A few months ago, Cuba’s Vice Minister Oscar Pérez-Oliva Fraga, who is the grand-nephew of Raúl Castro, invited Cuban Americans in exile to invest in Cuba.

In 2019, the Cuban government amended their constitution to allow foreign investment. However, they did not change their laws to protect the investments.

Therefore, the risks to invest in Cuba remain greater than the opportunities.

Dr. Andy S. Gomez is Local 10’s Cuba Analyst. Gomez is considered one of the leading scholars on Cuba. He worked in higher education for 32 years before retiring from the University of Miami in 2012.