Author: st_admin

by st_admin st_admin No Comments

House passes tax incentive bill

THE House of Representatives on Friday unanimously passed House Bill 23-103, which would exempt export services and the sale or exchange of securities and similar assets from the business gross revenue tax or BGRT.

Authored by Rep. Manny Gregory T. Castro, the bill also proposes to allow rebates for exempted activities. It seeks to amend the local tax code to remove “impediments to the attraction and retention” of businesses participating in the global digital economy and financial markets. This could “foster a rapid growth of these industries in the Commonwealth, which could result in a significant increase in tax revenues.”

Read more
by st_admin st_admin No Comments

Tax experts, IT entrepreneur support tax bill

By Emmanuel T. Erediano

TWO tax experts and an information technology business owner expressed support for House Bill 23-103, which would exempt export and security sales from business gross revenue tax.

Introduced by Rep. Manny Gregory T. Castro during a session on Thursday, H.B. 23-103 states that “corporate tax shall not apply to the gross revenue derived from the revenue generated by the export of goods, services, resources, food, fish or agricultural products produced or manufactured in the Commonwealth and exported by the manufacturer or producer regardless of whether or not the manufacturer or producer is deemed the ‘seller’ of such goods, services, resources, fish or agricultural products.”

 

According to the bill, “The current CNMI tax code presents impediments to the attraction and retention of individuals and businesses participating in the global digital economy and global financial markets. However, minor changes to business gross revenue tax (BGRT) exemptions can remove these impediments and foster rapid growth of these industries in the Commonwealth, which could result in a significant increase in tax revenues.”

Read more

by st_admin st_admin No Comments

Bill to amend Office of Foreign Investment Assistance Act

By Emmanuel T. Erediano

SENATE Floor Leader Corina Magofna on Thursday pre-filed Senate Bill 23-60, which would amend the Office of Foreign Investment Assistance Act of 2005.

The law created the Office of Foreign Investment under the Department of Commerce. Its primary responsibility is to assist a foreign investor with a long-term business certificate in obtaining all the permitting and licensing requirements of various government departments and agencies in an expeditious manner.

Magofna’s bill states that with the Covid-19 pandemic “changing the world order and economies, it is necessary to revamp the purpose and mandate of the Foreign Investment Assistance [Act.]”

Read more
by st_admin st_admin No Comments

Senate president eyes internet-based businesses

By Emmanuel T. Erediano

SENATE President Edith Deleon Guerrero on Monday prefiled Senate Resolution 23-15, which aims to attract internet-based businesses to the CNMI by providing them with tax incentives.

Although the Covid-19 pandemic has ended, the CNMI’s economy continues to decline and may not recover until tourism fully resumes or new industries are established in the Commonwealth, the resolution said.

Although local businesses are working diligently to increase tourist numbers and jump-start the economy, “more must be done to diversify the CNMI’s economic activities to generate additional revenues,” the resolution added.

Read more

by st_admin st_admin No Comments

GUAM-CNMI Visa Waiver Program

Even though you might need to get a visa to travel to the US, if you are from one of 12 countries, you can come to Saipan, for business or pleasure, without getting a visa in advance. Just book your flight and come!

As of November 28, 2009, U.S. immigration law applies to the Commonwealth of the Northern Mariana Islands (CNMI) and the Guam-CNMI Visa Waiver Program (G-CNMI VWP) is in effect.  GCVWP applicants may be boarded without a visa, providing all of the following criteria are met:

  • Arrives on a G-CNMI VWP signatory carrier
  • Traveling only to Guam or the CNMI not exceeding 45 days as a visitor for business or pleasure or transit. May not engage in local employment or labor for hire.
  • Holds a round trip ticket that is nonrefundable and nontransferable with a confirmed departure date not exceeding 45 days from the date of admission.
  • Has completed and signed the Form I-736.
  • Is a Citizen of and has a machine readable passport issued by one of the following eligible countries:
    • Australia
    • Brunei
    • Japan
    • Malaysia
    • Nauru
    • New Zealand
    • Papua New Guinea
    • Russia
    • Singapore
    • South Korea
    • United Kingdom
    • Hong Kong*
    • Taiwan**

* Hong Kong – Including citizens of the former colony of Hong Kong who are in possession of the United Kingdom passport that states “British National Overseas” or holders of the Special Administrative Region (SAR) travel document.  Both of these travel documents must be in conjunction with a Hong Kong Identification Card.

** Taiwan – Only applies to residents of Taiwan who: 1). Begin their travel in Taiwan and who travel on direct flights from Taiwan to Guam or the CNMI. 2). Are in possession of a Taiwan National Identity Card and a valid Taiwanese passport with a valid reentry permit issued by the Taiwan Ministry of Foreign Affiairs. [Note: On October 2, 2012, the Department of Homeland Security (DHS) Secretary Napolitano announced the designation of Taiwan into the Visa Waiver Program (VWP). Eligible Taiwan passport holders can travel on the VWP beginning November 1, 2012.]

Persons who are travelling to Guam or the CNMI and utilitizing the Guam-CNMI VWP do not need to get an ESTA.

