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Cuba Property Solutions
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Cuba Business & Investment Updates

Cuba Business & Investment Updates

Current legal, economic and regulatory developments affecting property, investment and private business in Cuba.

Cuba Property Solutions verifies important information in advance against relevant official sources. On this page we clearly distinguish between rules in force, approved changes, announced reforms and developments still under review.

Property & housing

Cuba's New Housing Law 187/2026: What Changes for Property Owners, Foreign Buyers and Investors?

Status: PUBLISHED — IMPLEMENTATION APPROACHING
What changed
An in-depth analysis of Cuba's housing reform: ownership, real estate activity, transfers, inheritance, renovation and the legal questions that remain open.
Read the full analysis

Last verified: 17 October 2026

Investment & BusinessAll
12 October 2026Foreign investment / Private companies / Infrastructure & continuity

Cuba Publishes New Oil and Gas Law Allowing Authorized Private and Foreign Participation (Gaceta Oficial No. 85)

Status: PUBLISHED — IMPLEMENTATION APPROACHING
What changed
Gaceta Oficial No. 85 Ordinaria (12 October 2026) publishes Decreto-Ley 135/2026 “De Petróleo y Gas” (Council of State) and its implementing regulation, Decreto 184/2026 (Council of Ministers). They replace the 1938 Ley de Minerales Combustibles and Ley 635 of 1959 and regulate exploration, production, refining, transport, storage and commercialization of oil, gas and derived products, onshore and offshore. The Decreto-Ley applies to national and foreign natural and legal persons, but any participation requires prior authorization (Art. 20). Exploration and production require approval by the Council of State and an enabling title granted by the Council of Ministers (Arts. 22–23), through a production-sharing contract, an oil concession, an oil-services contract or other legally recognized forms of association (Art. 21). Production-sharing contracts run for up to 40 years, extendable by up to 10 years (Art. 28); concessions are awarded by open or restricted tender and run for up to 30 years, extendable by up to 10 years (Arts. 31–32). Under Decreto 184/2026 (Art. 13), Cuban MiPyMEs, private companies with more than 100 workers and non-agricultural cooperatives may apply to carry out exploration and production on their own under the concession modality, subject to approval by the Council of Ministers; foreign persons participating on their own do so under the foreign-investment modalities (Art. 14). Refining may be carried out by authorized persons individually or in association (Art. 53). Oil and gas deposits remain the socialist property of the whole people and are inalienable (Art. 3). The Decreto-Ley enters into force seven days after publication, i.e. on 19 October 2026; Decreto 184/2026 contains the same seven-day provision.
Who it affects
Foreign investors and energy companies · Cuban MiPyMEs, larger private companies and non-agricultural cooperatives · Oil-field service, logistics and construction providers · Owners and users of industrial, storage and warehouse property · Hospitality and commercial operators dependent on fuel and electricity
What it means in practice
The framework creates a legal route — not an automatic right — for private and foreign participation along the oil and gas value chain. Each project still requires accreditation, registration in the Registro Central Minero Petrolero before activities start, and case-by-case approval at the highest level of government; the Ministry of Finance and Prices has yet to issue the related fiscal rules. Over time, authorized projects may create demand for industrial land, storage, warehousing, logistics, construction and technical services, and could eventually affect energy availability for businesses and hospitality. No timeline for such effects can yet be assumed.
CPS note
This legislation does not transfer ownership of oil or gas resources, does not grant concessions or exploration rights automatically, and does not create property-ownership or residency rights. It also does not change U.S. sanctions: energy-related transactions involving Cuba remain particularly sensitive under U.S. rules, and banks, insurers and equipment suppliers apply their own compliance policies. Cuban authorization requirements and sanctions exposure should be assessed separately. Official source: Gaceta Oficial de la República de Cuba, No. 85 Ordinaria, 12 October 2026.

