Business Advantages
There are many advantages for doing business in and with the CNMI.
Key advantages include:
1 The protection of the U.S. judicial system, laws and regulations including those that relate to copyright, trademark, patent and intellectual property;
2 Tax rebates and/or abatements offered to approved investments under the Qualifying Certificate Program administered by the Commonwealth Economic Development Authority;
3 The U.S. dollar is the official currency with no restrictions on repatriation of profits or capital;
4 Significant tax advantages for executives and employees on CNMI-sourced income.;
5 State-of-the-art telecommunications linked by undersea fiber optic cable to worldwide facilities
6 Exemption from U.S. vessel documentation laws for companies licensed in the CNMI;
7 Favorable tariff treatment for qualified exports to other countries; Ports that are free of U.S. Customs duties;
8 Reliable, scheduled ocean shipping and exemption from the federal Jones Act which allows foreign flag vessels to enter CNMI ports;