A man pushes a tricycle past a jeep sporting a wheel cover with an image based on the US flag, in Havana, Cuba, on Jan. 23, 2026. Yamil Lage/AFP/Getty Images
Cubans living abroad, including in the United States, will soon be allowed to invest in and own businesses in Cuba’s private sector, a senior Cuban government official said, as Havana seeks new sources of capital amid a deepening economic crisis and fragile talks with Washington.
Óscar Pérez-Oliva Fraga, Cuba’s deputy prime minister and minister of foreign trade and investment, told NBC News in an exclusive interview published on March 16 that Cuban nationals residing overseas—including those in Miami—will be permitted to participate directly in the island’s emerging private economy.
