Cuba has announced that it offers a special migration status for Cubans abroad who wish to invest in the country.

The Cuban government announced on Friday that Cuban citizens living abroad will benefit from a special migratory status to be able to invest in Cuba. This decision comes a month after Havana opened investments to the diaspora, especially the emigrant community from the United States. In mid-March, Cuban authorities declared that Cuban citizens abroad and their children can invest in various sectors, including agriculture and the banking sector.

A new decree approved by the Council of State establishes a migration status 'for investments and business' for these citizens, who must apply for this status and actively participate in the Cuban economic model. These measures are taken in the context of a severe economic crisis, exacerbated by the American embargo of 1962 and the oil blockade imposed by the United States, which severely affects the economy of the island with 9.6 million inhabitants.