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.

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 Certified Copies of the Corporate Documents
  • Delivering Certified 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 Certified Copies of the Corporate Documents
  • Delivering Certified 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 assist you in opening a bank account in Cook Islands.

  • Cook Islands Bank Account - USD $ 600.00
    Cook Islands Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    Capital Security Bank
    USD 250,000
    Yes
    USD, EUR, GBP, CAD, NZD, AUD, SGD, HKD
    Yes
    Clients can have a corporate account for operational purposes only if they open an investment account as well.

Note that we can also open overseas bank accounts for Cook Islands companies in the following offshore jurisdictions:

  • Andorra Bank Account - USD $ 1,200.00
    Andorra Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    MORABANC
    USD 500,000
    Yes
    USD, EUR, CHF, CAD, AUD, SEK, NOK, NZD
    Yes
    Private Bank with focus on wealth management. If they open a corporate account for an active company, they would need that either the account has a substantial amount on the account, or that the UBO himself opens an account for wealth management.
    Credit Andorra (Creand)
    EUR 300,000
    No
    EUR
    Yes
    Minimum Initial Deposit requirements for countries outside of the European Union is EUR 1,000,000 or equivalent.
  • Antigua Bank Account - USD $ 300.00
    Antigua Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    DBank
    USD 10,000
    Yes
    USD, EUR
    Yes
    In Euros they processes only via SEPA. In dollars at the moment only with correspondents in the US, through FEDWIRE (not ACH at the moment). Cash Secured Visa Credit Card available.
    Global Bank of Commerce
    USD 25,000
    Yes
    USD, EUR, GBP
    Yes
    Cash Secured Visa Credit Card
    North International Bank
    USD 5,000
    Yes
    USD, EUR
    Yes
    UnionPay Cards work without inconvenience in the USA.
  • Armenia Bank Account - USD $ 1,200.00
    Armenia Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    OJSC Unibank
    USD 50,000
    Yes
    EUR, USD, RUB, AMD
    Yes
    Business connection to Armenia is required. The annual outgoing turnover of the client should be at least 10 mln USD per year. The annual number of outgoing transfers should be at least 60 per year. Note that the banks considers smaller companies is well on case-by-case basis, but they could charges additional fees.
  • Bahamas Bank Account - USD $ 500.00
    Bahamas Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    Capital Union Bank
    USD 1,000,000
    No
    USD
    Yes
    Family Offices, Fund Managers and Asset Managers only.
    Citibank
    USD 10,000,000
    No
    Multicurrency
    Yes
    Primary focus with physical presence in Bahamas. Business interest in the Bahamas. The company needs to have been in existence for a minimum of 3 years.
    Deltec
    USD 1,000,000
    Yes
    Multicurrency
    Yes
    Credit Card available on a case by case basis.
    EFG Bank
    USD 1,000,000
    Yes
    Multicurrency
    Yes
    Remote account opening is possible, but the bank will visit the client within first year after opening.
    Equity Bank
    USD 500,000
    Yes
    USD, EUR
    Yes
    Prepaid debit card available.
  • Belize Bank Account - USD $ 300.00
    Belize Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    Belize Bank International
    USD 4,000
    No
    EUR, GBP, USD
    Yes
    Caye Bank
    USD 1,000
    Yes
    USD, EUR, GBP, CAD, CHF, AUD, AED, CNY, SEK, NOK
    Yes
    Prepaid Visa cards available.
    Heritage Bank
    USD 3,000
    Yes
    Multicurrency
    Yes
  • BVI Bank Account - USD $ 900.00
    BVI Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    BVI Bank Account
    USD 20,000
    No
    USD, GBP, HKD
    Yes
    Bank of Asia does not onboard corporations who have a connection in US and Russia.
    VP Bank
    USD 500,000
    No
    Multicurrency
    Yes
    VP Bank offers services to local BVI residents as well as international clients who have BVI companies, trusts or fund structures. It is primarily focused on financing, investment management, custodial and securities trading accounts. No Commercial Activity, only for asset management business.
