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Cuba publishes text of foreign investment law

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April 16, 2014 01:30 PM EST | AP


HAVANA (AP) — Cuba has published the full language of a new law that seeks to make it more attractive for foreign investors to bring badly needed capital to the island.

The measure includes tax breaks for new investments and property guarantees for investors. It also outlines arbitration procedures and labor rules for foreign-financed projects.

Last month the law was approved by parliament and the broad outlines of its content were made public. The full text was published Wednesday in the government's Official Gazette.

It takes effect in late June.