Cuba’s Most Common Business Ideas for 2021

Photograph: Dennis Valdés.

By El Toque

HAVANA Moments – Promoting or promoting, opening a compact shop, or featuring expert services in style and design, programming and software package enhancement are the initiatives that have produced the most queries in the Financial Activities Browser produced by El Toque for the non-public sector in Cuba. The web site was released in August.

Cubans used this instrument to locate out if their plan for a personal or cooperative enterprise is permitted in Cuba below the current laws. The application is based mostly on info from the National Classifier of Financial Routines, as effectively as the record of things to do that aren’t licensed for the unique groups – non-agricultural cooperatives micro, small, and medium companies and self-employment. The official lists of actions authorized and prohibited were formally offered in Decree 49/2021.

Soon after undertaking a statistical investigation of more than 8,000 queries carried out on the internet site in the earlier four months, we picked the 30 most commonly stated routines. To do so, we grouped the conditions alphabetically and in accordance to their indicating, which allowed us to determine the amount of lookups connected to each economic activity.

It’s truly worth noting that the most sought-out routines are not typically tied to very important places of the financial state, but relatively are linked to other current business initiatives. On the other hand, over the earlier months there is been a escalating shortage of meals, hygiene merchandise and clothing in the state business enterprise networks that offer in Cuban pesos. Lots of goods have been transitioned to selling in overseas forex. This has determined the growth of the casual current market, as an option to have obtain to these items, considering the fact that most Cubans only have pesos.

As a outcome, there are at any time a lot more members in the casual marketplace. These financial actors dedicate them selves to the resale of products and solutions, or to shopping for products exterior the nation and reselling it back household. The latter explains why several consumers of the look for engine want to know what sorts of item profits could be lawfully certified as a small business.

There’ve also been recurring queries linked to functions these types of as educating, consulting, and advising, which signifies that many extremely professionalized sectors are fascinated in moving into the non-point out industry. Architecture confirmed a equivalent sample, while there have been less all round lookups.

Lookups associated to publicity and internet marketing activities were also pretty common. Presented the landscape which is coming with the creation of the micro, smaller and medium small business possibilities, the new non-agricultural cooperatives and the self-used personnel, marketing and advertising and advertising and marketing reports will grow to be critical, in get to create information and spur products and services to improve competitiveness between the financial actors.

One more of the routines most normally searched are those people tied to individual caregiving. If we just take into thought the details from the report: “The getting older of the populace, Cuba and its territories”, posted in 2021 by the Cuban Nationwide Studies and Facts Business office, we locate that 21.3{3e92bdb61ecc35f2999ee2a63f1e687c788772421b16b0136989bbb6b4e89b73} of the Cuban population is over 60 yrs aged, and there is no indicator these quantities are heading to shrink. Consequently, the existence of personal services devoted to caring for the aged could provide reduction and direct to a broader availability.

If we team the searches according to place, we find that the five places wherever the most inquiries were being realized were: Cuba, the US, Spain, Germany and Canada.

In the situation of queries originating in the United States, the standard pattern remains the similar: profits and commerce, style, programming, and instructing. From Spain, there were additional recurrent queries about other small business concepts, these as recording studios, ice product parlors, or queries associated to tourism and to milk.

Searches conducted from Cuba

The searches from Cuba weren’t really diverse from the general lookups.

Income and commerce at the time once more had the top purpose. There was an really wide spectrum of searches in terms of styles of product sales and internet marketing. There ended up also a good amount of lookups of functions similar to the manufacturing or elaboration of distinctive tender beverages and fruit beverages. The problems locating these solutions in the condition market place, and the superior prices in the informal and private marketplaces has produced curiosity in such things to do.

Amongst users’ questions are these with regards to the chance of forming merchandising groups, creating cooperatives of translators and interpreters, and about the precise legality of tattoo parlors.

An assessment of the facts also uncovered the actuality that there are queries linked to a much more intricate economic circumstance and a lot more closely related to intercontinental tendencies. Even though it’s real they don’t have a whole lot of frequency, we list some below for their value in being familiar with some features of Cuban truth.

  • Remittances
  • Blockchain – cryptocurrency
  • Coaching
  • Gold mining
  • NGOs
  • Accounting for small and medium enterprises
  • Cooperatives of translators and interpreters

Scenario of the micro, smaller and medium businesses and personal providers in 2021

Considering that the to start with record of permitted impartial economic pursuits was printed on September 29, a total of 1,207 financial enterprises have been approved. In accordance to the Ministry of the Financial system and Preparing, of the overall number of micro, tiny and medium businesses approved, 1,166 are personal, 22 are condition-operate, and only 19 are cooperatives.

The primary economic activities identified in the lists up until eventually now are tied to development, foodstuff production and pc programming functions, as well as vehicle upkeep and repair. A few of these things to do ended up among the all those most searched.

How does the financial things to do research motor function in the non-condition sector?

After a look for ask for has been been given, the tool returns a record of functions relevant to the look for phrases, together with a description of these. Every single action is marked with an icon that indicates whether or not it is licensed in the nation.

The searches can have the identify of the exercise that the searcher is fascinated in, or some phrases relevant to it. For case in point, to seek out facts no matter whether it’s doable to commence a bakery or relevant exercise, the person could enter the word “bakery”. It’s not essential to increase text these kinds of as: “How could I?”, or “Is it achievable?” or to produce question marks.

In purchase to set emphasis on 1 key phrase throughout the look for, we propose incorporating the image “+”: for illustration: “producing +cheese”. This will restrict the lookup effects to the word that seems just after the moreover indication.

For these who need immediate information about what isn’t authorized, the site also offers the alternative of downloading the overall record of routines that are forbidden for non-agricultural cooperatives, personal micro, smaller and medium enterprises, or self-work.

To consider out the lookup engine, simply click here.

Go through far more from Cuba right here on Havana Instances

Maria Flores

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