Cuba enacted new regulations allowing foreign companies to hire employees without state intervention and providing administrative facilitation for import and export activities. ^[1] The regulations were approved by the National Assembly of the People's Power and the Communist Party in June to regulate economic and social transformations related to foreign investment, foreign trade, and tourism. ^[2] Cuba officially announced new regulations on Thursday intended to attract foreign investment, trade, and tourism to the Caribbean island. ^[3] Cuba is currently facing a severe economic crisis characterized by long power outages and shortages of basic products, which has been aggravated by renewed US sanctions including an oil blockade since January. ^[4] Oscar Pérez-Oliva Fraga, Vice-Prime Minister and head of Foreign Investment, stated during a press conference that the measures regulate transformations related to foreign investment, foreign trade, and tourism. ^[5] Cuba is implementing market economic reforms under pressure from the United States while facing a severe economic crisis. ^[6] Oscar Pérez-Oliva Fraga, the Minister for Foreign Trade, acknowledged that the country is in a challenging time and that it is difficult to attract foreign investment. ^[7] The National Register of Cuba published 34 pages of new rules and legal changes to make the nation's labor force and real estate more accessible to foreign and national investors. ^[8]