set up company cook islands

Incorporate in Cook Islands

$2,350.00

Set up a Cook Islands Company

The Cook Islands’ Limited Liability Companies Act was enacted in 2008 to enhance its offshore sector offer. Following the model adopted in several U.S. States, a Cook Islands LLC is a flexible entity that allows to form its structure according to its operating agreement, rather than dictated by rigid legal statutory mandates.

A Cook Islands LLC is a hybrid of both partnership and corporate structures, protecting LLC members from the debts incurred by the entity and separating the rights of its members and that of the LLC.

Besides the aforementioned structural flexibility, Cook Islands LLCs benefits from confidentiality, no reporting requirements, and tax-exemption.

The Cook Islands are an offshore financial destination distinguished for its asset protection laws, ensuring the assets of foreign Cook Island investors.

A creditor cannot issue a charging order or interfere with the operations of an LLC nor seize, liquidate or force the dissolution of the company, any member of a Cook Islands LLC with a charging order can still act and exercise their rights as a member and any order that is a result of judgment in another location outside of the Cook Islands will not be enforced or recognized in the courts of Cook Island.

A Cook Islands LLC used in conjunction with a Cook Islands International Trust, may be one of the best asset protection tools available worldwide.

In the Cook Islands, the two most common corporate structures are the International Company (IC), incorporated under the International Companies Act 1981-1982, and the Limited Liability Company (LLC), registered under the Limited Liability Companies Act 2008.

Since 2019, we mainly incorporate limited liability companies as they still maintain tax-exempt status.

Note that our incorporation and annual corporate service fees are “all-included fees”, and cover all the required services to incorporate a Cook Islands Company, and keep it in good standing, as well as government fees and duties, disbursements such as courier fees, and assignments such as the preparation of a certificate of incumbency, and the notarization of documents, which are generally required for opening bank accounts.

Cook Islands Company (LLC) Formation and First-Year Fees – USD 2,350.00 (All Included)

  • All Applicable Registration and Government Fees (Registrar of Companies)
  • Acting as the Organizer of the Limited Liability Company
  • Filing the Company with the Registrar of Companies
  • Providing the Certificate of Organization issued by the Registrar
  • Providing the Entity Extract
  • Preparing the company Operating Agreement (including unlimited reviews)
  • Preparing the Register of Members and Register of Managers
  • Providing Registered Agent Services for one year
  • Providing Registered Office Services, including service address, for one year
  • Preparing and executing a Certificate of Incumbency
  • Preparing Notarized Copies of the Corporate Documents
  • Delivering Notarized copies of the Corporate Documents via Courier, inclusive of Courier fees

Cook Islands International Company (IC) Formation and First-Year Fees – USD 2,750.00 (All Included)

  • All Applicable Registration and Government Fees (Registrar of Companies)
  • Preparing the Memorandum & Articles of Association, and file them with the Registrar of Companies
  • Providing the Certificate of Incorporation issued by the Registrar, and the filed M&AA
  • Providing the Entity Extract
  • Preparing the First Board Resolution resolving the issuance and allotment of shares, the appointment of directors, registered office, and other corporate matters.
  • Preparing the Directors’ Acceptance Letter
  • Preparing the Register of Members and Register of Managers
  • Providing Registered Agent Services for one year
  • Providing Registered Office Services, including service address, for one year
  • Preparing the Shares Certificates
  • Preparing and executing a Certificate of Incumbency
  • Obtaining Tax Identification Number
  • Preparing Notarized Copies of the Corporate Documents
  • Delivering Notarized copies of the Corporate Documents via Courier, inclusive of Courier fees

Time to form

It generally takes us one day to prepare the incorporation documents and file the company with the Registrar. The Registrar generally issues the Certificate of Organization/Incorporation and Entity Extract within the same day or the following day.

