With permission this week of 112 new micro, small and medium enterprises (MSMEs), Cuba closed the year with 6,273 of these suitable small-format companies, at least in theory.
Of that amount, 6,138 are private MSMEs, 75 state MSMEs, and 60 non-agricultural cooperatives, as reported by the Ministry of Economy and Planning (MEP) from different platforms.
The Ministry of Economy and Planning (MEP) today approved 112 applications from private MSMEs.
— Ministry of Economy and Planning of Cuba (@MEP_CUBA) December 29, 2022
Due to their origin, 52% of these new economic actors are reconversions of pre-existing businesses and 48% correspond to new ventures. They will be able to generate almost 106,400 new jobs, according to MEP calculations.
Of all those approved to date, 144 are part of local development projects and 14 are incubated in the Science and Technology Park of Havana.
The authorizations to create MSMEs and cooperatives include activities related to accommodation, beauty services and local development projects, among others.
However, they do not have access to spheres considered strategic by the State, such as health, telecommunications, energy, defense and the media.
Promotion against rentism: the payment of taxes for newly created SMEs
MSMEs can be state, private or mixed, and are recognized as an economic unit with legal personality with its own characteristics.
This type of economic actor coexists with the socialist state company -the main one for the State in the Cuban communist system-, non-agricultural cooperatives and self-employment.