Last verified: 14 October 2026

5 October 2026Import & export / Private companies / Foreign investment

Cuba Introduces New Commercial Import Option for Individuals (Gaceta Oficial No. 83)

Status: PUBLISHED — IMPLEMENTATION APPROACHING
What changed
Gaceta Oficial No. 83 Ordinaria (5 October 2026) contains three instruments. (1) Decreto-Ley 132/2026 modifies Cuba's customs framework for imports by natural persons: a natural person whose merchandise does not qualify for normal non-commercial import treatment may, under the conditions established, opt to formalize it as a commercial import. The decree-law expressly states that this does not constitute a foreign-trade activity (“actividad de comercio exterior”). It is a customs mechanism, not a licence to operate as an import company. (2) Resolución 197/2026 (Ministerio de Finanzas y Precios) sets progressive customs duties, payable in USD, for qualifying commercial imports by travellers: 15% on the value up to USD 2,000; 20% on the portion above USD 2,000 up to USD 4,000; 25% on the portion above USD 4,000 up to USD 6,000; 30% on the portion above USD 6,000. Each rate applies only to its own bracket, not to the entire value. For qualifying imports through shipments, the applicable tariff can be 30% under the Resolution. Separately from these duty percentages, Resolución 197/2026 also establishes maximum technical customs-service fees in USD, ranging from USD 2 for values up to USD 200 to USD 50 for values above USD 6,000; these are separate customs service charges, not part of the customs-duty percentage. The Resolution provides for payment of the customs tax and customs services using national or international cards in USD, while cash payment is only permitted at airports through entities authorized for that purpose. (3) Resolución 340/2026 (Aduana General de la República) updates the rules for non-commercial imports by natural persons, including passenger baggage, shipments, household and personal imports, reference values, customs assessment, and the treatment of merchandise that exceeds normal limits or is determined to have commercial characteristics. Such merchandise can now be formalized through the commercial-import option instead of simply falling outside the permitted regime. Effective dates: Resolución 197/2026 and Resolución 340/2026 each enter into force seven days after their publication in the Gaceta Oficial; since Gaceta Oficial No. 83 was published on 5 October 2026, these provisions take effect on 12 October 2026. The effective date of Decreto-Ley 132/2026 depends on its own final provision and is not inferred here from the two resolutions.
Who it affects
Foreign residents in Cuba · Cubans living abroad · Property owners importing equipment or furnishings · Renovation projects · Hospitality businesses · Private entrepreneurs · Investors supplying projects in Cuba
What it means in practice
Why this matters: goods such as appliances, furniture, tools, renovation equipment, computers, business equipment and hospitality equipment that exceed personal import limits may now have a clearer legal route into Cuba. Not all such goods automatically qualify: customs classification, prohibited and restricted goods, sector rules and other legal requirements still apply. These customs rules do not change Cuban property law and do not create any new right for foreigners to purchase residential property.
CPS note
Does this mean MiPyMEs can import anything freely? No. This customs mechanism for natural persons is separate from the legal framework governing import and export operations by Cuban economic actors such as MiPyMEs. Cuba is also implementing broader reforms affecting private businesses, including import/export, but each activity remains subject to its own regulatory framework. A purchase permitted under Cuban law is also not automatically permitted under U.S. sanctions regulations. Official source: Gaceta Oficial de la República de Cuba, No. 83 Ordinaria, 5 October 2026.

Last verified: 6 October 2026

30 September 2026US measures & compliance / Banking & foreign currency / Private companies

New U.S. Financial Restrictions Affect Cuba’s Private Sector

Status: ACTIVE / CHANGING ENVIRONMENT
What changed
The United States has withdrawn or restricted certain banking permissions that were previously available to eligible Cuban independent private-sector entrepreneurs. The changes also affect U-turn transactions and U.S. dollar clearing through the U.S. financial system, and expand restrictions on direct and indirect financial transactions involving entities on the Cuba Restricted List. Cuban MiPyMEs and private entrepreneurs have not generally been prohibited from conducting international business.
Who it affects
Cuban MiPyMEs and private entrepreneurs · Foreign businesses trading with Cuban private companies · Foreign investors · Importers and exporters · Banks and payment providers handling Cuba-related transactions
What it means in practice
Import and export with countries such as China, Mexico, European countries and other non-U.S. markets remains possible, subject to applicable Cuban law, banking arrangements, sanctions and compliance. The practical difficulty lies primarily in payments, correspondent banking, compliance and the willingness of foreign banks to process Cuba-related transactions. This is not a total blockade of Cuba’s private sector.
CPS note
Foreign investors and businesses working with Cuban private companies need stronger due diligence regarding banks, payment routes, business partners and potentially restricted Cuban entities. Professional legal and compliance review is recommended.

