COOK ISLANDS COMPANY FORMATION
BANK ACCOUNTS
Cook Islands LLC. Cook Islands Offshore Company. Cook Islands Company Formation.
KGN Services specializes in Cook Islands Company Formation and opening bank accounts.
Cook Islands: Types of Company
– Cook Islands International Company
– Cook Islands LLC
Advantages of Cook Islands Company Formation
- Exemption from all local taxes and stamp duty
- Maximum confidentiality and anonymity
- Ease of operation, maintenance and control
- Asset security
- No disclosure or minimum capital requirements
- The minimum number of shareholders is one
- The minimum number of directors is one
- Corporate directors and shareholders are permitted
- Excellent and flexible post-incorporation follow-up services
- No statutory requirement to hold annual general meetings
Cook Islands Company – Overview
Principal Corporate Legislation
The International Companies Act 1981-1982, Limited Liability Company Act 2008.
Type of Law
Common.
Language of Legislation and Corporate Documents
English.
Cook Islands: Types of Company
- Cook Islands International Company
- Cook Islands LLC
Cook Islands International Company
Cook Islands LLC
Cook Islands International Company
Cook Islands International Company
Share Capital
Standard authorised share capital is US$5,000. Minimum paid up share capital is US$1.
Classes of Share Available
Registered shares, shares of no par value, bearer preference shares, redeemable shares and shares with or without voting rights.
Bearer Shares
Not permitted.
Restrictions on Trading
A Cook Islands Offshore Company cannot trade within the Cook Islands. Banking, insurance, assurance, reinsurance, fund management, collective investment schemes, trust management, trusteeship business provision are not permitted.
Registered Agent Required
Each Cook Islands Company must have a Licenced Registered Agent in the Cook Islands.
Registered Office Required
Each Cook Islands Company must have a Registered Office in the Cook Islands provided by a Licenced Registered Agent.
Directors
A Cook Islands offshore company requires a minimum of one director. Director can be of any nationality and need not be resident in the Cook Islands. Corporate directors are permitted.
Shareholders
A Cook Islands offshore company requires a minimum of one shareholder.
Publicly Accessible Records
No.
Nominee Shareholders and Nominee Directors
Allowed.
Location of Meetings of Directors and Shareholders
Anywhere.
Personal Presence Required
No.
Taxation
Nil.
Double Taxation Treaty Access
None.
Requirements to File Accounts
None.
Requirement to File Annual Return
None.
Audit Requirements
None.
Exchange Control
None.
Language of Name
English.
Restricted Words
Words such as “Assurance”, “Bank”, “Building Society”, “Royal”, “Trust Company”, “Trustee Company” etc. will require justification.
Name of a Company
The words “Limited” or “Ltd” must be part of the name of every Cook Islands company.
Time to Incorporate
Five days.
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Questions? Need Advice?
Make an enquiry or request a confidential callback or chat with us.
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Cook Islands International Company Formation Prices
Cook Islands International Company Formation Package Includes:
- Company Name Check
- Initial Business Approval
- Preparation of Application Documents
- Company Registration Fee
- Registered Office Address for 1 year
- Registered Agent Services for 1 year
- Government filing fee
- Certificate of Incorporation
- Memorandum & Articles of Association
- Minutes of first meeting appointing the director(s)
- Share Certificate(s)
- Register of shareholders
- Register of directors
Starting at: $2590
Cook Islands LLC
Cook Islands LLC
Share Capital
Standard authorised share capital is US$5,000. Minimum paid up share capital is US$1.
Classes of Share Available
Registered shares, shares of no par value, bearer preference shares, redeemable shares and shares with or without voting rights.
Bearer Shares
Not permitted.
Restrictions on Trading
A Cook Islands LLC cannot trade within the Cook Islands. Banking, insurance, assurance, reinsurance, fund management, collective investment schemes, trust management, trusteeship business provision are not permitted.
Registered Agent Required
Each Cook Islands LLC must have a Licenced Registered Agent in the Cook Islands.
