Name of service | Bronze | Silver | Gold |
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Total cost | 7900 USD | 8900 USD | 9900 USD |
Accounting services | 125 USD | 125 USD | 125 USD |
Annual renewal (paid from the second year) | 2900 USD | 2900 USD | 2900 USD |
Name of service | Bronze | Silver | Gold |
---|---|---|---|
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Total cost | 7900 USD | 8900 USD | 9900 USD |
Accounting services | 125 USD | 125 USD | 125 USD |
Annual renewal (paid from the second year) | 2900 USD | 2900 USD | 2900 USD |
If you will register a company until April 30,
opening a bank account is for FREE
Select your
preferred jurisdiction
Choose a bank
that meets your
company's needs
Pay for our services
using a convenient
payment method
Receive all necessary
corporate documents
Receive details
for your newly opened
bank account
We'll deliver the original
documents directly
to you
The Republic of Cuba is an island surrounded by the Caribbean Sea and the Atlantic Ocean. Its proximity to the coast of North America promotes trade with the region's countries. Entrepreneurs who intend to register a company in Havana or any other city in Cuba are attracted by the opportunity to create a business in a low-tax country. Tourism is actively developing in the island state, and investments in agriculture, industry, and construction are encouraged. Registering a company in Cuba attracts excellent prospects for doing business because, in this country, the transformation of state property into private property has yet to occur.
The list of legal forms in which a foreigner can establish a company in Cuba is set by the Law on Foreign Investment.
JVs and IBCs can establish branches and representative offices in Cuba and abroad and participate in the capital of enterprises registered abroad.
One form of doing business in Cuba is the international economic association agreement (IEA), which does not involve the creation of a separate legal entity. Instead, the deal is concluded between one or more Cuban investors and foreign entrepreneurs. Cuban legislation defines a list of areas where such contracts are allowed.
The main legal act regulating the activities of non-resident investors is the "Law on Foreign Investment" of 2014. Its most important provisions are:
Foreigners are allowed to buy a company in Cuba or become part-owners. Conflicts arising between partners of the organization are solved by the statutes and, if necessary, in the Provincial Public Court. In addition, the Cuban International Commercial Arbitration Court is on the island and is considered one of the oldest in the Latin American region.
When registering a company in Cuba, it is crucial to keep in mind that the amount of income tax on companies with foreign capital is differentiated depending on the participation of local businesses in them:
In addition, companies can get permission to reinvest net profits and be exempt from the need to pay the appropriate tax for tax optimization.
It is more profitable for foreigners to open a business in Cuba in the free economic zone, where tax incentives are available:
Cuba has signed double taxation agreements with ten countries around the world.
Although, in general, the country's legislation is conducive to attracting foreign investment, opening a company in Cuba requires more effort, as it requires obtaining permits from government agencies. The procedure for setting up a company is quite long, and in case the entrepreneur has made mistakes or has yet to submit a complete set of documents, it will take even longer to register the business.
Prifinance lawyers will advise on the procedure in detail. We will help buy a business in Cuba and prepare all the necessary documents for registering a new company. Our services include providing a legal address, stamps, and opening a bank account.