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It is common knowledge in the international trade industry that Cuba is essentially embargoed by the United States. The Office of Foreign Assets Control (OFAC) regulates the very few types of exports that are permissible for Cuban trade. OFAC's set of regulations specifically for Cuba is the Cuban Assets Control Regulations (CACR). Transactions with U.S. citizens in Cuba are permissible as long as the citizen rightfully has permission from the U.S. government to travel to the country. There are also a variety of support programs that allow exporters to send goods or services for very specific infrastructure development purposes.
Watch our video above to receive a further explanation of conducting business in Cuba as an exporter. Have additional questions? Give our office a call today. We would be happy to speak with you.
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