FIDULINK COOK ISLANDS
Presentation of Cook Islands
State of the Pacific Ocean, Cook Islands, are autonomous states, but in free association with New Zealand. They consist of 15 Islands in the South Pacific. They count about 20 000 inhabitants, who usually speak two languages: English and Maori. Its main sources of income are agriculture (copra, citrus) and tourism. It is important to note that the Cook Islands welcome nearly 100 000 foreign tourists every year.
Administration and politics
Being a territory attached to New Zealand, the Queen of the United Kingdom represents the Cook Islands Head of State. Cook Islands is administered by the Prime Minister and ministers appointed by the Queen's Representative. Legislative power is exercised by Parliament.
Although having privileged bilateral relations with New Zealand, the Cook Islands have relations with other great powers: China, the United Kingdom, or Germany. Cook Islands is also a member of WHO, UNESCO and FAO.
Historically, the economy of the Cook Islands is based on tourism. However, the offshore sector tends to contribute more to the current economic growth of the jurisdiction. Many offshore structures currently exist in the islands: banks, insurance companies, and institutions specialized in fund management.
In addition, Cook Islands offers many financial advantages to companies seeking a less restrictive taxation. Measured tax rates and favorable banking laws allow offshore companies to thrive in the Cook Islands.
What about taxation in the Cook Islands?
In the Cook Islands, all offshore companies operating in its territory are exempt from taxes. That is to say that there is no tax based on turnover. In addition, these offshore companies do not pay any tax on capital gains or dividends. In addition to these privileges, companies are not required to present or even keep accounts.
Cook Islands Companies and Benefits
Except for the exemption on several taxes, the offshore companies incorporated in Cook Islands also benefit from the following advantages:
Why create a company in Cook Islands?
How to incorporate a company in Cook Islands
La incorporation of a company in the Cook Islands is possible from any country.To achieve this, foreign investors are brought to use the services of specialized providers, or to professional advisors in the development of an offshore company. Regarding the creation in question, a physical presence in the Cook Islands is not essential. All steps with the authorities can obviously be done remotely through service providers.
More information on starting a business in the Cook Islands?
The conditions for starting a business in the Cook Islands
For investors who want to set up an offshore company in the Cook Islandsthey are advised to start an offshore business in the form of IBC. It will also require a shareholder, regardless of nationality. In addition to these clauses, the opening of an offshore company in the Cook Islands requires a Director or at least one manager. In this structure, it is not mandatory to block the capital of a company on a bank account.
For the name of the company, the use of the qualifiers "bank" or "trust" is prohibited. The articles and documents of a company in the Cook Islands must be written in English. Of course, certified translations are valid.
Our experts in business creation and management in the Cook Islands are available from Monday to Friday from 9: 00 to 19: 00
Virtual Office for Cook Islands Company
You do not have to move to the country of destination for the creating a company. Have a virtual office presenting the company on the spot may suffice. The layout of your virtual office will be done by us. Thus, for your commercial exchanges with your customers, we put at your disposal an offer which includes all the coordinates with the Cook Islands. This service includes the fax, the business address and the international telephone number. Regarding the area code, you can choose the one that suits you the most.
The coordinates of the virtual office
When setting up your virtual office in the Cook Islands, we will support the online opening of your business details. These will appear as official contact information for your offshore company. They will represent your company in the Cook Islands. In other words, they will serve as domiciliation of your company in the Cook Islands. We will make a periodic return to the name and address you provided us before. How to benefit from this offer ? Just a subscription for a month 12 subscription is enough. It will be active (under 5 days maximum), as soon as your payment will be effective.
A fax number with an optional area code
An international dialing code is offered with this fax number. By means of this number, you can send and receive faxes according to your needs via the e-mail you have provided. Thus, all your recipients will receive your messages that will carry your fax number. In other words, your virtual office in the Cook Islands allows you to enjoy the services of a fax. To take advantage of this offer, you will simply need to subscribe to 12 months.
A phone number
In addition to these two offers, you also have a phone number. This line is the telephone number of your virtual office in the Cook Islands. With this number, all incoming and outgoing calls will be redirected to your mobile or landline number. You can manage, according to your needs, the message center. Also, voicemail messages stored in your voicemail from your international number will be transferred as an attachment in your email. You can listen and listen to your recorded messages again. In addition, you can also view your messages, via your mobile or landline, with the digital messaging system. A subscription of 12 months gives access to this service. After 5 business days after your payment, it will be active.
Included in the Cook Islands Virtual Office Formula
Opening bank account in Cook Islands
The opening of a Bank account aims to enjoy tax benefits. For this, the Cook Islands are a privileged jurisdiction for foreign investors who want to make their professional activities profitable. With its active economy, fiscal strengths and political stability, open up a bank account in the Cook Islands becomes more than interesting.
The banking sector in the Cook Islands: its specificities
Due to the fiscal attractiveness of the country, many foreign investors are opening up a bank account in the Cook Islands. As a result, capital from the Cook Islands banking system comes largely from foreign funds. Several banking institutions specialize in investment management. They each have their singularities, their advantages in relation to each other. However, before opening an account, it is wise to call on the know-how of the experts at the local bank. They will be able to find for each client an establishment adapted to his profile.
The file for opening an account in the Cook Islands
The files to be submitted to the banks for the opening of a bank account in the Cook Islands do not differ from those of other jurisdictions. They require supporting documents, less than three months old: copy of directors' identity documents (passport or card), proof of address (electricity bill or landline bill, etc.), curriculum vitae detailing the academic background and professional leaders. However, companies that wish to open a bank account in the Cook Islands, in addition to the files justifying the identity of the person signing the account, must provide the following documents: the executive summary and the business plan. It is important to note that bank references are also to be presented to the institution, where the investor wishes to open an account.
Costs related to opening a bank account in the Cook Islands
The costs ofopening a bank account in the Cook Islands vary according to the banks. Some institutions charge commissions up to 7,22 euros.
Open a bank account for your business in the Cook Islands
Cook Islands Company Accounting
Fidulink offers its clients a business accounting service in the Cook Islands, a real day-to-day support for a Francophone cost accounting expert at the Cook Islands in Avarua. Corporations in Canada must maintain up-to-date accounting throughout their lives.
Accounting and Company Analysis in the Cook Islands
Our firm offers its clients to keep their business accounts up to date in the Cook Islands, with the advantage of having a French accountant at your disposal from Monday to Friday from 9: 00 to 17: 00.
An everyday accounting service for your business in the Cook Islands
Because we know it's important to have a daily business accounting, our accounting department offers a complete Cook Islands company accounting package for companies of all sizes and businesses.
Tax exemption & Corporate Tax Optimization in the Cook Islands
Fidulink offers a complete business tax exemption service in the Cook Islands, as well as a comprehensive tax optimization package for the Cook Islands-based entrepreneur and business.
Accounting service for your business in the Cook Islands