Company registration in Cuba

Name of service Bronze Silver Gold
Check and reserve of the company name Obtaining approval from the registrar for the company name
Company registration, including state fees Preparation of a full package of documents, depending on the chosen form of ownership, cooperation with the relevant authorities prior to obtaining information on company registration
Set of constituent documents Preparation of a complete package of constituent documents of a company of any form of ownership
Legal address for 1 year Provision of legal address for your company in a given jurisdiction, eliminating the need to purchase or rent real estate
Company seal Issue and delivery of a company seal with details
Assistance in opening an account Collection, preparation and submission of the necessary documents for opening a corporate account
Apostille of constituent documents Apostille of a set of corporate documents
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

Action

If you will register a company until 30th of April ,
opening a bank account is for FREE

Start registration

Pricelist

6 steps

  • 1

    Choose a
    jurisdiction

  • 2

    Choose
    a bank

  • 3

    Pay for the service
    using suitable
    method

  • 4

    Receive credentials
    of your new
    company

  • 5

    Receive credentials of
    an opened bank
    account

  • 6

    Receive a package with
    documents delivered
    by DHL

Cuba has been making efforts to improve the investment climate and attract foreign capital into the country for more than 10 years. Today, the jurisdiction has become a low-tax, and loyal to non-residents “harbor”, from which it is convenient to do international business and interact with European and American partners. Cuba is an low-tax zone in which progressive investment legislation is in force and double tax treaties are signed with ten partner countries. During the first eight years of the company’s existence, business owners with a share of local capital are subject to zero-rate corporate taxes, and for non-resident organizations the tax rate is low.

Company registration in Cuba is beneficial for many reasons:

  • it is allowed to establish companies with one hundred percent share of external capital;
  • low-tax companies are included in the action area of Cuban civil law;
  • organizations are not required to provide financial and accounting statements;
  • foreign investments are protected from political change;
  • the amount of paid-in and issued capital starts from one peso;
  • no need for local registered agents and office;
  • during the establishing, companies are exempt from customs duties when importing equipment and goods necessary for the operation.

Conditions and process of a Cuban company establishing

For non-residents, the most convenient ways of a company establishing in Cuba are Joint Venture (work with citizens of the country in a joint format) or establishing a business with completely foreign capital. They open equal opportunities; the question is only in the nuances of registration. Non-citizens and companies with foreign capital are entitled to work in any field other than educational, military, and health care.

 

The newly established company must have at least two shareholders, one of which is a Cuban resident. For work, one director – a person or a legal entity – is enough if a company is founded with 100% foreign capital, it must arrange official permission from the authorities, and nonresident founders must receive multiple business visas, allowing to stay on the “island of freedom” for up to three months in a row. Stages of their issue are as follows:

  • to receive an invitation from Cuban partner organizations and an entrepreneurial license;
  • to provide the consulate with a passport (general and foreign), English-language questionnaire, photos, airline and hotel reservations, medical insurance;
  • to pay a fee at the consulate – about $ 35, or $ 60 when filed through representatives (this is allowed);
  • to confirm the non-conviction – by a standard reference
  • to prove a solvency (from $ 50 for each day of stay) – to take a bank statement.

Having received a visa, an entrepreneur must collect registration documents (corporate charter, extract from the register, power of attorney for the intermediary with the right to sign, accounting reports), translate them and notarize. Next, a questionnaire and registration form, which are issued by the Cuban authorities, are filled out and the package, together with a power of attorney for the directors and a receipt for payment of services, is submitted to the Chamber of Commerce.

 

You will need a legal and organizational support of topic experts to quickly register a company in Cuba and be guaranteed that it is complete and legal. It will be provided by “Prifinance” company. We will undertake the preparation of documentation packages for a visa obtaining and a company establishing, open an account and do everything so that the customer does not face the hassle and launch a business in Cuba easily.

 

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