Cuba Authorizes Direct Hiring, Offshore Bank Accounts and Tourist Opening
10 Articles
10 Articles
Cuba authorizes direct hiring, offshore bank accounts and tourist opening
The reform breaks with the previous scheme that forced foreign corporations to hire staff exclusively through state employing agencies.
On September 3, 2026, the legal norms implementing the economic and social transformations related to foreign investment, foreign trade and tourism were published in the Official Gazette. The post Published in the Official Gazette new legal norms on foreign investment, foreign trade and tourism (+ PDF) first appeared on Cubadebate.
Decree-Law 128 amends the Law on Foreign Investment in Cuba and allows the direct hiring of workers, the opening of accounts in foreign banks and greater autonomy in the destination of profits.
The measures were officialized this Thursday, with the publication in the Official Gazette, in the midst of the growing pressure from the United States to the island's leadership.
The Official Gazette of the Republic of Cuba recently published a set of new legal norms that correspond to the transformations in foreign investment and foreign trade. These provisions seek to respond to the interests of investors, offering greater flexibility and stability in the conduct of business within the country. The regulations [...] Entry New legal norms for foreign investment and foreign trade in Cuba was first published in Tele Pinar.
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