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OFFSHORE COMPANY FORMATION
Cook Islands
Status Dependent territory of New Zealand
Area, sq.km: 240,1
Population: 20 600 (2001 July)
Capital: Avarua
Business language: English
Currency: New Zealand Dollar (NZD)
Location: 15 islands to the north-east of New Zealand in the Pacific Ocean
Time zone: GMT + 12

 

INCORPORATION DATASHEET
Advantages: High level of confidentiality
Disadvantages: Not a well-known jurisdiction
Company status: International Company
Corporate legislation source: International Companies Act, 1981-82
Company name: All names must end with one of the following words: Limited, Ltd., Corporation, Corp., Incorporated, Inc.
Time required for incorporation: 6-8 weeks
Minimum number of directors: 1
Usual minimum capital: 1 million USD (not compulsory)
Are accounts required:: No
Minimum number of shareholders: 1
Type of shares: Bearer or Registered
Annual tax and duties: 500 USD
What information is available on the public file: Registered office, registered agent, Memorandum & Articles of Association
Non-public information: Directors, shareholders
Registered office: Local registered office is required by law.
Registered secretary / agent: Local registered agent is required by law.

COMPULSORY COSTS (payable prior to registration)

FORMATION FEES
Incorporation fee: 1390 USD
Notarial certification: 100 USD
International authentication (Apostille): 150 USD
Legal expenses, filing fees and stamp duties: 150 USD
Issuing of share certificates and initial minutes and forms: 100 USD
Corporate seal: 50 USD
Courier fees: 50 USD
Subtotal: 1990 USD
ANNUAL FEES*
Registered office and registered agent: 1990 USD
Annual tax and duties: 500 USD
Due diligence checking fee:
100 USD 
Subtotal: 2590 USD
Total: 4580 USD


* The annual fees for the first year of the company's existence are payable prior to incorporation. Subsequently the amount of 2590 USD is payable annually beginning from the 1st of January of the year following the year of incorporation. Non-payment of the annual fees results in deletion from the Companies Registry.

The amount of 4580 USD includes the following services: formation of the company, duties payable to the local authorities for the incorporation of the company, Certificate of Incorporation with Apostille, provision of Memorandum Articles of Association authenticated by Registrar, Appointment of First Directors with Notary Public authentication, Share Certificates, initial minutes, provision of registered office and registered agent for 1 year, annual tax for the 1st year, two company seals, luxury leather corporate kit, courier delivery to Laveco office. The price contains no hidden costs!

OPTIONAL COSTS
Nominee Director (private person): 890 USD
Nominee Director (corporate body): 395 USD
Nominee shareholder: 295 USD
Power of Attorney: 390 USD
Notarial Certification: 95 USD
Certificate of Good Standing: 395 USD
In cases where the total number of attorneys, shareholders and beneficiaries in a company is more than 5, a supplement of 100 USD will be payable for each additional person.
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