Monthly Archives: February 2015

Advisory on Cuba by Disan Legal: photo La Havana, Hotel Inglaterra.

Opportunities in Cuba: 
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Posted By February 12, 2015

February 12 | Washington DC

On January 15, 2015, the United States Department of Treasury, Office of Foreign Assets Control (OFAC) and the Commerce Department’s Bureau of Industry and Security (BIS) issued final rules amending the Cuban Assets Control Regulations (‘CACR’) and the Export Administration Regulations (‘EAR’), to implement the historic policy shift announced by President Obama on December 17, 2014 that the United States would begin to normalize its relations with Cuba.

The new regulations ease certain limitations on travel to Cuba, expand exports and imports, and make the processing of authorized financial transactions easier. The biggest impact appears to be in the areas of travel, financial services, telecommunications, and exports to the Cuban private sector.

Although the embargo remains in place, the relaxation of US-Cuba restrictions opens the door to business opportunities.

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