The Northern Mariana Islands, officially the Commonwealth of the Northern Mariana Islands, is located in the northwestern Pacific Ocean. It consists of 15 islands and 6 of them are inhibited. The total area of the CNMI is 477km with the population of 72 thousand. The capital is Saipan.
Being considered a territory of USA, Northern Mariana Islands are offering investors a participation in EB-5 Immigrant Investor Program through real estate investment. Originally the EB-5 Program is designed to stimulate the US economy through job creation and capital investment by foreign investors. Entrepreneurs of at least 21 years of age who invest $1,000,000 (or at least $500,000 in a high unemployment or rural area) in a commercial enterprise in the United States and who plan to create or preserve 10 permanent full-time jobs for qualified US workers are eligible to apply for conditional permanent residence (green card) valid for two years. Before the conditional permanent residence expires, the investor must submit evidence documenting that the full required investment has been made and that 10 jobs have been maintained or created, or will be created within a reasonable time period. Once these conditions are met, investors and their families are eligible for permanent resident status, and can apply for full citizenship three years later.
You can choose to invest your money in a business anywhere in the US, but until you get your unconditional green card you must maintain your investment and stay actively engaged with the company you invest in.
EB-5 Investor Immigrant Program – Benefits:
The Northern Mariana Islands, officially the Commonwealth of the Northern Mariana Islands, is located in the northwestern Pacific Ocean. It consists of 15 islands and 6 of them are inhibited. The total area of the CNMI is 477km.
People: The Northern Mariana Islands has a population of 72 thousand, down from 69,221 in 2000
Climate: The Northern Mariana Islands have a tropical marine climate moderated by seasonal northeast trade winds, with little seasonal temperature variation. The annual average temperature is 27℃. Annual precipitation of more than 2000 millimeters. The dry season runs from December to June; the rainy season runs from July to November and can include typhoons. There are more hurricanes in August and September. The Guinness Book of World Records has cited Saipan as having the most equable temperature in the world.
Economy: Tourism is a major economic activity. Saipan and Rota are major tourist centers with luxury hotels. Tourists are mostly Japanese and Americans. Many islanders engage in subsistence agriculture, including the cultivation of taro, cassava, yams, bread, fruits, vegetables and bananas to supplement their cash income. In 2012, the activities of dried coconut production, fishing, pig farming, cattle raising, vegetable farming and handicraft production were reduced. The introduction of small-scale manufacturing from South Korea, China and Philippines, coupled with the continued growth of tourism, has led many people to migrate from Asia to the islands.
Time: ChST (UTC+10)
Currency: United States dollar (USD)
How to get there: The main international gateway into the Marianas is Saipan. There are frequent flights from Japan, South Korea and Taiwan, but visitors from the US will have to connect in Guam or transit through the previous countries listed.