Business For Sale Northern Mariana Islands | Business For Sale Listings
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Things to Know About the Business for Takeover Northern Mariana Islands
The Northern Mariana Islands is a commonwealth and United States territory consisting of 14 islands in the northwestern Pacific Ocean. It covers a land area of 464 square kilometers and is home to about 55,144 people. The capital is Saipan, which is also the largest city, and obviously, USD is their currency. They speak English, Chamorro, and Carolinian languages, and residents are called Northern Mariana. The major religion in the country is Roman Catholic. Similar to Palau, it has a tropical rainforest climate (dry and rainy seasons).
GDP in the country is around $682 million, and its GDP per capita is approximately $13,300 (both PPP, 2013 estimate). Though it is an independent country, it can still get financial assistance from the United States. Half of the workforce is being employed in the tourism industry, and it is the primary source of the country’s revenue.
Doing business in Northern Mariana Islands requires flexibility and adaptability. Of course, some nationalities are visa-exempt and can travel to the islands with just their passport. Other foreign nationals must obtain a visa at the nearest US embassy or online. Applying for a visa in the country has similarities to the US visa policy.
Some challenges that occur nationally include economic problems, health issues, and minor criminal activities. Though it is an aid-dependant, the country is doing its best to fight these arising, but mostly minor and relatively low key problems. Moreover, the major drug threat in the CNMI is methamphetamine, which is brought in from Asia. As far as safety is concerned, you have nothing to worry about as there is not such criminal activity in the country. But overall, the Northern Mariana Islands can provide both fun and relaxation, and you have lots of activities to do on the islands.
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