All companies need to be registered, which guarantees that they meet certain requirements set by a government or other authority. This registration is an obligation for companies to comply with their legal and tax obligations for the payment of taxes to a country’s public funds.
In recent years, Cuba has expanded its commercial market for Cubans and foreigners by opening up new forms of business management that previously had no place on the island. Among these changes was the introduction of new forms of management with greater autonomy for individuals, the familiar MSMEs, some state-owned and others not.
This measure allowed many Cubans to invest in the creation of companies that today operate in key sectors of the economy, such as imports, production and services of various kinds.
These new forms of management must comply with the established legal framework, which includes requirements for the registration of the company, guarantees for employees and the payment of taxes according to the specific modality in which the company is classified.
What types of entities are required to be registered in the Commercial Register?
- MIPYMES
- Non-Agricultural Cooperatives
- Joint ventures
- Foreign-owned companies
- Cuban capital stock corporations
- Branches of foreign companies
- Foreign entrepreneurs with permission to do business in Cuba
- State-owned enterprises undergoing improvement
How to register a company
In Cuba, the action of registering a company must be carried out in the Office of the Commercial Registry corresponding to the territory, this entity answers to the Ministry of Justice.
Documents required for the registration of a company in the Commercial Register
- Written request: Submitted by the authorized person of the corporation or individual entrepreneur, whose signature must be authenticated by a notary public or chamber of commerce.
- Appointment of representative: Deed or power of attorney naming and setting forth the powers of the natural person who will act as representative, together with a curriculum vitae.
- List of products and services provided
- Banking report issued in a previous period of less than three months by a bank of the National Banking System of the Republic of Cuba.
For those cases where it is possible and necessary to attach in addition:
- Summary of the entrepreneur’s or company’s history for the 5 years prior to registering. General information about the techniques, procedures and policies relied upon by the individual or entity should be provided.
- List of companies or individual entrepreneurs with whom it has conducted negotiations in the country during the three years prior to registration, with details of the operations carried out and their approval by the competent bodies.
- Incorporation documents proving that the company or entrepreneur is authorized to operate in the country of origin.
Please note:
Documents must be translated and certified to be valid if they are not in Spanish.
What does it mean to be registered in the Commercial Register?
Registration in the Registry gives the company legal status and is declaratory in nature, and therefore constitutes an obligation to comply with the contracts entered into during this process.
About Us
Opapeleo is your agency for procedures 100% online or telephone. We are in Washington DC 150 meters away from the Cuban Consulate. We provide services for the Extension and Renewal of Cuban Passport, Legalisations, Powers of attorney on all kinds, Authorisations for minors to leave the country, DVT, Visas to Cuba, Top-ups, applications for Cuban certificates, delivery of official documents and all kinds of procedures related to Cuba.
