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registration of legal entity

Стоимость регистрации Стоимость со второго года Количество директоров Налог на прибыль Оплаченный УК Бухгалтерская отчетность
37500.00 USD 26250.00 USD 1 35.00% 1.00 Нет

Registration of a company in Cuba

The Republic of Cuba is an archipelago, numbering about 1600 islands, differing by area. The state is often called the "gates to the Gulf of Mexico", and even more often - "Island of Freedom". The capital of the country is the city of Havana. The total territory of Cuba is approximately 11 thousand km2.

The Caribbean Sea washes the southern territories of Cuba. The Atlantic Ocean plashes near the northern shores of the country. A large number of bays and small creeks are in the coastal zone of Cuba. The number of natural beaches is striking, because the nature gave to Cubans almost 300 of them along the entire coastline.

Only one third of the country's territory is mountainous (the Array of Sierra Maestra). Cuba is characterized by predominantly flat terrain.

Cuba is populated by Spaniards (about 60%), mulattoes (about 20%), and natives of African republics. The Chinese are the least in number in Cuba. The total population of the republic is about 11 million people.

Spanish is predominantly spoken in Cuba. Although it is considerably different from the classic Spanish by its sound. This is due to the impact of the languages of other peoples who are emigrants in Cuba.

Religion, which is confessed by the largest number of people in Cuba, is Catholicism.

The monetary unit of the republic is the convertible Spanish peso.

According to its state structure, Cuba is socialist republic. The head of the country is the Chairman of the State Council.

Moderate subtropical climate is dominant on the islands. The rainy season is traditionally replaced by the drought season. Humidity in Cuba is high throughout the year. It should be noted the exposure of the country to the constant passages of tropical cyclones.

If one decade ago the registration of offshore companies in Cuba was not prevalent phenomenon, nowadays the government of the country is taking active measures for registration offshore company in Cuba to become prestigious and profitable. Now foreign entrepreneurs can register business in Cuba as non-resident company and take advantages of low tax rates.

Some positive structural changes in the Cuban economy has begun in 2008, when Raul Castro came to power. The most popular become such spheres for investment as real estate market, agriculture, construction, sugar production on the basis of processing of sugar cane, nickel mining.

Due to the adoption of innovative law on investment, starting from June 2014, the owners of offshore companies in Cuba obtained the ability to use the zero corporate tax rate within 8 years. The basic rate will be 15% instead of the current 30%. But such innovations will be useful only for companies with Cuban equity contribution. There will be no changes for non-resident companies in Cuba.

Forms of doing business in Cuba

Buying or registering company in Cuba is preferred in such forms:

-Joint Venture;
- Company with 100% foreign capital.

The legislative framework for the activities of offshore companies in Cuba is civil law.

Peculiarities of offshore company in Cuba.

There is requirement for minimum number of shareholders. There should be two of them, either natural persons or legal entities. And at least 1 shareholder of the company shall be resident of the Republic of Cuba.

The company shall have at least one director, either natural person or legal entity.

Taxes on business in Cuba

The standard rate of tax on income of the company in Cuba is 35%.
Cuba has signed 10 treaties on the avoidance of double taxation.

Accounting for business in Cuba

The company is not required to submit financial statements.

Buying or registering offshore company in Cuba is now easy. Let registration of business in Cuba be confident start for You! Registration of companies in different jurisdictions is one of the most important directions in our work.

Set of documents
   
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Nominee director and shareholder
 

Price: +12500 USD

 
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General information
Square110 860.00
Population11 075 200.00
CapitalHavana
Unemployment3.10
Telephone code53
Place in the world in corruption61
locationCaribbean, island between the Caribbean Sea and the North Atlantic Ocean, 150 km south of Key West, Florida
Climatetropical; moderated by trade winds; dry season (November to April); rainy season (May to October); avg. maximum temperature (July) +30°; avg. minimum temperature (February) +22°
Literacy rate99.80%
Ethnic groupswhite 65.1%, mulatto and mestizo 24.8%, black 10.1%
National currencyCuban peso
USD exchange rate1.00
GDP per capita111
Official languageSpanish
Credit ratingC
The judiciarySupreme People's Court and the courts of first instance
Executive authorityPresident of the Council of State and Chairman of the Council of Ministers; First Vice-President of the State Council and the first vice-president of the Council of Ministers. The president is both the chief of state and head of government
Legislative authoritiesunicameral National Assembly (614 seats, the number is proportional to the population)
Corporate information
Opportunity to purchase ready-made companiesNo
Legal systemCuba's legal system is based on Spanish civil law, but it is greatly influenced by the political system and current situation in the country. Cuba's mode of foreign investment has been designed to secure regime survival, causing high level of bureaucracy
The use of the Cyrillic alphabet in the nameNo
Local registered officeNo
Local registered agentNo
Shares and share capital
Standard currencyCuban peso
The minimum amount of paid-in capital, nat. currency1
The minimum amount of the issued capital1
Bearer sharesNo
The usual size of the authorized capital10,000
Terms of capital paymentWhen registering
Usual nominal value of shares1
Possibility to issue shares without par valueNo
Taxation
VATNo
Basic corporate tax rate35.00%
Capital gains taxNo
Currency controlNo
Corporate tax rates details35%
Stamp dutyNo
Director and Secretary
Minimum number of directors1
The requirement for residency directorsNo
Director of legal entities are allowedNo
The data reveals to the local agentNo
Data field to the public registryNo
The requirement for the presence of the SecretaryNo
Requirement to the residense of the SecretaryNo
Requirements to qualification of the SecretaryNo
Legal entity as the SecretaryNo
Shareholder and beneficiary
Minimum number of shareholders2
Data is entered in the public registerNo
Shareholders residency requirementNo
Information about the beneficiary is disclosedNo
Information may be disclosed to the local agentNo
Shareholders-legal entities are acceptableYes
Reporting
The requirement for filing reportsNo
Open access to reportsNo
Statutory auditNo
The requirement for filing Annual ReturnNo
Open access to the Annual ReturnNo
The requirement for reportsNo
Treaty on avoidance of double taxation (States which signed)12
Membership in the OECDNo
Is it offshore according to Russian legislationNo
Trademark Registration
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