Bank Account Opening Services (Optional)

We can open bank accounts for Cook Islands companies in the following jurisdictions:

  • Cook Islands Bank Account (1 Bank, Remotely) – USD 600.00 – Brokerage Accounts available
  • Mauritius Bank Account (3 Banks, Remotely) – USD 600.00 – Debit/Credit Cards Available
  • Labuan Bank Account (1 Bank Remotely) – USD 500.00
  • Bahamas Bank Account (2 Banks, Remotely) – USD 500.00 – Brokerage Accounts Available
  • Curaçao Bank Account (2 Banks, Remotely) – USD 500.00 – Debit/Credit Cards Available
  • Singapore Bank Account (5 Banks, Remotely) – USD 900.00 – Debit/Credit Cards Available – Remote account opening available due to COVID-19
  • Hong Kong Bank Account (3 Banks, In-person) – USD 2,000.00 – Debit/Credit Cards Available
  • Armenia Bank Account (1 Bank, Remotely) – USD 1,200.00 – Debit/Credit Cards and Brokerage Accounts Available
  • Turkey Bank Account (1 Bank, Remotely) – USD 1,200.00 – Debit/Credit Cards and Brokerage Accounts Available
  • New York (US) Bank Account (2 Banks, Remotely) – USD 2,000.00 – Debit/Credit Cards and Brokerage Accounts Available
  • Cayman Islands Bank Account (5 Banks, Remotely) – USD 900.00 – Brokerage Accounts and Debit/Credit Cards Available
  • Puerto Rico Bank Account (2 Banks, Remotely) – USD 300.00 – Debit/Credit Cards Available and Brokerage Accounts available
  • Antigua Bank Account (2 Banks, Remotely) – USD 300.00 – Debit/Credit Cards Available
  • Belize Bank Account (1 Bank, Remotely) – USD 300.00 – Prepaid Cards Available
  • Saint Lucia Bank Account (1 Bank, Remotely) – USD 300.00
  • Dominica Bank Account (2 Banks, Remotely) – USD 300.00 – Debit/Credit Cards Available
  • UK, Latvia and Lithuania Electronic Money Institution Account (8 EMI’s, Remotely) – USD 300.00 – Debit/Credit Cards Available

In addition to the above jurisdictions, we may be able to open bank accounts in Cyprus, Gibraltar, Luxembourg, Liechtenstein, Lithuania, Latvia, Switzerland, and the Netherlands for Cook Islands holding companies and private wealth structures (no commercial activity) and Cook Islands companies conducting commercial activities via a branch office in the EEA. The availability of such accounts depends on a number of specific factors. Contact us for further information.

All our bank account options provide for accounts in major currencies (USD, EUR, GBP, CHF, etc) as well as internet banking facilities. Note that “Remotely/In-person” means whether the account can be opened remotely or a personal visit to the bank is required to finalize the application.

Our bank account opening service is not just a mere introduction to the bank. We assist you in filling out the business plan forms appropriately and help you understand and provide business details, commercial information, and purpose/use of the bank account that a given bank wants to know in order to approve your account application.

Banks want certainty and clarity on how the account will be used. Everything must be watertight. We will work with you to make sure there is minimal ‘back and forth’ and a smooth account opening process.

Annual Fees

Cook Islands Limited Liability Company (LLC) Annual Fees – USD 1,350.00 (payable one year after incorporation and annually thereafter)

  • All Applicable Annual Government Fees
  • Processing Renewal of Registration, and providing a new Certificate of Organisation for the relevant year
  • Maintaining the Minute Book, Registers and Statutory Records
  • Providing Registered Agent Services for one year
  • Providing Registered Office Services, including service address, for one year

Cook Islands International Company (IC) Annual Fees – USD 2,250.00 (payable one year after incorporation and annually thereafter)

  • All Applicable Annual Government Fees
  • Processing Renewal of Registration, and providing a new Certificate of Organisation for the relevant year
  • Maintaining the Minute Book, Registers and Statutory Records
  • Providing Registered Agent Services for one year
  • Providing Registered Office Services, including service address, for one year
  • Preparing Annual Financial Statements (for calculation of taxes purposes, required for International Companies)
  • Preparing and Filing Tax Return (required for International Companies)

Other Services (Optional)

  • Establishment of Trusts, and provision of Trustee Services
  • Secretarial Services
  • Accounting Services

Please, contact us for further information.

Company Type

Bank Accounts

SKU: INC-BV-001-1-1-2 Category:
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