Cuba

Cuba

Sets up a new Special Economic Zone in Mariel

01 Nov 2013

Cuba has set up a new Special Economic Zone (SEZ) for foreign investors in Mariel. Foreign companies in the zone will benefit, 1 November 2013, of exemptions from employment taxes and customs duties, a one-year waiver on sales and services taxes, and a ten-year tax holiday for tax on profits. GAESA, a state controlled company, will administer the zone.