Cook Islands provides 3 categories of licenses for foreign businesses for a variety of business operations.The Combined License is the one to be selected if you want to run a Forex brokerage service.
The Cook Islands comprise of 15 islands dissipated over around 2 million square kilometers of the Pacific Ocean. They lie in the focal point of the Polynesian Triangle, flanked toward the west by the Kingdom of Tonga and Samoa’s and toward the east by Tahiti and the islands of French Polynesia. The capital island of Rarotonga lies straightforwardly south of Hawaii and is a similar distance south of the equator as Hawaii is north. The Cook Islands is simply toward the east of the International Date Line and is ten hours behind Greenwich Mean Time.
The islands are the first idea to have become possessed at some point somewhere in the range of 500 and 800 AD, by individuals from islands in what is presently known as French Polynesia. They came in extraordinary twofold hulled kayaks, exploring by utilizing natural stars, wave developments, and temperature contrasts. These colonizers were accepted to have been the last influx of the Polynesian Migration from Asia that started in 1500BC.
The principal record of Europeans in the Cook Islands came in the late Sixteenth Century with the Spanish wayfarer Alvaro de Mendana locating the Northern Group island of Pukapuka on August 20, 1595. Another Spaniard Pedro Fernandez de Quiros halted for arrangements in Rakahanga on March 2, 1606. After this, there is no further record of European contact for a very long time, until Captain James Cook investigated the gathering in his campaigns of 1773 and 1777. Despite the islands, in the long run, turning into the namesake of the incredible guide, Cook by and by just went shorewards on the then uninhabited island of Palmerston. Amazingly, Cook additionally never located the biggest island, Rarotonga: That honor was left to the rebels on HMS Bounty, who arrived on Rarotonga in 1789, during their departure to Pitcairn. Cook had named the gathering the Hervey Islands, after a British Lord of the Admiralty, yet they were renamed the Cook Islands, to pay tribute to the extraordinary pioneer, somewhere in the range of 50 years after the fact by the Russian map maker, Admiral Adam Johann von Krusenstern.
European settlement in the Cook Islands started with the appearance of the renowned Reverend John Williams of the London Missionary Society, who arrived in Aitutaki in 1821 and afterward on to Rarotonga in 1823, and who, with the help of different preachers, prevailing with regards to changing the locals over to Christianity. The Cook Islands are a mix of 15 islands and atolls situated in the South Pacific with Tonga toward the west, and the Society Islands of French Polynesia toward the east. The 15 islands are separated into two gatherings:
The Northern Group: Manihiki, Nassau, Penryhn, Pukapuka, Rakahanga, and Suwarrow. The Northern Group is the more seasoned of the two and is comprised of indented volcanoes that are presently finished off with coral. Suwarrow has the littlest population out of the relative multitude of islands with just two occupant overseers.
The Southern Group: Aitutaki, Atiu, Mangala, Manuae, Mauke, Mitiaro, Palmerston, Rarotonga (the biggest island and the capital) and Takutea. The Southern Group are considered “high” islands and they are of volcanic cause. Most of the population of the Cook Islands live in the Southern Group, anyway, both Takutea and Manuae are uninhabited.
The Cook Islands are situated toward the east of the International Date Line and are ten hours behind Greenwich Mean Time. Agricultural creation comprises basically of little cultivating, either for homegrown utilization or for shipment to New Zealand. Cassava, yams, and different roots and tubers are the chief yields. Most business fishing is finished by Taiwanese, South Korean, and Japanese vessels working out of American Samoa, however, there is boundless looking for homegrown utilization. A few types of fish make up the essential catch. Phosphate is available on the floor of the Manihiki tidal pond, and there are immense stores of manganese and cobalt and some different metals on the seabed close to Manihiki. Exploratory mining activities started there in 1999. Imported fills are used for energy creation, however, there is some utilization of sunlight based and wind power. The little modern area incorporates garments and shoe assembling and food handling, chiefly for the fare to New Zealand.
