|Hong Kong Bank Account||$1,040|
|Bank Account in Singapore, Latvia, Austria, British Virgin Islands, St. Vincent & The Grenadines, Mauritius, or Belize||$975|
|Hong Kong Bank Account||$800|
|Bank Account in Singapore, Latvia, Austria, British Virgin Islands, St. Vincent & The Grenadines, Mauritius, or Belize||$750|
The Cook Islands is comprised of a group of 15 islands located in the South Pacific Ocean (between Tahiti in the east, Samoa and Tonga in the west) in free association with New Zealand. The largest island and administrative centre is Rarotonga which is approximately 3,000 km north-east of Auckland, New Zealand. The township of Avarua on the north of Rarotonga is the political and commercial centre of the Cook Islands. The Islands became self-governing in 1965 but New Zealand retains responsibility for external affairs and defence. The total population of the Island group is approximately 19,000. Although Cook Islanders are citizens of New Zealand, they have the status of Cook Islands nationals, which is not given to other New Zealand citizens.
|Type of Entity||IBC|
|Type of law||Common|
|Shelf Company Availability||No|
|Minimum Government Fees (Excluding Taxation)||US$ 310|
|Corporate Taxation||None on Foreign Profits|
|Double Taxation Treaty Access||No|
Share Capital or Equivalent
|Usual Authorized||US$ 100|
|Minimum Paid-up Capital||US$100|
|Directors or Managers|
|Public Access to Records||Yes|
|Location of Meetings||Anywhere|
|Public Access to Records||No|
|Location of Meetings||Anywhere|
|Company Secretary Required||Yes|
|Local or Qualified||Not Required|
|Requirement to Prepare||No|
|Requirement to File accounts||No|
|Public Access to Accounts||no|
|Requirement to File Annual Return||Yes|
|Change of Domicile Permitted||Yes|
The Cook Islands is a self-governing parliamentary democracy in the South Pacific Ocean, in free association with New Zealand. The 15 small islands have a total land area of 240 square kilometres (92.7 sq miles), but the Cook Islands Exclusive Economic Zone (EEZ) covers 1,800,000 square kilometres (690,000 sq miles) of ocean. The main population centre is on the island of Rarotonga (14,153 in 2006), where there is an international airport. There is a much larger population of Cook Islanders in New Zealand, particularly the North Island. In the 2006 census, 58,008 self-identified as being of ethnic Cook Island Māori descent.
With about 100,000 visitors travelling to the islands in the 2010-11 financial year, tourism is the country’s main industry, and the leading element of the economy, far ahead of offshore banking, pearls, and marine and fruit exports.
Infrastructure & Economy
Rarotonga has a highly developed communication system, with satellite telephone, the Internet, e-mail and fax facilities. Direct dialling to Rarotonga is available from most countries. New Zealand Airlines fly via Rarotonga to and from Auckland, Tahiti, Hawaii, Los Angeles and Fiji, and provide direct access to the USA, South East Asia and Australia, as well as Europe.
The Cook Islands economy is primarily based on tourism and fishing. In recent years the offshore industry has expanded enormously due to the innovative and progressive legislation, which facilitates the establishment of numerous offshore structures, such as international business companies, offshore banks, offshore insurance companies and wealth preservation trusts.
• Exchange Control
• Type of Law
• Principal Corporate Legislation
• Type of Company for International Trade and Investment
• Restrictions on Trading
• Powers of Company
• Language of Legislation and Corporate Documents
• Shelf Companies Available
• Language of Name
• Registered Office Required
• Name Restrictions
• Suffixes to Denote Limited Liability
• Disclosure of Beneficial Ownership to Authorities?