Cook Island IBC

A Cook Islands International Company (IC) or International Business Company (IBC) as it is referred to in other jurisdictions, is an offshore entity giving individuals and corporations numerous advantages such as security, anonymity, and tax planning benefits. Companies incorporated in the Cook Islands enjoy structural flexibility and simple administrative procedures in a highly secure and confidential location. There are minimal reporting and regulating restrictions with comprehensive protective offshore laws that ensure client security and confidentiality. There are no other offshore jurisdictions that can boast of such extensive asset protection measures—the Cook Islands are truly the safest place in the world.

 

Key Features

Cook Islands IBC

Corporate Details

General

  • Type of Entity

International

  • Governed by

The International Companies Act 1981-1982
Limited Liability Company Act 2008

  • Registered Office in the Cook Islands

Yes

  • Shelf company availability

Yes

  • Our time to establish a new company

3 days

  • Minimum government fees (excluding taxation)

USD $300.00

  • Corporate Taxation

No

  • Access to Double Taxation Treaties

No

Share capital or equivalent

  • Standard currency

NZD New Zealand Dollar (NZD 1.15 = USD 1.0)

  • Permitted currencies

Any

  • Minimum paid-up

No minimum

  • Usual authorized

USD $5,000

  • Bearer shares allowed

Yes

  • No par value shares allowed

Yes

Directors

  • Minimum number

One

  • Local required

No

  • Publicly accessible records

No

  • Location of meetings

Anywhere

  • Corporate directorship allowed

Yes

Shareholders

  • Minimum number

One

  • Publicly accessible records

No

  • Corporate shareholder allowed

Yes

  • Location of meetings

Anywhere

Company Secretary

  • Required

Yes

  • Local or qualified

Yes

Accounts

  • Requirements to prepare

Yes

  • Audit requirements

No (by resolution)

  • Requirements to file accounts

No (by resolution)

  • Publicly accessible accounts

No

Other

  • Requirement to file annual return

Yes

  • Migration of domicile permitted

Yes

 

Advantages

  1. Zero tax
  2. Political and economic stability
  3. The world’s most secure asset protection trust legislation
  4. Minimum disclosure requirements
  5. Currency diversification
  6. Limiting personal liability
  7. Flexible requirements
  8. Minimum financial reporting requirements

 

The Valsen Advantage

  1. Speedy, Efficient and consistent Services.
  2. Relentless effort to obtain bank accounts.
  3. Expert advice on structuring options.
  4. Dedicated ongoing compliance support.