Refined pearls and fish are by a long shot the significant fares. The hardware of different sorts, minerals and energizes, and food and live creatures are huge imports. New Zealand, Australia, and Fiji are the main wellsprings of imports; significant fare objections are Japan, New Zealand, and Australia. The Cook Islands is a self-administering state. Albeit New Zealand is ostensibly answerable for protection and for outer undertakings, the Cook Islands has all things considered autonomously settled strategic relations and went into global deals. The proper head of state is the British ruler, spoken to by a designated agent to the islands; the public authority of New Zealand likewise chooses a delegate, known as the high magistrate. Everyday leader power is vested in a bureau headed by the executive and named by the islands’ unicameral Parliament. Parliamentary decisions, with a general grown-up testimonials, are held at regular intervals. The constitution, received in 1965, has been revised a few times. A chamber of inherited pioneers, the House of Ariki (High Chiefs), educates the public authority on customary issues with respect to landownership, custom, and so forth. The two primary ideological groups are the Cook Islands Party and the Democratic Party.
Our team of Money Changing Remittance License consultants for Cook Islands provide free consultation for Money Changing Remittance License in Cook Islands to understand client`s requirements.
Conduct due diligence, KYC and suitability assessment before proceeding for Money Changing Remittance License in Cook Islands.
Filling application forms and other documentation for the application for obtaining Money Changing Remittance License for Cook Islands.
Filling application forms and other documentation for the application for obtaining Money Changing Remittance License for Cook Islands.
Once we apply for Money Changing Remittance License in Cook Islands will follow up with the authorities until conclusion.
Minimum capital requirement: The Act does not define the appropriate amount of capital.The amount shall be decided by the Commission on a case-by-case basis following review of the document.It is advised, however, that the capital should not be less than USD 100 000.
Money changer’s license allows you to only conduct companies that change money, Remittance license allows you to accept cash from consumers and transfer it on to another person living abroad. The combined license to do Forex brokerage business in the Cook Islands should be acquired as it allows the licensee to carrying out both operations (money changing and remittance). However, the minimum capital shall not be calculated by the claimant on the basis of the level and scope of the business operations.
The applicant is likely to hold a permanent commercial role in the Cook Islands.Upon issuance of the certificate, the opening of an additional place of business outside the Cook Islands is not permitted without the permission of the FSC.
The shareholder, agent or other officer of each applicant should be appropriate to occupy such a place.
When you hire us to obtain Money Changing Remittance License of Cook Islands, also known as, Money Changing Remittance Licenseof Cook Islands, Money Changing Remittance License of Cook Islands and Money Changing Remittance License of Cook Islands you can rely on us for our honest effort and support for getting your Money Changing Remittance License of Cook Islands to achieve your business objectives with our surety that “Your relationship is more important for us than money because we earn relationships, money automatically follows, as we all have to earn but you and our clients are very important, that is why we get so many repeat clients and referrals. We dominate the market for Money Changing Remittance License services in Cook Islands making us number 1 choice of companies looking for Money Changing Remittance License Cook Islands due to our efficiency and low cost licensing services for Cook Islands`s Money Changing Remittance License.
We dominate the market for Money Changing Remittance License services in Cook Islands making us number 1 choice of companies looking for Money Changing Remittance License Cook Islands due to our efficiency and low cost licensing services for Cook Islands`s Money Changing Remittance License.
*Note : If you are looking forward for licensing services in a country, which is not listed on our website please Contact Us, we might be able to service and fulfil your requirements.
*Note : Our Company is totally against Money Laundering, Drug Trade, Terrorism and Human Trafficking, hence, WE DO NOT SUPPORT SUCH CLIENTS.
When you apply for Money Changing Remittance License with us for Cook Islands, we also offer extensive support which starts with licensing in Cook Islands but extends to HR support in Cook Islands, bank account opening payment processing in Cook Islands just to name a few.
We have largest company registration services for Cook Islands and 108 Countries.
Our licensing consultants also help with bank account opening in Cook Islands and 108 countries.
Apart from licensing services for Cook Islands, guidance is provided for accepting payments online.
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