Last verified: 5 October 2026

2 October 2026Foreign investment / Import & export

Cuba Publishes New Rules for Foreign Commercial Representations (Gaceta Oficial No. 82)

Status: IMPLEMENTATION DEVELOPING
What changed
Gaceta Oficial No. 82 Ordinaria (2 October 2026) contains five measures: (1) Decreto-Ley 137/2026 (Consejo de Estado) regulates the hiring of workers for administrative, technical and service positions by foreign representations in Cuba; eligible foreign commercial representations can now hire workers directly instead of being required in all cases to use an authorized state employment entity. (2) Decreto 183/2026 (Consejo de Ministros) modifies Decreto 32/2021, the regulation governing the establishment of foreign commercial representations. (3) Resolución 151/2026 (MINCEX) regulates the importation of non-commercial goods by foreign commercial representations established in Cuba. (4) Resolución 152/2026 (MINCEX) modifies Article 14 of Resolución 74/2021 on the regulatory framework for foreign commercial representations. (5) Resolución 62/2026 (Ministerio de Trabajo y Seguridad Social) establishes the labour regime for people hired to provide services to foreign representations, regulating both direct hiring and hiring through authorized employment entities.
Who it affects
International companies with or considering a foreign commercial representation in Cuba · Foreign investors · Cuban workers employed by foreign representations · Advisers to foreign companies
What it means in practice
These measures primarily concern foreign commercial representations and their operation in Cuba; they do not give Cuban MiPyMEs new import/export rights. The broader 2026 reforms on MiPyMEs and direct foreign trade are a related but separate legal development. A foreign commercial representation is not a Cuban MiPyME and is not automatically authorized to conduct unrestricted retail or wholesale business in Cuba. These rules do not create a general right for foreigners to buy Cuban residential property, do not automatically provide Cuban residency, and direct hiring does not automatically mean salaries can freely be paid in foreign currency. The measures modernize the overall framework for foreign commercial representations, but they do not turn a representative office into a Cuban trading company and do not eliminate licensing or registration requirements.
CPS note
These measures are relevant for international companies considering a more permanent commercial presence in Cuba, because they reduce some administrative barriers, particularly around staffing and the operation of foreign commercial representations. For property and investment clients, the correct legal structure still matters: property ownership, a foreign commercial representation, formal foreign investment and participation through or with a Cuban MiPyME remain legally distinct routes. Official source: Gaceta Oficial de la República de Cuba, No. 82 Ordinaria, 2 October 2026.

Last verified: 6 October 2026

Early October 2026Import & export / US measures & compliance / Banking & foreign currency

What the New U.S. Measures Mean for Import, Export and Investment in Cuba

Status: ACTIVE / CHANGING ENVIRONMENT
What changed
In practice, a Cuban private company can still purchase permitted products from suppliers in China, Europe, Mexico or other markets, import them into Cuba and sell them commercially in Cuba, provided Cuban licensing, customs, tax and commercial requirements are satisfied. At the same time, Cuba is expanding opportunities for eligible private companies to participate more directly in import and export activities.
Who it affects
Cuban private importers and exporters · Foreign suppliers · Foreign investors · Entrepreneurs planning commercial activities in Cuba
What it means in practice
The principal additional challenge created by the U.S. measures is financial: USD payments touching the U.S. banking system may become difficult or impossible depending on the transaction; foreign banks may apply stricter Cuba compliance policies; transactions involving restricted Cuban entities require particular attention; and financing and international payment arrangements may become more difficult or expensive.
CPS note
For investors, the key question is increasingly not simply “Can this business import?” but also “How will it legally pay suppliers, receive money, clear customs and operate without using restricted counterparties?” A transaction permitted under Cuban law is not automatically permitted under U.S. sanctions regulations, and a Cuban private company authorized to conduct an activity in Cuba does not automatically make every international bank, payment provider, supplier or U.S.-linked party able to participate.

