20 Dec 2010

US federal government issues new investor visa for CNMI

4:33 pm on 20 December 2010

The US Department of Homeland Security has issued a new investor visa for the Commonwealth of the Northern Marianas - a year after Washington federalised the territory's immigration.

The new investor regulation allows, among other things, eligible foreign long-term investors with a minimum of 50,000 US dollars instead of 150,000 in investments to remain in the CNMI through the end of 2014.

The E2 CNMI investor visa is valid for two years, is renewable, and allows an investor's spouse and children to apply as dependents of the investor.

By the end of the transition period, these investors are required to obtain another US immigrant or non-immigrant visa classification.