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Cook Islands International Company (IC) Formation

The Cook Islands are a group of 15 islands located in the South Pacific Ocean, in Polynesia. The economy is primarily based on tourism and fishing, however, in recent years the offshore industry has been expanding rapidly due progressive legislation, which facilitates the establishment of numerous offshore structures. These International Companies (ICs) have many advantages such as anonymity and tax planning benefits.

By refusing to comply with foreign directives and court orders, the Cook Islands have reinforced its position as an Offshore Financial Center which is secure.

  • No Corporate Taxation
  • Privacy Laws
  • Minimal financial Reporting
  • Limited Personal Liability
  • Secure Asset Protection Trust Legislation
  • Minimum Disclosure
  • Flexible Structure
  • Professional Service Company
  • Financial management
  • Offshore investments and savings
  • Privacy – Non-disclosure and confidentiality
  • International Trading
  • Forex and other brokerage trading company
  • Electronic Commerce
  • Manufacturing Companies

An International Company in The Cook Islands is restricted from conducting business within the Cook Islands, as well as holding or conducting any business in real estate, insurance, or banking without the proper license.

An approved agent needs to be used for incorporation.

A few of the requirements are the Name of the company to be incorporated, a physical address, certified copies of valid passports or national ID cards, such as those issued in the European Union. These need to be certified by either a Notary Public, Bank or by the issuing country’s Embassy.

Overview
Company TypeInternational
Country LawCommon Law
Company Law

The International Companies Act 1981-1982

Limited Liability Company Act 2008

Registered Office RequiredYes
Local Registered Agent RequiredYes
Shelf Companies PermittedYes
Migration Of DomicileYes
Average Time To Form Company3 - 5 Business Working Days
Government Fees
Minimum Government Formation Charge$300 USD
Recurring Minimum Annual Company License Fee$300 USD
Annual Return Filing FeeNot Applicable
Corporate Tax
Corporation TaxNo
Access to Double Taxation TreatiesNone

All Cook Island International Companies are exempt from income, capital gains, sales tax
as well as stock sale or transfer tax. Including but not limited to the above.

 

Directors
Minimum Required Directors1
Local Director RequiredNo
Records PublicNo
Board Meeting LocationAnywhere in the World
Corporate Directors PermittedYes
Privacy - Publicly Available RecordsNo

There is a minimum requirement of one Director, of which may be the only shareholder. Directors can be either individuals or corporate bodies of any nationality and resident of any country.

Company Secretary
Secretary RequiredYes
Local or Qualified PositionYes
Share Capital
Standard CurrencyNZD New Zealand Dollar
Permitted Share CurrencyAny
Minimum Paid Up SharesNo Minimum
Usual Authorised$5,000 USD
Bearer Shares PermittedYes
No Par Value Shares PermittedYes
Shareholders
Minimum Number Of Shareholders1 Shareholder
Corporate Shareholdes PermittedYes
Meeting LocationsCan be held anywhere in the world
Privacy - Publicly Available RecordsNo
Company Accounts
Requirements To PrepareYes
Audit RequiredNo - By Resolution
Keep Financial RecordsYes
Requirement To File AccountsNo - By Resolution
Requirement to File Annual ReturnYes
Accounts Publicly AccessibleNo

All Cook Islands International Companies are exempt from taxes such as Corporation, Inheritance, Capital Gains and Estate Tax, to name a few.

Cook Island Facts
Location

Island country in the South Pacific Ocean

in free association with New Zealand.

Comprised of 15 Islands

SizeApproximate area of 240 sq. km
PopulationApproximately 14,974
Languages SpokenMain and Official Languages:

English

Cook Islands Māori

CurrencyNew Zealand Dollar (NZD)
Politics

Constitutional Monarchy

Economy

Main Industries:

Tourism

Fishing

Other income from Taxes on Trusts and Trust Employees

Transport

Air

Road - Driving on the Left

Boat

Time Zone

Cook Island Time (CKT) UCT-10

International Dialling Code+682
Internet TLD.ck

Contact us today to enquire about the Cost of Formation or if you have further questions regarding the application process.

Cook Islands International Company (IC) Formation Enquiry

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