Valsen Corporate

Cook Island International Trust

  • Cook Island International Trust

  • The Cook Islands International Trusts Act, enacted in 1984, has long been the standard for international trusts. The asset protection features added to the legislation in 1989 attract much attention and have served thousands of families around the world. Asset Protection is just one use for the Cook Islands international trusts and it is often an added benefit rather than the reason for forming a trust in the Cook Islands.  The Cook Islands legislation is unique in that many of its features must be formally adopted in the trust agreement. This ensures clients a trust that best suits their personal or corporate circumstances.

  • Key Features

    Cook Islands  International Trust

    Corporate Details

    General
    • Type of entity

    International Trust
    • Type of law

    International Trusts Act 1984
    • Our time to establish a Trust

    2 weeks
    • Taxation of trust assets

    None
    • Double Taxation Treaty access

    No
    • Change of Domicile permitted

    Yes
    • Duration

    None
    • Restriction on Investment of Trust asset

    No
    • Succession

    As per Trust Deed

    Settlor
    • Requirements

    Should not be a resident of Cook Islands
    • Qualifications

     A trustee, a beneficiary or a protector of the trust.

    Beneficiary

    • Requirements

    Should not be a resident of Cook Islands
    • Qualifications

     A trustee, a beneficiary or a protector of the trust.
    • Property

    Should not include immovable property situated in the Cook Islands
    • Jurisdiction

    Cook Islands  Supreme Court
    • Forced heirship applicable

    No

    Trust asset
    • Restriction on type/amount

    No, except property situated the Cook Islands

     Trustee   
    • Minimum number

    1 if corporate and 2 or more if not corporate
    • Qualification

    No domestic trustee is required

    Accounts
    • Requirement to file

    Yes
    • Publicly accessible

    No