The Obama Administration’s move to normalize relations with Cuba continues to spur commercial interest in the island. Despite the U.S. economic embargo on Cuba, regulatory changes announced by the U.S. Department of the Treasury and the U.S. Commerce Department have created new opportunities for U.S. businesses.
In the last several weeks, U.S. companies including Google, Carnival Cruise Line, Western Union, Paypal, Stripe, and Starwood have announced plans to capitalize on opportunities on the island. This momentum adds to the existing list of U.S. companies including AirBNB, Sprint, and Florida’s Stonegate Bank who have already entered the Cuban market.