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 7. Golf course $ 10,000,000 5,000,000 8. Convention center $ 1,000,000 500,000 9. Dinner theater $ 1,000,000 500,000 10. Special event $ 500,000 250,000 11. CNMI based airlines or other aviation $ 1,000,000 500,000 related activity 12. Manufacturing or processing of high $ 1,000,000 500,000 technology product 13. Internet related businesses and/or $ 100,000 50,000 businesses engaged in internet commerce 14. 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 investment, including public benefit contributions, shall be sixty percent of the corresponding figures listed above. 1. 2. 3. 4. 5. 6.
Source: PL 12-32, § 3 (3303); subsection (n) amended by PL 12-50, § 2 (c); subsection (f) amended by PL 12-80, § 2 (c).