2018 April: A recent decision of the Supreme Court of Alaska has provided further evidence that asset protection is best served offshore. Alaska is one of 17 states in the U.S. to have enacted laws allowing for the creation of self-settled discretionary trusts that are protected from...
2018 March: The Financial Services Development Authority has produced its Summer 2018 issue of the Cook Islands Review. The Cook Islands Review is a periodic newsletter taking a look at recent activity, news and events within the Cook Islands financial services industry as well as upcoming...
2018 February: An article titled "To protect and to preserve" by Alan Taylor, FSDA Marketing Director, was published February 2018 in the STEP Journal, Vol 26, Issue 1. In the Article, Alan considers the importance of incorporating appropriate asset protection in wealth and succession planning. The article...
2018 January: The Cook Islands competent tax authority published guidance notes to assist Cook Islands financial institutions in their reporting obligations under the Common Reporting Standard (CRS). As part of its commitment to the automatic exchange of information for tax purposes (AEOI), the Cook Islands has previously...
2016 November: The Cook Islands is complying with its international obligations in relation to anti money laundering and the countering of terrorist financing and transparency and the exchange of financial information to combat tax evasion. It continues to work with international organisations such as the...
According to the recently published Wealth X 2016 report on Family Wealth Transfer (the “Report”), the world’s “ultra wealthy population” (“UHNWIs”), being those individuals with a net worth of at least USD30m, has grown to 212,615 with a combined wealth of USD30 trillion. Despite continued...
In June of this year the Cook Islands passed the Pacific Catastrophe Risk Insurance Facility Act 2016 (the “Act”). The Act sees the formalising of many years of effort by several organisations, including the World Bank, Asian Development Bank and Pacific Islands Forum Secretariat, as...
If you are looking for an asset with low volatility, security against inflation, and can hold its value during unforeseen catastrophic economic events, then you will be interested in Gold and other precious metals. While there is nothing new in buying Gold, what we offer...
We are entering a new phase in our corporate life. After much planning and development, we are pleased to announce an exciting new service, where we can now offer to our client’s true investment management solutions. To deliver this unique service, we are very excited...
Ora was fully represented at a STEP conference held in Auckland, New Zealand earlier this year. Of most interest were discussions around the Clayton case, a matrimonial relationship property, which from observations has turned the spotlight on where New Zealand Trust law stands on some...