Cook Islands LLC

[greekadonis]

Hi,

I am a UK citizen and have a UK based business. I currently live in Australia.

I am looking to set up a LLC & TRUST to protect my assets and transfer my dividends into the LLC and reduce tax.

can anyone advise the best way to set this up and should I have the LLC bank account in the Cook islands or another jurisdiction?

Thanks

GA

 

[Clank]

Usually people open the bank account in Switzerland for the LLC.

 

[greekadonis]

Usually people open the bank account in Switzerland for the LLC.

thanks, do you know of any that are good to use?

 

[Clank]

thanks, do you know of any that are good to use?

How many millions are you planning to deposit?

 

[greekadonis]

How many millions are you planning to deposit?

1

 

[Sols]

Speak with Asiaciti Trust or Southpac Trust. They'll handle it for you, including helping you open a bank account.

For 1 million (assuming USD/equivalent), they'll probably discuss banking options with you in Singapore, Hong Kong, and Switzerland.

They might also bring up Capital Security Bank in Cook Islands, but it's more common for clients with under a million to deposit.