Travelers who plan to spend more than 45 days in Guam and the CNMI or plan to travel on to another U.S. destination may be able to utilize the regular Visa Waiver Program (VWP) for their trip. Using the regular VWP requires an ESTA and a VWP compliant passport.

Travelers going to any U.S. destination (including Guam and the CNMI) who plan to work or study in the U.S. or have certain medical problems, criminal convictions, prior denial of entry into the U.S., etc. will continue to need visas.

For further information on Guam-CNMI Visa Waiver Program, please see here.

Courtesy of US Department of State

by st_admin st_admin No Comments

Community

Become a member and join us on WhatsApp and Telegram

Why The Saipan Team is the best part of Saipan!

Moving long-term is never easy, especially when it’s moving to a place on the other
side of the planet. That’s why we created the Saipan Team!

We are a group of Saipan locals, a mixture of people who moved to Saipan in the last
few years as well as those born and raised here. Our mission? To get you acquainted and setup with new island home ASAP!

By being a team member, we make sure from the first moment you clear customs
and step outside after getting a big whiff of sunshine and salty ocean air…

We’ll be there to help you get started setting up!

To do this, we’ve created a collection of “Must-have” resources to help get you
house-broken in no time! And by “must-have” resources, we mean everything you can think of!

  • You need a place to stay? We know a realtor
  • You need a car to lease? We know a rental agency
  • You need a scooter to get around? We know a guy
  • Don’t have a washer or dryer setup yet? Here’s a list of nearby laundromats
  • Car break down? We know a tow truck you can call
  • Hungry for Mexican food? We have a list of places that serve tacos on island

But the benefits of being on The Saipan Team don’t stop there!

When you’re on Saipan, you’re Family (Vin Diesel style!)

Which means…

You are “in the know” about parties, meetings, and more!

  • If there’s a BBQ happening this weekend, you’re invited
  • If people are getting together to play volleyball, you’ll know
  • Weekly bonfire by the beach? Yup! We’ll let you know when and where
  • Want to set up a group to go snorkeling? You can do that
  • How about getting people together to do a long weekend in South Korea to chase K-Pop band?? No problem! There’s a way to get a group and go!

Things happen when you’re part of The Saipan Team community!

Become a member and join us on WhatsApp and Telegram

by st_admin st_admin No Comments

Government & Industry

Government

The Northern Mariana Islands have a multiparty presidential representative democratic system. They are a commonwealth of the United States. Federal funds to the commonwealth are administered by the Office of Insular Affairs of the U.S. Department of the Interior.

Replicating the separation of powers elsewhere in the United States, the executive branch is headed by the governor of the Northern Mariana Islands; legislative power is vested in the bicameral Northern Mariana Islands Commonwealth Legislature and the judicial power is vested in the CNMI Supreme Court and the trial courts inferior to it.

Economy

The Commonwealth of the Northern Mariana Islands benefits from its trading relationship with the federal government of the United States and cheap trained labor from Asia. Historically, the CNMI’s economy has relied on tourism, mostly from Japan, and on the garment manufacturing sector. The economy has declined since quotas were lifted in 2005, eventually leading all the garment factories on Saipan to close by February 2009. Tourism also declined after 2005 when Japan Airlines stopped serving the Marianas.

Agricultural production, primarily of tapioca, cattle, coconuts, breadfruit, tomatoes and melons, is relatively unimportant in the economy, representing only 1.7% of CNMI GDP as of 2016. It remains important for the community, and the Marianas with their thousands of cattle and rich soils are important for feeding the region, with Tinian being known as the breadbasket of the Marianas. The cattle herds in the CNMI supply beef not only locally but also to Guam, Palau, and Micronesia. Some of the cattle breeds on Tinian in the 21st century include Senepol, Brangus (Brahman X Angus), Red Angus, and American Brahman, and various modern ranching techniques are utilized.

Non-native islanders are not allowed to own land, but can lease it.

Tourism

Tourism is popular and several hundred thousand people in a typical year will visit the CNMI, and one of highest years was 1997 when over 700 thousand visited the islands] Activities known to popular are jungle hikes, golfing, diving, and historical sites such as prehistoric stones. One of the golf courses was designed by professional champion golfer Greg Norman. A tourism hot spot is Managaha Island, which must be accessed by ferry and has various bbq vendors, water sport activities, and has wide sandy beaches surrounding a tropical forest. Tourists from the U.S. do not need a VISA, while there those from other countries that qualify for ESTA or the Guam-CNMI Visa Waiver Program can usually stay for up to 45 or 90 days.

Courtesy of Wikipedia

by st_admin st_admin No Comments

History & Culture

Seafarers and Settlement

The Marianas was first settled around 2000 B.C. by ancient seafaring people who journeyed in outrigger canoes. They sailed across the vast expanse of the open Pacific and settled The Marianas. Historical records suggest that the indigenous Chamorros were originally from Southeast Asia.

