OVER 110 businesses have shut down since the beginning of 2024, and these include companies and non-profit organizations that have filed a dissolution of corporation with the CNMI Department of Commerce.
The businesses that have officially notified Commerce of their closure included cannabis business establishments and Saipan Portopia Hotel Corporation, which operated Hyatt Regency Saipan.
CNMI Registrar of Corporations John David A. Reyes provided Variety on Friday a list of business and non-profit organizations that have officially closed.
Reyes said the list, which Variety requested, does not include companies that have announced their closure but have not yet officially notified the CNMI government. These include NC Picks Clothes Store, Duty-Free Shop, Garapan Restaurant and several small businesses that shut down last month.Â
The list indicates that since January 2024, the number of businesses that have been shutting down ranged from four to 10 each month. The month with the highest number of business closures was June 2024, with 10 companies filing a dissolution of corporation with Commerce.
There are companies that have publicly announced their closure even before filing a dissolution of corporation with the department, Reyes said. Commerce’s list does not include those, he added.
The list
The businesses and non-profit organizations, along with their closure dates, are as follows:
Lin Xin Corporation, Jan. 3, 2024
Dae Hae Inc., Jan. 11, 2024
MGE, LLC, Jan. 17, 2024
Second Wind, Jan. 19, 2024
Gozon, LLC, Jan. 31, 2024
Kaio-Ken, LLC, Feb. 2, 2024
Karis Co., Ltd., Feb. 6, 2024
CNMI Services Group, LLC, Feb. 15, 2024
Frank C. Castro Farms Unlimited, Inc., Feb. 27, 2024
New Myung Dong Corporation, Feb. 29, 2024
Southern United Football Club, Inc., Feb. 29, 2024
Sugar N’ Spice, March 6, 2024
Sevan Design Solutions, PC, March 7, 2024
Cattleya, LLC, March 19, 2024
Saipan Marijuana Farms LLC, April 2, 2024
Vesto Structural Engineering LLC, April 3, 2024
Granite Construction Company Guam, April 10, 2024
GWWH, a Joint Venture, April 11, 2024
QL Corporation, April 12, 2024
Northern Marianas Tennis Association, April 17, 2024
K.S. Chang Corp., April 29, 2024
HPG, Inc., April 30, 2024
Capital Saipan Corp., May 3, 2024
Huachang Corporation, June 1, 2024
CKS International (Saipan), Inc., June 5, 2024
JnD Corporation, June 5, 2024
Min Corporation, June 5, 2024
NMA Investment, LLC, June 5, 2024
Marianas Pacific Airlines, LLC, June 12, 2024
Yongtai Corporation, June 13, 2024
Isla Permanente, LLC, June 20, 2024
Micronesia Media Distributor, Inc., June 24, 2024
Sam & Son, LLC, June 24, 2024
Long Fei Limited Company, July 2, 2024
Atsumi Micronesia Corporation, July 10, 2024
Hawaii-Saipan, Inc., July 10, 2024
Takayama Restaurant and Catering Service, July 11, 2024
Brabu Komunidat, July 25, 2024
K&C Partners, July 30, 2024
Curated Hive, LLC, Aug. 2, 2024
Asiana Airlines, Inc., Aug. 13, 2024
A&T Shipping Services Inc., Aug. 16, 2024
NBA Enterprises, Inc., Aug. 21, 2024
Rubin Corporation, Aug. 23, 2024
Eastern Miracle Corporation, Sept. 2, 2024
Easycall CNMI LLC, Sept. 4, 2024
Northern Marianas Trade Institute, Sept. 4, 2024
Leo A. Daly Company, Sept. 5, 2024
Kori Corporation, Sept. 10, 2024
Pacific System Corporation, Oct. 28, 2024
Gucci Saipan, Inc., Oct. 29, 2024
Saipan Building & Fixing Computer User Group, Oct. 30, 2024
Saipan International Bank Corporation, Oct. 30, 2024
Mirage Corporation, Nov. 6, 2024
Jitdram Kapeel Marianas, Nov. 7, 2024
Association of Pacific Islands Public Auditors-CNMI, Nov. 27, 2024
Frontline Maritime, LLC, Dec. 4, 2024
