Cuba is one of thirteen independent states that form island America, the Antilles, or the islands of the Caribbean. The Cuban government has a simple and understandable investment policy called “updating the economic model”, so registering a company in Cuba is a profitable business. And this is not only the registration of a company in Cuba selling coffee, cigars and rum. The main factors shaping the economy are also the export of sugar, potatoes, beans, rice, citrus fruits.
In Cuba, you can establish:
-company with full foreign capital (IBC),
-joint venture - an analogue of a joint stock company (JV),
-and the International Economic Association (IEA),
but registering a company in Cuba without a personal visit is better either at IBC or JV.
Such companies are not required to pay tax for 8 years from the start of operations, then the rate is 15%. You can register a company in Cuba for a period of 50 years. Also, in the first year of operation, the company is exempt from paying sales tax, then a tax of 15% is added. Mandatory social insurance at a rate of 14%.
To open a business in this jurisdiction, it will be necessary for the company structure to meet the following conditions:
-name the company a non-repeatable name with the designation of ownership at the end (IBC can be registered both for an individual and a legal one as a branch of a foreign company);
-at least 1 director (resident or non-resident);
-the minimum number of shareholders is 2, at least one of them is a resident;
-authorized capital - from 10 000 CUP (about 8 827 EUR);
-the presence of an office registered with a Cuban partner;
More here - https://europa.eu/european-union/eu-law/decision-making/procedures_en
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