In a new attempt to sustain a collapsed economy, the Cuban dictatorship of Díaz-Canel enacted a law that allows citizens living abroad to invest in the island, a measure that demonstrates both the seriousness of the crisis and the structural limitations of the socialist model.
Decree-Law 117, now in force, empowers Cuban emigrants to obtain “investor and business immigration status”, granting similar rights to residents within the country. The initiative is especially aimed at capturing resources from the Cuban-American community, historically key to sending remittances and their economic weight outside the
island.However, far from representing genuine openness, the measure seems to respond to an urgent need of the regime to obtain funding in the face of the lack of access to international organizations and the general deterioration of the economy. Cuba is going through a structural crisis marked by scarcity, blackouts and a sustained drop in its productive capacity, which has forced the government to partially relax its rigid system