Tapochao Technologies, LLC, Dec. 4, 2024
Island Jewelry, LLC, Dec. 5, 2024
Banyan Management LLC, Dec. 16, 2024
Common Wealth Cannabis Co. LLC, Dec. 16, 2024
Law Office of Marcia K Schultz, LLC, Dec. 17, 2024
Saipan Portopia Hotel Corporation, Dec. 19, 2024
America Energy Inc., Dec. 23, 2024
Gold Coral Marianas, LLC, Dec. 27, 2024
HII Technologies, LLC, Dec. 27, 2024
Silver Coral Marianas, LLC, Dec. 27, 2024
Kyung Sung Corporation, Jan. 3, 2025
My Way Corporation, Jan. 3, 2025
Apollo Corp, Jan. 8, 2025
Hongfa Corporation, Jan. 8, 2025
Shangrui Investment Development Co., Ltd., Jan. 8, 2025
Colmare Group, LLC, Jan. 9, 2025
Saipan Snaps, LLC, Jan. 9, 2025
Shin Hung Development Corporation, Jan. 9, 2025
Pacific Consulting Management Group, LLC, Jan. 15, 2025
SAG Shimbun, LLC, Jan. 15, 2025
K-5 Childhood Development Center, Inc., Jan. 16, 2025
Click Marianas LLC, Jan. 21, 2025
American Home Assurance Company, Jan. 23, 2025
New Hampshire Insurance Company, Jan. 23, 2025
Dragon Tiger, Inc., Jan. 31, 2025
Manarey, LLC, Feb. 5, 2025
CNMI Fire and EMS Association, Feb. 7, 2025
Marianas Innovative Solutions, LCC, Feb. 7, 2025
Pacific Ocean Real Estate Co., Ltd., Feb. 10, 2025
Weihai Hot News New Media, LLC, Feb. 25, 2025
Dhanzel Corporation, March 2, 2025
B&Z Corporation, March 3, 2025
CDR Health Care, Inc., March 3, 2025
Lip Gloss – Where Women Empowerment Transcends, March 3, 2025
MGB Enterprises, Inc.,  March 3, 2025
Tiffany and Company, March 11, 2025
NXGEN Saipan, LLC, March 11, 2025
D&C Corporation, March 14, 2025
Z-Year Trading Corporation, March 14, 2025
Just For Fun, LLC, March 17, 2025
Hawaii International Environmental Services, Inc., April 3, 2025
Yang’s Corporation, April 3, 2025
Greenspan Adjusters International, Inc., April 4, 2025
Crystal Development, LLC, April 7, 2025
IBL CNMI Corporation, April 7, 2025
South Pacific Lumber Corporation, April 7, 2025
Triathlon Association of the CNMI, April 11, 2025
SP Corporation, April 11, 2025
Love We Enterprise, April 14, 2025
Red Spring Corporation, April 17, 2025
Sinapalo Elementary School Parent Teacher Student Association, April 17, 2025
Small Steady Steps Corporation, April 17, 2025
The White House knows
The ongoing closure of businesses in the CNMI has been brought to the attention of the White House, Variety was told.
Christopher Escobedo, the White House’s Western regional political director, told CNMI Republican Party official Irene Holl that his office has informed the Office of Inter-Governmental Affairs of the current situation “and [as] they have been looking into these issues, they are reaching out to elected officials in the CNMI to see how they can assist.”
Escobedo thanked Holl for informing him of the islands’ economic situation.
U.S. Congresswoman Kimberlyn King-Hinds has described small businesses as the “backbone of our economy and the heartbeat of the CNMI.” She said she knows the challenges they face, and will bring their stories with her in the nation’s capital. She remains committed to finding the resources, opportunities and support that small businesses need to thrive.
For his part, Gov. Arnold I. Palacios in a recent statement, acknowledged the Commonwealth’s difficult economic times. He said the CNMI is facing “a unique convergence of potential federal administration transition, new congressional leadership, urgent economic recovery needs and the long overdue pursuit of 902 consultations [with the U.S.] that demands strategic high-level engagement.”
CNMI tourism arrivals and hotel occupancy rates remain well below pre-pandemic levels.