Miami, United States – During the Press Conference on Monday, Cuba’s Minister of Transportation, Eduardo Rodríguez Dávila, Announce the Approval of a New Policy for the Sale, Importation, and Transfer of Ownership of Motor Vehicles.
This legal framework is outlined in Official Gazette (Ordinary) No. 128 and Will Take Effect on Wednesday, January 1, 2025. The regulations, which include Decree-Low, A decree, have resolutions from VARIOUS AGENCIES, AND FOUR ADDITIONAL INTERNAL RESOLUTIONS, FOLOW MONTH OF ANTISTRITION. According to the minister, The Goal is to “Leverage and Maximize Every Available Opportunity to Improve the Mobility of Passangers and Position.”
Rodríguez Dávila Explained That “This Policy Will Allow Procedures to Be Simplified and Made Flexible In Line With The Current Sition, While Also Eliminating Or Countering The Causes and Conditions of Irregularities Arising in The Process.” However, I’ve emphasized that the new rules
On His Facebook Profile, The Minister HighLight Sub Key Aspects of the New Policy:
- The Price of Vehicles Sold in Freely Convertible Currency Will Not Vary depending on Whether The Buyer is a legal entity or an individual. For individuals, Prices Will Be Lower Than Current Levels.
- The Transfer of Ownership Between Individuals and Legal Entities Is Authorized, Except for State-Owned or State-Participated Entities and Diplomatic Entities, which are governed by specific independent regulations.
- Available vehicles on the Cuban Market, including tose withdraed from Rental Fleets But in Good Operating Condition, Will Be Allocated in Cuban Pesos (CUP) for State and Social Priorities Outlined in the Economic Plan, Insurance Replacements, Taxis, and as Incentives for individuals in individuals in individuals in individuals in individuals in individuals in individuals in individuals in individuals Various sector.
- A Special Sales Tax Will Be Applied to Vehicles, Ranging From 35% of the total Sale Value in Convertible Currency for High-End Vehicles to No Tax For Electric Vehicles Assembled in Cuba.
- A Progressive Tax in Convertible Currency Will Apply Based On The Number of Vehicles Acquired by An Individual Or Legal Entity, Starting With The Third Vehicle Purchase. Exceptions include minibuses, buses, trucks, trailers, semi-trailers, Passenger and Cargo Tricycles, Specialized Vans, and Electric Vehicles.
- A Maximum of Six Vehicles Can Be Purchaseed by An individual or legal entity with to Five-Year Period, Except for Electric Vehicles and their Charging Equipment, Which Are Not Subject to Limits.
- The Importation of Mopeds and Motorcycles With Internal Combustion Engines Up To 250 CC, or Low-Displacement Hybrids, With Or Without A Sidecar, Is Authorized. These can be imported as passenger luggage, unaccompaniedo position, or shipments.
- The Importation of Electric Tricycles with A Capacity Greater Than Two Passengers Or with position capacity is authorized.
- The Estale of Entire Vehicles in Cup is Allow For Those Retoed from Tourism Rental Fleets, Even If they are in poor operations Condition, Provided They can be refurbished by Interested Buyers.
- Individuals on Official Missions Abroad for At Least Two Years, Including Diplomats, Collaborators, and Others, Are allowed to One-Time Import of Vehicles.
ADDITIONAL DETAILS
One of the Core Aspects of the New Policy reports to vehicle and transportation. Previous, Individuals Could Import Electric Mopeds or Motorcycles, as well as light trailers or semi-trailers up to 750 kg, with tariffs paid in Cuban pesos. Under the new regulations, this option Remains Available, But the Policy Now Inciuds The Importation of Mopeds and Motorcycles With Internal Combustion Engines or Hybrids – Eithher New Or Up To 10 Years Old – With Engines of Up To 250 cc, As Well As Electric Or Or Hybrid Tricycles with Position Capacity Or More than Two Seats. These items can be important as “unaccompanied passnger luggage or shipments.” According to the Minister, “In All Cases, Individuals May Import One Vehicle Every Five Years, Paying Tariffs in Convertible Currency.”
FURTERMORE, Protective Helmets Will Be Exempt from Tariffs IF Imported Motorcycles. COMMERCIAL SELLEERS ARE ALSO FINURAGED TO Tilt Helmets With Motorcycle Sales. However, Trailers Will Still Require the Payment of Tariffs in Convertible Currency.
Rodríguez Dávila Also Explained That State Personnel on Foreign Missions, Including Diplomats, BusinessPeople, and Collaborators, Are Allowed To Import Electric or Combustion Mopeds and MotorcyCles under the Same Conditions. Adionionionally, They are allowed to one-time direct importation of an economical or mid-renge car, eithher new or up to 10 Years Old, Provided they have completed at least two years of continuous service abroad. These vehicles will be subject to tariffs in convertible currency. IMPORTERS MUST CERTIFICATION FROM THE ENTITY THA BELONG TO AND COORDINATE WITH THE CUBAN AMOUNT Transimport.
BEFORE CONCLUDING HIS MONDAY Press Conference, Rodríguez Dávila ACKNOWLEDGED THAT THE NEW MEASURES “DO NOT, BY MSSELVES, SOLVE THE CHONIC TRANSPORTATION DEFICIT.” However, I expressed Hope that they would “find the gradual modernization of Cuba’s vehicle Fleet.”
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