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Cuba Country Profile

Passport
For more details visit Cuba Passport Ranking
  • Passport Grade
    D
  • Passport Ranking
    149/198
  • Passport Score
    26.3/198
  • Visa-free Countries
    64
  • Visa-required Countries
    134
  • Access to the World's GDP
    5%
  • Access to the World's Surface Area
    24%
  • Access to the World's Population
    13%
  • Access to the Unesco Sites
    15%
Citizenship and Naturalization
Birthright citizenship (Jus Soli)
  • Birthright citizenship (Jus Soli)
    Yes
    Unrestricted: Any child born in the country automatically becomes a citizen.
Naturalization - Standard Conditions
  • Minimum residency period
    5 years
  • Physical presence requirement
    –
  • Language test
    Yes, Spanish
  • Need to renounce original citizenship?
    Yes
  • Can minor children naturalize?
    –
  • Can naturalized parents pass citizenship to a child born abroad?
    –
  • Can you lose naturalization due to prolonged absence/ naturalization elsewhere?
    –
Naturalization - Your Spouse is a Citizen
  • Living IN the country: Residency/marriage requirement
    2 years / 2 years
    Must be both married and reside in the country for 2 years. May apply immediately, if you have a common child.
  • Living ABROAD: Marriage requirement
    Not allowed
  • Language test
    No
  • Need to renounce original citizenship?
    Yes
Naturalization - Other Beneficial Provisions
  • Your child is a citizen
    Immediately
    May apply immediately if you have a common child with a Cuban spouse. Having a child born in Cuba (jus soli) does not seem to work.
  • Citizens of specific countries
    No provisions
"–": The provision has not been analysed.
Taxation
For more details visit Cost of Living
  • Taxation Type
    Residence-based
A tax resident of a country with a RESIDENCE-BASED tax system pays taxes on their WORLDWIDE income. However, if you lose tax residency status there (e.g., by moving out), the country will generally stop taxing you.
Schiff Sovereign's Take on Cuba
As things stand today, Cuba is a wonderful place to visit. But outside of that, it’s not yet appealing for much else.

It is a frontier market with massive potential. The problem is – nobody knows when and if that potential can be realized. 

Nevertheless, entrepreneurs are constantly trying to infiltrate the country in the hopes of “being early” and making easy money. 

People wishfully forecast that the country will be the “next big thing”. As a result, money floods in, chasing this dream, and drives up the country’s prices.

This is not the way a disciplined investor makes money.

Overpaying solely based on a wishful forecast is a bad idea. That’s similar to paying high prices for a business’ future earnings (that may never materialize).

Over the years, Sovereign Man has been presented with multiple private deals in Cuba. And we’ve passed on all of them, as they've been astoundingly expensive.

Cuba is also currently a challenging place to live for a productive individual. The Internet is still extremely slow, and it’s still a luxury that’s mostly reserved for the country’s affluent. 

And of course, you can forget about starting a (legal) business there.

Things are going to change, of course, and Cuba can become prosperous. Cubans are hustlers by nature. Under Fidel, they were forced to work every other day. On their days off, they ran black-market taxis, bartered with each other for food or basic supplies, and did what they could to boost their meager earnings. 

As a nation, Cubans have what it takes to build a future.

How fast that will happen will depend entirely on the government's commitment to maintaining the status quo. And so far, they have been surprisingly resistant to change.

But one day, gradually or suddenly, Cuba will open up again. And when that happens, Cuba could become an attractive residency pick, in addition to being an excellent tourist destination.

Sovereign Global Explorer

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Cuba Overview
  • Region
    North and South America
  • Capital City
    Havana
  • Largest City
    Havana
  • Currency
    Cuban peso
  • Languages
    Spanish
  • Population
    11.1 million (85th)
  • Life Expectancy
    79.6 years (56th)
  • GDP (Nominal)
    $107.4 billion (69th)
  • GDP/Capita
    $9,660 (91st)
Useful Data
For more details visit Cost of Living
  • Cost of Living
    Inexpensive (3/7)
  • Climate
    Comfortable (2/5)
  • Safety
    Safe (3/7)
  • Pollution
    Polluted (4/5)
  • English Proficiency
    Low (4/5)

Sovereign Global Explorer

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Explore Now
Found a mistake /
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Please let us know if you spot any inaccuracies on this page or have a suggestion on how to make it even more useful.
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PREMIUM REPORTS
Cuba inside Schiff Sovereign resources

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Cuba
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Trends & News

Forget Cuba opening up to the US, watch out for Venezuela

January 9, 2015 En route to Antarctica When the Soviet Union was dying out and privatization schemes and free market measures were being implemented, it was like the Wild West out there. With a bit of street smarts, insights, the right contacts, information, and access to capital, you could grab or build a fortune. That’s […]

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