of the economic and social policy of the Party of the Revolution”

14ymedio, Havana, November 25, 2025 — In response to the urgency of the country, the Cuban government says that it is now ready to open doors and loosen ties without changing the current model. The VIII Investment Forum of the Havana International Fair (Fihav 2025) returned this Tuesday to promise dynamism, new regulations and a package of measures that, according to the deputy prime minister and head of foreign trade and investment, Oscar Pérez-Oliva Fraga, seeks to “correct distortions” and revive an economy in free fall.
“Cuba currently has 376 businesses with foreign capital from 40 countries, 56 of which are in the Mariel Special Development Zone,” said the official. He added that in 2025, 32 new businesses from 13 countries have been approved, with a committed capital of $1.1 billion.
In a speech reminiscent of similar announcements in the last ten years, Fidel and Raúl Castro’s great-nephew presented what he described as an “integral” set of incentives to attract foreign capital. The package, which is still waiting for its legal formalization, “will be published soon,” he promised. It includes a simplification of procedures, greater freedom in labor contracts, facility to trade in foreign currencies and access to underutilized structures of the country. All this with the aim of offering a business environment that is “more attractive and competitive.”
The most striking announcement, undoubtedly, was the commitment to reduce project approval times. According to Pérez-Oliva, State agencies will have only seven days, instead of the current 15, to respond to investment proposals. If they do not, an automatic “yes” will be assumed, something unprecedented in a country where bureaucracy has ruled for decades. continue reading
For the first time, the employer will be able to participate in the selection of his workforce
The scheme recalls other deadlines announced in various sectors and never met. The question remains the same: what will prevent agencies, historically reluctant to relinquish control, from using other ways of blocking what they do not wish to approve?
Another point raised by the Deputy Prime Minister concerns recruitment. For the first time, the employer will be able to participate in the selection of his workforce, partly breaking with the model in which State agencies acted as compulsory intermediaries. Even so, the reform does not eliminate these agencies, and it remains to be seen how it will be applied in hotels, the first sector that should benefit from this measure.
The Government will also authorize the payment of foreign exchange bonuses, an incentive that implicitly recognizes the inadequacy of wages in pesos, unable to sustain daily life. These bonuses, which do not replace the official salary, have existed for decades, always under the shadow of informality. Recognizing their existence is a step, although these payments will have quite strict limitations: they can only be made from profits, through bank payments and provided that the company generates external revenues.
The innovations also include the authorization for foreign-owned companies to trade “without restrictions” with domestic economic actors. They will also be allowed to import fuel directly if they deem it necessary. Thus the government opens a hard currency highway for those who can generate income for the State, escaping from the annoying blackouts, which will continue to affect the rest of the population.
To this is added the announcement of new special development zones
In fact, nothing in the package suggests that the benefits granted to foreign capital will extend to Cuban entrepreneurs, who continue to deal with obstacles, inspections, regulatory uncertainty and a very unfavorable exchange rate.
The minister also spoke of the possibility of investors having access to underutilized facilities. The country has hundreds of abandoned factories, semi-derelict industrial buildings, disused warehouses and hotels without guests, all State-owned. To this is added the announcement of the creation of new special development zones, whose location and timing were specified. Some experts point to the Antilla project in Holguín, designed to rehabilitate the aqueduct distribution system.
The experience of the Mariel Special Development Zone, after more than a decade of operations, serves as a reminder of an attractive structure on paper that does not guarantee results when the macroeconomic environment is unstable, access to foreign exchange is uncertain and the State reserves control of all the processes.
The Deputy Prime Minister clarified that “none of these proposals has any contradiction with the Constitution of the Republic of Cuba, the guidelines of the economic and social policy of the Party of the Revolution or the conceptualization of the Cuban economic model.” All the decisions explained, he said, are perfectly possible and can be implemented without difficulty under existing regulations.
The government admits that the materialization of foreign investment remains low, perhaps because the real deterrents are still intact. These include the lack of legal certainty, to which has recently been added the freezing of all foreign currency funds in the bank accounts of foreign companies.
Translated by Regina Anavy
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