Registering a company in the Cook Islands is a systematic process that involves choosing a company type, selecting a name, preparing the necessary documentation, and registering with the Financial Services Development Authority and Revenue Management Division. By adhering to the requirements and guidelines set out in this guide, you should be well-prepared to establish your business in the Cook Islands. This beautiful and business-friendly environment could be the perfect location for your next venture.
The first step in registering a company in the Cook Islands is to choose the type of company you want to register. The most common types are:
You'll need to choose a unique name for your company that is not already in use by another business. The Cook Islands Financial Services Development Authority (FSDA) has guidelines for acceptable names.
The key documents needed for registration depend on the type of company you are registering, but generally include:
These forms can be found on the FSDA's website: http://www.fsda.gov.ck/
You will need to identify at least one director and one shareholder for your company. These can be individuals or corporate entities.
There are no set minimum capital requirements for companies in the Cook Islands.
Once your documents are ready, you can submit your application to the Cook Islands Financial Services Development Authority (FSDA). This can be done in person or via email.
The fees for registering a company are as follows:
After your company is registered, you must register for taxes with the Cook Islands Revenue Management Division. This can be done online via the following link: http://www.revenue.gov.ck/
Depending on your business activities, you may need to obtain additional permits or licenses. Check with the relevant authorities and industry regulators for specific requirements.
The entire registration process, from preparing documents to receiving your Certificate of Incorporation, can take anywhere from 1 to 3 weeks.