The Cuban government announced this Monday new measures to facilitate the participation of Cubans residing abroad in the national economy, including the possibility of being owners or partners of private businesses within the country.
The information was shared on Facebook by the official journalist Lázaro Manuel Alonso, citing statements from Oscar Pérez-Oliva Fraga, the Deputy Prime Minister and Minister of Foreign Trade and Foreign Investment.
Among the announced decisions is the allowance for Cubans living abroad, even those without effective residency in Cuba, to participate in or own private businesses on the island.
Moreover, the possibility will be opened for Cuban emigrants to associate through companies with private Cuban businesses, a measure that would not be limited solely to small ventures.
According to the information released, these associations could also encompass larger-scale infrastructures and projects, expanding the scope of diaspora investment in the private sector.
The new regulations also include the participation of Cubans abroad in the country's financial and banking system, allowing them to operate within the realm of business and finance.
As part of these measures, Cubans residing outside the island will be able to open foreign currency bank accounts in Cuban banks, aiming to facilitate economic operations and business projects.
The announcement is part of the government's efforts to attract capital from the diaspora, amid the profound economic crisis the country is experiencing.
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