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Get to Know About Guam
Guam is a US island. It is a territory of the United States of America in Micronesia in the western Pacific Ocean. Thus, Guamanians are American citizens by birth. Guam occupies an area of 540 square kilometers and is home to about 163,000 people.
Most of the economy of Guam is dependent on tourism; we won’t be wrong to say that tourism has held the island together. If we look at the geography, Guam is nearer to Japan than the United States of America. The air travel distance from Guam to Australia and the USA are about 2,612 km and 11555.09 km respectively. This basically means that Guam sees more tourists from Japan and the Asian region throughout the year than the USA.
Additionally, the United States Department of Defense installations also contributes more or less to the Guam economy. Well, Guam is developed, just as you would expect from any US territory. They have an HDI of 0.901. Thus, doing business in Guam means a lot of opportunities and support at the same time.
You do have a lot of potentials, especially if you are willing to invest in the tourism sector. Nevertheless, you might once consider to visit the island yourself and look for something that fits you better; mostly small companies run on Guam. Some disadvantages include a lot of paperwork, climate risks (typhoons between August through October) and high competition. Additionally, living in Guam could be super expensive.