Apr 22, 2020

Open a corporate account with a Cook Islands bank remotely – 3,999 EUR

The Cook Islands is an independent state in the Southern Pacific to the south-west of Tahiti. It consists of fifteen small islands scattered in the ocean. The geographical position of the country allows dealing comfortably with both Asian and American partners. The bank that we are promoting here was founded in 1997 and it sees its mission as providing the highest quality private banking services. We invite you to consider the opportunity to set up a corporate account with this bank without leaving home. This possibility is especially valuable in the times when many of us are actually unable to travel anywhere even if we wanted to do that.

The recommended minimum deposit that you should make with the bank is US$ 20,000 USD. Since last year, the bank pays an interest on the deposits that exceed the specified amount.

The online banking platform allows easily checking the balance and viewing the transactions. You can also use it to make secure transfers and to give payment instructions to the bank officers.

A private bank that provides the full range of services

The bank has only one office that is located in the Cook Islands. This means that it has to conform to a single national legislation unlike huge international banking consortiums. Besides, the Cook Islands legislation is plain and transparent and the British-law-based judicial system is fair and professional.  

The laws of the country provide for a balanced level of personal financial information confidentiality for bank clients.

As the bank seeks to provide a full range of private banking services to the clients, its clients usually possess the following characteristics:

  • They are high net worth individuals;
  • They are after finding effective ways to protect their assets;
  • They want private banking services to be of top quality;
  • They are conservative investors;
  • They want their personal financial information to be processed with great care.

The bank holds both the license for domestic banking operations and one for international operations.

A corporate account in most widely used national currencies

Companies with various forms of ownership are eligible to apply for services to the bank. You can set up an account in three major currencies there: USD, GBP, or EUR. It is also possible to open an account in a different national currency on a special request to the bank managers.

You can open a current account with the Cook Islands bank, make a fixed-term deposit, or use many other low-risk investment opportunities that it offers.

One more advantage that the bank boasts is the possibility to set up a separate card account. You can acquire a prepaid debit card from the bank when you open a current account there. All you have to do is file an application for the card thus availing yourself of the opportunity to use a secure payment instrument.

Maximum card balance: 10,000 USD
Maximum single cash withdrawal: 500 USD
Maximum transaction in a single payment terminal: 10,000 USD
Maximum loading, per day: 5,000 USD
Card issuance fee: 30 USD
Monthly maintenance fee: 15 USD
Cash withdrawal from ATM: 1.15%+3.5 USD per withdrawal
Card loading fee: 2.25% of the amount (minimum 4 USD)

 Restrictions and limitations applicable to some countries

The bank managers consider the jurisdictions listed below high-risk jurisdictions. For this reason, companies (or their UBO’s) registered there will be unable to obtain services from the bank:  

  1. Afghanistan
  2. Bosnia and Herzegovina
  3. Central African Republic
  4. Democratic Republic of the Congo
  5. Cote d’Ivoire
  6. Cuba
  7. Egypt
  8. Eritrea
  9. Ethiopia
  10. Haiti
  11. Iran
  12. Iraq
  13. Democratic People’s Republic of Korea
  14. Lao People’s Democratic Republic
  15. Lebanon
  16. Liberia
  17. Libya
  18. Myanmar (Burma)
  19. Pakistan
  20. Serbia
  21. Somalia
  22. Sri Lanka
  23. South Sudan
  24. Republic of Sudan
  25. Syria
  26. Trinidad and Tobago
  27. Tunisia
  28. Yemen
  29. Zimbabwe

If the applicant company is domiciled in one of the following jurisdictions, it will have to undergo enhanced Due Diligence checks and meet stricter compliance requirements:

  1. Algeria
  2. Albania
  3. Armenia
  4. Azerbaijan
  5. Belarus
  6. Bolivia
  7. Brazil
  8. Burundi
  9. Ecuador
  10. Gaza Strip
  11. Ghana
  12. Guatemala
  13. Guinea
  14. Guinea Bissau
  15. Indonesia
  16. Kenya
  17. Kosovo
  18. Moldova
  19. Morocco
  20. Mozambique
  21. Nicaragua
  22. Nigeria
  23. Panama
  24. Papua New Guinea
  25. Philippines
  26. Republic of the Congo
  27. Russian Federation
  28. Sao Tome and Principe
  29. Sierra Leone
  30. Tanzania
  31. Thailand
  32. Ukraine
  33. Vanuatu
  34. Venezuela
  35. West Bank

Please note that the lists of restricted countries change all the time. Thus, you should clarify with our specialists if the country of your company domiciliation is on any such list.

Prohibited and restricted types of company business activities

The Cook Islands bank will NOT service companies engaged in any of the business activities listed below:

  • Illegal activities of any type;
  • Unregulated and/ or unlicensed financial service providers;
  • Financial institution that do not hold the required licenses;
  • Prostitution, pornography, any materials with sexual content;
  • Narcotics, recreation medicines, and online pharmacies;
  • Trade in rough diamonds;
  • Gambling, online and offline lotteries, casinos, and betting;
  • Defense contractors, manufacturers and suppliers of weapons and ammunition, private security companies;
  • Legal entities issue bearer shares or that are owned by holders of bearer shares;
  • Shell banks;
  • Tobacco, cigars, cigarettes including electronic cigarettes and their accessories;
  • Illegal activities related to the wild nature;
  • Counterfeit products;
  • Dating agencies;
  • Telemarketing;
  • Chemicals.

