The warming of relations came after US President Barack Obama announced in December 2014 that his administration would pursue a path toward normalizing relations with Cuba.
“Persons subject to US jurisdiction engaging in the following categories of authorized activities will be allowed to establish and maintain a physical presence, such as an office, retail outlet, or granary, in Cuba,” the release said.
“Banking institutions will be able to open and maintain accounts for Cuban individuals for use while the Cuban national is located outside of Cuba, and to close such accounts.”
Washington has also authorized travel between the United States and Cuba by ship without stops in third countries valid for authorized travelers.
“Transportation by vessel of authorized travelers – between the United States and Cuba only and without stops in third countries – will be authorized by general license. Certain related lodging services aboard vessels used for such travel will also be authorized,” the agencies statement read.
The United States has authorized launching joint project with Cuban entities to provide certain telecommunications and internet services in the country as part of embargo ease.
The new revision of the economic embargo regulations is set to come into effect on September 21.