Introduction to the registration advantages of Cook Islands Flag of convenience
The procedure of registering Cook Islands flag is fast, simple and efficient. The registration procedure and mortgage registration are simple but comprehensive, ensuring the integrity of ship information and protecting the interests of ship owners and mortgagors
The Cook Islands registry has established an online database. China's registration agent can complete all registration and certificate processing without going through the headquarters, saving time and cost.
The acting Registrar can verify or confirm the validity of the information without the need for a lawyer to witness.
After receiving all the electronic documents that need to be submitted, the registered agent in China can issue endorsement confirmation on the same day, which is valid for three months without restriction.
The agent of the Cook Islands registration department in China can help you understand all registration procedures and authorize the issuance of Cook Islands certificates in the local language at local time.
With a stable democratic government and a legal system based on British law, the Cook Islands has become a model for other Pacific island countries
The receiving ship Guangzu can be rented in or out.
The Cook Islands is one of the largest yacht registrations in the world.
No Cook Islands business tax is payable
The Cook Islands has authorized the International Classification Society IACS to issue statutory certificates
Cook Islands Flag of convenience registration process
The registration process is divided into two steps, first temporary registration,
Procedures for handling temporary certificates:
-Apply to register a company in the Cook Islands, or a foreign company has been registered in the Cook Islands
-Fill in the ship registration application form,
-Provide a copy of the construction certificate (if new shipbuilding)
-Copy of the deed of sale (if there is a sale)
-Copies of all certificates issued by the previous flag state and Classification Society
-Copy of list of shareholders and shares
-If the applicant is a person authorized by the ship owner, a copy of the power of attorney shall be provided
-Fax the remittance voucher to us and apply for registration;
The Shanghai office directly issues the temporary certificate and sends the original to the address you specify;
Information required for long-term certificate:
Original application form
Copy of the business license of the Cook Islands ship owner. Please provide a copy of the passport photo page of the member or the certificate that the company has been registered in the Cook Islands
Notarized construction certificate
Original deed of sale
Original cancellation certificate of the previous flag State
Copy of classification certificate
Copy of ship oil pollution insurance certificate (including crew insurance)
A confirmation letter issued by a radio Clearing Company approved by the Cook Islands certifying that they provided radio account services for the ship
Original list of shareholders and shares
Original power of attorney
Confirmation that the ship has been marked （FORM 10）
Copy of cancelled CSR issued by previous flag State
Confirmation report of passing LRIT test
The Registrar shall issue a long-term registration certificate if the information is complete. If the information is not complete and the long-term registration cannot be completed on schedule under special circumstances, the Registrar may issue an extension certificate according to the circumstances.
Authorized registrar
On April 26, 2010, the Cook Islands Maritime Authority issued a letter of appointment appointing Ms. Zhou Mei and Ms. Xie Jinmei as the chief Registrar of the Cook Islands Maritime Authority (IMC) in China. They can directly issue the following certificates in Shanghai, saving time for ship owners:
REGISTRY CERTIFICATE
RADIO STATION LICENSE
MINIMUS SAFE MANNING CERTIFICATE
CONTINUOUS SYNOPSIS RECORD
CREW ENDORSEMENT
BUNKER CONVENTION CERTIFICATE
Power of attorney of the Registrar
Yacht registration service
Private yachts / commercial yachts can be registered in the Cook Islands, which is one of the largest yacht registration countries
According to the 2007 ship registration regulations, yachts do not need to register Cook Islands companies and can join the Cook Islands sailing Squadron (ciys), which meets the requirements of Cook Islands for shipowners and is cheap.
The registration system of large yachts is implemented in accordance with regulation LY2
The registration of yachts with gross tonnage less than 500gt does not need any requirements of classification society
There is no need to apply for a Cook Islands company for yacht registration in the Cook Islands
The Cook Islands registry provides efficient and professional services through its direct registration center in Shanghai, China
The Cook Islands also provides fishing vessel registration.
Cook Islands ship mortgage registration
The Cook Islands is a legal system based on English law. The court is famous for its efficiency, integrity and transparency. It is one of the countries with the fastest ruling in the world. The Cook Islands high court hearing is composed of current and retired judges of the New Zealand high court. For general cases, it is completed within a few weeks.
Based on the legal system of the Cook Islands, the rights of the mortgagee are well protected and attract the support of many banks for ships flying in the Cook Islands.
The provisions on ship registration of ship mortgage:
Ships or ship shares can be used as mortgage or guarantee for loans
The mortgagee has the right to apply for mortgage registration
The date and time of mortgage registration shall be subject to the acceptance of mortgage by the Registrar of Rarotonga
The mortgage registration shall use the priority according to the registration time.
The registration of mortgages in the Cook Islands is not affected by the bankruptcy of the mortgagor
The registered mortgage has priority over any other debt;
In case of default by the mortgagor, the consent of the priority mortgagee is only required or the mortgagee has the right to sell the ship according to the ruling of the Cook Islands high court
For a ship registered as a mortgage, the registrar has no right to:
Transfer the ownership of the ship or any other rights and interests of the ship without the consent of the mortgagee
Cancel the registration of the ship
Cook Islands profile
Physical geography
Located in the South Pacific Ocean, between French Polynesia and Fiji, it belongs to Polynesian islands. The total area is 240 square kilometers. It is composed of 15 islands and reefs, which are distributed on the sea surface of 2 million square kilometers. It has a tropical rain forest climate. The average annual temperature is 24 ℃. The average annual rainfall is 2000 mm. The Cook Islands maritime authority is located on Rarotonga, the largest island in the Cook Islands.
Brief history
In 1773, Captain Cook of England explored here and named it "cook". It became a British protectorate in 1888. It became a dependency of New Zealand in June 1901. In 1964, a referendum was held under the supervision of the United Nations to adopt the constitution. On August 4, 1965, the constitution came into force. The Cook Islands exercised complete internal autonomy, enjoyed complete legislative and executive power, had free contact with New Zealand, and was responsible for defense and diplomacy. The islanders are both British subjects and New Zealand citizens.
Economics
It belongs to the natural economy, mainly including travel industry, agriculture (tropical fruits), fishing industry, black pearl breeding industry and offshore finance. Tropical fruits are mainly planted in the southern micro Atoll, while coconuts and fishing are mainly planted in the northern Atoll. Fiscal revenue is heavily dependent on foreign aid. Travel industry is the pillar industry of economy and the main channel to solve employment. The income of travel industry accounts for about 40% of GDP. The main travel points are Rarotonga island and Aitutaki island. The industry includes small factories for processing fruits and producing soap, perfume and travel T-shirts, as well as workshops for the travel industry to manufacture and process Cook Islands commemorative coins, stamps, shells and handicrafts. The resources of manganese nodules on the seabed are rich and need to be developed. The warehouse produces coconut, banana, orange, pineapple, coffee, taro, mango and papaya. Raise pigs, goats and poultry. The Cook Islands has a sea area of 2 million square kilometers, rich in marine resources, and the breeding industry of black pearls has developed rapidly.
International Relations
Under the autonomy act, the Cook Islands has the right to accept foreign ambassadors and develop relations directly with foreign institutions.
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