Business Advantages

There are many advantages for doing business in and with the CNMI.  Key advantages include:

  • The protection of the U.S. judicial system, laws and regulations including those that relate to copyright, trademark, patent and intellectual property;
     
  • The U.S. dollar is the official currency with no restrictions on repatriation of profits or capital;
     
  • Significant tax advantages for executives and employees on CNMI-sourced income;
     
  • Tax rebates and/or abatements offered to approved investments under the Qualifying Certificate Program administered by the Commonwealth Development Authority;
     
  • Close proximity to major Asian markets;
     
  • Ports that are free of U.S. Customs duties;
     
  • 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 CNMI;
     
  • State-of-the-art telecommunications linked by undersea fiber optic cable to worldwide facilities.