§ 50203. Minimum Investment
TITLE 4: ECONOMIC RESOURCES DIVISION 5: BUSINESS REGULATION § 50203. Minimum Investment. A minimum capital investment, including public benefit contributions, in a new business or expansion of an existing business of a Qualifying Certificate applicant is as follows: New Expansion
- Franchise restaurant $ 1,000,000 500,000
- Water park $ 1,000,000 500,000
- Aquarium $ 1,000,000 500,000
- Cultural center $ 1,000,000 500,000
- Theme park $ 10,000,000 5,000,000
- New expansion, resort hotel or $ 5,000,000 2,500,000 condominium
- Golf course $ 10,000,000 5,000,000
- Convention center $ 1,000,000 500,000
- Dinner theater $ 1,000,000 500,000
- Special event $ 500,000 250,000
- CNMI based airlines or other aviation $ 1,000,000 500,000 related activity
- Manufacturing or processing of high $ 1,000,000 500,000 technology product
- Internet related businesses and/or $ 100,000 50,000 businesses engaged in internet com- merce
- Any development or project not listed $ 1,000,000 500,000 above that is approved pursuant to this Chapter Provided that for the islands of Rota and Tinian, the minimum capital invest- ment, including public benefit contributions, shall be sixty percent of the corre- sponding figures listed above. Source: PL 12-32, § 3 (3303); subsection (n) amended by PL 12-50, § 2 (c); subsection (f) amended by PL 12-80, § 2 (c).
Source: CNMI Law Revision Commission