I’m exploring Cuba’s real estate and wonder: Are properties only sold in dollars and euros, and can a company acquire a property for later personal transfer under current laws?
hey, i think properties are usually sold in usd or eur, but sometimes compnaies can acquire it and transfer later. local laws can be tricky tho, so best to consult a local expert for accurate legal advice.
I have been monitoring Cuban property regulations through various market reports and firsthand consultations with experts in international real estate. It appears that transactions are indeed often conducted in dollars or euros, especially when foreign investors are involved. I have seen instances where companies acquire properties with the intention of transferring ownership to private individuals later, although the procedures are subject to strict legal controls. My experience confirms that this process involves multiple layers of regulation and an in-depth understanding of ever-changing local laws. It is advisable to work closely with professionals specializing in Cuban property laws to ensure compliance and facilitate smooth transactions.
Hey, I’ve heard similar accounts but wonder how smooth that transfer process really is in practice. Have others seen cases where companies successfully transited ownership? Curious if local anecdotes back up the reports.