The Council of Ministers of Cuba published this Friday the , in the , which includes a revised, annotated, and harmonized version of this regulation and the Law 118 of 2014, the two pillars of the legal framework for foreign investment on the island.
The Decree 325 was originally issued on April 9, 2014, to implement Law 118 "On Foreign Investment," approved by the National Assembly of People's Power on March 29 of that year, whose First Final Provision ordered the Council of Ministers to draft its regulations.
The standard, identified as GOC-2026-495-ES11 and published on pages 19 to 36 of the Gazette, covers six major topics.
- Regulates the procedure for submitting Foreign Investment Opportunities and approving the Portfolio of Foreign Investment Opportunities.
- It establishes the procedure for the negotiation and submission of requests for the approval of business proposals with foreign investment.
- Define the standards related to the monitoring and control of business operations.
- It regulates the composition and functions of the Commission for the Evaluation of Foreign Investment Businesses.
- Deadlines are established for the evaluation and approval of foreign investment applications.
- The dissolution, termination, and liquidation of foreign investment modalities are regulated.
The Ministry of Foreign Trade and Foreign Investment (MINCEX), headed by the Vice President of the Council of Ministers Óscar Pérez-Oliva Fraga, is the governing body of the process.
According to Article 7 of the decree, "the Ministry of Foreign Trade and Foreign Investment is responsible for preparing and updating the Foreign Investment Opportunity Portfolio, which is approved by the Council of Ministers."
The heads of organs and agencies of the Central State Administration must submit their proposals for opportunities to MINCEX annually, within the first quarter. The portfolio is updated each year, although the regulations allow for additional reviews during the same fiscal period.
The release of this special edition is part of an accelerated process of regulatory updates that Cuba has undertaken throughout 2026.
In June, the to expedite the evaluation and approval of projects.
On September 3rd, the Council of State approved the Decree-Law 128/2026, which amended Law 118 to allow direct hiring of workers by companies with foreign capital and to expand their financial autonomy, eliminating the requirement for state mediation in personnel hiring.
The Special Edition No. 11, published the following day, consolidates in a single document the updated and harmonized versions of both fundamental regulations of the foreign investment framework in Cuba, amid a severe economic crisis that the regime seeks to alleviate by attracting foreign capital.
On September 3, Pérez-Oliva announced that Cuba is working on a comprehensive update of the Foreign Investment Law, proposed for discussion and approval in the November session of the National Assembly of People’s Power.
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