economy
May 6, 2026
Cuba Enacts Law Allowing Citizens Abroad to Invest on the Island
Cuba has authorized its citizens residing abroad to invest directly on the island, in an attempt to attract capital and alleviate the economic crisis amid tensions with the United States.
TL;DR
- Cuba has implemented a new law allowing citizens living abroad to invest directly on the island.
- The law, Decree-Law 117, aims to attract capital and combat the country's structural crisis.
- Cuban investors abroad will now have the same rights as national residents.
- The government seeks to attract investment, especially from the Cuban-American community.
- The new regulation also ends the concept of 'emigrado' (emigrant) for those abroad.
- This change occurs amid significant U.S. pressure and sanctions against Cuba.