Buying a property in Rarotonga, the stunning and serene island located in the Cook Islands, is an enticing venture for those seeking a tropical paradise to call their own.
With its breathtaking beauty and friendly local community, Rarotonga presents an enchanting opportunity for those desiring to own a piece of paradise.
If you are a non-Cook Islander, it is possible to buy an investment property and seek permission to reside in the Cook Islands. Our team is here to help you through all the paperwork and walk you through every step of the process.
Our team works closely with the Business Trade & Investment Board (BTIB), Ministry of Justice, Ministry of Foreign Affairs & Immigration (MFAI), Ministry of Health – Te Marae Ora and the various other government departments.
We offer a professional facilitating service to file all of the necessary paperwork and documentation required with the appropriate agencies on behalf of offshore investors and ensure a seamless and stress-free transition.
All land in the Cook Islands is customarily owned by respective Cook Islands families and is not available under freehold titles.
However, it is possible for a non-Cook Islander to obtain a lease from the landowner(s) to conduct a business or build a home or to take over an existing lease (re-assignment) on a residential property or business.
The maximum lease obtainable by a non-Cook Islander is 60 years. When the term of the lease runs down it is possible to to approach the landowner(s) at any time and have the lease topped back up to 60 years again, however at the landowner(s) discretion.
There are no water or domestic rubbish rates or government property taxes.
There is a yearly rental payable to the landowner(s) depending on the type of lease. The rental is renewable every 5 to 10 years, as stipulated in the lease.
As a guide, any rent increases are upon discussion and can be negotiated with the landowner(s), and generally speaking are usually no more than 10% per 5 years.
Technically only Cook Islanders (descendants or those with Permanent Residency status) or those already here and operating a Cook Island registered business can purchase a lease for a vacant residential section, residential land and residential property in the Cook Islands.
However it is legally possible to reside in the Cook Islands by:
Once you have satisfied the criteria of having a Cook Islands registered company, you can then explore residential property acquisition after a period of around 5 years.
We suggest downloading a copy of the Cook Islands investment code
As outlined in the investment code, note that the preferred level of real capital injection into a project or existing business purchase is 70% to 100%, however each application may be assessed on its own merits.
Depending on the type of business activity, non-Cook Islanders who want to purchase an existing business or set up a foreign enterprise must first obtain approval and register their planned activities through the Business Trade & Investment Board (BTIB).
BTIB is a government agency which monitors foreign investment, encourages both local and foreign investment and promotes trade investment and business in the Cook Islands.
Our team is adept in the foreign investment process, and offers a professional facilitating services to file all of the necessary paperwork and documentation required for investment approval to the Business Trade & Investment Board on behalf of overseas investors and register their new enterprise in the Cook Islands once approval has been granted.
Once you receive investment approval, you will be eligible for an investor visa. This is currently renewable on a yearly basis, however this will change to renewable every 3 years under the new immigration act.
An investor visa allows you to reside in the Cook Islands for the purpose of carrying on the business activity that you have been granted approval for.
This is where our team can help you through all the paperwork and walk you through every step of the process!
To ensure a stress-free and seamless transition, our team works closely with the Business Trade & Investment Board (BTIB), Ministry of Justice – Companies Office Section, Ministry of Foreign Affairs & Immigration (MFAI), Ministry of Health – Te Marae Ora and various other government departments.
We offer a professional facilitating service to file all of the necessary paperwork and documentation required with the appropriate agencies on behalf of offshore investors.
Please contact us to start your journey.
Our focus is to create the very best results for our clients through our innovative and energetic professional approach.