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Federal regulations · Through 2026-08-25 · Newer source version available

31 CFR 515.340: Independent private sector entrepreneur.

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Where this section sits in the code
  1. Title 31—Money and Finance: Treasury
  2. Subtitle B—Regulations Relating to Money and Finance
  3. CHAPTER V—OFFICE OF FOREIGN ASSETS CONTROL, DEPARTMENT OF THE TREASURY
  4. PART 515—CUBAN ASSETS CONTROL REGULATIONS
  5. Subpart C—General Definitions

The term independent private sector entrepreneur means a Cuban national who is not a prohibited official of the Government of Cuba, as defined in § 515.337, or a prohibited member of the Cuban Communist Party, as defined in § 515.338, and is one or more of the following:

(a) An owner, including a self-employed individual (cuentapropista), or employee of a small private business entity, private cooperative, or a sole proprietorship located in Cuba, in each case of up to 100 employees;

(b) An independent contractor or consultant;

(c) A small farmer who owns his or her own land;

(d) A small usufruct farmer who cultivates state-owned land to sell products on the open market; or

(e) A private cooperative or small private business entity located in Cuba of up to 100 employees that is owned only by individuals described in paragraphs (a) through (d) of this section.

Collected 2026-08-27T02:25:25Z. Source file · JSON

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