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Up to 110 Daily Flights from the U.S. to Cuba

posted by Jennifer Diaz February 23, 2016 8 Comments

Welcome to Cuba

If you are in aviation – commercial or private – there are potential new business opportunities in Cuba. The American government and our new friendly neighbor to the south, the Republic of Cuba last sat at the negotiation table to discuss Air Transportation agreements in 1957, as parties to the Convention on International Civil Aviation. Nearly sixty years later, on February 16, 2016, the United States government and Cuba entered into an aviation agreement, the U.S.-Cuba Memorandum of Understanding of February 16, 2016, and intend to apply the basis of comity and reciprocity of the agreement.

Immediately after, Anthony Foxx, U.S. Transportation Secretary, Charles Rivkin, Assistant Secretary of State for Economic and Business Affairs, Adel Yzquierdo Rodriguez, Cuban Minister of Transportation and Colonel Alfredo Cordero Puig, President of the Cuban Civil Aviation Institute (IACC), Ministry of Transportation  signed the agreement, the U.S. Department of Transportation (DOT) encouraged U.S. air carriers to apply for licensing and authorization to offer flights to Cuba.

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Top 10 Changes with Cuba as a Result of NEW Revised OFAC and BIS Regulations

posted by Jennifer Diaz February 23, 2016 0 comments

BIS and OFAC AND CUBAAs of January 27th, 2016, both OFAC and the BIS have amended their regulations again, and below details the top 10 changes as a result.  The last update was on September 21, 2015, and can be found here.  While the United States maintains its broad embargo on trade with Cuba, OFAC and BIS have released amendments to the Cuban Assets Control Regulations designed to advance President Obama’s policy to engage and empower the Cuban people.  The new changes, which can be found here and here, expand the scope of authorized business and travel by U.S. person and companies inside of Cuba. These changes were put into place to help facilitate engagement between the U.S. and Cuba.  Click here to read FAQ’s related to Cuba from the OFAC.

Below we’ve providing you with a detailed summary of the top 10 significant changes:

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Update on U.S. Laws Regarding Commerce with Cuba

posted by Jennifer Diaz November 24, 2015 0 comments
Join NEI for an insightful conversation about rapidly evolving business opportunities in Cuba, brought to you by yours truly. The Webinar will highlight particular areas of interest, including: a current overview of the current rules and regulations governing transactions with Cuba, learning what travel to Cuba is authorized, what the latest regulations by BIS and OFAC cover, and future opportunities for growth in telecommunication, construction, and finance.
The audience will be provided with the latest exceptions as they relate to business transactions with Cuba. U.S. companies with a desire to learn the new business opportunities as they relate to Cuba should attend. Continue Reading
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TOP 11 NEW Business Opportunities with Cuba as a Result of NEW OFAC and BIS Laws

posted by Jennifer Diaz September 28, 2015 0 comments
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In December, 2014, we updated you on the president’s historic announcement in regards to doing business in Cuba, and in January we updated you on both the Office of Foreign Assets Control (“OFAC”) amendments to the Cuban Assets Controls Regulations (“CACR”) and the amendments to the Export Administration Regulations (“EAR”) administered by the United States
Department of Commerce. As of September 21, 2015, both OFAC and the BIS have amended their regulations again, and below details the top 11 changes as a result of the new laws.
 
We’ll be discussing these new changes on October 8th, at our Export Compliance Seminar at the Miami Free Zone. Blog subscribers get to take advantage of the discount code! Email me at jdiaz@bplegal.com for it. You can RSVP here

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Embassies and Island Wide Wi-Fi by July in Cuba

posted by Jennifer Diaz July 1, 2015 0 comments

cuba phonePresident Barack Obama announced Wednesday that the U.S. and Cuba will now reestablish diplomatic ties and reopen embassies in their respective capitals. The announcement comes just one month after the Secretary of State removed Cuba from the State Sponsor of Terrorism list. Although it would take an act of Congress to lift the trade embargo, reopening embassies is another brick in the foundation of normalizing trade relations. With the new embassies opening in July, there will be greater contact between the US and the Cuban people which will ultimately lead to a change in the US’s attitude towards the trade embargo.

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World Trade Month – Business Opportunities with Cuba – May 14, 2015 – #OWITonCuba

posted by Jennifer Diaz May 11, 2015 0 comments
CUBA1
Are you in South Florida and thinking of doing business with Cuba? Do you want to hear from those already successfully doing business with Cuba? Do you want to fully understand what is legal now?
May 14, 2015, I have JUST the event for you! This is your LAST CHANCE to register!

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OFAC Publishes NEW FAQ on Cuba

posted by Jennifer Diaz April 16, 2015 0 comments
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Today, the Office of Foreign Assets Control published a new updated Frequently Asked Questions Related To Cuba. The last FAQ from OFAC was on January 15, 2015, discussed in this previous post “Revised Cuba Regulations Officially Released“. There are 12 new questions discussed in OFAC’s new FAQ – made easy for your review – as all NEW questions are posted below, with some commentary in italics above the question.

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Urban Land Institute Discusses New Trading Opportunities with Cuba

posted by Jennifer Diaz April 2, 2015 0 comments

ULIOn April 29, 2015, the Urban Land Institute hosts private and public sector leaders for an interactive morning exploring the latest best practice trends, technology, and emerging markets affecting South Florida development, including the latest update on business with Cuba. The program will take place from 8:00 am – 11:30 am at the Sheraton Fort Lauderdale Airport Hotel, 1825 Griffin Rd. , Dania Beach, FL 33004 United States.

Get behind-the-scenes info of two the hottest developments in the nation – the Pearl District in Portland and Denver’s Union Station. Learn how technology is changing the way we plan and implement development and explore the opportunities/challenges that lie ahead with Cuba’s emerging freight and consumer goods market.

I will be joined by Barbara Pimental of the Florida Customs Brokers and Forwarders Association and Michael Williamson of Cambridge Systematics to discuss exactly what the new trading opportunities with Cuba are, and what is still subject to the current sanctions program in place. Continue Reading

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Revised Cuba Regulations Officially Released

posted by Jennifer Diaz January 16, 2015 0 comments

cuba and key west

Today, a final rule, opening U.S. trade with Cuba, was published in the Federal Register by the U.S. Treasury Department, Office of Foreign Assets Control (OFAC) and the U.S. Department of Commerce’s, Bureau of Industry and Security (BIS). Through this Federal Register notice, OFAC has amended its Cuban Assets Control Regulations and the BIS has amended the Export Administration Regulations with a “Support for the Cuban People” license exception. This final rule is effective today, with proposed rulemaking, opportunity for public participation, and delay in effective date deemed inapplicable because this regulation involves a foreign affairs function of the U.S.

Cuban cigars will not be readily available for U.S. consumers to purchase as a result of these changes.

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TOMORROW Updated Cuban Assets Control Regulations Take Effect

posted by Jennifer Diaz January 15, 2015 0 comments

cuba map

Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced it is amending the Cuban Assets Control Regulations, 31 C.F.R. part 515 (the “CACR”), which will be published in the Federal Register tomorrow, January 16, 2015, at which time the changes will take effect. Continue Reading