The Cook Islands is an archipelago of fifteen small islands, located in the South Pacific Ocean, between Hawaii and New Zealand. It is member of the Commonwealth and it is freely associated with New Zealand. Cook Islands citizens are also New Zealand citizens. The islands have a combined area of 236 sq. km, but the Exclusive Economic Zone occupies more than 1,800,000 square kilometers of ocean. It is populated by about 21,000 inhabitants. Most of them living in Rarotonga Island, where is found its capital Avarua and its international airport. Its official languages are the Cook Islands Māori and English. Its official currency is the Cook Islands dollar and the New Zealand dollar, the first pegged to the second.
Its economy, like other South Pacific islands economies, is hampered by its isolation, lack of exploitable natural resources, a natural disaster-prone location, and poor infrastructure. Tourism is the main source of income and, to a lesser extent, the cultivation of tropical fruits and their processing, manufacture of clothing and handicrafts.
In addition to tourism, the other main economic sector is the offshore industry. The Cook Islands has an attractive legislation that makes it possible to set up international companies, offshore banks, insurance companies and specially asset protection trusts. Allowing to an extent the anonymity of the beneficiaries of companies and trusts registered in the jurisdiction.
At Flag Theory, we are committed to offer the world’s best options to diversify your personal and business finances to get more privacy, freedom and wealth. Below, you will find further information about Cook Islands trusts, offshore companies, offshore banking and residency options in this South Pacific paradise spot.
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