§ 2497
TITLE 1: GOVERNMENT
DIVISION 2: EXECUTIVE BRANCH
§ 2497. Streamlined Investment Processes. (a) The Office of Foreign Corporation Liaison shall coordinate with other government offices and agencies to streamline investment processes, including business registration, permitting, and licensing, to make it easier and more efficient for investors to establish and operate businesses in the CNMI. (b) The office shall be the designated agency to serve as a one-stop shop for investors, providing information, guidance, and assistance throughout the investment process. (c) Interdepartmental agreements. The Office of Foreign Corporation Liaison, through the Secretary of the Department of Commerce, may enter into agreements with other departments, agencies, public corporations, and other governmental entities to establish procedures for expediting the dissemination of information for foreign and domestic businesses and the processing of any application for permit or license or any other governmental service. (d) Private sector coordination. The Office of Foreign Corporation Liaison shall coordinate with the private industry within the CNMI, including banking and financial services, insurance, telecommunications, energy, and real estate industries to ensure that the infrastructure, necessary for foreign corporations to domicile and source revenue in CNMI, is robust and attractive to foreign corporations seeking to do business in CNMI. Source: Repealed and reenacted by PL 24-06, § 3 (July 22, 2025).