The Cook Islands is a self-governing territory in free association with New Zealand. This means that while the Cook Islands has its own government and is responsible for its internal affairs, New Zealand provides defence and foreign policy representation on its behalf. The local currency is the New Zealand Dollar. The Cook Islands has a parliamentary democracy with a system based on the British Westminster model. The country is divided into constituencies, and elections are held every four years to elect members of Parliament. The Prime Minister is the head of government, while the King of England is the symbolic Head of State.
The Cook Islands is widely recognized as the leading asset protection jurisdiction for offshore trust structures and provides extremely favorable conditions for companies and foundations. Throughout the 1980s Southpac worked with leading attorneys to develop legislation which continues to offer the gold standard in asset protection today.
Southpac Trust Limited offers International Trusts, Limited Liability Companies (LLCs), International Companies (ICs) and Foundations in the Cook Islands. It can also offer trust protector services, corporate managers for LLCs, and corporate council members/enforcers for foundations.
Legislation governing our Cook Islands products is available through the Cook Islands Financial Supervisory Commission website.