Ernst & Young Business Guide to Cuba Number 11, February 2006

The document linked here is a 93-page pdf file and contains a vast amount of information about Cuba, neatly packaged into a single location. Though prepared with the interests of prospective investors in mind (not practical for residents and citizens of the United States under current U.S. law), this report has so much information, conveniently located in one place, that I believe it will be of interest to all students of Cuban affairs.

CubaNews, the electronic news service I edit, is not set up to send attachments. Therefore, I've taken this document and posted it to the web for the information of the public. It provides a good overview of Cuba's public institutions, economic activities and laws for everyone, not those interested in doing business with and investing in Cuba.

Under current U.S. legislation, virtually the only economic ties between the two countries are those one-way agricultural products from the U.S. which must be paid for IN ADVANCE by the Cubans IN CASH. Were relations between our two countries normalized, and the ties between them were bi-lateral (two-way) instead of unilateral (one-way), much more would be possible.


Walter Lippmann, CubaNews
http://www.walterlippmann.com
http://groups.yahoo.com/group/CubaNews 

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From: Matthew D Pickles [mailto:MattPickles@hotmail.com]
Sent: Monday, March 06, 2006 10:50 AM
To: mattpickles@hotmail.com 
Subject: Ernst & Young (Feb 2006) A Business Guide to Cuba 11

City of Havana, March 3, 2006

It is with pleasure that we have prepared this revised version of our guide Doing Business with Cuba. This is substantially unchanged from the version which we issued in January, 2006.

Following the reporting of certain statistical information, especially regarding the balance of payments (see page 25), we considered that it was important that we updated our report to ensure that we were using the latest information.

We have also tried to incorporate a number of comments, which we received regarding the January version; notably regarding a potential re-investment in the sugar industry reflecting recent international price rises, a clarification regarding the status of the Las Camariocas nickel project and further details of recent taxation legislation (especially resolutions 10 and 235) and their impact on representation offices in Cuba.

Please accept our apoloigies if you have received this more than once, we have had some problems sending this document electronically. We have also prepared a CD which has been sent out to most foreign businesses / representation offices, Embassies and other interested parties in Havana. This CD has our business guide in English and Spanish as well as copies of recent Central Bank and other regulation and the February Issue of Cuba Trade News. If you would like to receive a copy of this CD or please let us know.

With kind regards,

Matthew Pickles (Executive Director)

Ernst & Young Services Ltd. 5ta Avenida #2201 Esq 22, Playa Ciudad de la Habana, Cuba

Tel: (53) 7 204-4658 Fax: (53) 7 204-4320 Cell: (53) 5 268-9547

E Mail: MattPickles@Hotmail.com  Matthew.Pickles@EYC.TDC.CU

http://www.walterlippmann.com/2-2006-Business%20Guide%20to%20Cuba.pdf
or http://makeashorterlink.com/?Z3E5120CC