Although the U.S. embargo against Cuba continues to affect business relations between the two countries, the regulations President Obama announced in December 2014 significantly increased commercial opportunities for those seeking to do business with the island. On November 9, 2017, the Trump Administration however imposed additional requirements. Significantly, those restrictions left much of President Obama’s regulatory changes in place. If you or your company are looking to do business with Cuba, Diaz Reus can assist you with analyzing the complex legal minefield to ensure you comply with the vast U.S. government requirements.
Diaz Reus has extensive experience assisting businesses navigate the intricacies of the regulatory environments in both countries. Moreover, our team’s work is beyond just legal services, and instead helps clients deal with the political and logistical issues associated with doing business in Cuba. Our Cuba Practice Team includes many Cuban-Americans, some of whom were born and raised in Cuba, which allows us to utilize their knowledge and understanding of the culture, language, and history of the island in serving clients’ needs.
To maximize our ability to assist our clients, Diaz Reus partners with Fuego Enterprises, Inc., led by Hugo Cancio. Mr. Cancio is an internationally renowned expert on the Cuban business environment and culture, and is an active proponent of Cuba’s reconciliation and economic growth. In his non-attorney role, Mr. Cancio has become one of the most preeminent advisors and consultants on U.S.-Cuban political and economic relations, and has advised several Fortune 500 companies on doing business with Cuba. For example, Fuego and Mr. Cancio advised and facilitated Norwegian Cruise Lines Holdings Ltd.’s entry into the Cuban market and assisted the cruise line with the creation of its land operations on the island. With their assistance, Cuba became Norwegian’s number one passenger rated destination in the world as of 2017.