Cook Islands Offshore Company

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Jurisdictions >> Cook Islands Offshore >> Cook Islands Offshore Company

Cook Islands Offshore Company. Cook Islands Company Formation.

Worldwide Incorporation Services specializes in Cook Islands Company Formation and opening bank accounts.

Cook Islands – General Information

Cook Islands Offshore Company

Location: Oceania, group of islands in the South Pacific Ocean, about halfway between Hawaii and New Zealand.
Area: total: 236 sq km, land: 236 sq km, water: 0 sq km.
Natural resources: Coconuts (copra).
Population: 9,290 (July 2017 est.).
Capital: Avarua.
Time Zone: UTC−10.
Languages: English (official), Cook Islands Maori (Rarotongan) (official).
Dependency status: Self-governing in free association with New Zealand; Cook Islands is fully responsible for internal affairs; New Zealand retains responsibility for external affairs and defense in consultation with the Cook Islands.
Government type: Self-governing parliamentary democracy (Parliament of the Cook Islands) in free association with New Zealand.
Legal system: Common law similar to New Zealand common law.
International organization participation: ACP, ADB, AOSIS, FAO, ICAO, ICCt, ICRM, IFAD, IFRCS, IMO, IMSO, IOC, ITUC (NGOs), OPCW, PIF, Sparteca, SPC, UNESCO, UPU, WHO, WMO.
Economy: Like many other South Pacific island nations, the Cook Islands’ economic development is hindered by the isolation of the country from foreign markets, the limited size of domestic markets, lack of natural resources, periodic devastation from natural disasters, and inadequate infrastructure. Agriculture, employing more than one-quarter of the working population, provides the economic base with major exports of copra and citrus fruit. Black pearls are the Cook Islands’ leading export. Manufacturing activities are limited to fruit processing, clothing, and handicrafts. Trade deficits are offset by remittances from emigrants and by foreign aid overwhelmingly from New Zealand.
Currency: NZ dollar (NZD).

Cook Islands Company – Overview

Advantages of Cook Islands Company Formation

  • Exemption from all local taxes and stamp duty
  • Maximum confidentiality and anonymity
  • Ease of operation, maintenance and control
  • Asset security
  • No disclosure or minimum capital requirements
  • The minimum number of shareholders is one
  • The minimum number of directors is one
  • Corporate directors and shareholders are permitted
  • Excellent and flexible post-incorporation follow-up services
  • No statutory requirement to hold annual general meetings

Cook Islands Company Formation – Legislation

Principal Corporate Legislation

The International Companies Act 1981-1982, Limited Liability Company Act 2008.

Type of Law

Common.

Language of Legislation and Corporate Documents

English.

Type of Company for International Trade, Investment & Tax Planning

Cook Islands International Company.

Cook Islands Company Formation – Key Facts

Share Capital

Standard authorised share capital is US$5,000. Minimum paid up share capital is US$1.

Classes of Share Available

Registered shares, shares of no par value, bearer preference shares, redeemable shares and shares with or without voting rights.

Bearer Shares

Not permitted.

Restrictions on Trading

A Cook Islands Offshore Company cannot trade within the Cook Islands. Banking, insurance, assurance, reinsurance, fund management, collective investment schemes, trust management, trusteeship business provision are not permitted.

Registered Agent Required

Each Cook Islands Company must have a Licenced Registered Agent in the Cook Islands.

Registered Office Required

Each Cook Islands Company must have a Registered Office in in the Cook Islands provided by a Licenced Registered Agent.

Directors

A Cook Islands offshore company requires a minimum of one director. Director can be of any nationality and need not be resident in the Cook Islands. Corporate directors are permitted.

Shareholders

A Cook Islands offshore company requires a minimum of one shareholder.

Publicly Accessible Records

No.

Nominee Shareholders and Nominee Directors

Allowed.

Location of Meetings of Directors and Shareholders

Anywhere.

Personal Presence Required

No.

Taxation

Nil.

Double Taxation Treaty Access

None.

Requirements to File Accounts

None.

Requirement to File Annual Return

None.

Audit Requirements

None.

Currency

New Zealand Dollar (NZD).

Exchange Control

None.

Language of Name

English.

Restricted Words

Words such as “Assurance”, “Bank”, “Building Society”, “Royal”, “Trust Company”, “Trustee Company” etc. will require justification.

Name of a Company

The words “Limited” or “Ltd” must be part of the name of every Cook Islands company.

Time to Incorporate

Five days.


Cost of Cook Islands Company Company Formation

 
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Why Choose Worldwide Incorporation Services?
  • We’ve been helping business owners since 1998
  • Incorporating your business is our focus
  • We make a complex process fast and easy
  • We work closely with Cook Islands Companies Registry to guarantee our service

Cook Islands Company Formation – Office Addresses

 

Services related Cook Islands Company Formation

Worldwide Incorporation Services provides the following services related Cook Islands Company Formation:

  • Cook Islands Company Formation
  • Registered Office and Agent Services
  • Company Secretarial Services
  • Nominee Shareholder/Nominee Director
  • Opening of Bank Accounts
  • Full Company Administration Services
  • Mailing Address in the Cook Islands
  • Trademark Registration

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Tags: Cook Islands Company Formation | Cook Islands offshore | opening of a company on the Cook Islands 

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