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Micronesia (Federated States of)
Oceania (incl. Pacific Islands)
Lucky Nomads World Index
60.31 / 100
Global rank
#161
Corporate tax
21%
Personal tax
10%
Lucky Nomads Proprietary Indices
22 scoring dimensions scored independently using a deterministic methodology built on primary sources and structured analytical inference.
- SafetyShield Index9.3 / 10
- Affordability Index6.8 / 10
- Entry Ease Index5.3 / 10
- Tax Freedom Index8.4 / 10
- WiFi Index4.2 / 10
- Admin Ease Index4.3 / 10
- Healthcare Index5.6 / 10
- City Comfort Index5.9 / 10
- WeatherComfort Index5.7 / 10
- Banking Index3.6 / 10
- GeoStability Index8.3 / 10
- Justice & Order Index6.6 / 10
- Quality of Life Index6.1 / 10
- Open Society Index7.0 / 10
- Flight Index1.8 / 10
- Environmental Quality Index7.5 / 10
- English Index6.2 / 10
- Wealth Protection Index7.3 / 10
- AI Access Index5.2 / 10
- Economic Openness Index5.1 / 10
- Market Depth Index2.5 / 10
- ClimateShield Index5.3 / 10
Country snapshot
- Capital
- Palikir
- Population (approx.)
- 114,000
- Area (km²)
- 702 km²
- Currency code (ISO 4217)
- USD
- Currency name
- United States dollar
- Main airport IATA code
- PNI
- Airport name
- Pohnpei International Airport
General facts
- Minimum monthly cost
- From $1,480/month
- Main languages
- English
- Jurisdiction type
- Country
- Region
- Oceania (incl. Pacific Islands)
- Web TLD
- .fm
- Phone calling code
- +691
Web TLD and phone codes are general references and can differ for territories or special numbering plans.
Tax system
- Marginal CIT (corporate income tax)
- 21%HighWorldwide
- Marginal PIT (personal income tax)
- 10%LowTerritorial
Corporate taxation basis: Worldwide. The country generally taxes worldwide income of resident companies.
Major Corporations resident in the FSM are taxed on worldwide taxable income computed under IFRS or GAAP, with a non-refundable foreign tax credit and a 7-year carryforward under 54 FSMC section 331. Major Corporations not engaging in business in the FSM under section 353 are exempt from the Gross Revenue Tax under section 323, which functionally enables offshore holding and captive insurance structures.
Major Corporation regime imposes 21 percent on the first 300 million USD of taxable income, 25 percent between 300 and 500 million USD, and 30 percent above 500 million USD under the progressive schedule introduced by Congressional Bill 21-07 effective 31 March 2020. Smaller businesses are taxed under the Gross Revenue Tax at 80 USD on the first 10,000 USD of gross revenue plus 3 percent above, applied on FSM-source gross receipts.
Personal income tax basis. Territorial. The country taxes income arising in or derived from its territory. Foreign-source income is generally exempt, subject to source-based rules that may vary by income type.
Wages and Salaries Tax applies only to wages paid by FSM-domiciled employers to employees performing services in the FSM. Self-employment income may be captured by the business Gross Revenue Tax. Foreign-source investment income, dividends, capital gains and pensions are outside the tax net for resident individuals.
Flat bracket Wages and Salaries Tax under Title 54 Chapter 2, at 6 percent on the first 11,000 USD of annual employment income and 10 percent on income above 11,000 USD. No income tax on dividends, interest, capital gains, foreign-source income or inheritances at the federal level.
Tax percentages here are editorial reference figures for comparison, not individualized tax advice.
Special tax regimes
For companies
FSM Major Corporation Regime (Corporate Income Tax Act of 2004)
AvailableCorporate income tax regime for non-bank corporations incorporated in the FSM after 1 January 2005 with paid-in capital of at least 1 million USD…
FSM Captive Insurance Regime (Captive Insurance Act of 2006)
AvailableSectoral captive insurance framework established by the Captive Insurance Act of 2006 (Title 37 Chapter 10).
You either qualify for the Micronesia (Federated States of)'s special tax regimes, or you don't. GeoCompass determines your eligibility, highlights the applicable conditions, and helps estimate your potential tax exposure.
Check my eligibilityVisa and mobility
Your access
Visa need and length of stay for Micronesia (Federated States of). Saved on your device.
Overview
- Citizenship by investment
Not currently available
- Residence by investment
Not currently available
- Remote work visa (digital nomad visa)
Not currently available
Programmes
Micronesia (Federated States of) lists several residency and mobility routes across business founder routes, work (employer sponsored), family and dependant routes, student and graduate routes, and treaty-based residence. Lucky Nomads tracks these programmes as editorial reference points. Thresholds, documents, and personal eligibility are evaluated in GeoCompass against your exact profile.
5 programmes listed · 5 are marked available in our editorial review
Business founder routes
1 programmeFounder, entrepreneur, or company-linked pathways for people building a business locally.
- Available
Foreign Investor's Entry Permit
Work (employer sponsored)
1 programmeEmployer-linked permits and skilled employment passes for hired professionals.
- Available
Alien Worker's Permit
Family and dependant routes
1 programmeSpouse, dependant, and family reunion style permits.
- Available
Spouse of FSM Citizen Entry Permit
Student and graduate routes
1 programmeStudy-linked permits and post-study transition routes.
- Available
Student Permit
Treaty-based residence
1 programmeResidence rights that flow from an international treaty rather than domestic immigration law.
- Available
US Citizen Residence under Compact of Free Association
Not all residency routes are accessible. Some require minimum income, investment thresholds, local substance, or strict eligibility conditions. GeoCompass evaluates which options you can actually secure in the Micronesia (Federated States of).
Evaluate my residency optionsVisa and programme labels reflect editorial research, not individualized legal advice. Thresholds, documents, and personal eligibility are evaluated in GeoCompass. Always confirm rules with official government sources before you plan a move.
Dimensions breakdown
Strongest dimensions
- SafetyShield Index9.3 / 10Exceptional safety and stability
- Tax Freedom Index8.4 / 10Very favorable tax environment
- GeoStability Index8.3 / 10Very strong geostability index
Weakest dimensions
- Flight Index1.8 / 10
- Market Depth Index2.5 / 10
Published ranks by index
One row per leaderboard we publish (the composite index plus each proprietary dimension). A rank appears only when this country is currently in the published top 10 for that list. Open a row to see the full ranking. Hover an index name for the same short definition as elsewhere on the site.
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Founder, Lucky Nomads · Wealth manager
Researched from official sources, leading global indices and Lucky Nomads' own scoring.
Free diagnostic
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