In this page:
Setting Up a Company |
The Active Population in Figures |
Working Conditions |
Cost of Labor |
Setting Up a Company
- Public Limited Company
Number of partners: 2 minimum partners.
Capital (max/min): No minimum capital amount required.
Shareholders and liability: Liability is limited to their investment.
- The Competent Organization
The Ministry of Foreign Investment and Economic Co-operation, through the Evaluation and Project Investment management leadership (Direccion de Evaluacion y Gestion de Proyectos de Inversion, Investment Promotion Center) is in charge of negotiations with foreign partners.
- Business Setup Procedures
Trade Register, in Spanish.
The Active Population in Figures
CIA - The world factbook
|Total activity rate
|Men activity rate
|Women activity rate
UN - United Nations
- Legal Weekly Duration
8 hours per day and 44 hours per week
- Retirement Age
60 years for men and 55 years for women who have 25 years of service.
55 years for men and 50 years for women if the last 12 years or 75% involved working in a physically taxing environment
- Working Contracts
Employment contracts are permanent, temporary or task specific.
The 1995 law on foreign investments requires that investors use the State employment agency to hire workers.
Cost of Labor
- Minimum Wage
CUP 225 per month (source: ILO, 2011).
- Average Wage
Average monthly gross earnings in Cuba is CUP 440 (USD 19).
- Social contributions
Social Security Contributions Paid By Employers: Employer's contribution: 14%
Social Security Contributions Paid By Employees: Employee's contribution: 0%
- Social Dialogue and Involvement of Social Partners
The only legal union in Cuba is the Main Cuban Workers' Union (CTC) which is heavily dependent on the government. The workers are obliged to observer their colleagues and to report all "dissident" activity. The independent union activists are regularly subjected to detentions, harassment and threatened with trial. Despite everything, the existing organisations do not have the capacity to defend the workers in an efficient way. As they are not recognized, they cannot undertake collective negotiations or call for strikes.
The Main Cuban Workers' Union (in Spanish)
- Unionization Rate
96% of Cuban employees are affiliated to the Main Cuban Workers' Union (according to the CTC' own figures)
- Labor Regulation Bodies
Ministry of Labor and Social Security
Cuba and Mexico International Labor Organization (Spanish only)
Learn more about Operating a Business in Cuba on Globaltrade.net, the Directory for International Trade Service Providers.
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Last Updates: October 2014