Last verified: 6 October 2026

26 September 2026Foreign investment

Cuba Implements Major 2026 Foreign-Investment Reforms

Status: IN FORCE — IMPLEMENTATION DEVELOPING
What changed
Cuba has continued implementing reforms intended to facilitate foreign investment and increase flexibility for approved investment projects. The September 2026 reforms include measures affecting investment procedures, employment arrangements, banking, tourism activities and commercial projects. Relevant developments include: simplified procedures in certain foreign-investment processes; increased flexibility for approved investment structures; changes affecting employment arrangements; greater flexibility concerning certain foreign banking arrangements; new opportunities connected to tourism services; private travel-agency activity within the new regulatory framework; independent tour-guide activity within the applicable licensing framework; and broader investment opportunities in tourism, commercial activity and selected real-estate structures.
Who it affects
Foreign investors, Cuban companies, MIPYMEs, project developers and international business partners.
What it means in practice
Not all foreign investment is automatically permitted. Buying residential property is a separate question: the new Housing Law 187/2026 expressly refers to purchases by foreign natural and legal persons (Articles 43.2 and 89), but it does not create a general right for every foreigner to buy any home, and the practical channels have yet to be confirmed. All investment remains subject to the applicable Cuban authorization, licensing, corporate and sector-specific framework.
CPS note
Not all announced reforms are automatically operational. A distinction must be made between existing regulations, changes already published and further reforms that still have to be introduced.

Last verified: 14 October 2026

26 September 2026Migration & residency / Private companies

New Investor and Business Migration Status for Cubans Living Abroad

Status: PUBLISHED — IMPLEMENTATION DEVELOPING
What changed
The 2026 legal reforms create a specific investor and business migration framework relevant to Cubans who reside abroad and participate in economic activities or investment in Cuba.
Who it affects
Cubans living abroad · Diaspora investors · Participants in Cuban private companies
What it means in practice
This may provide a clearer legal framework for members of the Cuban diaspora who want to participate in Cuban companies, invest in businesses, maintain economic activities in Cuba, participate in private-sector projects, or structure a longer-term business presence in the country.
CPS note
Eligibility and implementation should be verified case by case.

Last verified: 26 September 2026

26 September 2026Private companies

Cuba Expands the Framework for Private Enterprise

Status: IMPLEMENTATION DEVELOPING
What changed
The regulatory environment for Cuban private companies continues to evolve. The 2026 reforms broaden the potential scale and scope of private enterprises and increase their relevance for larger commercial projects.
Who it affects
Hospitality · Tourism · Distribution · Professional services · Technology · Property-related services · Partnerships · Investment structures involving eligible Cuban residents or Cubans living abroad
What it means in practice
The reforms are aimed at adjusting existing rules and further developing the private economic sector.
CPS note
The legal ability to establish or participate in a company does not automatically authorize every commercial activity. Activity-specific licenses and approvals may still be required.

Last verified: 26 September 2026

26 September 2026Property & housing / Banking & foreign currency

Currency and Payment Risk Becomes Increasingly Important in Cuban Property Transactions

Status: ONGOING
What changed
Currency volatility and changes in Cuba’s banking environment are increasingly important considerations for property and investment transactions. Cuba has introduced higher-denomination CUP banknotes, while significant differences continue to exist between different currency markets and payment channels.
Who it affects
Property buyers · Property sellers · Investors
What it means in practice
Before signing or transferring funds, buyers and sellers should clearly establish the agreed sale price, the currency in which the price is expressed, the legally permitted payment mechanism, banking requirements, documentary evidence of payment, timing of payments, and the relationship between payment and the notarial/property-transfer process. Under Article 90.1 of Housing Law 187/2026, the price of a home sale must be paid through the instruments or credit titles provided for in banking legislation or another non-cash method; cash payment is not permitted. For tax purposes the sale price is the base only if it is equal to or higher than the cadastral value.
CPS note
Currency movements can materially affect the economic value of a transaction between initial negotiation and completion. Cuba Property Solutions recommends documenting the financial structure of a transaction clearly before money changes hands.

