| Cuba |
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| Written by Offshore-World | ||||
| Monday, 21 April 2008 | ||||
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The Republic of Cuba consists of the main island of Cuba and a few smaller islands. It is the largest and second-most populous island of the Greater Antilles. Cuba is located in the northern Caribbean at the confluence of the CaribbeanSea, the Gulf of Mexico and the Atlantic Ocan. Cuba is south of the eastern United States (Florida) and The Bahamas, west of the Turks and Caicos Islands and Haiti and east of Mexico. The Cayman Islands and Jamaica are to the south.
The name"Cuba" comes from the Taíno language the exact meaning of which is unclear,but may be translated either "where fertile land is abundant" (cubao)or "great place" (coabana). The island has a tropical climate that ismoderated by the surrounding waters; however, the warm temperatures of theCaribbean Sea and the fact that the island of Cuba sits across the access tothe Gulf of Mexico combine to make Cuba prone to frequent hurricanes. Cuba'smain island, at 766 miles (1,233 km) long, is the world's 17thlargest. There are an estimated 11.5 million people living in Cuba.
Since Cuba became a declared socialist republic in 1961 the United States Government has initiated various policy measures against Cuba's government. These measures have had a considerable political and economic effect on the island. The most significant of these measures was the United States embargo against Cuba. The Government of Cuba actively encourages certain types of foreign investment, but tightly regulates the conditions under which investors operate. A foreign company wishing to invest in Cuba has two principal options: It can negotiate a partnership with a Cuban government entity, or it can set up commercial or manufacturing operations in one of the country's three free trade zones.
The largely untapped Cuban real estate market, with exquisite mansions, majestic colonial homes and virgin beaches, is a potential gold mine for U.S. developers and builders. And it could be a powerful economic engine in the rebuilding of Cuba in the post-Castro era. Fidel Castro’s government nationalized most private property after the 1959 revolution. Cubans lost land,homes and businesses. For now, most foreign investment is limited to hotels and other properties in Cuba’s booming $2-billion-per-year tourism industry. Offshore World's Cuba Resources:
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| Last Updated ( Sunday, 11 January 2009 ) | ||||
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