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Cuba: Open for Business, but...

October 06, 2015

Now that U.S. and Cuban flags fly over reestablished embassies in Washington and Havana, the question on many minds is: Is Cuba open for business?

The short answer: Yes, but with caveats.

In leading four Americas Society/Council of the Americas business delegations to the island over the past three years to explore possible investment opportunities, I’ve seen the enthusiasm of many U.S. companies to gain a foothold in the Cuban market — and Cuba’s desire to raise much-needed foreign capital. Yet we’ve also seen evidence of the long and complicated history between our...

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