FreedomBankingPlus
Destinationsthe Cook Islands
🇨🇰

Open a bank account in the Cook Islands

⚠ CRSFully remoteNon-residents OKfrom £1,500

Who we work with

We work with a specialised offshore private bank that offers remote opening. Minimum deposit USD 250,000.

About this destination

The Cook Islands are a renowned offshore financial centre in the South Pacific, known for strong asset protection and solid legal certainty. A CRS member since 2018, they offer a modern banking system under English-derived law with attractive terms for international clients.

Banking system

All figures are indicative and subject to change. Not investment advice.

Key banks
ANZ Bank Cook Islands, Bank of the Cook Islands, BSP Financial Group
Credit rating
No sovereign rating of its own; closely aligned with New Zealand (AA)
Deposit guarantee
No formal state deposit-guarantee scheme; banks are supervised by the Cook Islands Financial Supervisory Commission
Currency
New Zealand dollar (NZD)
Inflation
approx. 3–5% p.a.
Deposit interest
1–3% p.a. on savings accounts
Banking secrecy & CRS
CRS member since 2018, automatic data exchange with partner jurisdictions.

Similar jurisdictions

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Mauritius
CRS, remote private banking
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Bermuda
CRS, exclusive offshore
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Cayman Islands
CRS, offshore centre

Knowledge & background

Why bank outside the EU?

EU account registers, EAPO, bail-in risk and de-banking — the full picture.

How our service works: step by step

Five steps from order to activated account.

Enforcement-proof accounts abroad: what the term really means

EAPO, Lugano, foreign judgments — an honest assessment.

Declaring your offshore account: what you must report

CRS, FATCA and national reporting obligations explained clearly.

Questions first?

We'll tell you within 24 hours whether this destination fits your profile.

Quick overview

CRS status⚠ CRS
Minimum depositfrom USD 250,000
Remote openingFully remote
Non-residentsNon-residents OK
Service feefrom £1,500

Not sure if this fits? Free consultation →

Requirements note

Proof of address and phone number must come from the same country — and that must be a genuine residence, not a PO box address. Our Nomad Package sets up a recognised address in the Philippines, including all required documents. Fully remote, no travel required. Ready in 1–2 weeks.

What's included in our service

  • Personal bank introduction
  • Document preparation and review
  • Application coordination
  • Ongoing support until account is active
  • Compliance and AML guidance

All information is provided for general guidance only and does not constitute legal, tax, or financial advice. Regulations and bank policies change; always verify current requirements before proceeding.