In the southern Pacific Ocean are Cook Islands. These islands are in a state free association with New Zealand. The Companies Act, enacted in 1982, regulates the activities of corporations in the islands. Later amendments strengthened their asset protection functions, so it would be advantageous for a businessman to establish a company in the Cook Islands.
You can register a company on the Cook Islands as:
- a Limited Liability Company;
- an International Trust;
- a Corporation;
- a Limited Partnership;
- an International Fund.
If you decide to open A COMMERCIAL FIRM on the Cook Islands, check out its features:
- The company must have a resident secretary;
- Cook Island State provides the opening a bank account on Cook Islands;
- At least one shareholder is required;
- All documents for registering a company on the Cook Islands must be apostilled.
Financial statements and accounts must be provided to the Resident Secretary for keeping company records, as well as copies of all minutes and resolutions of the director. Although the Cook Islands law requires a secretary and requires all annual reports to be submitted to the island registry, this requirement may be waived by company decision.
Benefits of registering international companies on the Cook Islands:
- There are no requirements for the authorized capital;
- Providing a confidentiality to shareholders and directors in connection with the laws of Cook Island;
- Shareholders and directors may not hold an annual meeting of shareholders.
The Government of the Cook Islands has a positive attitude towards foreign companies. Therefore, if you decide to set up a company on the Cook Island, you will receive full company management, no taxation, a confidentiality, and the asset protection. The amount of $300 should be entered in the Cook Islands Register upon confirmation of company registration.
YB Case competent specialists will provide you with advice on a company registration process on the Cook Island.
Please, check with our specialists for possible solutions for your business.