Havana is preparing to announce economic reforms that would permit Cubans living overseas—particularly in Miami and other diaspora communities—to legally own and invest in private enterprises (known as mipymes) on the island.

The change, expected as early as next week, would formalize longstanding informal practices where family members abroad already fund many small businesses through remittances and other means.

The Cuban government views this as a step to boost economic participation from its diaspora and support the island's private sector amid ongoing challenges.

(Source: Miami Herald)