The Cuban Ministry of Finance and Prices has implemented new provisions for the import of essential equipment, as published in Official Gazette No. 116.
These measures, aimed at streamlining processes for individuals, seek to facilitate access to key products and promote local development. The resolution establishes differentiated rates and specific benefits that benefit both citizens and small importers.
New benefits for imports
Authorized equipment includes marine engines that, due to their characteristics, are intended for productive or recreational activities.
The new regulations allow these products to be imported via accompanied baggage, air, sea, postal, and courier services.
One of the most notable aspects of the regulations is that the benefited items are not counted toward the personal import limit established for travelers, which expands the possibilities for those interested.
The tariff schedule was also adjusted. Under the new measure, importers will have to pay rates that vary depending on the product's characteristics:
- 30% for basic or lower capacity equipment.
- 10% for medium-capacity equipment.
- 5% for more advanced or higher-power equipment.
Additionally, in the case of shipments, a tariff exemption is maintained for the first $30 of the declared value, which reduces the final cost for users.
Direct benefits for citizens
The new provisions particularly benefit sectors such as fishing, transportation, and other activities that require efficient equipment.
The flexibility seeks to directly benefit fishermen and boat owners, who face limitations in acquiring modern and efficient engines. According to the legislation, They will be able to access modern technology at a more affordable cost, something that was previously difficult due to high prices in the domestic market.
Importers and small businesses also find this measure an opportunity to diversify their businesses. With reduced tariffs and more flexible procedures, they will be able to offer equipment at more competitive prices, strengthening the domestic market.
Considerations for importers
Interested parties must comply with the regulations established by the General Customs Office of the Republic, as well as those issued by the Ministries of Transportation and the Interior. Transparency and compliance with legal procedures will be key to ensuring the success of imports.
A measure with transformative potential
The resolution represents an important step toward easing import restrictions in Cuba, in an economic context marked by shortages of essential products.
Authorities have noted that these types of initiatives promote local development and improve the quality of life of the population, especially in coastal and rural communities where access to modern equipment has a direct impact on family and community economies.
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15 comments
Why does this same measure not also apply to agricultural equipment for the development of agriculture to supply the food needs of the population?
An excellent opportunity, necessary to improve the quality of life for a certain population. Thank you.
Why no flexibility with solar panels?
A tremendously good idea. They're thinking as a country. Development is achieved by promoting efficiency. Now it's time to review sales prices in the domestic market. Cubans always act smart.
Misery. Something that is normal throughout the world is limited in Cuba. No blatant blockade or blockade.
Now the people can eat fish and seafood, since they are authorizing the entry of those equipment and parts. The blockade is over in our Cuba, surrounded by sea and without seeing the fish, thank you.
I need guidance on importing laser engraving machines for craft work, their tariff cost, and customs prohibitions.
That's great, but then why not authorize the import of fishing boats, sports boats, or pleasure boats? It should be the complete package, so to speak.
and why these measures are implemented or relaxed at a time of such misery.
They could have done that before.
but what happened??
Is the blockade over??
Good afternoon, regarding the measures for changing fishing or the seafront, that is very important, but remember that there was no access to it because it was not allowed.cucWell, not because the blockade did not allow it, but because here in the country that was not allowed, among other things.
It's true that the government has always had maximum control and restrictions on everything. The objective for me is a macabre experiment to find out how long a human can resist.
Where can I obtain all the information "as published in Official Gazette No. 116"?
He mentions few details in his post.
Hello. Is this just for motors? Is there a list somewhere? It mentions transportation, but I don't know if it's specifically maritime.
There are items not mentioned in customs regulations, such as pool tables, which are arbitrarily designated as commercial items.
If you could expand on the topic that would be excellent.
Thank you very much.
Because Customs makes that flexibility with those equipment (engines) and not with the equipment for generating electricity
No, the equipment for Cuban fishermen wasn't exactly because of the high cost, but because they wouldn't let it into the country.