Not legal, tax, or investment advice — and not authorization for any transaction. U.S. sanctions (the Cuban Assets Control Regulations, 31 CFR Part 515) heavily restrict — and in most cases prohibit — dealings between U.S. persons and Cuba, including any form of investment or equity in a Cuban business. The rules are complex, fact-specific, and change; nothing on this site is a determination that any transaction is lawful. Structure anything Cuba-facing only with qualified OFAC sanctions counsel, and screen every party (names, entities, wallets) with QvaPay Sentinel.
Primary sources: OFAC Cuba Sanctions · 31 CFR Part 515 (CACR) · OFAC Cuba FAQs · Cuba Restricted List
Habanos S.A.
aka Habanos
State + foreign-partner cigar distribution monopoly. Current holder of the confiscated Cuban cigar marques (Partagás, Montecristo, H. Upmann, Romeo y Julieta, Hoyo de Monterrey).
Assets controlled (5)
Vuelta Abajo Tobacco Region
Private farms (vegueros) exist; Habanos S.A. distribution is a JV
Partagás Cigar Factory (Cifuentes)
Confiscated 1960; building closed (2020 roof collapse)
H. Upmann Factory / Montecristo (Menéndez-García)
Confiscated Sept 15 1960; family fled to DR
Hoyo de Monterrey / Punch (Palicio)
Confiscated 1959-60; Palicio left for FL
Romeo y Julieta Cigar Factory
Confiscated after 1959