If the regime opens the economy to the exile community, would you invest in Cuba?

Private business in Cuba (Reference image)Photo © CiberCuba

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The Cuban regime is reportedly preparing an economic opening that would allow exiles to invest in private businesses on the island, according to recent reports on potential reforms the government may announce in the coming days.

According to the U.S. newspaper Miami Herald, the government of Cuba may allow Cubans living abroad to invest in and even own private businesses in the country.

The measures would be related to micro, small, and medium-sized enterprises, the model of mipyme that the government began to allow in recent years as part of a limited opening to the private sector.

According to sources cited by the media, the plan would allow Cubans residing in Miami, other parts of the United States, and other countries to participate directly in the private sector of the island.

Cuban leader Miguel Díaz-Canel recently confirmed that there are conversations between Havana and the administration of President Donald Trump, and he indicated that the government will announce new economic measures.

According to Díaz-Canel, the Deputy Prime Minister and Minister of Foreign Trade and Foreign Investment, Óscar Pérez-Oliva Fraga, will provide details on these decisions, which are aimed at allowing Cubans living abroad to participate in the economic development of the country.

The possible opening comes amid a deep economic crisis on the island, characterized by food shortages, prolonged blackouts, deteriorating infrastructure, and a significant wave of migration in recent years.

However, any attempt to attract investments from the Cuban diaspora will face significant obstacles, including U.S. sanctions, the lack of legal guarantees for investors, and the mistrust that exists between the Cuban government and sectors of the exile community.

Recently, the Cuban regime introduced a structural change in the country's business model. The Official Gazette No. 24, published on March 3, 2026, regulates for the first time in detail how state-owned enterprises can partner with non-state actors, including private micro, small, and medium enterprises (mipymes) and cooperatives.

In this context, the Cuban leader Miguel Díaz-Canel announced last Friday that the Government is preparing new measures related to the policy towards Cubans residing abroad.

He stated that the goal is to facilitate their participation in the country's economic development and to reduce bureaucratic obstacles, and that these would be announced this Monday.

During statements to the official press, Díaz-Canel explained that over the past year there has been an "intense activity" of contact with the Cuban diaspora through the Ministry of Foreign Affairs and the Ministry of Foreign Trade. "There has been a strong connection," he noted.

The president indicated that multiple meetings have been held with Cubans in various countries and regions around the world, where they have presented proposals to contribute more to the national economy.

"Several meetings have taken place in various countries, as well as regionally around the world, where they have raised and explained their concerns, limitations, aspirations, made proposals, and pointed out what they consider to be obstacles to contributing more to the country," he stated.

Those interventions were recorded in a register that was later analyzed by the political leadership of the regime.

"We prepared a dossier of all those formulations," Díaz-Canel assured.

In addition to the regional meetings, sectoral meetings have been held with Cuban professionals residing abroad.

"If there is an industrial event or a business fair with the Cubans from that sector, meetings are held. And that has also provided us with a lot of information on the matter," he stated.

The leader emphasized that the Political Bureau and the Government discussed a package of measures that, according to him, would address the majority of the demands raised by the diaspora.

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CiberCuba Editorial Team

A team of journalists committed to reporting on Cuban current affairs and topics of global interest. At CiberCuba, we work to deliver truthful news and critical analysis.