News Analysis: The Banking System operational in the Cook Islands in The Pacific Ocean was designed in large part by a Denver, Colorado, USA Attorney. In doing so, he created “A Banker’s Bank”, some say, in terms of assets being retained by the Depositor.
An Analysis of the Cook Island Banking System actually reveals the truth Investors should know.
Reference: http://www.icij.org/offshore/paradise-untouchable-assets
The Cook Islands were an ‘affiliate’ of New Zealand. It received its “Freedom” some years ago and decided to incorporate the best Legal Elements of the ‘British Common Law” while modernizing its Banking Laws. Assisted by a capable Denver, Colorado Attorney, it established not only “Non-Visibility Of Deposits” but also “Non-Access Of Deposits” by others than the Depositors themselves.
A person deposits his or her monies in a local Bank because of the obvious inherent Protection offered by the Establishment. The Cook Islands does similar, but MUCH BETTER, for Foreign Depositors in that locale.
Trusts originating anywhere in the World can establish Accounts in Cook Island Banks and attain a level of Safety from ‘Raiders’ (Legal or Otherwise) from removing the Assets. Individuals who merely want to NOT put “All their Eggs in One Basket” should consider the Cook Islands. All they have to do is Declare the Deposits to their Tax Authority where they live. This is not Tax Evasion, nor even Tax Avoidance but “Active Asset Protection” (AAP).
For: Professionals subject to Spurious Lawsuits; Relationships that are morphing through time into ‘Common-Law’ Marriages; or, High Profile Occupations subject to Extortion or Kidnapping by Miscreants, Cook Islands Banking is Ideal.
An “Ounce of Safety is worth a Pound of Cure” especially to Entrepreneurs, Nabobs, or Professionals who want to Sleep Restfully at Night. Cook Island Bank Deposits can provide them with “Comfortable Beds”.
Reality.