Project Details


WSIS Prizes Contest 2023 Nominee

Single Window for Foreign Investment in Cuba


Description

The project focuses its actions on the development of the Digital Single Window Platform for Foreign Investment in Cuba as an instrument for facilitation, revitalization of information exchange, reduction of time and transparency. With its operation, internal obstacles are eliminated, betting on management modes where simplification, standardization and automation of processes and standards predominate.
The fundamental objectives of VUINEX are to provide information and advice on foreign investment, promote business opportunities, and facilitate the constitution of foreign investment modalities, the carrying out of its investment processes and the processing of permits, licenses and authorizations. .
Its implementation constitutes an indirect incentive to foreign investment, since it will allow expediting the permits, licenses and authorizations required by businesses with foreign capital. It allows foreign and national investors residing abroad to consult and manage via the web what refers to the permits of foreign investment modalities.
The greatest impact is its 24-hour availability via the Internet, speeding up and simplifying information flows between potential investors and the diversity of government entities and companies involved in the process. It will affect the competitiveness of the country's economy with agile, easy and safe processes that make Foreign Direct Investment viable. It provides benefits such as effective technical assistance, quality and security of information, legal certainty, reduction of time and costs.

Project website

https://vuinex.mincex.gob.cu/


Images

Action lines related to this project
  • AL C1. The role of governments and all stakeholders in the promotion of ICTs for development
  • AL C2. Information and communication infrastructure
  • AL C4. Capacity building
  • AL C7. E-government 2023
  • AL C7. E-business
  • AL C11. International and regional cooperation
Sustainable development goals related to this project
  • Goal 8: Decent work and economic growth
  • Goal 9: Industry, innovation and infrastructure
  • Goal 10: Reduced inequalities
  • Goal 17: Partnerships for the goals

Coverage
  • International

Status

Completed

Start date

December 2020

End date

November 2022


Replicability

The platform can be used by any entity that needs to automate its foreign investment process or any type of process with small changes.


Sustainability

This project is sustainable. Foreign investment is a process that is carried out in all countries, mainly in sectors that promote sustainable development.


WSIS values promotion

The project helps with the use of ICT to boost the process of foreign investment that catalyzes the country's economy, creates jobs, products and services.


Entity name

University of Informatics Sciences (UCI)

Entity country—type

Cuba Academia

Entity website

https://www.uci.cu/