Cuba Authorizes Private Companies with More than 100 Workers in New Economic Reform
6 Articles
6 Articles
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 authorities have authorized the establishment of private enterprises employing more than 100 persons and have established a separate organizational and legal category for them.
The #Cuba regime approves new measures to expand the #private economy, but without transforming the productive model.
The Council of State of Cuba has published on Wednesday Decree-Law 133 that gives green light to the constitution of private companies with more than 100...
Decree-Law 133 formalizes one of the reforms announced in June: it eliminates the ceiling of 100 workers and legally recognizes larger private companies in Cuba.
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