Before beginning their activities, joint ventures and foreign and local investors who are part of international economic association agreements, as well as entirely foreign capital businesses must register with the Business Register in Cuba.
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.
The investment sectors in Cuba which are considered priorities are as follows.
There are many reasons why foreign investors should start a business in Cuba, such as:
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.
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.
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.
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.
The foreign investments in Cuba are regulated by the “Foreign Investment Act” from 2014.
Here is a structured guide to company formation in Cuba, enlisting the main aspects to be taken into consideration before registering a company in Cuba.