Cuba takes step towards incorporation for private businesses

Marrero

CUBA STANDARD — In a long-awaited move, the Council of Ministers gave the go-ahead to create a new legal framework for companies, official media reported. That includes hundreds of thousands of small private businesses, which have languished under the status of “self-employed” for three decades, with many owners eagerly expecting to incorporate their business.

Welcome to our site! Please consider acquiring a membership to access exclusive content. Click here to subscribe.

0 Shares:
You May Also Like

Cuba in negotiations for $300m in solar projects

Cuba is amid negotiations with foreign investors for the construction of 150 megawatts of utility-scale photovoltaic projects, and another 200 mw may be up for grabs eventually, Cuban officials announced