MIAMI CUBANS BUY CUBA REAL ESTATE

CUBA REAL ESTATE FOR MIAMI CUBANS 

Cuban Apartment for Sale in Old Havana?

Havana Cuba-- After 50 long years Miami Cubans will be allowed to buy and sell real estate openly, in Cuba thanks to Raul Castro and his new Cuban real estate laws. The method is simple transaction that allows Miami Cubans to send the full cash price of a Havana Condo, Varadero Villa or any other real estate property for sale in Cuba and send the Cash to Cuba to your family or relatives. The family back in Cuba then buys the property for cash and gets title in their name. They hold it for you for when the next law changes in Cuba that will allow anyone to own property in Cuba. That law may be a few years away but eventually it will come as many Cubans outside of Cuba are looking to buy investment rel estate back in Havana, Varadero or even anywhere in Cuba.
But plenty of restrictions remain.

Cuba House for Sale in Havana

MIAMI CUBAN AMERICANS CAN BUY CUBA CONDOS
Cuban American exiles officially continue to be banned from owning property in Cuba in thier name yet many have already sent tens of thousands of USD back to Cuba to eat, drink and now buy property like a second vacation home in Varadero or Cayo Coco. Cayo Largo or Trinidad.
The fact is 100% of the cash , money Euros and American green backs that come to Cuba are from
 outside Cuba.  Cubans do have access to Cuban money to start a real estate business, many Cubans try  to maintain title to family homes in the countryside, and the new law legalizes two property residences for vacation, beach or farming.

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CUBA- DINERO y VIAJES A CUBA

THE WHITE HOUSE

Office of the Press Secrectary

For Immediate Release April 13, 2009

April 13, 2009MEMORANDUM FOR THE SECRETARY OF STATE
THE SECRETARY OF THE TREASURY
THE SECRETARY OF COMMERCE
SUBJECT: Promoting Democracy and Human Rights in Cuba

The promotion of democracy and human rights in Cuba is in the national interest of the United States and is a key component of this Nation's foreign policy in the Americas. Measures that decrease dependency of the Cuban people on the Castro regime and that promote contacts between Cuban-Americans and their relatives in Cuba are means to encourage positive change in Cuba. The United States can pursue these goals by facilitating greater contact between separated family members in the United States and Cuba and increasing the flow of remittances and information to the Cuban people.
To pursue those ends, I direct the Secretary of the Treasury and the Secretary of Commerce, in consultation with the Secretary of State, to take such actions as necessary to:
(a) Lift restrictions on travel-related transactions for visits to a person's family member who is a national of Cuba by authorizing such transactions by a general license that shall:

• Define family members who may be visited to be persons within three degrees of family relationship (e.g., second cousins) and to allow individuals who share a common dwelling as a family with an authorized traveler to accompany them;
• Remove limitations on the frequency of visits;
• Remove limitations on the duration of a visit;
• Authorize expenditure amounts that are the same as non-family travel; and
• Remove the 44-pound limitation on accompanied baggage.

(b) Remove restrictions on remittances to a person's family member in Cuba by:

• Authorizing remittances to individuals within three degrees of family relationship (e.g., second cousins) provided that no remittances shall be authorized to currently prohibited members of the Government of Cuba or currently prohibited members of the Cuban Communist Party;
• Removing limits on frequency of remittances;
• Removing limits on the amount of remittances;
• Authorizing travelers to carry up to $3,000 in remittances; and
• Establishing general license for banks and other depository institutions to forward remittances.

(c) Authorize U.S. telecommunications network providers to enter into agreements to establish fiber-optic cable and satellite telecommunications facilities linking the United States and Cuba.
(d) License U.S. telecommunications service providers to enter into and operate under roaming service agreements with Cuba's telecommunications service providers.
(e) License U.S. satellite radio and satellite television service providers to engage in transactions necessary to provide services to customers in Cuba.
(f) License persons subject to U.S. jurisdiction to activate and pay U.S. and third-country service providers for telecommunications, satellite radio, and satellite television services provided to individuals in Cuba, except certain senior Communist Party and Cuban government officials.
(g) Authorize, consistent with national security concerns, the export or reexport to Cuba of donated personal communications devices such as mobile phone systems, computers and software, and satellite receivers through a license exception.
(h) Expand the scope of humanitarian donations eligible for export through license exceptions by:

• Restoring clothing, personal hygiene items, seeds, veterinary medicines and supplies, fishing equipment and supplies, and soap-making equipment to the list of items eligible to be included in gift parcel donations;
• Restoring items normally exchanged as gifts by individuals in "usual and reasonable" quantities to the list of items eligible to be included in gift parcel donations;
• Expanding the scope of eligible gift parcel donors to include any individual;
• Expanding the scope of eligible gift parcel donees to include individuals other than Cuban Communist Party officials or Cuban government officials already prohibited from receiving gift parcels, or charitable, educational, or religious organizations not administered or controlled by the Cuban government; and
• Increasing the value limit on non-food items to $800. This memorandum is not intended to, and does not, create any right or benefit, substantive or procedural, enforceable at law or in equity by any party against the United States, its departments, agencies, or entities, its officers, employees, or agents, or any other person.
  
  BARACK OBAMA

Related articles

• Capitalism in Cuba: Island nation to allow homes to be bought, sold (news.nationalpost.com)
• Cuba Legalizes Sale of Private Property (online.wsj.com)