Offshore Company Formation Cook Islands
The Cook Islands are scattered over 15 million square miles of the South Pacific Ocean, between French Polynesia and Fiji. The total land area is 240sq. km. The capital and financial centre is Raratonga, which is some 3,000 km. east of Auckland, New Zealand. The languages are English and Cook Islands Maori and the islands currency is the New Zealand dollar.
The Cook Islands are self-governing parliamentary democracy in free association with New Zealand which is responsible for external affairs and defence. The main industries are financial services and tourism.
Financial Services – the Cook Islands
The financial services industry in the Cook Islands dates from 1981 when the government enacted legislation providing for the incorporation of Cook Island international companies and trusts, including banking, insurance and fund management.
The industry received a major overhaul in 2003 in response to external developments and with the passing of the Cook Islands Financial Services Act 2003 regulation was brought up to international standards. All offshore business must now be transacted through companies registered under the Act. There are six companies so authorised.
Cook Islands offshore company regulations
| Type of entity |
International |
| Type of law |
Common |
| Corporate taxation |
Nil |
| Double taxation treaties available |
No |
Share Capital |
| Usual currency |
U.S.$ |
| Permitted currencies |
Any |
| Minimum paid up |
$1 |
| Usual authorised |
$5,000 |
Directors |
| Minimum number |
1 |
| Local resident required |
No |
| Records publicly available |
No |
| Location of Meetings |
Anywhere |
Shareholders / Members |
| Minimum number |
1 |
| Records publicly available |
No |
| Location of Meetings |
Anywhere |
Company Secretary |
| Required |
Yes |
| Local or qualified |
Local |
Accounts |
| Required |
Yes |
| Audit required |
No |
| Filing required |
No |
| Publicly available |
No |
Other |
| Annual return required |
Yes |
| Change of domicile permitted |
Yes |
Why not talk to us about forming an offshore company in the Cook Islands? Call +353 1 431 9663 or Click Here to contact us.
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