The Northern Mariana Islands offers an attractive, protected domicile for corporations in the digital economy, including high-tech manufacturers.
An Economy Geared Toward Investment
From its founding 50 years ago, the vision of the Northern Mariana Islands has been attracting and retaining foreign investment. In our current global digital economy, especially as it is more heavily focused on the Asia Pacific region, CNMI is an ideal domicile for some or all of your corporate operations.
Local Support of Your Global Strategy
Corporate investment in Saipan (or the islands of Tinian and Rota) carries unique benefits not found anywhere else under a US flag. Until recently there has been little promotion of investment programs such as the Qualifying Certificate and Free Trade Zones, which can reduce your corporate tax burden to ZERO. Be one of the first corporations to take advantage of the protection the CNMI offers to those who invest in us.
Let Us Help
Let The Saipan Team show you why Saipan is the ideal place for you to invest and reap the benefits of our corporate domicile.
- We help you get all of your questions answered
- We help you secure a physical and/or virtual office
- We help you register your foreign or domestic company
- We help you connect with local attorneys and accountants
- We help you form relationships with CNMI government stakeholders
In accordance with the Covenant between the United States and the Commonwealth of the Northern Mariana Islands, taxpayers (including corporations) file their annual taxes with either the IRS or the CNMI tax authorities. Corporations domiciled in Saipan, who source their income here, can receive up to 100% removal of their tax burden (in certain scenarios), while remaining in a US jurisdiction.
In Northern Mariana Islands, here are no restrictions on foreign ownership or control of corporate entities. You do not have to be a US citizen or legal resident to incorporate an entity that will be fully under your control and that can source income in CNMI. Businesses incorporated in other jurisdictions can also easily do business and source income in CNMI by acquiring a Certificate of Authority.
In the year 2000, the CNMI enacted a law known as the Investment Incentive Act. Due to this law, with a minimum investment of $100,000 – startup costs, salaries, equipment, or other expenses – your CNMI business can qualify for up to 100% tax relief for up to 25 years. This program is unique among all US jurisdictions.
CNMI has special Free Trade Zones adjacent to the air and sea ports. Companies that locate their manufacturing and distribution facilities within these areas, and utilize the local workforce (paying the US federal minimum wage), are qualified for an exemption from all taxes for up to twenty years.
We’ll help you start the right way with a customized plan to welcome you to your new physical home in the digital economy.