  • Cayman Islands Bank Account - USD $ 900.00
    Cayman Islands Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    Cayman National Bank
    USD 250,000
    Yes
    USD, EUR, GBP, CAD, AUD, JPY, SEK, CHF
    Yes
    NCB Cayman Limited
    USD 100,000
    Yes
    USD, EUR, CAD, GBP, AUD, Multicurrency
    Yes
    NCB Cayman Bank offers trading, private and investment bank accounts
  • Curaçao Bank Account - USD $ 500.00
    Curaçao Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    Exprinter International Bank N.V.
    USD 100,000
    No
    Multicurrency
    Yes
    Internet Banking only for viewing the account, not for operating
    United International Bank
    N/A
    Yes
    Multicurrency
    Yes
  • Cyprus Bank Account - USD $ 1,200.00
    Cyprus Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    Bank of Cyprus
    N/A
    Yes
    Multicurrency
    Yes
    Supports large Cypriot and international groups, preferably operating from Cyprus and international companies in their expansion and operations in Cyprus.
  • Dominica Bank Account - USD $ 300.00
    Dominica Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    Dominica Bank Account
    USD 15,000
    Yes
    USD, EUR, GBP, CHF
    Yes
    EqiBank
    USD 15,000
    Yes
    USD, EUR, GBP
    Yes
    Jetonbank
    N/A
    No
    Multicurrency
    Yes
    SWIFT transactions are carried out only through a pool account in the name of the bank.
    Dominica Bank Account
    N/A
    No
    Multicurrency
    Yes
    The Kingdom Bank
    N/A
    No
    EUR, USD
    Yes
    SWIFT transactions are carried out only through a pool account in the name of the bank.
  • Gibraltar Bank Account - USD $ 1,200.00
    Gibraltar Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    Gibraltar Bank Account
    N/A
    No
    Multicurrency
    Yes
    Gibraltar Bank Account
    USD 20,000
    Yes
    USD, EUR, GBP
    Yes
    For wealth management and brokerage accounts minimum relationships start from USD 250,000. Cards are dependent on jurisdictions.
  • Hong Kong Bank Account - USD $ 1,400.00
    Hong Kong Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    Bank of China
    HKD 100,000
    Yes
    Multicurrency
    No
    A business nexus in Hong Kong is strictly required, in the form of clients, suppliers, employees or other counterparties.
    DBS Bank
    HKD 200,000
    Yes
    HKD, USD, Multicurrency
    No
    A business nexus in Hong Kong is strictly required, in the form of clients, suppliers, employees or other counterparties.
  • Isle of Man Bank Account - USD $ 1,200.00
    Isle of Man Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    Isle of Man Bank Account
    N/A
    No
    USD, AUD, EUR, CZK, DKK, HUF, SGD, JPY, NOK, GBP, ZAR, ILS, NZD, PLN, CHF, SEK, CAD, BGN
    Yes
  • Labuan Bank Account - USD $ 500.00
    Labuan Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    Labuan Bank Account
    USD 10,000
    No
    USD, JPY, SGD, EUR, GBP
    Yes
    For businesses operating offshore or non-resident companies seeking to establish corporate banking relationships in Labuan, we collaborate with a mid-size financial institution renowned for its expertise in serving international clientele. With decades of industry experience, this bank has positioned itself as a key player in supporting global businesses across a variety of sectors. This bank welcomes companies incorporated in numerous offshore jurisdictions without the stricter requirements, such as business nexus in the South Asia - East Asia regions, unlike larger institutions within Labuan. Catering to a diverse range of industries, the bank is well-versed in supporting investment and asset holding companies, as well as businesses engaged in sectors such as trade, professional services, e-commerce, among others. Whether you operate in consultancy, marketing or international trade, this bank offers tailored services to meet your corporate banking needs. Their corporate accounts are available in various major currencies, such as USD, JPY, SGD, EUR and GBP and the bank supports SWIFT transactions. Transactions will be carried out with the assistance of a dedicated personal relationship manager. In addition to traditional banking services, the bank also offers Islamic banking options, including Shariah-compliant investment products and Islamic trade financing solutions. Minimum relationships start from USD 10,000. The account opening process can be handled entirely remotely, eliminating the need for travel to Labuan. We will guide you through the preparation of the necessary KYC documentation and provide comprehensive support to ensure a seamless and efficient bank account application process. If you are interested in opening a corporate bank account in Labuan, contact us today to assess your eligibility and initiate the account opening process!
