Before beginning their activities in Cuba, joint ventures and foreign and local investors who are part of international economic association agreements, as well as entirely foreign capital businesses, have 30 days from the date of notification of the Authorization to submit all the needed public notarial documentation; and in the…
All companies need professional accounting services in Cuba, consisting of tax advice and planning. Accounting services are important because they allow the business owners to save a lot of time and money on their taxes, while they can focus on starting a business in Cuba and the growth and expansion of the company. Accounting regulations in Cuba The accounting…
The investment sectors in Cuba which are considered priorities are: agriculture and forestry;the biotechnological and pharmaceutical industries;the food, sugar, light, chemical, electronic, iron, steel and machine fields;tourism;transportation;health care;construction industry;energy and mines;wholesale trade. Our Cuba company formation professionals can provide more details on the investment sectors that are considered priorities in the country. Sectors which are not…
There are many reasons why foreign investors should start a business in Cuba, such as: it has fertile earth, 3,000 miles of coastline, important natural resources (nickel, petroleum), an educated workforce with competitive payments, little corruption and is eager for economic development through the growth of the private sector. For many, it is an…
A virtual office in Cuba is commonly a managed telephone answering or email exchanging service which receives and distributes telephone or email messages on behalf of a business. The company which utilizes this service generally does not have stable office premises or hire normal reception or customer contact personnel. Therefore, the virtual office or…
Shelf companies are companies that have previously been opened and which are left "to age" in order to have a longer track record, however they do not have any business activities untill they are bought by an entrepreneur. The most important advantage of such a company is that an investor can…
According to the legislation in Cuba, a foreign investor can open a subsidiary in Cuba as a legal entity, in the form of a company with registered shares, upon the registration of the corporation in the Business Register. Such a subsidiary can be an entirely foreign capital corporation, without the involvement of a Cuban investor…
The types of companies that can be established in Cuba by foreign investors are regulated by the Law No. 118 “Foreign Investment Act” issued in 2014. Business entities in Cuba According to the current legislation, foreign investments can be constituted in the following types of companies in Cuba: 1. Joint Venture: the most…
The foreign investments in Cuba are regulated by the“Foreign Investment Act” from 2014. The company formation services we offer in Cuba are customized to suit your particular needs and requirements, whether you are a private individual or an already established company. We have a team of experts who can also assist you on the…
When deciding to open a company in Cuba, the foreign investor has to get approval from either the MINCEX (Ministerio del Comercio Exterior de Cuba – The Exterior Commerce Ministry of Cuba), MINTUR (Ministerio de Turismo de Cuba – The Tourism Ministry of Cuba) or ZEDM (Zona Especial de Desarrollo Mariel…
