Banking

Cuba Expands Relations with the International Financial Sector

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Alto Cedro Finanzas Internacionales S.L., a Spanish corporation based in Madrid, has received approval from Cuban authorities to operate a 100% foreign capital subsidiary in Cuba. The subsidiary will be known in Cuba as “Corporacion Financiera Alto Cedro, S.A.” The approval was granted in May 2020 by the Executive Committee of Cuba’s Council of Ministers.…

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