Company formation in the Cook Islands

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The Cook Islands is a group of 15 islands in the South Pacific Ocean, northeast of New Zealand, with Rarotonga as the largest and most populous island. The capital, Avarua, serves as the administrative center.

Strategically located along key maritime routes, the Cook Islands facilitate access to the Asia-Pacific market, enabling businesses to reduce shipping costs. The economy is primarily driven by tourism, agriculture, and financial services, with the government actively promoting offshore business development.

The jurisdiction offers a favorable environment for foreign investors, featuring no corporate, capital gains, or income tax on profits earned outside the islands. With a strong legal framework based on British common law, the Cook Islands has established itself as a secure and confidential offshore financial center, making it an attractive option for international entrepreneurs and investors.

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Legal opinion on The Cook Islands as a Jurisdiction for Company Formation

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Ganna Voievodina

Manimama

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CEO

“The Cook Islands is a highly attractive jurisdiction for business registration, providing a favorable tax environment, strategic geographical location, and straightforward company registration procedures. The government actively supports foreign investors through flexible regulations and robust asset protection laws. Manimama is ready to assist you in registering a business in the Cook Islands, enabling you to leverage the benefits of this premier offshore jurisdiction”.

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Our Packages

Our comprehensive packages simplify the process of creating the perfect legal entity for your business, whether you are a small startup, non-profit or multinational. We will guide you through every step of the way, ensuring that your business starts on a solid foundation.

Company Formation

  • Company formation
  • Registered address for the 1st year
  • Annual accounting requirement bookkeeping
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Annual Services

  • Company renewal and registered address
  • Annual Government Tax
  • Mandatory Financial Beneficiary Report
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Other Services

  • Set of corporate documents (certified/apostille)
  • Nominal service for 1 year
  • Offshore banking
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Key Numbers about Incorporations

аt least 1

director in the company

2 weeks

average term of company formation

20-28%

corporate income tax (CIT) rate

0-30%

personal income tax (PIT) rate

15%

value-added tax (VAT) rate

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Set up Your Company in the The Cook Islands in Several Steps

  1. Step 1. Initial setup
    • Initiating a preliminary project assessment
    • Preparation and filing of the package of documents
  2. Step 2. Company registration
    • Choosing a suitable corporate entity
    • Appoint a local representative
    • Preparation of registration documents
    • Submitting documents to the Cook Islands Company Registry
    • Issuing of a Certificate of Incorporation and corporate documents
    • Opening a bank account
    • Obtaining business licenses.
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Requirements for Company Formation in The Cook Islands

Before deciding to set up a new company in The Cook Islands, read the information below to understand the characteristics of an International Limited Liability Company (LLC):

    The type of company is a Limited Liability Company (LLC).

    Number of directors/shareholders - A minimum of one director and one shareholder is required, which can be the same person.

    Share capital - There is no minimum capital requirement for an LLC, allowing for flexibility in investment.

    Liability - There is no minimum capital requirement for an LLC, allowing for flexibility in investment.

    Accounting - Companies are not required to maintain financial statements or undergo audits unless they are generating revenue in the Cook Islands. However, they should maintain adequate records to ensure compliance with applicable regulations.

    Taxes in the The Cook Islands

    Corporate income tax (CIT)

      The basic corporate income tax rate is 20% - a reduction or complete exemption is possible under certain conditions

      non-residents of the company pay income tax at the rate of 28%

    Personal income tax (PIT)

      An income tax is a tax imposed on individuals or business entities (taxpayers) in respect of their income or profits earned. Income tax rates may vary by the types or characteristics of the taxpayer and the type of income.

    • 0% - Income from $ 0.000.00 to $ 14,600.00
    • 17% - Income from $ 14,600.01 to $ 30,000.00
    • 27% - Income from $ 30,000.01 to $ 80,000.00
    • 30% - Income from $ 80,000.01 and above.
    Value added tax (VAT)

      The standard VAT rate is 15%

    Double taxation avoidance agreements in the Cook Islands: Australia, New Zealand.

