The bureaucratic procedures and permits required by the Cuban government and some restrictions on the establishment of companies could represent obstacles for foreign businessmen interested in investing on the island.
Although in Cuba there exists sectors such as telecommunications and construction, which have high growth potential due to a backlog in investment, those who are knowledgeable about the real situation in Cuban say that it will be difficult to take advantage of these opportunities, at least for now.That is the perception of the former ambassador of Costa Rica in Cuba, Rodrigo Carreras, who in an interview with the newspaper Nacion.com, detailed the conditions of the economy of the island and the difficulties that could be faced by entrepreneurs interested in doing business there.
From January 16 to 21st, 2017 entrepreneurs and investors in the sector will be visiting plantations and taking part in business meetings as part of the International Festival Puro Sabor.
The Nicaraguan Chamber of Tobacco Growers is awaiting the arrival of investors and entrepreneurs from more than 30 countries involved in the sector.Juan Ignacio Martinez, president of the union, told Laprensa.com.ni that"...So far people from 23 countries in Latin America, Europe, Africa and Asia, Oceania have confirmed".
Of the $100 million in debt that the government intended to place on the local market, offers were received for only $1 million.
The government was not able to place all of the debt securities it intended to, only managing to capture the interest of one bank, which bought $1 million in debt at a one year term and with an interest rate of 6.5%.
In Panama investors to whom the company owes $4.8 million in debt bonds will have to wait for the bank to be sold before recouping their investment.
Balboa Bank and Balboa Securities, which are under intervention of the Superintendency of Securities Market since they were included in the Clinton list, do not have sufficient funds to honor the $4.8 million owed in respect of securities.
Before the end of the year a government agreement could be ready which would unify the various departments for promoting investment as well as the creation of the Guatemala Trade and Investment entity.
Prensalibre.com reports that "...Rubén Morales, economy minister, said the goal is to manage this body through an executive committee made up of representatives from the public and private sectors, and which would be chaired by the Minister of Economy."
Once the new law comes into effect minority investors will have access to information on transactions that represent at least 10% of a company's assets.
A statement issued by the Ministry of Economy, Trade and Industry explains that"...The initiative proposes specific reforms to Articles 26, 189 and adding Article 32 to the Code of Commerce, as well as amending Article 426 of the Civil Procedure Code.
The Chamber of Industry and the government have organized for November 9 and 10 an international investment forum which will include a business matchmaking service between companies and also conferences.
From a statement issued by Guatemala Investment Summit:
Low interest rates in the international market have favored Costa Rican sovereign debt bonds which are yielding better dividends.
Higher rates paid out by Costa Rican bonds with their associated risk level, coupled with an international context of low interest rates, has led to increased demand for foreign debt bonds, which "... have appreciated between 14% and 30%" so far this year.
A third and final call has started for companies and investors interested in participating in the development of projects in the program 'Apuesta por InversionES'.
Applications are open for national and international companies with the financial capacity to invest anywhere in the country.
Elsalvador.com reports that "...Interested investors should do so in a new project or expansion of an existing one in the category of tradables, which includes goods or services that can be traded internationally, said a statement issued by Fomilenio II.These are projects that can be set up in any part of the country, with a minimum investment of $100,000 by the applicant. "
JPMorgan Chase says that "the real economic consequences of this (Panama Papers) fiasco are not going to be all that severe," and recommended buying Panamanian sovereign bonds.
The investment bank JPMorgan Chase believes that all of the factors that have sustained economic growth in Panama are still present, and if Panamanian sovereign bonds have underperformed this year as a result of greater aversion to risk after the Panama Papers scandal, then investors should "buy Panama".
A $2.7 million issue made by the UHR Development Company which intended to build a boutique hotel in the area of Bella Vista has been declared overdue.
In 2013 the company attempted to raise $12 million on the Panamanian stock market, but apparently, the issue was not attractive enough and they ended up raising only $2.7 million. Three years later, the issue has been declare past due, and should have been honored by UHR Development on 22 February 2016.
The Superintendency of Securities is preparing for 2016 two new regulations and other reforms already in place to attract more investors.
The regulations relate to Mediation and Complementary and Venture Capital Activities, and reforms to the Regulations on Management Companies and Investment Funds, Regulation of Exchanges, the Custody Rules and Regulations on Corporate Governance.
Lowering the tax on transactions for non-domiciled investors from 20% to 3% had a positive effect on the performance of the stock market in 2015, which grew by 6% compared to 2014.
The forecast made by Rolando Duarte, president of the Stock Exchange of El Salvador (BVES), is that this type of investment will continue to grow, thanks to the incentive which was first implemented in 2015.
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PRONicaragua, is the Nicaraguan Investment Promotion Agency, established in 2002. We are a non-profit, public-private institution whose mission is to generate economic growth and job creation in Nicaragua by attracting high-quality foreign direct investment. The Agency provides complimentary support services to qualified investors seeking investment opportunities in our country.
Operates in Nicaragua
Phone: (505) 2270 6400
Generates business opportunities by linking supply and demand of goods and services between Central America and the rest of the world.
Operates in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama
Phone: (506) 225 4786