Cuba Plans to Allow Overseas Nationals to Invest in Island Businesses

Cuba's Deputy Prime Minister Oscar Perez-Oliva Fraga announced plans to allow Cuban nationals living abroad, including in the United States, to invest in and own businesses on the island. This policy shift aims to revive Cuba's struggling economy amid U.S. sanctions and follows the start of talks with the Trump administration. Cuba seeks investment in sectors like agriculture, with land ownership remaining state-controlled, signaling openness to both small ventures and larger projects by the diaspora and U.S. companies.