    Citibank
    USD 250,000
    No
    Multicurrency
    Yes
    MayBank International Labuan Branch
    USD 25,000
    No
    USD, EUR, CAD, CHF, GBP, HKD, SGD, JPY, THB, AED
    Yes
    They focus more on Labuan incorporated entities.
  • Liechtenstein Bank Account - USD $ 1,200.00
    Liechtenstein Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    Bendura Bank
    USD 500,000
    No
    Multicurrency
    Yes
    Every active NFE needs to have a substance.
  • Mauritius Bank Account - USD $ 600.00
    Mauritius Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    Bank One
    USD 50,000
    No
    Multicurrency
    Yes
    Investec
    USD 50,000
    Yes
    Multicurrency
    Yes
  • Nevis Bank Account - USD $ 300.00
    Nevis Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    BONI
    USD 20,000
    No
    USD, EUR, GBP
    Yes
    Hamilton Reserve Bank
    USD 100,000
    No
    USD, EUR, GBP, CHF, AUD, CAD, AED, JPY, SGD, HKD
    Yes
    Nevis Bank Account
    USD 25,000
    No
    Multicurrency
    Yes
    Nevis Bank Account
    USD 10,000
    No
    USD
    Yes
  • Panama Bank Account - USD $ 1,200.00
    Panama Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    Panama Bank Account
    USD 50,000
    Yes
    USD, EUR, CAD
    Yes
    Panama Bank Account
    USD 10,000
    Yes
    USD, EUR, CHF, GBP, CAD
    Yes
    Panama Bank Account
    USD 1,000
    No
    USD
    Yes
    Accounts can be opened remotely on case-by-case basis.
  • Puerto Rico Bank Account - USD $ 300.00
    Puerto Rico Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    Puerto Rico Bank Account
    N/A
    No
    Multicurrency
    Yes
    CB International Bank LLC
    N/A
    Yes
    USD, HKD, AUD, CAD, CHF, CNY, DKK, EUR, GBP, JPY, NOK, NZD, SEK, SGD, TRL, XAF, ZAR
    Yes
    Unionpay Merchant service for clients.
    Elite International Bank
    USD 25,000
    No
    USD
    Yes
    Their main focus is on commercial type, trade finance.
    Medici Bank
    USD 10,000
    No
    Multicurrency
    Yes
    Strategic Bank
    USD 150,000
    No
    USD
    Yes
  • Saint Lucia Bank Account - USD $ 300.00
    Saint Lucia Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    PROVEN BANK (Former BOSLIL)
    USD 5,000
    Yes
    USD, EUR, GBP, HKD, Multicurrency, CAD, CHF, AED, AUD, NZD, NOK, SEK, THB, JPY, ZAR
    Yes
  • Seychelles Bank Account - USD $ 500.00
    Seychelles Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    Al Salam
    USD 25,000
    No
    USD
    Yes
    Internet banking is in view mode only, all transactions are carried out via email or by phone.
  • Singapore Bank Account - USD $ 900.00
    Singapore Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    Bank of China
    SGD 100,000
    No
    USD, SGD, EUR, GBP, NZD, RMB, AUD, JPY, HKD, CHF, CAD
    Yes
    Nexus in the form of client/supplier/partner/contractor in Singapore required.
    Credit Suisse
    USD 3,000,000
    No
    USD, SGD
    Yes
    DBS Bank
    SGD 250,000
    No
    Multicurrency
    No
    Nexus in the form of client/supplier/partner/contractor in Singapore required.
    HSBC
    SGD/USD 30,000
    No
    SGD, AUD, CAD, RMB, EUR, HKD, JPY, NZD, GBP, USD
    Yes
    Nexus in the form of client/supplier/partner/contractor in Singapore required.
    RHB
    SGD/USD 30,000
    No
    Multicurrency
    Yes
    Nexus in the form of client/supplier/partner/contractor in Singapore required.
    OCBC Bank
    USD 30,000
    No
    USD, SGD, AUD, CAD, HKD, NZD, GBP, EUR, JPY, CHF
    Yes
    Nexus in the form of client/supplier/partner/contractor in Singapore required.
    UOB Bank
    SGD 250,000
    No
    Multicurrency
    Yes
    Nexus in the form of client/supplier/partner/contractor in Singapore required.
