Why is the Cook Islands an attractive place to invest in?EconomyUsing New Zealand currency Safety: Low crime rate Stable and sustainable economy and government No coups Efficient services of a One-stop-shop Government Agency to assist and facilitate the establishment of new business Statutory Minimum Wage NZ$5.00 / hour
Exemptions from Customs Duty & Levy Available Upon Application
Land Tenure 60 Year Leasehold
Total Land Availability 240 sq’km
Exclusive Economic Zone (Pacific Ocean Area) 2 million sq’km A Government which welcomes and encourages local and foreign investment Growth Industries
- Tourism
- Off-shore Trusts & Finance Corporations
- Black Pearls and Jewellery Manufacture
- Fisheries
- Agriculture Exports
Environment- Clean
- Safe and comfortable working conditions
- Warm Climate all year round
- The ideal place to bring up a family.
- Pristine & unspoiled environment, no Dangerous Animals, no Poisonous Insects, no lethal viruses.
Lifestyle- Relaxing
- Operate at your own leisure
- White sandy beaches
The people- Cultural and traditional values are maintained - friendly and care-giving
- Healthy and educated
- Hard working
- Fluent in the both english and Cook Islands maori
InfrastructureA well established Infrastructure
Modern structures - roads, harbours, airport, .... etc International Access Daily International Flights to NZ, Australia, Honolulu, Los Angeles on code-sharing services mainly provided by Air New Zealand Domestic Air Rarotonga flies daily to the Southern Group, and thrice weekly to the Northern Group
- Shipping: International Twice Monthly break-bulk and
Containerized shipping ex-Auckland, Samoa, Fiji, Tonga.
Domestic Scheduled Weekly Services
Southern and Northern Group Islands
- Up-to-date telecommunications -mobile systems, internet, satellite television,....etc.
Attractive life-style in a relaxed and safe environment
Developed infrastructure for business, quality housing for expatriate staff and good health and education services
No Foreign Exchange Controls
Freedom to repatriate capital and profits
Tax Haven
Limited or no tax on a number of items. See list below: No Wealth Tax
No Gift Tax
No Property Tax
No Capital Gains Tax
No Death Duty Tax
Company Tax - 20% flat rate – all industry
Value added Tax - 12.5%
Withholding Tax – Foreign pay-outs - 15%
Income Tax: Income Tax is paid on all income earned in the Cook Islands and all worldwide income received by Cook Island tax residents. Company Income Tax The resident company income tax is a flat rate of 20%.
The non-resident company income tax is a flat rate of 28%. Individual Income Tax Businesses not legally incorporated, such as most shops, must declare their revenue as personal income, either as a sole proprietor or in a partnership, whatever the case may be.
Individual income tax rates are as follows:
0 – $10,000 Exempt
$10,001 - $30,000 25%
$30,001 & above 30% Trust Income Tax
Trust income tax rates are as follows:
$0 – $4,000 - 20%
$4,001 – $24,000 - 25%
$24,001 & above - 30% BanksDomestic - Australia & New Zealand Bank(ANZ)
- Westpac Banking Corporation
- Bank of the Cook Islands
International - Southpac Trust Ltd
- Bermuda Trust Ltd
- South Pacific Trust Corporation
- Asiaciti Trust Pacific Ltd
- Trust Net Cook Islands Ltd
- Cook Islands Trust & Banking Corporation Ltd.
- Global Network Trust (Cook Islands) Ltd
The Cook Islands…a perfect combination of business and the Kia Orana Spirit!
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