Administrator Biden will also allow U.S. investments in a Cuban-owned company.
The White House on Monday night announced a historic shift in its policy toward Cuba, saying that for the first time in six decades, it would approve an American company investing in a Cuban-based private company owned by Cubans.
The deal is pending approval by the Cuban government, but could open the door to additional US dollars for contractors in the island nation.
Additionally, the Biden administration has said it will allow flights to Cuba beyond Havana, reinstate the Cuban Family Reunification parole program, which allows Cubans to temporarily join family members in the United States. States with the option to obtain permanent status, and would waive the $1,000 per limit of one quarter of remittances per sender-receiver pair and allow remittances as gifts (non-family).
The administration calls these measures “measures to further support the Cuban people, providing them with additional tools to live a life free from oppression by the Cuban government and to seek greater economic opportunities.”