Madrid Spain.- The Cuban Government approved this August 10 180 proposals for the creation of private micro, small and medium-sized enterprises (MSMEs), many related to gastronomic services and construction.
With these new requests, there will be a total of 4,651 MSMEs that began operating in September 2021.
?‼️Ministry of Economy and Planning approves new economic actors
The Ministry of Economy and Planning (MEP) today approved 180 applications from micro, small and medium-sized private companies.— Ministry of Economy and Planning of Cuba (@MEP_CUBA) August 10, 2022
According to the Ministry of Economy and Planning (MEP), of these new proposals, 4,544 are private and 51 state, and there are also 56 cooperatives.
Regarding its origin, 53 percent are reconversions of pre-existing businesses and 47 percent correspond to new ventures.
These economic actors must generate 79,641 new jobs in the economy, estimate the Cuban authorities.
Of the 180 recently approved, 128 are part of local development projects and 12 are incubated in the Science and Technology Park of Havana.
Of all those approved, 128 are part of local development projects and 12 are incubated in the Science and Technology Park of Havana.
— Ministry of Economy and Planning of Cuba (@MEP_CUBA) August 10, 2022
MSMEs in Cuba can be state, private or mixed property and are recognized as economic units with legal personality with their own characteristics. In addition, the legislation allows them to have one or more partners, to be constituted as commercial companies and to be classified depending on the number of employed persons as: micro-enterprise, whose employed range is from one to 10 persons; small business, from 11 to 35; and medium-sized company, from 36 to 100 people.
For their part, they can work in the state, private and mixed sectors, but without access to strategic areas for the state such as health, telecommunications, energy, defense or the press. According to decree-law 46, MSMEs may not be created in some of the activities currently allowed for the self-employed (self-employed) such as computer equipment programmer, bookkeeper, translators and interpreters.
The authorizations to create MSMEs and cooperatives include activities related to accommodation, beauty services and industrial buildings and facilities, food production, exporters, local development projects, manufacturing, information technology, logistics and transportation activities, among others.
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