The Cook Islands is a self-governing island nation located in the South Pacific Ocean. It is in free agreement with New Zealand and contains 15 islands with an entire land area of 240 square kilometers (92.7 sq. mi).

The Financial Supervisory Commission (FSC) came into life in the Cook Islands on 1 July 2003, succeeding the former Off-shore Financial Services Commission. The Financial Intelligence Unit (FIU) joined with the FSC on 1 July 2012.


  • IBC incorporation – within 4 weeks
  • License application and endorsement from the Financial Supervisory Authority can take 5-6 months

Minimum capital requirement: The Act does not define the amount of capital needed. The amount is decided on a case-by-case basis by the Committee upon the study of the application. Nevertheless, it is prudent that the capital would be no less than 77,500 pounds.


Money changer’s permit authorizes you to carry only money changing business, Remittance license enables you to receive clients’ money and transfer it to another person living abroad. To conduct Forex brokerage company in the Cook Islands the Combined license should be received because it authorizes the licensee to do both exercises (money changing and remittance). Minimal capital is not defined nevertheless, it shall be determined by the candidate, according to the level and scale of business services.

It is expected that the appellant keeps a permanent place of business in the Cook Islands. Upon acceptance of the license, it is not authorized to open an extra place of business outside the Cook Islands, without getting approval from FSC.

Each shareholder, director or different officer of the candidate must be fitting to hold such a position.

Notable features

General information

Company structure

  • At least 1 shareholder. Who can also be a legal person, no nationality limitation.
  • Minimum 1 Who can also be a legal person, no nationality or residency limitation.


  • Beneficial owners’ data – Not part of the public record
  • Shareholders’ data – Not part of the public record
  • Directors’ data –Not part of the public record


The capital gains, death charges or estate taxes are not subject to taxation(outside of the island). As well as profits, royalties or interest is are not expected to be paid.

Security bond – 7750 pound

Other advantages

The meetings of the directors and the shareholders need not be accommodated in the British Virgin Islands; plus there is no necessity for an Annual General Meeting. All gatherings may be held outside of British Virgin Islands, by telephone or other computerized means.

Accounting requirements – Annual audited financial statements are expected

Registered Agent – Needed

Local office –  Needed

Local employees –  Needed

Company Name

  • Language: Any
  • Letters: From the Roman alphabet
  • The organization name needs to end with such suffixes or their abbreviations: Limited, Corporation, Incorporated, Society Anonyme, Sociedad Anonima or Aktiengesellschaft.
  • Titles Requiring Approval or a Licence: Bank, Insurance, Assurance, Re-Insurance, Trust, Trustee, Savings, Royal, Asset Management, Fund Management, Investment Fund, Building Society, Municipal, Chartered.


  • Restricted contacts for company name: name of state, federal or local government.
  • Any name that indicates illicit activity or indicates royal or administration patronage is restricted.
  • The registrar may refuse any name which it deems objectionable or opposite to the public interest.
  • The organization name is limited to be identical or similar that of an existing corporation.
  • In the case when a foreign language is used for the business name the translation may be required by Registrar to guarantee conformity to above-listed restrictions.

In order to get a license, the following steps will be carried out by Startupformations:

  • Gathering of personal due application documents
  • Development of statutory declarations and application forms
  • Submission of the application to the FSC
  • Custom-drafting of Anti-money laundering procedures and business plan
  • Development of all necessary ad-hoc documents
  • Supervision of the process
  • Opening of a bank statement for capital deposit
  • Help with receipt of expert indemnity insurance
  • Finalization of the method

In order to receive License, kindly present the following documents:

For a local bank:

(All beneficial owner, director, shareholder, authorised signatory)

  • A notarized proof of original passport
  • A copy of evidence of residential address
  • A notarized proof of a Letter of Reference form Bank

For local regulatory authority:

(All beneficial owner, director, shareholder, authorised signatory and secretary must provide)

  • CV
  • A notarized proof of a valid passport
  • A copy of proof of residential address
  • Professional letter/bank reference
  • A notarized copy of a University
  • Signed and notarized application forms


  • If documents are not in English language or language of a particular country, then they need to be brought by a notarized translation.
  • Please guarantee that notarization is in the English language if not then kindly present with notarized English translation.
  • Additional papers may be asked by the regulatory authority or local Bank at any point to certify specific information