Cook Islands News

Signing of TIEA between the Cook Islands and the Kingdom of Belgium

2015 Sept: The Cook Islands signed its 21st Tax Information Exchange Agreement (“TIEA”) with the Kingdom of Belgium in Brussels on 21 August 2015. The signing signifies further progress by the Cook Islands in meeting our international tax obligations.

The Minister of Finance, Honourable Mark Brown stated that “these signings are an important step for the Cook Islands in demonstrating its international cooperation ....”

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Industry News

Global Island News Interview

2015 Sept: Tamatoa Jonassen, CEO of the Cook Islands Financial Services Development Authority was recently interviewed by Global Island News relating to the financial services industry in the Cook Islands. The article titled "Cook Islands: Where East Meets West" will be is available in the October edition of Global Island News or online here.

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Order Designating Foreign Governments

2015 Sept: The Financial Institution (Provision of Customer Information) Act 2013 ("Act") passed in 2013 was designed to remove legislative barriers which prevent Banks and Trust Companies that operate in the Cook Islands from providing to the tax authorities of other countries information relating to their citizens. The Order in Executive Council passed this month officially designates the United States of America, Australia, and New Zealand as the foreign countries that the Act will apply to. This Order is part of the Cook Islands continued commitment towards a globally competitive and reputable financial industry.

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Upcoming Events

Please join FSDA at the following events to learn more about how
the services of the Cook Islands are ideal for your clients.

November 4-5 - China Offshore Summit, Shanghai, China.

January 11-15 - Heckerling Institute, Orlando, Florida, USA.