  • Switzerland Bank Account - USD $ 1,200.00
    Switzerland Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    Amina Bank
    CHF 500,000
    Yes
    EUR, GBP, CHF, CAD, AUD, JPY, SGD, PLN, HKD, NOK, SEK, ILS, MXN, DKK, TRL, NZD, AED
    Yes
    Amina Bank does not open accounts with a pure transactional business nexus.
    Credit Suisse
    CHF 1,000,000
    Yes
    Multicurrency
    Yes
    Maerki Baumann
    CHF 500,000
    Yes
    Multicurrency
    Yes
    mBaer Bank
    CHF 5,000
    Yes
    Multicurrency
    Yes
    Companies must have an expected turnover of at least CHF 3,000,000.
    Sygnum
    CHF 3,000,000
    Yes
    Multicurrency
    Yes
    Deposit must be maintained in crypto assets held through the bank's custody services. Minimum Average Balance for high risk jurisdictions should be 1-2Mio CHF.
  • USA Bank Account - USD $ 1,400.00
    USA Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    USA Bank Account
    USD 100,000
    No
    USD
    Yes
    min deposit USD 100k and more AND/OR with revenues of USD 1M
    USA Bank Account
    from 10,000 but preferred 250K-300K
    Yes
    USD, Multicurrency
    Yes
    They tend to focus more on technology/startup companies that are focused on growing and scaling through future equity raises and subsequent debt facilities.
    USA Bank Account
    USD 5,000
    Yes
    USD
    Yes
    Debit cards can be delivered to overseas address, however, credit card could ONLY be delivered to a USA physical address (non-PO box).
    Metropolitan Commercial Bank
    Typically USD 25,000 - USD 50,000, for high risk USD 500,000
    Yes
    USD
    Yes
    At least one US based signatory is required. Purpose to open an account in US is required.
    USA Bank Account
    N/A (USD 250,000 preferred)
    No
    USD
    Yes
  • Vanuatu Bank Account - USD $ 500.00
    Vanuatu Bank Account
    Bank
    Min Deposit
    Cards
    Currencies
    Remote
    Comments
    Pacific Private Bank
    1,500 EUR
    No
    EUR, GBP, USD
    Yes
    Outgoing USD transactions cannot be facilitated.
  • EMI Account - USD $ 300.00
    EMI Accounts
    EMI
    Min Deposit
    Cards
    Currencies
    Remote
    DNBC (CA) (former DSBC)
    N/A
    No
    EUR, CAD, GBP, CHF, HKD
    Yes
    Sepaga
    N/A
    Yes
    Multicurrency
    Yes
    Airwallex
    N/A
    Yes
    Multicurrency
    Yes
    Currenxie
    N/A
    Yes
    Multicurrency
    Yes
    Statrys
    N/A
    Yes
    Multicurrency
    Yes
    Collect & Pay
    Depending on category.
    No
    Multicurrency
    Yes
    Bankera
    N/A
    Yes
    EUR
    Yes
    Connect Pay
    N/A
    Yes
    Multicurrency
    Yes
    DNBC (former DSBC)
    N/A
    No
    EUR, CAD, GBP, CHF, HKD
    Yes
    Gurupay
    N/A
    No
    EUR
    Yes
    IBSettle
    N/A
    No
    EUR
    Yes
    Mistertango
    N/A
    Yes
    EUR
    Yes
    NEXPAY
    N/A
    No
    Multicurrency
    Yes
    Payswix
    N/A
    No
    Multicurrency
    Yes
    SettleDesk
    N/A
    No
    EUR
    Yes
    Valyuz
    N/A
    No
    EUR, USD, GBP, SEK, JPY, HKD
    Yes
    Verifo
    N/A
    No
    EUR
    Yes
    Vialet
    N/A
    Yes
    EUR
    Yes
    3SMoney
    N/A
    No
    Multicurrency
    Yes
    Aspire
    N/A
    Yes
    SGD, USD
    Yes
    Worldfirst
    N/A
    No
    Multicurrency
    Yes
    Bilderlings
    N/A
    Yes
    EUR, GBP
    Yes
    BVNK
    N/A
    No
    Multicurrency
    Yes
    EQUALS Money
    N/A
    Yes
    Multicurrency
    Yes
    IFX
    N/A
    No
    Multicurrency
    Yes
    Interpolitan Money
    Depending on category.
    No
    EUR, GBP
    Yes
    Montify
    N/A
    No
    Multicurrency
    Yes
    MultiPass
    N/A
    No
    EUR, USD, GBP
    Yes
    Payset
    N/A
    No
    Multicurrency
    Yes
    TRANSFERRA
    N/A
    Yes
    Multicurrency
    Yes
    Xace
    N/A
    Yes
    Multicurrency
    Yes

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.

Nominee Services (Optional)

  • Nominee Shareholder/Member Services – USD 1,900.00
  • Nominee Director/Manager Services – USD 1,900.00

Annual Fees

Cook Islands Limited Liability Company (LLC) Annual Fees – USD 1,550.00 (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 (Optional)

商品コード: INC-BV-001-1-1-2 カテゴリー:
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