Last verified: 14 October 2026

26 September 2026Foreign investment / US measures & compliance

US Sanctions Environment Around Cuba Continues to Tighten

Status: ONGOING
What changed
The United States introduced additional Cuba-related sanctions during September 2026. On 17 September, additional Cuban entities and individuals were targeted, including entities connected with the nickel sector and military-linked enterprises. Earlier September measures also affected additional Cuban financial, energy, mining and state-linked entities. Update 14 October 2026: on 7 October, U.S. Homeland Security Investigations announced the seizure or detention of 90 biodiesel shipments (about 615,000 gallons, valued at over USD 2.8 million) at Port Everglades and the Port of Houston, which U.S. authorities say were destined for ENETEC S.A., a sanctioned Cuban state entity. According to Reuters (12 October), Cuba’s Minister of Energy and Mines, Vicente de la O Levy, denied that ENETEC had any contract for these shipments and estimated that fuel reaching Cuba’s private sector through U.S. channels covers less than 3% of the country’s fuel needs. The seizures are a confirmed U.S. enforcement action; the alleged link to ENETEC is disputed by the Cuban government and has not been independently established.
Who it affects
International investors · Businesses · Banks · Suppliers · Import/export
What it means in practice
For international investors and businesses, sanctions compliance remains relevant when evaluating counterparties, banks, payment routes, suppliers, corporate ownership, import/export transactions, and projects involving US persons or US financial infrastructure. Fuel scarcity continues to affect electricity supply, transport, construction schedules and hospitality operations. Projects relying on imported fuel should verify the supplier, the final recipient and the payment route, and plan for backup energy.
CPS note
US sanctions and Cuban investment law are separate legal systems. A transaction that is permitted under Cuban law is not automatically permitted under US sanctions rules. International clients should therefore evaluate both where applicable.

Last verified: 14 October 2026

18 September 2026Private companies / Property & housing

Energy and infrastructure resilience increasingly important for Cuban investment projects

Status: ONGOING
What changed
Continuing instability in Cuba's electricity system and related pressure on water, refrigeration, communications and transport are increasingly important factors when evaluating property and business investments.
Who it affects
Property buyers · Hotels and accommodation · Restaurants · Retail · Businesses · Investors · Project developers
What it means in practice
Business and property projects should increasingly evaluate independent or backup infrastructure as part of the initial investment. Relevant due-diligence considerations include electricity reliability, solar installations, battery backup, generators where applicable, water storage, water pumping, building water systems, internet connectivity, refrigeration and cooling requirements, and operating resilience for rental and hospitality properties.
CPS note
Infrastructure resilience should increasingly be considered during technical due diligence, particularly for hospitality businesses, rental properties and commercial projects.

Last verified: 26 September 2026

10 September 2026Private companies / Foreign investment

New foreign-currency banking rules for Cuban businesses

Status: IN FORCE — IMPLEMENTATION DEVELOPING
What changed
New Cuban banking measures expand the possibilities for businesses and other authorized economic actors to operate accounts in foreign currency and make permitted international payments. The new framework is particularly relevant to private businesses involved in imports, international suppliers and foreign investment projects.
Who it affects
Private businesses · Importers · Foreign investors · International suppliers · Distribution companies
What it means in practice
Access to foreign currency and international payments is one of the most important practical requirements for Cuban businesses that need to purchase equipment, inventory, technology or services abroad. The new rules improve the legal framework for foreign-currency business accounts, permitted foreign-currency deposits, payments to foreign suppliers, import-related transactions and international business operations.
CPS note
For investment and business projects, banking structure and access to international payments should now be evaluated as part of the project setup from the beginning. International banking is not unrestricted: international payments remain subject to Cuban banking procedures, correspondent banking availability, international compliance requirements and applicable sanctions.

