On September 20, the regulatory package that legalizes the creation of Micro, Small and Medium Enterprises (MSMEs) came into force, while establishing changes in the operation of non-agricultural cooperatives (NACs) and self-employment. In this issue, Negolution brings you some similarities and differences between these different economic actors.
The only difference between the different categories of MSMEs is the number of employees. The number of employees in an MSME includes all the individuals involved in the activity of the enterprise, both partners and hired workers. This is the most widespread indicator used in the world, but the classification of MSMEs may include others.
MSMEs are economic actors with legal capacity, in both the state and private sector, engaged in the production of goods and services and classified by size according to their characteristics.
Cooperatives are an economic entity of entrepreneurial character with their own legal capacity, which is constituted based on the voluntary association of people who contribute money, other goods and rights; to meet the economic, social and cultural needs of its owner-members, based on their work and the effective exercise of the universally recognized principles of cooperativism.
E It is necessary to clarify that the concept of self-employment also changed in this new law. The self-employed worker (TCP) is an individual who undertakes an economic activity in an autonomous manner on a very small scale. The holder of a self-employed worker’s license may employ family members up to second degree relatives, without the need to declare them as hired workers. Additionally, a TCP can hire up to three workers.
Sources:
Cubadebate
Telegram channel “Actores Económicos”
Conferences on the official YouTube channel of the Ministry of Economy and Planning
Cuban News Agency
CubaEmprende
Official Gazette No. 94, August 19, 2021
