The best Cook Islands advantages that can offered to you
An excellent Asia Pacific option for international trade.
Efficient business regulations
Confidentiality and Privacy
Asset security and protection
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The Advantages of Cook Islands Offshore International Companies (VIDEO)
Setting up your business in the Cook Islands
Advantages of Cook Islands International Company
The Cook Islands, while associated with New Zealand, is South Pacific Ocean self-governing island country. There are 15 islands comprising the Cook Islands. The approximate total land area is 92 square miles (240 square kilometers). The Cook Islands have an Exclusive Economic Zone (EEZ) which is attractive to foreign investors.
The Cook Islands offshore financial sector emerged in 1982 with the passing of the Cook Islands International Companies Act, which was later accompanied by an amending piece of asset protection legislation that is regarded as the most comprehensive and secure pieces of legislation in the world, firmly ensuring the assets of foreign Cook Island investors.
The last few years the Cook Islands, in order to comply with new international standards by the OECD and anti-money laundering directives, have had to institute several automatic tax agreements and reporting requirements.
Companies incorporated in the Cook Islands enjoy structural flexibility and simple administrative procedures in a highly secure and confidential location. There are minimal reporting and regulating restrictions with comprehensive protective offshore laws that ensure client security.
There are no other offshore jurisdictions that can boast of such extensive asset protection measures.
The Cook Islands are truly the safest place in the world
The Cook Islands also offers another widely used offshore formation product for their strong asset protection and security measures – the Cook Islands Trust.
Advantages
A Cook Islands IC enables companies and individuals to benefit from a number of advantages including, but not limited to:
Zero tax (*)
Political and economic stability
Strict enforcement of legislation
The world’s most secure asset protection trust legislation
An English Common Law System
English speaking country
Minimum disclosure requirements
Currency diversificationLimiting personal liability
Flexible requirements
Minimum financial reporting requirements
(*) International Business Companies are not subject to Cook Islands income tax, since the Directors are not resident in the Cook Islands, and control of the Company is exercised from outside the Cook Islands.
Efficient business regulations
- Fast incorporation
- Straightforward registration procedures
- No limitations to the share capital value and currency
- No requirements of minimum paid-up capital
Confidentiality and Privacy
- Benefits from a closed registry
- Names of directors and shareholders are not made public
- Nominee shareholders and directors are also available, providing another layer of privacy
Asset security and protection
Maintained via provisions that restrict seizure, expropriation or confiscation of assets by foreign authorities or creditors.
Enhanced Privacy Law
There is no public registry of International Companies, and information can only be obtained with permission from the company itself.
No Auditing requirements
The Cook Island requirements can be bypassed through a company resolution.
Top uses of a Cook Islands Offshore company
There are no restrictions from doing business anywhere outside of the Cook Islands, except where activities are deemed as being illegal or require a license to legally conduct such business. The only limitations are in conducting business within the Cook Islands and when such activities are in banking, insurance or real estate, which require an appropriate license.
The formation of an IC can be used for, including but not limited to:
Offshore savings and investments
Manufacturing
Transportation
Trade and distribution
Forex and stock trading