Cook Islands
Capital: Avarua.
Official languages: English, Maori.
Currency: New Zealand dollar.
The jurisdiction is considered a classic tax-free haven. The Cook Islands is on the OECD white list. Please note that in the Cook Islands there is a statutory provision for asset protection. As a result, the authorities of this jurisdiction ignore decisions of foreign courts that relate to the property of offshore companies and trusts.
Company registration provides the following benefits:
- Capital authorizations are not subject to a minimum amount.
- Reports and accounting are not required.
- Favorable taxation.
- A stable and independent judicial system based on English law principles.
The Cook Islands are an archipelago and self-governing state of the same name in free association with New Zealand in the South Pacific Ocean in Polynesia. The jurisdiction's official language is English, but the local Maori language is also spoken.
Registering a company in the Cook Islands opens the door to tax advantages and a stable business environment in this tropical paradise.
The Cook Islands offer high privacy levels. Private information about company owners and directors is strictly confidential.
Features of taxation and reporting
- The income tax rate is 20%, non-resident companies pay tax at a rate of 28%.
- VAT for an offshore company is 0%.
- There is no capital gains tax.
Company registration
The time frame for company registration: 2 weeks.
The islands' most common forms of registration are the International Company, the standard form of an offshore company, and the Limited Partnership, which is used for joint business ownership and investment.
There are some features of opening an offshore company; a company can operate in areas permitted by law.
The company must have an office in the country, and a registered agent is required. The use of nominee services is permitted.
Remotely registering a company requires the following information:
- Choosing a company name: three options are required.
- Notarized copies of passports for two shareholders and two directors of the company.
- Confirmation of the company's office address.
- The company structure must have a secretary.
- Description of the type of activity/business.
How to register a Malaysian company quickly:
To quickly register Sdn Bhd in Malaysia, contact IT-OFFSHORE specialists. Our services cost includes:
- Preparation of documents (collection, filling, notarization, etc.).
- Company registration.
- Payment of all government fees.
- Registration agent services for 1 year with extension possibility.
- Translation services.
- Delivery of registration documents to any address.
The bottom line
The Cook Islands offer a favorable environment for starting a business with moderate regulations. However, when choosing a jurisdiction for a company, it is necessary to take into account not only current legislation but also its possible changes in the future. We recommend consulting with IT-OFFSHORE lawyers to avoid possible legal consequences and ensure compliance with the laws.
Our company offers comprehensive support for the company at all stages - from registration to full support of its activities. Besides assisting you with the legal registration of a company, we are also able to assist with many other tasks as well.
In particular, our scope of services includes maintaining accounting and tax records, providing nominee directors and shareholders, leasing a legal address, and obtaining all necessary licenses and permits for the company. Our company actually ensures that the business is operated in compliance with the laws of a given jurisdiction.
In particular, our scope of services includes the provision of nominee directors and shareholders, leasing of a legal address, and obtaining all necessary licenses and permits for the company. In fact, we ensure that the entire operation of the business is in accordance with local laws in the jurisdiction in question.