The Marianas was first encountered by Spanish explorer Ferdinand Magellan in 1521 during his world exploration in search of gold and spices. In 1668, 147 years after Magellan’s encounter, Fr. Diego Luis de San Vitores, a Jesuit priest, arrived in The Marianas with the mission to convert and implement Christianity among the Chamorros, thus beginning the colonization of The Marianas by Spain. The islands were named after Queen Maria Ana of Spain.

Led by Chief Aghurubw and Chief Nguschul of the Caroline Islands, the settlement of the Carolinians in The Marianas began in 1815.

War and Possession

Germany purchased The Marianas from Spain in 1899, and the islands remained under German rule until the start of WWI in 1914. That year, Japan took possession of the islands under a secret agreement with the British to keep peace in Asia during the war. After WWI, Japan received the islands by the terms of the Treaty of Versailles in 1919, and then later, as a mandate under the League of Nations in 1920. The islands became deadly battlegrounds during the WWII campaign as Japanese and U.S. forces collided to gain control of the Pacific.

U.S. forces gained control of The Marianas in July 1944. In 1947, The Marianas was placed in a United Nations strategic trusteeship known as the Trust Territory of the Pacific Islands with the U.S. as the administering authority. The people of The Marianas decided to enter into a political union with the United States and became a self-governing commonwealth in January 1978. In November 1986, U.S. citizenship was conferred upon the people of The Marianas.

Because only one branch of the US Military – the Coast Guard – has even a small permanent presence on Saipan, many Chamorros on Saipan consider their culture more intact than on Guam. Therefore, comparisons between the two islands should take this into account. Furthermore, Chamorros on Saipan and throughout the CNMI still primarily speak Chamorro at home, while the same isn’t true of Guam. While the differences between a commonwealth (as in the CNMI) and a territory (as in Guam) may not appear to be great (especially to a mainland US citizen), Saipan should not be referred to as a territory when speaking to a local. Finally, while the population of the CNMI, as on Guam, are US citizens and proud to be recognized as such, their independent identity is equally important.

Local Culture

While English is certainly the lingua franca on Saipan, few people on the island (adults in particular) speak English as their first language. Nevertheless, nearly everybody does speak English to varying degrees. Many local residents, who often use English at school or at work, speak Chamorro or Carolinian (both official in addition to English) or another of the Micronesian languages at home. The majority of people living on Saipan are overseas contract laborers, however. These people come mostly from the Philippines, China, Bangladesh and Thailand. Furthermore, Korean, Japanese and (more recently) Russian and Chinese tourists make their languages fairly prevalent in the tourist areas as well.

Most hotels are geared toward a particular language/nationality such as Japanese or Korean, which represent most of the tourism. A notable exception is Pacific Islands Club, which is geared toward a multilingual/multinationial clientele. Likewise, most of the scuba shops are geared toward Japanese or Korean tourism, though the heavy reliance on Philippine dive staff ensures that many will also be able to handle English-speaking customers.

Courtesy of Marianas Visitor’s Authority and WikiVoyage

by st_admin st_admin No Comments

Location & Travel

The Island of Saipan, the capital of the Northern Mariana Islands, a U.S. commonwealth roughly 133 miles NE of Guam, nestled inside the Pacific Ocean.

US citizens can travel to the Northern Mariana Islands without the need for a passport if taking all domestic flights (ie. Hawaii-Guam-Saipan). Citizens of other countries can travel to Saipan under the same visa rules as traveling the the United States with the exception of 12 countries in the Guam-CNMI Visa Waiver Program, who can travel to Saipan visa-free.

Saipan is just a hop away from East Asia

The Saipan international airport serves 3 locations (4th estimated March 2024)

  • Seoul, South Korea
  • Tokyo, Japan
  • Guam, USA
  • Hong Kong (Estimated route expected end of March, 2024)

Flights to East Asia are 4.5 hours at most

  • Tokyo – 3.5 hours
  • Seoul – 4.5 hours
  • Guam – 45 minutes
  • Hong Kong – 4 hours (Est)

Once in Hong Kong, Seoul, or Tokyo, flights to other parts of East Asia
will average less than 5 hours

  • Seoul, South Korea to Ho Chi Minh, Vietnam – 5 hours
  • Seoul, South Korea to Beijing, China – 2.5 hours
  • Tokyo, Japan to Taipei, Taiwan – 4.5 hours
  • Tokyo, Japan to Bangkok, Thailand – 5 hours
  • Guam to Koror, Palau – 2 hours
  • Guam to Manila, Philippines – 4 hours
  • Hong Kong to Kuala Lumpur, Malaysia – 4 hours
  • Hong Kong to Singapore – 4 hours

Cost of flights from rom Saipan International Airport to…

  • Incheon, South Korea
    • $315 – Roundtrip – Non-stop
  • Tokyo, Japan
    • $515 – Roundtrip – 1-stop
  • Guam
    • $580 – Roundtrip – non-stop
  • Hong Kong
    • (Flight opens March 2024)
by st_admin st_admin No Comments

Setting Up Your Business In Saipan

The Commonwealth of the Northern Mariana Islands (CNMI) has a straightforward and simple incorporation and business registration process. Compared to other jurisdictions under a US flag, CNMI is an inexpensive and low-stress place to incorporate.

Read more

Top