Last verified: 18 September 2026

September 2026Property & housing / Private companies

New agricultural land and commercialization framework published

Status: PUBLISHED — IMPLEMENTATION DEVELOPING
What changed
Cuba has published a new agricultural and forestry land framework together with additional regulations affecting agricultural production, land use and commercialization. The new framework introduces changes affecting the use of agricultural land and expands certain possibilities for producers and private economic actors to commercialize agricultural products.
Who it affects
Agricultural projects · Investors · Food businesses · Restaurants · Distribution companies · Property and land projects
What it means in practice
The changes may create additional opportunities involving agricultural production, food distribution, restaurants and hospitality, retail, logistics, agricultural investment projects and commercial use of agricultural production.
CPS note
Agricultural land-use rights are not automatic private ownership.

Last verified: 18 September 2026

September 2026Property & housing / Foreign investment

New rules clarify construction on land held in usufruct

Status: PUBLISHED
What changed
New regulations establish procedures for authorized construction on certain state-owned land held under usufruct arrangements. This follows broader 2026 reforms expanding the possible duration and economic use of certain usufruct arrangements.
Who it affects
Property development · Investors · Hospitality · Agriculture · Commercial projects
What it means in practice
Longer and clearer land-use arrangements can make certain hospitality, agriculture, commercial development, tourism, infrastructure and long-term investment projects more viable.
CPS note
Usufruct is not ownership and must never be described as purchasing Cuban property. It is a legal right to use an asset or land under defined conditions and for a defined period.

Last verified: 18 September 2026

September 2026Private companies / Foreign investment

New commercial framework supports development of retail and restaurant networks

Status: IN FORCE — IMPLEMENTATION DEVELOPING
What changed
Cuba's new commercial framework provides greater scope for the organization and development of retail, restaurant and gastronomic networks involving different economic actors. The framework also creates additional possibilities for cooperation between state enterprises, private businesses and approved foreign-investment structures.
Who it affects
Restaurant operators · International franchises · Retail · Foreign investors · Commercial property · Distribution companies
What it means in practice
This may create new opportunities for restaurant chains, international franchises, retail networks, food distribution, commercial property, hospitality, international brands and public-private operating structures.
CPS note
Projects involving existing commercial locations, international brands, private operators and Cuban state entities may now deserve renewed feasibility analysis under the new regulatory framework. State-owned properties or businesses are not automatically available for sale, lease, concession or private operation. Every project requires an individual agreement and legal assessment.

Last verified: 18 September 2026

September 2026Private companies / Foreign investment

Implementation of Cuba's 2026 private business reforms continues

Status: IN FORCE — IMPLEMENTATION DEVELOPING
What changed
Cuba continues implementing the broad economic reform package introduced during 2026. The reforms expand the operating framework for private companies and create additional possibilities involving foreign investment, Cubans living abroad, international trade and larger private enterprises. Key developments include larger private enterprises, participation by Cubans residing abroad, participation by qualifying foreign permanent residents, expanded foreign-investment structures, changes affecting import and export, private tourism activities and new commercial structures.
Who it affects
Entrepreneurs · Cuban diaspora · Foreign permanent residents · Foreign investors · International companies · Business setup
What it means in practice
The reforms create business and investment structures that were previously unavailable or substantially more restricted.
CPS note
Not every foreign national can automatically own shares in a Cuban private company. Foreign permanent residents and other foreign-investment structures must remain legally distinguished.

Last verified: 18 September 2026

September 2026Private companies

Cuba expands private enterprise framework

Status: IN FORCE — IMPLEMENTATION DEVELOPING
What changed
Cuba is implementing a broad package of economic reforms affecting private companies, investment and business activity. The new framework includes greater possibilities for private enterprises to grow beyond the previous 100-worker limit.
Who it affects
Entrepreneurs · Investors · Commercial property · Business expansion
What it means in practice
Private businesses can potentially develop into significantly larger operating companies, creating new opportunities for investment, employment, commercial property and national expansion.

Last verified: 15 September 2026

September 2026Private companies

Cubans living abroad can participate in Cuban private companies

Status: IN FORCE
What changed
New regulations allow Cuban nationals residing outside Cuba to become shareholders/partners in Cuban private companies, subject to the applicable legal and registration requirements.
Who it affects
Cuban diaspora · Investors · Family businesses · Business setup
What it means in practice
This creates new possibilities for diaspora investment, family businesses, capital participation and business structures connecting Cuba with Cubans living abroad.