Registered Office Required
Each Cook Islands LLC must have a Registered Office in the Cook Islands provided by a Licenced Registered Agent.
Directors
A Cook Islands LLC requires a minimum of one director. Director can be of any nationality and need not be resident in the Cook Islands. Corporate directors are permitted.
Shareholders
A Cook Islands LLC requires a minimum of one shareholder.
Publicly Accessible Records
No.
Nominee Shareholders and Nominee Directors
Allowed.
Location of Meetings of Directors and Shareholders
Anywhere.
Personal Presence Required
No.
Taxation
Nil.
Double Taxation Treaty Access
None.
Requirements to File Accounts
None.
Requirement to File Annual Return
None.
Audit Requirements
None.
Currency
New Zealand Dollar (NZD).
Exchange Control
None.
Language of Name
English.
Restricted Words
Words such as “Assurance”, “Bank”, “Building Society”, “Royal”, “Trust Company”, “Trustee Company” etc. will require justification.
Name of a Company
The words “Limited Liability Company” or “LLC” must be part of the name of every Cook Islands company.
Time to Incorporate
Five days.
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Cook Islands LLC Formation Prices
Cook Islands LLC Formation Package Includes:
- Company Name Check
- Initial Business Approval
- Preparation of Application Documents
- Company Registration Fee
- Registered Office Address for 1 year
- Registered Agent Services for 1 year
- Government filing fee
- Certificate of Incorporation
- Memorandum & Articles of Association
- Minutes of first meeting appointing the director(s)
- Share Certificate(s)
- Register of shareholders
- Register of directors
Starting at: $1790
Why Choose KGN Services?
We’ve been helping business owners since 1996Incorporating your business is our focus
We make a complex process fast and easy
We work closely with Companies Registries to guarantee our service
Fastest offshore companies & accounts – Most competitive pricing worldwide
Services related Cook Islands Company Formation
KGN Services provides the following services related to Cook Islands Company Formation:
- Cook Islands Company Formation
- Registered Office and Agent Services
- Company Secretarial Services
- Nominee Shareholder/Nominee Director
- Opening of Bank Accounts
- Full Company Administration Services
- Mailing Address in the Cook Islands
- Trademark Registration
Cook Islands – General Information
Location: Oceania, group of islands in the South Pacific Ocean, about halfway between Hawaii and New Zealand.
Area: total: 236 sq km, land: 236 sq km, water: 0 sq km. …
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Natural resources: Coconuts (copra).
Population: 9,290 (July 2017 est.).
Capital: Avarua.
Time Zone: UTC−10.
Languages: English (official), Cook Islands Maori (Rarotongan) (official).
Dependency status: Self-governing in free association with New Zealand; Cook Islands is fully responsible for internal affairs; New Zealand retains responsibility for external affairs and defense in consultation with the Cook Islands.
Government type: Self-governing parliamentary democracy (Parliament of the Cook Islands) in free association with New Zealand.
Legal system: Common law similar to New Zealand common law.
International organization participation:ACP, ADB, AOSIS, FAO, ICAO, ICCt, ICRM, IFAD, IFRCS, IMO, IMSO, IOC, ITUC (NGOs), OPCW, PIF, Sparteca, SPC, UNESCO, UPU, WHO, WMO.
Economy: Like many other South Pacific island nations, the Cook Islands’ economic development is hindered by the isolation of the country from foreign markets, the limited size of domestic markets, lack of natural resources, periodic devastation from natural disasters, and inadequate infrastructure. Agriculture, employing more than one-quarter of the working population, provides the economic base with major exports of copra and citrus fruit. Black pearls are the Cook Islands’ leading export. Manufacturing activities are limited to fruit processing, clothing, and handicrafts. Trade deficits are offset by remittances from emigrants and by foreign aid overwhelmingly from New Zealand.
Currency: NZ dollar (NZD).
KGN Services | Cook Islands LLC | Cook Islands Company | Cook Islands Offshore Company | Cook Islands Company Formation
Tags: Cook Islands Company Formation | Cook Islands offshore | opening of a company on the Cook Islands
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Requirement to File Annual Return
