According to Rivas, her Ministry is working on the Foreign Investment Single Window System (VUINEX), in operation since January 6, which will ensure and facilitate procedures to both Cuban investors living abroad and foreign investors, when creating the dossier to be presented for approval of the relevant body.
This tool, which is now being tested, must be fully working during this year’s first six months and will speed up negotiation periods and deadlines for the approval of new businesses, she said.
As part of the actions undertaken to perfect this activity, Rivas said that it was approved a general promotion strategy to attract foreign capital, and also by sectors, which will have their own portfolios and policies.
In addition, in the face of threats posed by the tightening of the US blockade, Cuba has guarantees provided by Law 80, which states that the Helms-Burton Act is illegal, unenforceable and without legal force or effect.
Despite the blockade, we are planning to grow with the increase of the number of businesses with foreign investment, she said. (Prensa Latina)