COOK ISLANDS
INTERNATIONAL TRUSTEE COMPANY

 

INCORPORATION FEES

  

COSTS FOR AN INTERNATIONAL
TRUSTEE COMPANY IN COOK ISLANDS
TO ACT AS THE TRUSTEE FOR THE TRUST

INCORPORATION AND SERVICE FEES
Registration and Processing Fees – Euros 1,750.00
Provision of Registered Office, as legally required – Euros 780.00/annual
Provision to cover mail charges – Euros 200.00
Provision of Nominee Shareholder – Euros 750.00/annual
Provision of a Nominee Director – Euros 1,750.00/annual
Provision of Company Secretary – Euros 350.00/annual
Certified and apostilled Power of Attorney – Euros 650.00
Annual Government registration fee – Euros 1,250.00
Special draft of Company Deed, adapted to your specific needs – Euros 325.00
Additional set up fees – Euros 1,575.00
Annual maintenance fees – Euros 3,250.00/annual (*)
Assistance for opening Corporate Bank Account – General Disbursements – Euros 1,270.00 (Optional)
2nd set of certified documents for bank account opening purposes – Euros 375.00
DHL delivery of documents – Euros 90.00
(*) 1st year fees will be payable together with incorporation fees.

IMPORTANT REMARK:
First year – Fees are considered from the date of formation until the 31st December same year
2nd and subsequent years – All annual fees marked above as “/Annual” become due from the 1st January each ear, and are payable until the 31st January

ANNUAL FEES
The Annual Fees are concerned with the following services:
Annual Statutory Fee, which includes:
- Local incorporation agent to provide you all services relating Trust and Company matters (registered agent facilities);
- Filing statutory returns with official departments, required, to keep the Trust and Trustee Company active and alive;
- Liaison with the registered office and the registered agent in the jurisdiction of incorporation, attending to the payment of the Annual Government License Fees and other government fees;
Annual Compliance Fee, which includes:
- Attending to routine compliance matters (inclusive of periodic file reviews), reviewing official correspondence received and other routine matters incidental to good corporate governance;
- Processing and Return Filing with Internal revenue, Registrar of Companies, and other official departments

WORLDWIDE CORPORATE BANK ACCOUNTS
International Recommended banks:
ABN AMRO, Netherlands
Alliance Leicester Commercial Bank, UK
AP Anlage & Privatbank AG, Switzerland (Group Parex Bank)
ANZ Bank (Vanuatu) Ltd, Vanuatu
ANZ Bank, Australia, New Zealand
Atlantic International Bank, Belize
Baltikums, Latvia
Banco Santander, Spain, Uruguay
Banif – Madeira Islands and Cayman Islands
Bank Austria, Vienna, Austria
Bank of China International Ltd, HK
Bank of Cyprus (BOC), Cyprus
Bank Snoras, Lithuania and Belgium
Barclays Bank, Isle of Man, Gibraltar and Dubai (UAE)
BPA, Banca Privada de Andorra, Andorra
Citizens Bank, USA
Credit Suisse, Zurich, Switzerland
FBME Bank Ltd, Cyprus
First Caribbean International Bank, in Turks & Caicos
First Gulf Bank, Dubai, UAE
Heritage Bank, Belize
HSBC, Bermuda
HSBC Bank (Cayman) Limited, Cayman Islands
HSBC Bank, UAE
HSBC Bank, United Kingdom
Kiwi, New Zealand
Liechtensteinischa Landsbank (Osterreich) AG
LGT Bank ln Liechtenstein (Cayman) Ltd
Lloyds TSB Offshore Limited, Jersey
Loyal Bank, St Vincent & The Grenadines
National Bank of New Zealand, Auckland
NBC Nuevo Banco Comercial, Uruguay, Montevideo
Nordea Bank, Denmark, Finland, Norway, Sweden
Parex Banka, Latvia
Rabobank New Zealand Limited, New Zealand
Raiffeinsenbank, Austria
RBC – Royal Bank of Canada, Cayman Islands
Rietumu Banka, Latvia
SaxoBank, Greece
SG Hambros Bank, Gibraltar
Standard Bank, Hong Kong, Isle of Man, Jersey, Mauritius, Singapore, and UAE
Standard Chartered Bank, HK
UBS, Zurich, Switzerland
Valartis Bank, Vienna, Austria
Volksbank, Liechtenstein
Westpac Bank, New Zealand

Amongst others

If either of these banks or jurisdictions to set up your corporate bank account suits you, we shall be very pleased to assist you.

Our Services before you deal directly with the bank by yourself:
Independent advice to help you to choose the right bank
Support regarding due diligence requirements
Assistance with filling in the required forms
Provision of properly legalized corporate documentation where applicable
Recommending you to the bank based on your individual profile and due diligence documentation
Representing you before the bank in the course of account opening

Remarks:
(a) If extra legalization and/or corporate documents are required by the bank, additional fees apply;
(b) Bank own account opening fees and costs (if any) will be charged from the first deposit to your account;
(c) Bank fees and costs are not included into our bank introduction fees.
(d) Any of the banks above always have their final word, after due diligence processed, by accepting you or not as their customers, depending on their on evaluation; however, you are always free to open your company’s bank account by yourself, with some other bank of your selection.

DISCLAIMER
(1) The above description is not an offer or soliciting to provide financial services of any kind inclusive but not limited to buying any security or investment product or receiving an investment advice from us. Bank fees and account opening terms inclusive due diligence requirements are subject to change from time to time without notice;
(2) After the account has been opened you deal directly with the bank by yourself, entirely at your own risk and at your sole discretion; we may not be responsible for any changes in the legal or financial status, requirements, fees and commissions of the aforesaid Banks.

INCLUSIONS
INTERNATIONAL TRUSTEE COMPANY
Certificate of Incorporation
Company By-Laws
1st Resolutions

All documents will be provided CERTIFIED and, if required, apostilled, as per Hague Convention, for international recognition of the statutory documents.

DELIVERY OF DOCUMENTS
We can either dispatch the documents to you by DHL or any other express courier at your option

TIME TO INCORPORATE
The incorporation of an International Trustee Company in Cook Islands usually takes from 2 to 3 working days; Certification of Documents from 3 to 4 days; Delivery of documents to you – 2 days by DHL

HOW TO START INCORPORATION PROCESS
We only need an email from you, with your order, confirming your interest to proceed with this Incorporation Service. An Application Form will be send to you by email as attachment, for you to fill it in, sign and returned back to us by fax. A Proforma invoice will be after delivered to you with our banking coordinates for settlement of our fees by swift wire bank transfer.

DOCUMENTS REQUIRED 
We shall need copy of passports and full addresses of all members appointed by you 
 

TIME TO GET TRUSTEE COMPANY'S NAME APPROVED
Usually the same day or next day

Hope all above information meets your requirements and needs, while we shall be at your entire disposal for any question or matter you may wish to discuss with us before you decide to proceed.

Please do not hesitate to contact us should you have any further question