Seychelles vs Cook Islands?

[italkcash]

What is the best location to incorporate for an offshore company if you compare Seychelles and Cook Island? I am not sure if there is any special difference between the two, but it would be nice to hear what others has to say about this issue.

[Offshore]

Seychelles: the agent who formed the corporation must maintain records as to who the owners of the shares of the corporation are including transfers and their address as well.The Working Group consisted of representatives from OECD Member countries as well as delegates from Aruba, Bermuda, Bahrain, Cayman Islands, Cyprus, Isle of Man, Malta, Mauritius, the Netherlands Antilles, the Seychelles and San Marino.

Cook Islands: The issue of revised FATF regulations in 2004 meant that the 2003 legislation had to be reviewed, including the Financial Transactions Reporting Act 2003, Proceeds of Crime Act 2003, Financial Transactions Reporting (Customer Identification) Regulations 2004, Financial Transactions Reporting (Offering Comp.

Offshore entities, as listed above, are exempt from Cook Islands taxation, except that they pay Stamp Duty. As far as companies are concerned, offshore entities are those which are registered under the International Companies Act 1981-2 (as amended); this therefore includes offshore banking and insurance companies.

[FreedomOffshore]

With Europe and North America coming under more and more controls and losing their freedom fast, places like the Seychelles, Cook Islands, Samoa, Hong Kong, Labuan etc. are becoming better places and better preservers of freedom. They are also great places to open up an offshore bank account with the company you set up.

Freedom Offshore Dot Com