The ISO code of Cook Islands is CK according to the ISO 3166 standard. The local name of the country is the same as its English name. Cook Islands capital city is Avarua. People in Cook Islands speak the English, and Rarotongan languages. In the year 1965, Cook Islands emerged as a sovereign political entity.
Cook Islands has different time zones. They are UTC -10:00 (CKT - Cook Island Time), UTC ( - ).The internet country code top-level domain (ccTLD) for Cook Islands is .ck. The International dialing code for Cook Islands is 682. People in Cook Islands drive on the left side of the road. Total land area of Cook Islands is 236 km² (approx. 91 mi²). Cook Islands is not a landlocked country. It means that is is bordered by at least one major body of water.
Cook Islands is located in Oceania. Cook Islands is considered to be a developed nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life.
Doing business in Cook Islands
We offer various corporate services in Cook Islands jurisdiction. These services can serve both, people coming from Cook Islands and foreigners. If you plan on doing business in Cook Islands you might be interested in contacting us.
To find out about starting your business in Cook Islands click on company formation in Cook Islands.
To find out how to open a bank account in Cook Islands and moreover what type of account Confidus Solutions suggests to create, please click on bank account in Cook Islands.
Choose preferred service below or continue reading to find out more about Cook Islands.
Demographics of Cook Islands
The total population of Cook Islands is 17,411 people. In Cook Islands, the population density is 63 people per square kilometer (164 per square mile). Because of this statistic, this country is considered to be sparsely populated. Cook Islands has approximately 4152 foreign immigrants. The median age is approximately 34.4 years. In Cook Islands, 61 in every 100 people use internet.
The majority religion of Cook Islands is Christianity, Cook Islands is considered to be a developed nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Click on a link to read more on demographics of Cook Islands.
Culture of Cook Islands
People in Cook Islands speak the English, and Rarotongan languages. One of the most popular national dishes of Cook Islands is rakau. To read more click on culture of Cook Islands.
Geography of Cook Islands
Cook Islands is considered to be a large nation because of its total area. Its total land area is 236 km² (approx. 91 mi²). Cook Islands is located in Oceania. Its capital city is Avarua. Cook Islands has no land borders.
The highest point of Cook Islands is Te Manga, with its official height being 652 m (2,139 ft). Including land mass and EEZ, the total area of Cook Islands is approximately 236 km² (~91 mi²). As for natural resources, Cook Islands is known for its copra.To read more click on geography of Cook Islands.
Economy of Cook Islands
The currency of the country is Cook Islands dollar. The symbol used for this currency is $, and it is abbreviated as CKD. 8.2% of population in the country are unemployed. The total number of unemployed people in Cook Islands is 1,428. Each year, Cook Islands exports around $0.01 billion and imports roughly $0.08 billion. The Gini Index of the country is 46.56. Cook Islands has a government debt of 45.8% of the country's Gross Domestic Product (GDP), as assessed in 2014. Cook Islands is considered to be a developed nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Major industries in the country are fruit processing, tourism, fishing, clothing, handicrafts.
The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Cook Islands is $0 billion. Each year, consumers spend around $84 million. The ratio of consumer spending to GDP in Cook Islands is 25%, and the ratio of consumer spending to the world consumer market is 0.0002. The corporate tax in Cook Islands is set at 20%. Personal income tax ranges from 0% to 30%, depending on your specific situation and income level. VAT in Cook Islands is 15%. To read more click on economy of Cook Islands.
Infrastructure of Cook Islands
There are 3,562 internet hosts in Cook Islands. Cook Islands has 11 airports nationwide.
The number of road motor vehicles per 1000 inhabitants in Cook Islands is 177. To read more click on infrastructure of Cook Islands.
Politics of Cook Islands
Cook Islands, is a constitutional monarchy.
In Cook Islands, the legislative power is vested in a Parliament. To read more click on politics of Cook Islands.
Environment of Cook Islands
Cook Islands emits 3.45 metric tons per capita of CO2. The number of road motor vehicles per 1000 inhabitants in Cook Islands is 177. To read more click on environment of Cook Islands.
Company formation in Cook Islands
The development of telecommunications and economic globalization has made it possible for interested investors to form companies around the world. With proper research, financial investments, and legal backing, business ventures can safely be established in Cook Islands.
When establishing a company in Cook Islands, an interested investor must do due diligence with regard to legal processes, international regulations, and sufficient investment for success. It is critical to understand cultural, social, and political factors of Cook Islands that will affect the establishment and growth of one's business. Contact us or click on company formation in Cook Islands to read additional information when setting up a business.
Bank account opening in Cook Islands
With the right paperwork and initial outlay, it is possible for a foreign citizen to open a bank account in Cook Islands. This opportunity for international accounts and investments offers several advantages based on economic regulations and tax structures. Interest rates and fees vary depending on your interests.
When considering opening a bank account in Cook Islands, one must enlist the help of international experts to guide them through the process. To find out more about our banking services click on bank account in Cook Islands or contact us.