In case your company deals in any of the business areas specified below, enhanced Due Diligence procedures will be applied before the corporate account can be opened:

  • Companies that provide various kinds of consultation services;
  • Companies that use cash in large amounts such as retail stores, groceries, hotels, restaurants, taxi companies, and so on;
  • Companies that accept third parties’ money with the purpose of investing it;
  • Precious stone and metal dealers;
  • Computer and technical appliance retailers;
  • Debt collectors;
  • Pharmacies and traders in pharmaceuticals;
  • Trading firms or exchange markets dealing in non-fiat or foreign currency exchange;
  • Online games providers;
  • Used car dealers and used car spare parts dealers;
  • Labor brokers;
  • Multilevel marketing firms;
  • Companies engaged in court trial financing.

The list of restricted types of business activities can also change overtime. So please consult our specialists on this matter when applying for opening a corporate account in the Cook Islands bank.

A trading account with the Cook Island bank  

The bank provides access to investment and trading platforms, which allows trading on around forty exchanges worldwide. The assets are kept with a custodian and thus the clients can be certain that their investments are safe.  

You will have secure access to your investment portfolio and you will be able to manage your investments effectively making selling or purchasing orders when you wish. You will also be able to see the investment ranges available with different exchanges.

A trading account with the Cook Islands bank will give you access to many markets including the following ones:

AMEX — NYSE MKT (American Stock Exchange) 

AMS — Euronext Amsterdam

ASX — Australian Securities Exchange

BRU — Euronext Brussels

CSE — NASDAQ OMX Copenhagen

FFT — Deutsche Borse (Frankfurt Floor)

FSE — Deutsche Börse (XETRA)

HKEX — Hong Kong Exchanges


ISE — Irish Stock Exchange

LISB — Euronext Lisbon


LSE_INTL — London Stock Exchange (IOB)

LSE_SEAQ — London Stock Exchange (SEAQ)

LSE_SETS — London Stock Exchange

MIL — Borsa Italiana/Milan Stock Exchange


NSC — NASDAQ (Small cap)

NYSE — New York Stock Exchange 

NYSE_ARCA — New York Stock Exchange (ARCA)

OOTC — OTC Markets Group (Pink Sheets)

OSE — Oslo Børs/Oslo Stock Exchange

OTCBB — OTC Bulletin Board

PAR — Euronext Paris

SGX-ST — Singapore Exchange

SIBE — BME Spanish Exchanges

SSE — NASDAQ OMX Stockholm


SWX — SIX Swiss Exchange



TSE — Toronto Stock Exchange

TSX — TSX Venture Exchange

VX — SIX Swiss Exchange (Blue-Chip)

WSE — Warsaw Stock Exchange

XETR_ETF — Deutsche Börse (Indices & ETFs)

Precious metal account with the Cook Islands bank

You can also set up a precious metal account with this bank. This means that you can purchase physical gold and silver in coins and bullions and keep the metals in a special treasure house that is located in New Zealand.

You can not only buy precious metals but also sell them at any moment you like. Besides, you can arrange for a personal visit to the treasure house to see your gold and silver. Moreover, you can have the metals transported to any other place.

You can use the online platform to keep track of your precious metal account balance and to securely issue account management instructions.

Investment account with the Cook Islands bank

An investment account provides for the possibility to effectively manage your investments via the bank that we are advertising here.

The bank puts forward very few requirements to the types of assets that you can invest into. You can own shares, bonds, raw materials, currencies, mutual funds, and so on. You can discuss with your investment manager what assets you want to put money in.

You are free to choose the investment manager that you prefer as the bank is not going to assign one to you at their own discretion. Your personal manager can manage your investment portfolio that you keep with the Cook Islands bank.

The information that you will have supplied when applying for a current account is going to be sufficient for setting up an investment account in most cases. However, individual investment managers may request some additional information from you.

The procedure of setting up a corporate account with the Cook Islands bank

In order to launch the procedure you have to do the following:

  1. Apply for our professional assistance in opening a corporate bank account by writing to [email protected].
  1. Cover the cost of our professional services via any payment method you prefer such as a bank transfer or a credit card. We also accept payments made through WebMoney, PayPal, and Western Union. The service price is:
  • From EUR 3,999 if your company does not have nominees;
  • From EUR 4,999 if your company does have nominees.
  1. Collect all the application documents that are required for setting up a corporate bank account in Cook Islands.

The application document package required for opening a corporate account with the Cook Islands bank

First, you will have to fill out, sign, scan, and send us the bank application forms that we will have provided to you. This is required for obtaining a preapproval from the bank.

Each company beneficiary will have to supply the following documents:

  • A notarized copy of the foreign passport;
  • A proof of residential address (a notarized copy or the original of a recent utility bill or a bank statement);
  • A brief résumé.

The required corporate documents:

  • Certificate of Company Formation/ Incorporation/ Registration;
  • A copy of the Memorandum and Articles of Association/ Bylaws/ Operating Agreement;
  • Certificate of Good Standing (this requirement applies if the company has been in operation for over one year);
  • A copy of the company Director’s resolution to set up a corporate account in the Cook Islands bank.

In addition to that, you will have to supply a description of the company business activities that should include such items as yearly turnover, company partners, regions of operations, mutual payment arrangements, company management diagram, and the like. This document needs to be signed by an authorized company official.

Please note that all application documents have to be made in English or translated into this language and notarized. Please also be aware that the bank may request some additional documents.

It is going to take the bank approximately twenty days since the date when the completed application forms are submitted to review your application for opening a corporate account there. When you obtain the application preapproval, you will have to send document originals by mail.

If you are interested in this offer, please contact us today via e-mail [email protected]. We will be happy to answer all your queries should you have any.