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Cuba

CU • SPANISH • CUC ($)

Cuba remains a challenging frontier for the liberty-minded entrepreneur. Despite recent openings for small private enterprises, the state maintains a suffocating grip on industry and property rights. The fiscal landscape is opaque, and systemic corruption within the military-led bureaucracy persists. While the island offers cultural richness, the lack of political pluralism and chronic shortages of basic goods undermine personal freedom. For those seeking economic sovereignty and minimal state intervention, Cuba represents a high-risk environment with significant institutional barriers.

Upsides
  • Low violent crime rates to provide a secure residential environment.
  • Recent legalization of small private enterprises to access niche markets.
  • High cultural richness and tropical climate to enjoy a unique lifestyle.
Downsides
  • Extensive state interventionism to limit private property and economic freedom.
  • Severe infrastructure decay to disrupt electricity supply and digital connectivity.
  • Systemic bureaucratic corruption to hinder transparent private business operations.

Taxation

Tax Treaties 0
IP Box ? Intellectual Property Box. A tax incentive offering reduced rates on income derived from patents, copyrights, and other intellectual property. No
Exit Tax ? A tax on unrealized capital gains triggered when a taxpayer moves their tax residence to another country. No

Compliance

BEPS ? Base Erosion and Profit Shifting. An OECD framework to combat tax avoidance strategies used by multinationals to shift profits to low-tax jurisdictions. Non-member
FATF ? Financial Action Task Force. An intergovernmental body that sets standards to prevent money laundering and terrorist financing worldwide. Non-member
FATCA ? Foreign Account Tax Compliance Act. A US law requiring foreign banks to report accounts held by US citizens to the IRS. Non-signatory
CRS ? Common Reporting Standard. An OECD standard for automatic exchange of financial account information between tax authorities globally. Non-signatory

Blacklists

FATF Blacklist ? Countries identified by FATF as having serious deficiencies in anti-money laundering and counter-terrorist financing measures. Clear
EU Blacklist ? The EU list of non-cooperative tax jurisdictions. Countries that fail to meet transparency and fair taxation standards. Clear

Payment Platforms

Stripe Unavailable
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Articles about Cuba