Cook Islands Trust
World Leader in Asset Protection Trusts
Cook Islands Trust
Wealth Planning and Asset Protection Solutions
In 1984 the Cook Islands, a former Protectorate of New Zealand in the South Pacific, began an effort to diversify its tourist economy and attract a robust financial services industry. New laws were enacted which focused heavily in the area of asset protection.
Through these initial efforts and various modifications and court challenges over the years, it is generally acknowledged that the Cook Islands has the strongest asset protection laws in the world.
Assets in the trusts are not disclosed to the Cooks Islands authorities and the Law makes it a crime to identify who owns the trusts or to provide any information about them.
Judgments from foreign countries are not enforced in the Cook Islands against the trusts established there, assets of the trusts cannot be seized by a creditor, and the trustees are required to maintain strict secrecy regarding the owners and beneficiaries of the trusts.
The Government of the Cook Islands has no treaties or mutual assistance agreements (as the Swiss do) which would permit disclosure or cooperation with a foreign creditor or even a government agency in a collection action.
Cook Islands International Trust
An excellent choice for those who seek an international investment vehicle offering a substantial level of asset protection.
Asset Protection Trusts
The relevance or otherwise of such laws will in many instances help determine the nature of the assets which the client will settle into the asset protection trust, and whether or not such trust should be located in an offshore jurisdiction.
There are a number of reasons why most advisors recommend that asset protection trusts be established offshore. Obviously assets held in a domestic trust are more susceptible to attach. However, one of the principal attractions for placing assets in an offshore trust is the legislation which has been introduced in some offshore jurisdictions specifically to facilitate asset protection.
The Cook Islands was the first offshore jurisdiction to enact such legislation under the International Trusts Amendment Act 1989. Further and latest amendments were enacted in 1991, 1996, 1999 and 2004.
As a result, the Cook Islands currently has the most modern international trust legislation with particular emphasis on the protection of assets, the protection of beneficiaries and flexibility of “control” by the Settlor.
The Cook Islands international Trust law is derived from English common law but the legislation has removed some of the problem areas of the common law pertaining to trusts.
Private Trustee Companies in Cook Islands
Establishing Nexus
- Taxations consequences: No taxes are payable by either the private trustee company or the international trust of which it is appointed trustee.
- No Local Appointments required: In other jurisdictions a local person must be appointed as a trustee in addition to the private trustee company, or as a director of the private trustee company: these appointments add cost and give opportunity for disclosure. No such appointments are required in the Cook Islands.
- No Audit required: In other jurisdictions the accounts of the private trustee company must be audited annually. In the Cook Islands the need for an audit can be dispensed with by a shareholders’ special resolution.
Why Partner with Us?
- Expertise: Years of experience in offshore company registration.
- Global Reach: Support for international entrepreneurs and businesses.
- Transparent Pricing: No hidden fees—just clear, upfront costs.
- Dedicated Support: Guidance at every step of your offshore journey.
Start Registering Your Trust in Cook Islands Still By Today
Take advantage of Cook Islands business-friendly environment and establish your Trust in a thriving offshore jurisdiction. Contact us now for a free consultation and start your journey toward global business success!