During a recent visit to Havana I met a person which i found very trust worthy. He wants to open a resturant and a Casa particular and I offered to help him to invest money in his business. My question is, is it possible to draw up a legal contract between me and him to formalize a partnership?
Any help would be greatly appreciated.
Saeid

No. Don’t do it unless you’re goal is to loose money.

Forget about the contract. Do you know Cuban law? When the guy breaks the contract or can’t pay you, what is your recourse?

Paladares and Casas Particulares pay very high taxes and can be shut down by the government for no reason including the fact that the owner is getting money from you.

If you want to give the guy money and eat and stay for free, that’s probably your best case scenario.

As far as an investment, forget about it.

Great idea though but it’s a big loser. Post Castro post Embargo, sure, go for it. Maybe give him money for a long long long long long term investment that MAY pay off if and when the Cuban government actually encourages paladares and casas particulares instead of taxing them out of business.

Thanks for your reply.That seems to be the general consensus when it comes to doing business in Cuba. Big Shame!
So I think I’ll just go for it then ((-: It’ll be a reason to go there often, and nothing more!

Sure. Go get to know the industry and the Players. We’d love to have a list of Paladares. Maybe you can start a directory and become an authority in the industry.

Then, when the time is right you’ll have plenty of business opportunities. Get to know the paladar owners, the supply chain, health inspectors, tax laws etc.

I own Paladares.com and would be happy to partner with you if you want to provide some content.

Publisher - 20 October 2007 04:29 AM

Sure. Go get to know the industry and the Players. We’d love to have a list of Paladares. Maybe you can start a directory and become an authority in the industry.

Then, when the time is right you’ll have plenty of business opportunities. Get to know the paladar owners, the supply chain, health inspectors, tax laws etc.

I own Paladares.com and would be happy to partner with you if you want to provide some content.

I would have to Agree with Publisher on this one.
Wait a short spell, things are about to pop.