Incorporation of an IBC in the Cook Islands

An International Business Company (IBC) in the Cook Islands has the same powers as a natural person. The time taken to incorporate an IBC in the Cook Islands is minimum of 3 days.

Corporate Acts

The International Companies Act 1981-1982

Benefits of an IBC in the Cook Islands

Disclosure of Beneficial Owner – Not Required

Migration of Domicile - Permitted

Tax on Offshore Profits - Nil

Corporate requirements of an IBC in the Cook Islands

Minimum Number of Directors - One

Minimum Number of Shareholders - One

Bearer Shares - Allowed

Corporate Directors - Permitted

Company Secretary - Required

Standard Authorized Share Capital - US$ 5,000

Local requirements of an IBC in the Cook Islands

Registered Office/Agent - Required

Company Secretary - Required

Local Directors - Not Required

Local Meetings – Not Required

Government Register of Directors - Not Required

Govt. Register of Shareholders - Not Required

Annual Return - Required

Submit Accounts - Not Required (By Resolution)

Minimum Annual Tax/License Fee - US$ 500

Annual Return Filing Fee - Nil

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