Cook Islands Offshore Companies and their Tax Liability

Cook Islands International Companies are exempt from all forms of taxation in the Cook Islands. There is zero taxation of all income, profits, dividends, royalties, compensation or other related sources of revenue

Resident companies would be subject to tax of 20% on its worldwide profits. The Cook Islands has agreed to implement the OECD Exchange of Information Treaty and to date has 11 treaties in place. This places them on the OECD grey list.

Cook Islands Offshore Company Banking

Offshore Formations 247 can incorporate Cook Islands offshore companies with a choice of offshore bank accounts at the time of formation. We work closely with a number of offshore banks, including HSBC and FBME Bank in Cyprus. Combining the two saves time and couldn't be simpler.

Cook Islands Offshore Company Formation / Registration

Offshore Formations 247 are able to incorporate a Cook Islands offshore company. Company formation normally takes 2 days to register a new company.

Cook Islands Offshore Company Anonymity and Disclosure

Principals or promoters of international companies may remain anonymous as there is no obligation to disclose any details of beneficial ownership of shares. Such anonymity is further guaranteed by virtue of the provisions of Section 8(5) of the Act which impose penal sanctions on any person who discloses information derived from an inspection of the records of an international company. The documents lodged with the Registrar of International Companies are only available for inspection by directors, members and debenture holders.

All companies must lodge annual returns accompanied by audited accounts unless the members of the Company (being a private company) resolve at each annual general meeting that auditors should not be appointed.

Cook Islands Offshore Company Shares

There are no minimum capital requirements and shares may hold no par value. Shares may be designated in most major currencies and bearer shares may be issued (but must be "immobilized" with a Cook Islands custodian, which can be a Trustee Company), unless this is prohibited by the Articles of Association.

Offshore Formation Background in Cook Islands Offshore Company

The Cook Islands are one of the lesser-known tax havens. The Cook Islands are extremely isolated geographically, located half way between New Zealand and Hawaii. The population is a mere 21,000! There are about 15,000 offshore entities and the sector has been growing quite rapidly in recent years.

A Cook Islands International Company has the same powers as a natural person. English is the official language of legislation and corporate documentation. The following restrictions apply to a company's trading and business activities: A Company cannot trade within the Cook Islands; A Company cannot engage in the business of banking or insurance unless licensed under the Offshore Banking Act or the Offshore Insurance Act

Offshore Tax Information in Cook Islands Offshore Company

Cook Islands Offshore Companies and their Tax Liability

Cook Islands International Companies are exempt from all forms of taxation in the Cook Islands. There is zero taxation of all income, profits, dividends, royalties, compensation or other related sources of revenue

Resident companies would be subject to tax of 20% on its worldwide profits. The Cook Islands has agreed to implement the OECD Exchange of Information Treaty and to date has 11 treaties in place. This places them on the OECD grey list.

Cook Islands Offshore Company Banking

Offshore Formations 247 can incorporate Cook Islands offshore companies with a choice of offshore bank accounts at the time of formation. We work closely with a number of offshore banks, including HSBC and FBME Bank in Cyprus. Combining the two saves time and couldn't be simpler.

Cook Islands Offshore Company Formation / Registration

Offshore Formations 247 are able to incorporate a Cook Islands offshore company. Company formation normally takes 2 days to register a new company.

Cook Islands Offshore Company Anonymity and Disclosure

Principals or promoters of international companies may remain anonymous as there is no obligation to disclose any details of beneficial ownership of shares. Such anonymity is further guaranteed by virtue of the provisions of Section 8(5) of the Act which impose penal sanctions on any person who discloses information derived from an inspection of the records of an international company. The documents lodged with the Registrar of International Companies are only available for inspection by directors, members and debenture holders.

All companies must lodge annual returns accompanied by audited accounts unless the members of the Company (being a private company) resolve at each annual general meeting that auditors should not be appointed.

Cook Islands Offshore Company Shares

There are no minimum capital requirements and shares may hold no par value. Shares may be designated in most major currencies and bearer shares may be issued (but must be "immobilized" with a Cook Islands custodian, which can be a Trustee Company), unless this is prohibited by the Articles of Association.

Corporate & Legal Information in Cook Islands Offshore Company

GENERAL

CORPORATE REQUIREMENTS

LOCAL REQUIREMENTS

ANNUAL REQUIREMENTS

RECURRING GOVERNMENT COSTS