    Start Your Company Formation Process with Manimama

    There are numerous reasons why Manimama is the leading company formation agent in the Cook Islands:

    Expertise in The Cook Islands Regulations

    • 1. Manimama has an in-depth understanding of the legal and regulatory framework of the Cook Islands.
    • 2. Our team ensures all legal requirements are meticulously met for a seamless company formation process.

    Local and International Experience

    • 1. With extensive experience in both local and international markets, Manimama can cater to a diverse range of business needs.
    • 2. Our expertise spans various industries, providing customized solutions for each client.

    Efficient and Timely Service

    • 1. We pride ourselves on our swift turnaround times, ensuring your company is registered promptly.
    • 2. Our efficient processes minimize delays and get your business up and running quickly.

    Client-Centric Approach

    • 1. Manimama prioritizes customer satisfaction by offering personalized support and guidance.
    • 2. Our dedicated team is always available to address any concerns and provide expert advice.

    Robust Network of Local Partners

    • 1. We have established strong relationships with local authorities, banks, and service providers.
    • 2. This network ensures that your business receives the best possible support and resources.

    Ongoing Compliance Support

    • 1. We provide continuous support to ensure your business remains compliant with the Cook Islands laws.
    • 2. Our team keeps you updated on any regulatory changes that may impact your company.

    Frequently Asked Questions

    • What is the most popular type of company that can be formed in the Cook Islands?
      The most popular type of company in the Cook Islands is Limited Liability Companies (LLC).
    • How long does it take to register a company in Cook Islands?
      The process usually takes 1-2 weeks, depending on the completeness of the documentation and the type of business.
    • Is there a residency requirement for directors or shareholders of a company?
      In Cook Islands, there is no specific residency requirement for directors or shareholders of companies, but the company must have a resident secretary.
    • Is there a minimum capital requirement for incorporating a company?
      No, there is no requirement for minimum share capital to establish an LLC in the Cook Islands.
    • Can I open a bank account with a Cook Islands company?
      Yes, it is possible to open a bank account for your company, but it typically requires more documentation and vetting due to international compliance standards. A registered agent can assist with this process.
    • Is my information private when registering a company?
      Yes, the Cook Islands provide strong privacy protections, and details about shareholders, directors, and beneficial owners are not disclosed in public registers.
    • Are there any tax benefits?
      The Cook Islands offers a tax-friendly environment for international businesses.
    Semen Kaploushenko

    Semen Kaploushenko

    KUNA, CBDO

    “Thanks to the Manimama team, my legal issues were resolved at the highest level”.

    kuna
    Vadym Grusha

    Vadym Grusha

    Trustee Wallet, CEO

    “My cooperation with Manimama OU was extremely positive”.

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    Yuriy Soshenko

    Yuriy Soshenko

    WhiteBit, CLO

    "The whole process was stress-free thanks to their professional work and individual approach”.

    kuna
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    Manimama as the Best Solution for Your Company Formation in The Cook Islands

    Choosing the right partner for company registration is crucial for a smooth and successful business launch. At Manimama, our legal experts specialize in navigating complex legal landscapes, providing holistic solutions tailored to your needs.

    Comprehensive Legal Expertise
    Since our inception, Manimama has been at the forefront of tackling intricate legal challenges with innovative and thorough solutions. Our team of dedicated lawyers evolves alongside our firm, reflecting our people-centric philosophy and commitment to excellence.

    Results-Driven Approach
    Manimama is a results-oriented law firm that offers an extensive array of legal services to both individuals and corporate entities. We pride ourselves on maintaining the highest standards of integrity and a "client-first" approach, leveraging our extensive skills and knowledge to achieve the best outcomes for our clients.

    Global Presence and Local Expertise
    Our journey began with the establishment of Manimama OU's first European office in Estonia, a country renowned for its progressive regulation of virtual currencies, international investments, fintech, and gambling sectors. Estonia’s favorable tax system and digital-friendly investment climate provided a robust foundation for our expansion.

    Community Commitment
    At Manimama, we believe in giving back to society and making a positive impact. Our commitment to social responsibility is integral to our operations, ensuring that we contribute to making the world a better place while helping our clients achieve their business goals.

    By choosing our company formation service in The Cook Islands, you are partnering with a law firm that values integrity, expertise, and client satisfaction. Let us help you set up your company in Panama and pave the way for your business success.

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