The Cook Islands established itself as an International Financial Centre in the early 1980s. The Cook Islands has developed a robust asset protection framework. This platform focuses on protecting wealth has developed in response to society’s need and right to have wealth protected from those who attempt to take it by force, litigation, or legislation, whether through illegal, unethical, or immoral means.
The Cook Islands are a Westminster-style democracy with an elected parliament. The Cook Islands has a strong level of governance and appropriate public systems in place. English is the official language, with the New Zealand Dollar the official currency. The Cook Islands operates an Open Register for all vessels, including merchant and fishing vessels. The Cook Islands can offer excellent legal resources to assist residents and foreign clients with their legal requirements. There are four banks currently licensed to provide banking. There are two types of banking- Domestic for residents and International, for people not resident in the Cook Islands. Capital security bank (CSB) provides the license to give service to non-resident clients. Cook Islands asset protection online is a very secure and protected place to make a client understand the resource market of online trading. Online trading facilities are provided by the Cook Islands that are secured and transparent. The non-resident clients are provided a license for trading.
A Cook Islands trust account is a legal tool to protect assets from creditors and lawsuits. Many legal professionals consider that the Cook Islands Trust account is the world’s strongest legal vehicle for asset protection and financial privacy. Lawsuit poses significant damage to the assets of hard-working individuals. The Cook Islands trust can be an easy process to access. When you have gained the confidence that you have deposited your wealth or asset under a safe jurisdiction, the peace of mind will increase. They have strong regulated offshore trust laws. The common ways of using Cook Islands trust can be
- Divorce asset protection
- Protecting investments such as stock market, bank account.
- Protect real estate with equity stripping arrangements
- Protect assets after lawsuits
- Protecting assets before marriage
- Estate planning and family legacy planning
- Protect business sales proceeds to the way of informed analysis.