Open an offshore account

COOK ISLANDS

Cook Islands are an ideal territory to manage your financial assets safely.

Details

Country Name: Cook Islands
Location: Pacific
Best for: VAT

You will benefit from tax exemption for offshore companies.

Why open a Bank Account in Cook Islands?

This jurisdiction is one of the most prosperous and dynamic Pacific islands. They are among the richest jurisdictions in the Pacific. The country’s economy is initially centered on tourism, which accounts for nearly 40% of GDP.

There has also been a development of the offshore industry sector through flexible and attractive tax legislation. Fisheries, agriculture and the pearl industry are the secondary sectors of the Cook Islands economy.

Instant Results

The Cook Islands are an interesting tax jurisdiction. For onshore companies, the corporate tax is 20% and the income tax can vary up to 30%. Owning an offshore company in the Cook Islands offers many advantages similar to those of other tax havens.

Indeed, offshore companies are exempt from all taxation. They have only a stamp duty to pay and the VAT, which is 12.5%.

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Analysing Our Problem

Thus, there is political and legal stability in this jurisdiction, due to a legal system based on common law, as well as security and reduction of taxes. It is not necessary to keep accounts but any offshore company in the Cook Islands must have a local secretary. In addition, the Cook Islands are on the OECD White List on cooperative tax jurisdictions. Finally, it should be noted that the Cook Islands have not signed treaties of double taxation, but treaties of exchange of tax information with some countries.

Creating A Custom Solution

The banking sector in the Cook Islands is not very developed, but some international banks have settled there. The legislation and stability of the country have turned it into an attractive and secure jurisdiction. Asset protection is necessary in the business world and the Cook Islands are therefore an ideal territory to manage your financial assets safely.

The Results

Structuring your business for better financial performance.

Increase In profits

Increase IN security

Simplified reporting

Decrease in operations

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About Cook Islands

The Cook Islands are located in the Pacific Ocean. This state is composed of fifteen islands and extends over 240 km2. It has fewer than 20,000 inhabitants, making it one of the least populated independent states in the world. The Cook Islands is a State recognized by the United Nations as a State in free association with New Zealand and non-member of the United Nations.

The capital of the country is Avarua and is located on the island of Rarotonga. The political system of the Cook Islands is a parliamentary monarchy with Queen Elizabeth II as head of state, represented by a governor. The official language of the country is English.

Our Process
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Identification of your needs, consultation.

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Analysis and strategy development.

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Fast and smooth service delivery.

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Professional support.

CALAY Guarantee

CALAY Banking™, with its more than 20 years experience in offshore banking, can help you in this process and guarantee you the opening of an account quickly.

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