A chain of 14 tropical islands, the U.S. Commonwealth of
the Northern Marianas Islands (CNMI) is the newest
member of the American political family and the closest
American flag associated area to Asia. The Commonwealth
government encourages a free competitive marketplace in
which businesses operate with a minimum of restraints.
Living in the Marianas, one experiences a year-round summer
climate with all of the sophisticated amenities of a tourist
resort area, yet with a "small town" atmosphere, traditional
family values, and friendly neighbors. To do business here
means working in a multi-cultural community of local and
international businesses.
With the beautiful, unspoiled environment as the key
attraction, tourism has been the primary force that has
developed the Northern Marianas. However, a wide range
of other business opportunities exist in these islands. A few
of the significant investment incentives and advantages for
businesses includes:
- The protection of American judicial system and U.S. laws
including those that relate to copyright, trademark, patent
regulations and the protection of intellectual property;
- Trading in U.S. dollar currency, with no restrictions on
repatriation of profits or capital;
- Significant tax advantages for executives and all employees on
Northern Marianas sourced income;
- Ports that are free of United States Customs duties,
- Local control over immigration and minimum wage;
- Duty free status for certain eligible goods to be exported to the
United States;
- Favorable tariff treatment for qualified exports to other
countries;
- Reliable, scheduled ocean shipping and exemption from the
Federal "Jones Act," which allows foreign flag vessels to enter
CNMI ports;
- Exemption from U.S. vessel documentation laws for companies
licensed in the Northern Marianas;
- State-of-the-art telecommunications linked by undersea fiber
optic cable to worldwide facilities.