Cook Island LLC

A Cook Islands LLC (Limited Liability Company) formation is a flexible, offshore, international LLC company model that gives a broad foundation, allowing the company to form its structure according to its own rules, rather than through a rigid mandate.  Company model that gives a broad foundation for overseas business operations.

http://offshore-companiesonline.com/about-cook-islands

An LLC is a blend of both partnership and corporate structures by providing a layer of limited liability, protecting owners from the debts incurred by the LLC. A Cook Islands LLC offers further protection from the strong arm of foreign governments and creditors, by separating the rights of its members and that of the overseas LLC. A Cook Islands LLC coupled with an International Trust is the strongest, single-jurisdiction offshore asset protection product currently available.

Key Features

Cook Island LLC	Corporate Details
General
Type of Entity	Limited Liability
Governed by	Limited Liability Companies Act 2008
Registered Office in Cook Islands	No (but must have a registered local agent)
Our time to establish a new company	3 days
Minimum government fees (excluding taxation)	USD $200
Corporate Taxation	No
Access to Double Taxation Treaties	No
Managers
Minimum number	One
Local required	No
Publicly accessible records	No
Location of meetings	Anywhere
Corporate directorship allowed	Yes
Members
Minimum number	One
Publicly accessible records	No
Corporate shareholder allowed	Yes
Location of meetings	Anywhere
Company Secretary
Required	No
Local or qualified	No
Accounts
Requirements to prepare	No
Audit requirements	No
Requirements to file accounts	No
Publicly accessible accounts	No
Other
Requirement to file annual return	Yes
Migration of domicile permitted	Yes

Advantages

1. Annual filing of accounts are not required
2. Shareholders and Directors is known only by the trustee company
3. Foreign creditors are limited in their capacity
4. Members and Managers cannot be held liable for the debts of the LLC
5. Flexibility of LLC structure as defined by the LLC rather than a restricting legislative mandate
6. The LLC can be managed by the members or by managers independent of the members
7. Single Member LLCs are permitted
8. No requirement for local presence
9. Transfer of existing LLCs to the Cook Islands is possible

The Valsen Advantage

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