Jenner Davis, CEO, Cook Islands Financial Services Development Authority (FSDA).
A leading international finance center for nearly thirty years, the Cook Islands is a prime choice for sophisticated international services for the most discerning wealthy clients and corporate entities. Located in the South Pacific northeast of New Zealand, east of Tahiti, and south of Hawaii the country, comprised of fifteen islands and 13,000 people, boasts an ideal location and a global client reach for its legal and financial services.
Part of the British Commonwealth, the Cook Islands has a stable Parliamentary system of democratic government. Popular with clients of countries with a Common Law legal system, the jurisdiction also attracts an increasing number of clients from Civil Law jurisdictions due to the country’s strong legislation related to international financial services.
Close ties with New Zealand allow the Cook Islands access to the New Zealand judiciary from which it draws its judges in the High Court. This ensures a sophisticated and fair justice system providing confidence to the corporate entities and individuals who use the international financial services of the jurisdiction.
Known best for its trust legislation, the Cook Islands also offers corporate entity formation through International Companies, Limited Liability Companies, Foundations, and International Partnerships.
Known best for its trust legislation, the Cook Islands also offers corporate entity formation through International Companies, Limited Liability Companies, Foundations, and International Partnerships. Legislation also allows for various insurance services including Captive Insurance, and the jurisdiction maintains access to premium banking services through relationships with international banks. Trust companies also provide a wide array of administrative services to allow centralised and efficient operation of client structures. The jurisdiction also has a strong Maritime Registry, with representatives in countries all over the world, including China. As the client composition of the jurisdiction continues to diversify, the integration of multinational wealth and corporate services in an international best practices framework strengthens the quality of industry work.
The first country to create legislation allowing for modern asset protection trusts, the Cook Islands is known for its innovative services and ability to respond quickly to changes in and demands from the global market. With the recent changes in the global banking environment, the Cook Islands finds itself ranked very highly for its regulations and oversight of the financial industry. With a supportive government and proactive industry, the jurisdiction has been able to maintain its sophisticated legal and financial services at competitive prices and, most importantly, with an outstanding level of service.
For more information, please visit www.cookislandsfinance.com.