Cubans abroad will be able to invest, own businesses on island

AFP / France 24
by FRANCE24
March 17, 2026
3 min read

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Cuba's government announced Monday that it will permit Cuban nationals living abroad to invest in and own businesses on the island, a significant policy reversal aimed at bolstering the struggling economy. The reform allows the diaspora—historically barred from direct economic participation in Cuba—to channel capital into the country as it faces mounting pressure from US sanctions and economic deterioration. The move signals Havana's willingness to tap external resources to address severe shortages and fuel growth that domestic measures alone have failed to achieve. By opening investment channels to exiles and emigrés, Cuba hopes to attract capital infusions and remittance-driven entrepreneurship without requiring a full political reconciliation with the diaspora. The decision reflects the government's pragmatic pivot toward economic survival, though it remains unclear how significantly it will ease Cuba's deepening financial crisis.

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