Residence in Cuba, an option for foreigners.
June 30, 2014 by Yanoidis
Real-estate market has been opened by law in Cuba, allowing foreigners to invest in housing and buildings, either for private or tourist related purposes.
The currently legal framework lays out the legal proceedings how to apply for residence permit, and also establishes who is entitled to be granted with.
- Those who are owners or tenants of real estate property, as well as their foreign relatives have the right to reside in Cuba
- The residence permit will initially be issued for a maximum period of 1 year. It is possible to extend for equal period
- Once granted the residence you can conduct business activities throughout the national territory, previously authorized
- You may stay abroad for a year without losing your residence permit.
- While you are abroad you have the right to rent your house trough a real-estate agency
