Probably one of the important features that require less of a tax haven, is beauty. But if an investor is thinking of spending time in the region where they do their banking, the Cook Islands offers a beautiful environment for tax-free investments. While not an important criterion, is something to consider.
The Cook Islands consist of 15 islands west of Tahiti and Samoa, and east of Tonga. The islands cover an area of approximately 1.3 times the size of Washington, DC There are 2 main groups of islands, with 9 islands in the group are South and North from the group consisting of 6 atolls, and the main island of Rarotonga is located 3,000 kilometers northeast of Auckland, New Zealand.
Although English is the official language, the natives are closely related to the Maori of New Zealand, both in culture and Maori traditions and speak well. Agricultural exports of black pearls, copra and citrus are important economic base and employs nearly 1 / 3 of the population. Foreign aid to offset the trade deficits are, by money provided by the government of New Zealand.
The islands have a sovereign parliament itself, with undisputed political power. With the legal system is based on English common law, Parliament passes all laws in practice. The islands of Democratic Governing Council consisting of a 25-member legislative assembly, a prime minister and Cabinet of Ministers. The capital is Avarua, on the island of Rarotonga. The Queen of Spain is still occupying the post of head of state that because the strong links that the islands have, both on location and the economy.
Leaving aside the tropical beauty of the Cook Islands, their business climate seems to favor non-residents seeking tax-free haven in which they can invest their money. The Cook Islands has become synonymous with high-profile transactions of offshore banking and incorporation of the coast. No taxes on capital gains and income, and lack of an inheritance tax, these islands, it seems like the perfect place for the movement of foreign money.
The Cook Islands have laws that limit the actions that can be taken against the trust assets, and the laws of the Islands to ignore the laws of other countries in matters related to the transfer of assets to a trust
These things, along a body of pro-government foreign investment can only improve the economies of the island and the banking community speaks English, makes the Cook Islands seem ideal for mixed offshore investment banking with luxury tropical vacation.
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