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registration of legal entity

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1555.00 USD 1500.00 USD 1 0.00%0-20% Нет Нет

How to register company on the Cook Islands

ostrov_kuka_0.jpgThe Cook Islands is an archipelago located in Oceania. More specifically, the islands are situated between New Zealand and Hawaii, in the southern part of the vast Pacific Ocean.

The northern part of the archipelago is represented by islands of volcanic origin, the southern part - by coral atolls. The archipelago is famous for its exuberant and diverse culture. Each island has its own traditional crafts and customs. The islands are especially known for traditional dance festivals.

The Cook Islands does not suffer from numerous tourist visits. They attract those who are ready to see what Polynesian lands were before the Europeans came there.

The area of the islands is 240 km2.

Approximately 21 thousand people inhabit the territory of the state.

Avarua is the capital of the Cook Islands. The official language is English, and the local Maori language is also widely used.

The New Zealand dollar is the local monetary unit.

According to its state structure, the Cook Islands is a parliamentary democracy (self-governing one).

English law underlies the local legal system. The country signed the Hague Convention.

The basis of the economy of the islands is tourism, agriculture, and fishing. The natural resources of the state are limited. Therefore, it regularly receives financial assistance from New Zealand.

Jurisdiction is also popular among those tending to register offshore company on the Cook Islands.

The legislative framework on the Cook Islands

  • Law on International Companies (1981-1982);
  • Law on Limited Liability Companies (2008).

Forms of doing business on the Cook Islands

Company formation on the Cook Islands makes sense and can bring huge benefit to its owner.
The most convenient variant for doing business in the Cook Islands is the International Company.

Peculiarities of offshore company on the Cook Islands

  • The company can conduct any activities permitted by law;
  • The company shall have registered office and registration agent in the territory of the islands;
  • The name of the company on the Cook Islands should include the word Limited or the abbreviation Ltd;
  • The amount of the authorized capital shall be equal to $ 5000. It is not necessary to pay it;
  • Issue of bearer shares is not allowed;
  • It is allowed to issue shares without declared par value;
  • The minimum number of directors and shareholders (natural persons or legal entities) is 1 person;
  • Nominee service is allowed (including directors and shareholders);
  • Information on offshore banking transactions on the Cook Islands, as well as on the owners of the company is not available to third parties. Only the decision of the local court can cause its disclosure;
  • Meetings of shareholders and directors can be held anywhere in the world;
  • Owners of the company shall personally decide upon the place of storage of documents;
  • There is no currency control;
  • The terms of registration for offshore company on the Cook Islands is approximately two weeks after filing of all necessary documentation.

Bookkeeping on the Cook Islands

The company is not obliged to maintain accounting records and submit annual reports.

Taxes on the Cook Islands

Offshore company on the Cook Islands is completely exempt from the tax burden.

In order to start cost-efficient international business, it is possible to register or buy offshore company on the Cook Islands today. Offshore registration on the Cook Islands is not difficult task for us. Registration of companies, trusts, partnerships throughout the world is important direction of our company's work.

Our professional lawyers will help You to register company on the Cook islands. 

Set of documents
   
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Nominee director and shareholder
   
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General information
Square236.00
Population10 777.00
CapitalAvarua
State polityself-governing parliamentary democracy
Telephone code682
locationOceania, group of islands in the South Pacific Ocean, about half way between Hawaii and New Zealand
ClimateTropical oceanic; moderated by trade winds; a dry season from April to November and a more humid season from December to March; avg. maximum temperature (January) +29°; avg. minimum temperature (July) +24°
Literacy rate95.00%
Ethnic groupsCook Island Maori (Polynesian) 87.7%, part Cook Island Maori 5.8%, other 6.5% (2001 census)
National currencyNZ dollars
USD exchange rate1.24
GDP per capita116
Official languageEnglish
Credit ratingBB
The judiciarysuperior court
Executive authorityHead of government: Prime Minister. Government: Cabinet of Ministers appointed by the prime minister; are collectively responsible to Parliament.
Legislative authoritiesbicameral Parliament: House of Chiefs (House of Ariki), the lower chamber (24 seats)
Corporate information
Opportunity to purchase ready-made companiesNo
Legal systemBased on English Common Law
The use of the Cyrillic alphabet in the nameNo
Local registered officeYes
Organizational and Legal FormsDOMESTIC LIMITED COMPANY INTERNATIONAL BUSINESS COMPANY REGISTERED LISTED COMPANY FOREIGN COMPANY LIMITED PARTNERSHIP TRUSTS
Indication of BPA in the nameLimited, Corporation, Incorporated, Societe Anonyme, Sociedad Anonima, etc.
Local registered agentYes
Shares and share capital
Standard currencyNZ dollars
Bearer sharesNo
The usual size of the authorized capital5,000
Possibility to issue shares without par valueNo
Taxation
VATNo
Basic corporate tax rate0.00%
Basic corporate tax rate0-20%
Capital gains taxNo
Currency controlNo
Corporate tax rates details28% rate applies to nonresident companies.
Stamp dutyNo
Director and Secretary
Minimum number of directors1
The requirement for residency directorsNo
Director of legal entities are allowedYes
The data reveals to the local agentYes
Data field to the public registryNo
The requirement for the presence of the SecretaryYes
Requirement to the residense of the SecretaryNo
Requirements to qualification of the SecretaryNo
Legal entity as the SecretaryNo
Shareholder and beneficiary
Minimum number of shareholders1
Data is entered in the public registerNo
Shareholders residency requirementNo
Information about the beneficiary is disclosedNo
Information may be disclosed to the local agentYes
Shareholders-legal entities are acceptableYes
Reporting
The requirement for filing reportsNo
Open access to reportsNo
Statutory auditNo
The requirement for filing Annual ReturnNo
Open access to the Annual ReturnYes
The requirement for reportsNo
Treaty on avoidance of double taxation (States which signed)12
Membership in the OECDNo
Is it offshore according to Russian legislationYes
Trademark Registration
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