Cuba Authorizes the Creation of Private Companies of More than 100 Workers
27 Articles
27 Articles
By EFE The Council of State of Cuba published on Wednesday Decree-Law 133 that gives green light to the constitution of private companies with more than 100 workers, a new figure that adds to the existing mipymes (micros, small and medium) born in 2021. With the publication in the Official Gazette, the
The new companies will be able to set wages, import, export and associate with foreign capital under state control.
Companies may open secondary premises or establishments in any other province of the country.
The Cuban Council of State approved new rules to transform the country’s private business system, by means of Decree-Law 133/2026, published in the Official Gazette and which will enter into force seven days after its publication. The regulation allows for the first time the creation of private companies with more than 100 workers, a figure [...] Read More... from Cuba authorizes private companies with more than 100 workers The entry Cuba author…
HAVANA, September 3 (Xinhua) -- The Cuban government has issued a decree expanding the scope of private sector activity.
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