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Cook Islands

International Company (Company limited by shares)

Companies incorporated in the Cook Islands under the International Companies Act 1981-1982 are entitled to do conduct economic activities internationally, except where activities are deemed as being illegal or require a license such as banking or insurance.

A Cook Islands International Company (IC) benefits from a fast registration procedure, strict privacy laws, anonymity, minimal reporting requirements and an exemption from all form of taxes.

The Cook Islands does not have a public registry of International Companies, and information can only be obtained with permission from the company itself. Furthermore, Cook Island IC share certificates can be issued in bearer form.

The Cook Islands has an asset protection legislation that is regarded as the most comprehensive and secure pieces of legislation in the world, ensuring the assets of foreign Cook Island investors, with provisions that restrict seizure, expropriation or confiscation of assets by foreign authorities or creditors.

The country has agreed to implement the OECD automatic exchange of information (AEoI) by 2018.

Cook Islands International Companies are commonly used for offshore savings and investments, international trade, wealth and fund management, forex and stock trading, IP holding, among others.

Taxes

Corporate income tax – Companies incorporated under the International Companies Act are exempt from all form of taxes. Trading income, investment income, capital gains, compensations, rents and royalties derived from outside the jurisdiction are exempt from taxation.

No withholding tax is levied on dividend, interest and royalty payments to non-residents.

Other taxes – In the Cook Islands there is no capital gains tax, inheritance tax or estate duty, capital transfer tax, gifts tax or wealth tax. The main tax on resident individuals is income tax at a maximum rate of 30% on income exceeding NZD 24,000.

There is VAT at 12.5 and a stamp duty on some official transactions. There are import duties ranging from 0%–150% percent, with an average effective rate of slightly over 10% on the CIF value of all imported goods.

  • Offshore Income Tax Exemption
  • Offshore capital gains tax exemption
  • Offshore dividends tax exemption
  • CFC Rules
  • Thin Capitalisation Rules
  • Patent Box
  • Tax Incentives & Credits
  • Property Tax
  • Wealth tax
  • Estate inheritance tax
  • Transfer tax
  • Capital duties
  • 0% Offshore Income Tax Rate
  • 0% Capital Gains Tax Rate
  • 0% Dividends Received
  • 0% Dividends Withholding Tax Rate
  • 0% Interests Withholding Tax Rate
  • 0% Royalties Withholding Tax Rate
  • 0 Losses carryback (years)
  • 0 Losses carryforward (years)
  • 30% Personal Income Tax Rate
  • 20 Tax Treaties

Country details

Cook Islands
NZD
Avarua
Oceania
e n - C K , m i
21388

The Cook Islands is an archipelago of fifteen small islands, located in the South Pacific Ocean, between Hawaii and New Zealand. It is member of the Commonwealth and it is freely associated with New Zealand. Cook Islands citizens are also New Zealand citizens.

The islands have a combined area of 236 sq. km, but the Exclusive Economic Zone occupies more than 1,800,000 square kilometers of ocean.

It is populated by about 21,000 inhabitants. Most of them living in Rarotonga Island, where is found its capital Avarua and its international airport.

Its official languages are the Cook Islands Māori and English. Its official currency is the Cook Islands dollar and the New Zealand dollar, the first pegged to the second.

The Cook Islands is a dependency with a representative parliamentary democracy, where the Chief Minister is the Head of State. The islands are self-governing in free association with New Zealand and are fully responsible for internal affairs. New Zealand retains some external affairs responsibilities, in consultation with the Cook Islands.

Its economy, like other South Pacific islands economies, is hampered by its isolation, lack of exploitable natural resources, a natural disaster-prone location, and poor infrastructure. Tourism is the main source of income and, to a lesser extent, the cultivation of tropical fruits and their processing, manufacture of clothing and handicrafts.

In addition to tourism, the other main economic sector is the offshore industry. The Cook Islands has an attractive legislation that makes it possible to set up tax free international companies, offshore banks, insurance companies and specially asset protection trusts.

Tax treaties

Country Type Date Signed
Netherlands TIEA 2009-10-23
Ireland TIEA 2009-12-08
Greenland TIEA 2009-12-16
Norway TIEA 2009-12-16
South Africa TIEA 2013-10-25
Iceland TIEA 2009-12-16
France TIEA 2010-09-15
New Zealand TIEA 2009-07-09
Faroe Islands TIEA 2009-12-16
Finland TIEA 2009-12-16
Denmark TIEA 2009-12-16
Sweden TIEA 2009-12-16
Korea, Republic of TIEA 2011-05-31
Mexico TIEA 2010-11-22
Czech Republic TIEA 2015-02-04
Australia TIEA 2009-10-27
Germany TIEA 2012-04-03
Greece TIEA 2013-02-12
Canada TIEA 2015-06-15
Italy TIEA 2011-05-17

Tax treaties Map

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Services

We can help you incorporate a International Company (Company limited by shares) in Cook Islands.
Please, contact us to request a free, no obligation consultation.

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