CNMI Investing Information

US Visa requirements for a US territory
Long Term Investor Visa
Retirement Visa
Tourist Visa
Saipan, Tinian and Rota are a US low tax jurisdiction

CNMI Economic Information

Land ownership in the CNMI and Article 12
Labor Laws
Setting up a Business or Corporation
Currency

Saipan, Tinian, and Rota are the lowest tax jurisdiction in the United States

Due to the unique relationship the Northern Marianas Islands has with the United States, they were able to put in place a tax system that does mirror the US tax code, but allowed for a loophole, which gave rise to the Rebate. This is the key to make is the lowest tax jurisdiction in the United States.  Here you pay normal US taxes, but up to 90% is given back to you as a rebate on CNMI sourced income, making this place the lowest tax jurisdiction on the US soil.

The island also has its own taxation department where taxes are paid to the local government directly.  You don’t have to deal with the dreaded Internal Revenue Service.  Here, you can talk to people who will assist you throughout the process.

Northern Marianas Territorial Income Tax (NMTIT) Rebate
Amounts for Corporate and Non-Corporate Taxpayers

Rebate Base = US Tax Amount……………….Rebate Amount = How much you save in the CNMI
< $20,000………………………………………….90% of rebate the base
$20,001 - $100,000……………………………$18,000 plus 70% of the rebate base over $20,000
> $100,000………………………………………..$74,000 plus 50% of the rebate base over $100,000
Source: Division of Revenue & Taxation

 

General Economic Information

Number of Islands …………………………………………14
Number of Inhabited Islands ………………………….6
CNMI Land Area …………………………………………….176.5 sq. miles
CNMI Water Area …………………………………………..264,000 sq. miles
Average Temperature ……………………………………85°F
Average Monthly Rainfall ………………………………5.4 inches
Estimated Population (2005) ………………………………………….65,927
Main Languages Spoken…………………………………English, Chamorro, Carolinian, Chinese, Filipino, Korean, Japanese, and other Pacific Island languages
Currency………………………………………………………U.S. Dollar
Gross Island Product (GIP) …………………………….$948,000,000.00
Per Capita GIP ………………………………………………$12,638
Average Household Income ………………………………………..$25,172
Primary Industries ………………………………………..Tourism and Garment Mfg.
Total Labor Force …………………………………………44,471
U.S. Citizens in Labor Force …………………………..8,621
Non U.S. Citizens in Labor Force ……………………34,132
Employed Labor Force …………………………………..42,753
Sources: CNMI Department of Commerce; Census 2000, 2002 CNMI Statistical Yearbook, 2002 GIP Estimate.