Last verified: 15 September 2026

September 2026Private companies

New opportunities for foreign permanent residents

Status: IN FORCE
What changed
Foreign nationals with permanent residence in Cuba can participate as partners/shareholders in Cuban private companies under the new framework.
Who it affects
Foreign residents · Investors · Business setup · Residency
What it means in practice
Permanent residence can now have greater economic importance for foreigners who intend to live, invest and operate businesses in Cuba.
CPS note
This applies to foreign nationals holding permanent residence in Cuba. It does not mean that foreign nationals in general can automatically become shareholders in a Cuban private company.

Last verified: 15 September 2026

September 2026Foreign investment

Cuba simplifies parts of the foreign investment framework

Status: IN FORCE — IMPLEMENTATION DEVELOPING
What changed
Recent reforms simplify several aspects of foreign investment, including employment arrangements, banking procedures and business operations.
Who it affects
Foreign investors · International companies · Joint ventures · Market entry
What it means in practice
Foreign investors may have more flexibility when structuring and operating approved investment projects in Cuba.

Last verified: 15 September 2026

September 2026Tourism & hospitality

Private travel agencies and new tourism opportunities

Status: PUBLISHED — IMPLEMENTATION DEVELOPING
What changed
Cuba has opened additional tourism activities to private enterprise, including private travel agencies and independent tourism services.
Who it affects
Tourism · Hospitality · Property owners · Entrepreneurs · Foreign partners
What it means in practice
This creates new opportunities for accommodation providers, tour operators, transportation providers, restaurants and international travel partners.

Last verified: 15 September 2026

September 2026Banking & foreign currency

New foreign-currency banking rules for private businesses

Status: PUBLISHED — IMPLEMENTATION DEVELOPING
What changed
New banking measures are expanding possibilities for Cuban private businesses to operate foreign-currency accounts and make permitted international payments.
Who it affects
Businesses · Importers · Investors · International suppliers
What it means in practice
Access to foreign currency and international payments is critical for importing equipment, supplies and services and for working with foreign partners.
CPS note
This does not mean unrestricted international banking. Actual banking access and international transfers remain subject to Cuban banking procedures, correspondent banking availability and international sanctions and compliance requirements.

Last verified: 15 September 2026

September 2026Import & export

Direct foreign trade opportunities continue to expand

Status: IMPLEMENTATION DEVELOPING
What changed
The reform process continues to increase opportunities for Cuban private businesses to participate in import and export activities and work directly with international suppliers.
Who it affects
Import/export · Distribution · Retail · Hospitality · Manufacturing · Foreign suppliers
What it means in practice
This can reduce dependence on traditional state-controlled supply structures and create opportunities in distribution, logistics and international trade.

Last verified: 15 September 2026

Foreign investment

Wider economic participation of Cubans living abroad

Status: APPROVED — IMPLEMENTATION PENDING
What changed
In 2026 measures were announced and approved intended to further widen the economic participation of Cubans living outside Cuba.
Who it affects
Cubans abroad, Cuban private companies, entrepreneurs and potential investors.
What it means in practice
The measures may create new possibilities for participation in private companies and investment structures in Cuba.
CPS note
The precise legal structure and applicable conditions must be assessed per investment and on the basis of the implementing rules in force.

Last verified: 14 September 2026

How we verify information

Cuba Property Solutions verifies important legal and economic updates before they are published. In doing so we give priority to official legislation, the Gaceta Oficial and information from competent Cuban institutions. We deliberately distinguish between rules already in force, approved changes that still have to be implemented, and reforms that have only been announced.

Last updated: 6 October 2026

Cuba Property Solutions provides advisory, coordination and project-management support. Information on this website is general in nature and may change as new legislation, regulations and administrative criteria are introduced. Official legal, notarial, registry, migration, tax and licensing procedures are carried out by the competent Cuban authorities and authorized professionals.