COOK ISLANDS Company - Offshore Company Formation

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COOK ISLANDS Company - Offshore Company Formation JURISDICTIONS & FEES

• General
• Type of Company : International
• Political Stability : Fair
• Standard Authorised Capital : No
• Tax on Offshore Profits : Nil

• Corporate Requirements
• Local Registered Office and Registered Agent Required : Yes
• Minimum Number of Directors / Managers : 1
• Local Directors Required : No
• Corporate Directors Permitted : Yes
• Minimum Number of Shareholders / Members : 1
• Local Shareholders Required : No
• Corporate Shareholders Permitted : Yes
• Company Secretary Required : Yes
• Bearer Shares Allowed : Yes, but not available

• Annual Requirements
• Filing of Annual Return : Yes
• Submit Audited Accounts : No
• Min. Annual Tax / Licence Fees : US$500
• Shelf Companies Available : Yes

COOK ISLANDS Company - Offshore Company Formation GENERAL INFORMATION

• COOK ISLANDS INTRODUCTION
  The Cook Islands comprises a group of 15 islands located between Tahiti in the east, Samoa and Tonga. The largest island and administrative centre is Rarotonga which is approximately 3,000 km north-east of Auckland, New Zealand and the township of Avarua on that island is the administrative 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.

• COOK ISLANDS Company LANGUAGE
• The official language is English however Cook Islands Maori is widely spoken.

• COOK ISLANDS Company TYPE OF LAW
• The legal system is based on English common law and incorporates a considerable body of New Zealand statute law.

• COOK ISLANDS Company TYPE OF COMPANY FOR INTERNATIONAL TRADE AND INVESTMENT
• International Business Company

• COOK ISLANDS Company TIME TO INCORPORATE
• One Day, but allow ten working days for receipt of documentation.

• COOK ISLANDS Company RESTRICTIONS ON NAME AND ACTIVITY
• Names must end with one of the following words, or abbreviations thereof - Limited, Corporation, Incorporated, Societe Anonyme or Sociedad Anonima.
• The following words, and their associated activities, cannot be used :
• Assurance, Bank, Building Society, Chamber of Commerce, Chartered, Cooperative, Imperial, Insurance, Municipal and Royal.

• COOK ISLANDS Company CLASSES OF SHARES PERMITTED
• Registered shares, bearer shares, preference shares, redeemable shares, shares with or without voting rights and shares of no par value.

• COOK ISLANDS Company DISCLOSURE OF BENEFICIAL OWNERSHIP TO AUTHORITIES
• No.

• COOK ISLANDS Company LICENCE FEES
• An International Business Company pays an annual licence fee of US$500.

• COOK ISLANDS Company FINANCIAL STATEMENT REQUIREMENTS
• All companies must lodge annual returns accompanied by audited accounts however this latter requirement can be dispensed with by company resolution.

Whilst every effort has been made to ensure that the details contained herein are correct and up-to-date, it does not constitute legal or other professional advice. We do not accept any responsibility, legal or otherwise, for any error or omission.

If you would like further information concerning COOK ISLANDS Company Incorporation, please contact our professionals and we will provide you with free advisory.

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• In order to meet different demands from clients, we are providing the following offshore company formation service Acting as a holding company International trade Investment .

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