Description: It’s finally legal for Cuban entrepreneurs to incorporate and bank in the U.S. With its Atlas service, Stripe is seizing the opportunity.
Source: Fast Company
On Tuesday of this week, the Obama administration—ahead of the president’s visit to Havana next week—announced a loosening of decades-old restrictions that permits U.S. banks to open accounts on behalf of Cuban nationals.
Payment-processing company Stripe is extending its new Atlas service, which helps foreign startups incorporate a Delaware company, set up a banking presence, and get tax and legal guidance in the U.S., to the suddenly available Cuban market.
Questions for discussion:
1. What other tech-based companies/services have potential to succeed greatly in the newly available Cuban market?
2. What kinds of Delaware companies could be created by Cubans, and which of them do you believe would be the most successful in a North American market?