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International Companies (Amendment) Act 2007

COOK ISLANDS

INTERNATIONAL COMPANIES (AMENDMENT) ACT 2007

International Companies Amendment

Examined and certified by:

Clerk of the Parliament

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In the name and on behalf of Her Majesty Queen Elizabeth the Second I hereby assent to this Act this 13th day of March 2007

Sir F. Goodwin, KBE
Queen's Representative

ANALYSIS

Title

l. Short Title
2. Application of other Acts to international companies
3. Exemption of non-resident recipients of income

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2007, No. 5

An Act to amend the International Companies Act 1981-1982

BE IT ENACTED by the Parliament of the Cook Islands in Session assembled, and by the authority of the same as follows:

1. Short Title - This Act may be cited as the International Companies (Amendment) Act 2007 and shall be read together with and deemed part of the International Companies Act 1981-1982 ("the principal Act").

2. Application of other Acts to international companies - Section 249 of the principal Act is amended by omitting from subsection (5) the expression "(other than a trustee company)".

3. Exemption of non-resident recipients of income - Section 250 of the principal Act is amended by omitting from subsection (b) the expression "other than a trustee company".

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This Act is administered by the Ministry of Finance and Economic Management