Personal Account Opening With Classic Offshore Bank In The Cook Islands Which Is Heavily Client Orientated With Multi Currency Accounts.
The international banking professionals at the Offshore Pro Group offer you the ability to open a private account in the Cook Islands with a bank that offers the following benefits:
- Tax free jurisdiction
- Heavily client orientated
- Multi currency accounts
- Classic offshore bank
- Remote account opening
- Range of investment products
- Online banking (under development)
Contact us via email [email protected] for the right professional advice about opening a personal account with this bank in the Cook Islands. It is highly recommended that you initially go through the steps on this page Free Professional Advice On Choosing A Foreign Or Offshore Bank Account.
The Cook Islands Offshore Jurisdiction
Located in the South Pacific Ocean, the Cook Islands is a country of self government which is also in free association with New Zealand. The country is situated North-east of New Zealand in between American Samoa and French Polynesia. The official language of the country is English and it is a constitutional monarchy and representative democracy with a parliamentary system. The Cook Islands has a population of around 15,000 people and the official currency is the New Zealand Dollar (NZD).
The economy of the Cook Islands is stable and tourism makes up the biggest percentage at 67%. Financial services are the second most important sector. It has a GDP per capita of around $9100 and the country is both socially and politically stable.
The Cook Islands have an international reputation as a sound offshore jurisdiction due to its balanced protective laws. The banks and financial institutions in the country have a lot of experience when it comes to the protection, diversification and enhancement of assets.
The Cook Islands do not impose any taxes on income from non-residents of the country. There are also no capital gains taxes imposed. There are no taxes for non-resident bank accounts held in the country. Financial services in the Cook Islands are regulated and supervised by the Financial Supervisory Commission (FSC) which was formed in 2003.
The Cook Islands has responded well to pressure from the Financial Action Task Force and the Organisation of Economic Cooperation and Development (OECD) to tighten up its financial regulations when it came to money laundering. The Money Laundering Prevention Act was passed in 2000 and the strict regulations that were put in place have eradicated the issue.
Given that the Cook Islands has a sound economy, political and social stability, and stringent financial laws and supervision and regulation it is a good choice of jurisdiction for the safeguarding, diversification and growth of your capital.
This Cook Islands International Bank For Your Private Account
This bank is the only international bank that is operating in the Cook Islands and it was founded in 1997. The bank makes sure that it complies with all international standards and acts fully within the anti money laundering laws. Your information at this bank is fully protected under the Banking Act of the Cook Islands 2011.
Delivering the highest quality of service to its clients is the philosophy of the bank. The staff at the bank are all fully trained and experienced and they will want to get to know you and fully understand what your financial goals are for the long and short terms. They will then provide tailored services to assist you in achieving these aims.
The bank can provide you with a total wealth management solution. They have investment specialists at the bank who will perform a comprehensive portfolio analysis to ensure that the objectives that you set for your investment are consistently being achieved. You will receive advice and investment guidance in the development of a sound investment portfolio.
The Offshore Pro Group offers you the opportunity to open a private account in the Cook Islands with this bank and you will also receive professional investment advice from the bank for the protection, diversification and growth of your assets.
The Private Banking Services At This Cook Islands Bank For Your Capital Safeguarding And Enhancement
It is possible for you to open a non resident private account remotely with this bank in the Cook Islands, which means that you will not have to travel to the Cook Islands to meet with representatives of the bank. As soon as your private account has been opened, you will have access to the range of financial services and investment opportunities that this bank has to offer.
You will have access to investment experts who will want to discuss your financial aims in detail. They will then recommend an investment portfolio to you and mange the portfolio for you. They will always be on hand to assist you in the everchanging world of financial investing.
A trading account will be used so that you are able to work with international financial products including shares, notes, short-term market instruments, bonds, stocks, commercial papers and mutual funds. Your investment advisor will guide you so that your trading serves as a reliable security shield against investment risks. Your advisor will work with you to develop the optimum mix of investment styles and asset classes to provide the best returns while minimizing risk.
The bank has an approved banking partner and this enables it to offer you investment accounts. The main benefit of these accounts is asset protection and these accounts are compliant with international tax laws so a W-9 will need to be provided to open an account. Once your investment account is opened you will be able to trade currencies, commodities, bonds and stocks. Investment accounts have a minimum deposit requirement of 500,000 US Dollars.
A precious metals account is also available from this bank. You will be able to gain access to fully allocated precious metals such as silver, gold and platinum that can stored at a choice of locations. You will be able to trade your holdings freely and you will not be subject to taxes. The minimum purchase amount with precious metals accounts is 300,000 US Dollars.
You will be provided with a cash account that is multi currency. These accounts are available in Euros (EUR), US Dollars (USD), New Zealand Dollars (NZD), Australian Dollars (AUD), Swiss Francs (CHF), British Pounds Sterling (GBP), Japanese Yen (JPY), Hong Kong Dollars (HKD), Singapore Dollars (SGD), Canadian Dollars (CAD), Norwegian Krone (NOK) and other major currencies of the world.
Fixed deposit facilities are available through this bank. For account balances over USD 20,000.00 you can place your funds on fixed deposit and the terms are 7, 30, 60, 90, 180 and 270 days or one full year. The interest rates on term deposits are competitive.
The bank is developing a free and highly secure online banking service so that you can access and manage your account from wherever you are in the world on a 24 hour a day basis. All that is required is an Internet connection. With this facility you will be able to see your account balance and view your recent account transactions. As an interim measure, all payments are carried out in accordance with the instructions sent and only from e mail addresses approved in the bank.
The minimum deposit required to open a private account with this bank in the Cook Islands is 20,000 US Dollars (USD). You will also be required to have a minimum account balance of 20,000 US Dollars (USD) in your account at all times.
The account and transaction fees that are charged by this bank are subject to change at any time. It is essential that you check the current fees with your professional Offshore Pro Group international banking consultant. Your consultant will provide advice and guidance so that you can achieve the most preferential rates.
Please Follow This Exact Process To Successfully Open A Private Account With This Bank In The Cook Islands
To be successful with the opening a non-resident personal account with this bank in the Cook Islands it is really important that you please follow this step by step process exactly:
- Contact us via email [email protected] for totally professional advice about opening a private account with this bank in the Cook Islands. It is highly recommended that you initially go through the steps on this page Free Professional Advice On Choosing A Foreign Or Offshore Bank Account.
It is vital that you fully understand the risks of non resident banking in today’s climate and strongly consider opening a second foreign bank account.
- We will provide total professional assistance to you in opening a personal account at this bank in the Cook Islands, and for this you will need to pay a fee of 1999 EUR. You can pay by credit card, bank transfer, Money Gram, Western Union, Web Money or even Bitcoin.
- The bank will require the beneficial owner and all proposed account signatories to supply the following documentaion to open a private account. This will include:
- Copy of the Passport/ ID card, showing number and country of issue, issue and expiry dates, signature and photograph of holder, and date and place of birth
- Proof of address – a notarized copy of a recent utility bill or an original utility bill or bank account statement (not older than 3 months)
- A completed biography for each account signatory (personal background, business interests, location and source of income)
Once you have submitted all of the required documentation we will check them thoroughly and pass them on to the bank as quickly as possible. You will need to wait for 10 business days for your private foreign account in the Cook Islands to be opened at this bank.
To begin the process of opening a private account at this bank in the Cook
Islands, please contact us by email [email protected]