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<oembed><version>1.0</version><provider_name>Customs &amp; International Trade Law Firm</provider_name><provider_url>https://diaztradelaw.com</provider_url><author_name>Jennifer Diaz</author_name><author_url>https://diaztradelaw.com/author/jen/</author_url><title>Cuba Policy Shift: Administration Eases Restrictions on Small Businesses - Customs &amp; International Trade Law Firm</title><type>rich</type><width>600</width><height>338</height><html>&lt;blockquote class="wp-embedded-content" data-secret="hRzMCB4PQr"&gt;&lt;a href="https://diaztradelaw.com/cuba-policy-shift-administration-eases-restrictions-on-small-businesses/"&gt;Cuba Policy Shift: Administration Eases Restrictions on Small Businesses&lt;/a&gt;&lt;/blockquote&gt;&lt;iframe sandbox="allow-scripts" security="restricted" src="https://diaztradelaw.com/cuba-policy-shift-administration-eases-restrictions-on-small-businesses/embed/#?secret=hRzMCB4PQr" width="600" height="338" title="&#x201C;Cuba Policy Shift: Administration Eases Restrictions on Small Businesses&#x201D; &#x2014; Customs &amp; International Trade Law Firm" data-secret="hRzMCB4PQr" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"&gt;&lt;/iframe&gt;&lt;script type="text/javascript"&gt;
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</html><thumbnail_url>https://diaztradelaw.com/wp-content/uploads/2024/05/Screenshot-2024-05-28-at-5.52.02&#x202F;PM.png</thumbnail_url><thumbnail_width>738</thumbnail_width><thumbnail_height>492</thumbnail_height><description>On May 28, 2024, the Biden administration announced new measures easing restrictions on independent small businesses in Cuba. The announcement follows a recent decision by the State Department to remove Cuba from the list of countries deemed uncooperative on counterterrorism.&#xA0; The Administration criticized the Cuban government in the announcement, saying: &#x201C;We know the Cuban economy is in dire straits amid recurring shortages of fuel, electricity, increasingly even food. It&#x2019;s clear the communist experiment of Cuba has failed, the government is no longer able to provide for its citizens&#x2019; most basic needs.&#x201D;&#xA0; The new measures implemented by the Department of Treasury&#x2019;s Office of Foreign Assets Control (OFAC) include four main parts: 1. Authorized Internet-Based Services and Software. Cuban small businesses will now be able to access additional internet-based services such as video conferencing, social media, maps, e-learning, automated translation, and other online services.&#xA0; U.S.-based entities will be allowed to provide cloud-based services to these small businesses. OFAC is also authorizing the export or reexport of Cuban-origin software and mobile applications from the United States to third countries. 2. Re-defining &#x201C;Self-Employment.&#x201D; OFAC is scrapping the term &#x201C;self-employed individual&#x201D; and replacing it with a new term: &#x201C;independent private sector entrepreneur.&#x201D; The new term will still cover traditional self-employed individuals such as business owners, but it will also cover private cooperatives or small businesses that are wholly owned by such individuals.&#xA0; The new term also excludes prohibited Cuban officials and prohibited Cuban Communist Party members to ensure they do not take advantage of this [&hellip;]</description></oembed>
