Cuba Offers One-Year Visas to Foreigners who Buy or Lease Real Estate

Cuba Offers One-Year Visas to Foreigners who Buy or Lease Real Estate
May 22, 2014
By Progreso Weekly

HAVANA TIMES — At a time when Cuba is promoting projects that will boost
tourism, the government on Wednesday (May 21) established a "temporary
residence" visa for foreigners who buy or lease real estate on the island.

According to a resolution from the Ministry of the Interior, published
in the Official Gazette, the new visa — good for one year and renewable
— was designed for foreigners "who are owners or lessees of real estate,
as well as their foreign relatives who might require it."

During their stay in Cuba, these foreigners "may carry out activities
related to tourism and business duly authorized by the existing
legislation."

To carry out "activities that are different from those authorized," they
must obtain a special permit.

The visa will be lost if the foreigners cease to be owners or lessees
because of "behavior that violates the Constitution" or the laws, or if
they remain outside of Cuba for one year.

The new Investments Law passed in March, which will take effect in June,
authorizes the sale or lease of real estate to foreign investors.

Source: Cuba Offers One-Year Visas to Foreigners who Buy or Lease Real
Estate - Havana Times.org - http://www.havanatimes.org/?p=103810