Cook Islands

Original price was: $ 2,990.00.Current price is: $ 2,690.00.

Over 1,000 businesses partner with us for our company services. |  Ready to register ? | Speak with our Experts |Over 1,000 businesses partner with us for our company services. |  Ready to register ? | Speak with our Experts |

Incorporation Details

Fee schedule
Country First year Annual fee
Cook Islands US$ 2,690 US$ 2,590

*** To maintain good standing, your Cook Islands company must pay an annual renewal fee. This fee is a flat rate and free from hidden charges.

What’s included for 1900

● Incorporation of Company
● Cook Islands Government Registration Fees
● Registered Office for 1 year
● Registered Agent for 1 year
● Certificate of Incorporation
● Articles of Organisation
● Register of Members
● Membership Certificates
● Lifetime support

Why Cook Islands

The Cook Islands is an attractive jurisdiction for international business, asset protection, and financial privacy. Located in the South Pacific, this small island nation has developed a reputation as one of the most secure offshore financial centers in the world. Below are key reasons why individuals and businesses choose the Cook Islands for incorporation, trusts, and financial services.

Benefits of opening a company in Cook Islands
  • 1. Strong Asset Protection Laws
    • The Cook Islands Trust (CIT) is one of the strongest asset protection structures in the world.
    • Local laws make it very difficult for foreign creditors to claim assets held in a Cook Islands Trust.
    • Strict fraudulent transfer rules require creditors to prove beyond a reasonable doubt that a transfer was fraudulent.

    2. No Taxation on Offshore Income

    • No capital gains tax, income tax, or corporate tax for offshore companies.
    • This makes it an ideal location for wealth preservation and estate planning.

    3. Political and Economic Stability

    • A self-governing territory in free association with New Zealand.
    • Uses the New Zealand Dollar (NZD), providing currency stability.
    • A well-regulated financial services industry with a strong legal framework.

    4. Confidentiality & Privacy

    • The Cook Islands does not recognize foreign court judgments related to asset protection trusts.
    • There are strict confidentiality laws that protect client information.

    5. Flexible Offshore Company Structures

    • Cook Islands International Companies (ICs) allow 100% foreign ownership.
    • No minimum capital requirements.
    • Minimal reporting requirements for offshore companies.

    6. Estate Planning & Wealth Preservation

    • Ideal for high-net-worth individuals looking to protect wealth for future generations.
    • Trusts can last indefinitely (perpetual trusts).

    7. Strong Banking & Financial Services

    • A robust offshore banking sector.
    • Access to global investment opportunities with secure financial institutions.

    8. Compliance with International Standards

    • The Cook Islands adheres to international anti-money laundering (AML) and financial regulations.
    • Recognized as a legitimate and well-regulated jurisdiction for offshore business.
Incorporation Procedure

Documents from individuals:

  • A Clear and Current/ Valid copy Driver’s License ID, (To be notarized)
  • A copy of a Current Utility Bill, as proof of residential address (To be notarized)
  • Application Form (we will provide).

Documents from legal entities:

  • Copy of the Certificate of Incorporation;
  • Copies of incorporation documents (Articles of Association and Memorandum of Association).
  • Register of directors/shareholders/members

Note: Where documents are in a language other than English, a certified translation of the full document into English must be provided, with the original document.

Company Structure
  • Minimum Number of Directors: One, who may be a natural person or a corporate body.
  • Minimum Number of Shareholders: One, which can be the same entity as the director.
  • Beneficial Owners: While beneficial owners are not part of public records, you must provide this information to the Registered Agent who maintains confidentiality.
Timeline

Once we have received all the required identification documents, the company formation process will take approximately 5 working days subject to compliance review.

Taxation Policies

The Cook Islands is a well-known offshore financial center with a business-friendly tax system, making it an attractive jurisdiction for international investors and businesses. Below is an overview of the taxation policies in the Cook Islands:

1. Corporate Taxation

  • International Business Companies (IBCs) and offshore companies pay zero corporate tax on foreign income.
  • Domestic companies operating within the Cook Islands are subject to corporate tax at a rate of 20%.
  • There is no capital gains tax or withholding tax on dividends paid to non-residents.

2. Personal Income Tax

  • Residents are taxed on their worldwide income at progressive rates:
    • 18% for income up to NZD 12,000.
    • 27% for income between NZD 12,001 – NZD 30,000.
    • 30% for income over NZD 30,000.
  • Non-residents are only taxed on income sourced from within the Cook Islands.

3. Value-Added Tax (VAT/GST)

  • The Goods and Services Tax (GST) is set at 15%.
  • Businesses with an annual turnover above NZD 100,000 must register for GST and file returns.

4. Trusts & Asset Protection

  • Cook Islands Trusts are exempt from taxation on foreign-sourced income.
  • Trusts are commonly used for wealth protection and estate planning due to strong asset protection laws.

5. Other Taxes

  • No inheritance tax, capital gains tax, or estate tax.
  • No foreign exchange controls, allowing free movement of funds.
Accounting and Audit Requirements

For offshore companies and IBCs, there are no financial reporting or audit requirements, but proper records must be maintained. However, local companies doing business within the Cook Islands must comply with standard accounting and tax filing requirements.

General Accounting Requirements

  • Offshore companies are not required to file annual financial statements with the government.
  • However, companies must maintain proper accounting records that reflect their financial position and transactions.
  • Records must be kept for at least five (5) years and should be accessible if required by authorities.
  • There is no mandatory audit requirement for most offshore businesses.

Financial Reporting

  • Most offshore companies have minimal financial reporting obligations to local authorities.
  • However, if a company engages in activities within the Cook Islands or has local tax obligations, it may need to comply with additional financial reporting rules
  • Companies may be required to provide basic financial statements if requested by international regulatory authorities in cases of suspected financial crimes

Record-Keeping for Trusts & International Business Companies (IBCs)

  • International Business Companies (IBCs) must keep financial records but do not have to file them publicly.
  • Cook Islands Trusts must also maintain proper records, particularly for compliance with asset protection laws.

Contact us for complete assistance in opening an offshore company in Cayman Islands.

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Follow the right path with the right procedure

STEP 01

Select package and submit KYC documents

STEP 02

Sign application forms and do due diligence requirements

STEP 03

Submit the application and receive corporate documents

STEP 04

Annual registration renewal to keep business in good standing