Cook Island IBC

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.