In particular, Thompson cautions that Cuba’s foreign investment and business laws present six key challenges that Americans need to think through ahead of time. They are:
A 49-51 percent split is common, but Havana has required a larger share in some sectors.
This selection may not be based on skill or merit but by seniority or cronyism.
. The Cuban managers will ultimately control many decisions, or influence them, when dealing with your majority partner, the Cuban government.
You must be very careful to guard your own corporate proprietary information.
The capture and exchange of corporate confidential information is a lucrative business, so guard your files.
This means your majority business partner essentially has bad credit, and could present challenges for you when raising capital or seeking contracts. However, it could also move you to the front of the line when dealing with countries that have been historically friendly to Cuba.