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Promote:Micronesia

Invest in Micronesia

A short guide for companies expanding into Micronesia: the economy at a glance, the rules and steps to set up, and who can help, each with its source.

1. Micronesia at a glance

The currency is the United States dollar.

Source: World Bank WDI metadata, currency unit and fiscal year⁠ (opens in a new tab) · as of October 8, 2026

2. Before you set up

The investment agency, any one-stop route, the sectors reserved for nationals and the zones, as the guide found them.

3. Steps to set up

The main steps, in order, each with the body responsible and its official page.

Setting up in Micronesia

  1. Apply for an FSM Foreign Investment Permit from the Secretary, or a state permit for sectors the states regulate.Department of Resources and DevelopmentAs of the 2006 regulations: up to 15 calendar days for review, no application fee and a US$50 annual fee.Official page⁠ (opens in a new tab)

    Source: FSM Foreign Investment Regulations, amended January 2006⁠ (opens in a new tab) · as of January 16, 2006

  2. Apply for a business license for the class of business, signed by the Secretary after a customs tax check.Department of Resources and DevelopmentOfficial page⁠ (opens in a new tab)

    Source: FSM business license application form for importers and exporters⁠ (opens in a new tab) · as of November 1, 2026

  3. Register for national taxes with Customs and Tax Administration through its Revenue Management System.Customs & Tax AdministrationOfficial page⁠ (opens in a new tab)

    Source: FSM Finance and Administration, Customs and Tax Administration page, 2026⁠ (opens in a new tab) · as of November 1, 2026

  4. Apply for expatriate worker authorizations for foreign staff on the Department form.Department of Resources and DevelopmentAs of the 2006 regulations, a permit holder may get up to two additional authorizations for senior management posts.Official page⁠ (opens in a new tab)

    Source: FSM Foreign Investment Regulations, amended January 2006⁠ (opens in a new tab) · as of January 16, 2006

Show 1 more set-up step
  1. Hold a NORMA permit if the business fishes in the exclusive economic zone.National Oceanic Resource Management AuthorityOfficial page⁠ (opens in a new tab)

    Source: NORMA, licensing page, read November 2026⁠ (opens in a new tab) · as of November 1, 2026

4. Organizations that help investors

Start with R&D and CTA. Each card links to the organization’s own site.

Each card says what it can help with:Get adviceFind financeMeet requirementsResearch markets

  • The guide lists every national body found with evidence dated 2025 or later; no chamber of commerce or business association qualified. Source⁠ (opens in a new tab)

Investment and business setup

Customs and tax

5. Worth knowing

Show 1 more

6. How Promote:Global helps

  • Compare Micronesia with other countriesSet Micronesia beside other countries on investment momentum, fundamentals and trade access, before site, tax and legal work.
  • Find advisors and service firmsAsk an advisory firm a scoped, paid question, or browse firms that list their own services, from legal work to logistics.
  • Organize your next stepsKeep each product and market in a project, with a roadmap of steps you work through.

Turn this guide into your Micronesia project.

Use Promote:Global to explore markets, understand requirements and organize your next steps.

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Promote:Micronesia is an independent guide by Promote:Global, not an official government portal. The organizations named here are independent public and membership bodies, not Promote:Global partners, and every link goes to their own site.

Facts read from public sources, with an editorial cut-off of November 1, 2026. Nothing here is investment, legal, tax or sanctions advice. Check current status with the organization before you rely on it.