Cook Islands To Announce Permanent Residency Awards
Cook Islands Foreign Affairs and Immigration Minister,
Wilkie Rassmussen, has announced that the next Permanent Residency ceremony will
be held in December of this year.
This will give the Ministry time to notify PR holders living outside the Cook
Islands that they need to respond, or they will have their PRs revoked, the government has announced. According to the Minister, PR holders who have lived outside the country for
more than three years are liable to lose their permanent residency rights. The Ministry must also ascertain
the numbers who have passed on since being awarded their PR. The Minister explained that the Government, since the 1970s, had set the limit to 500 PRs to
be granted. So far, 425 have been issued and 75 certificates remain to be issued.
There are about 120 current applications that require the Ministry to use the "priority
system". Rassmussen went on to reveal that PRs would be awarded to those married to, or in relationships
with, Cook Islanders who have been living in the country for over five years. A comprehensive report in our Intelligence Report series giving background tax and residence information on many of the key offshore jurisdictions is available in the Lowtax Library at http://www.lowtaxlibrary.com/asp/subs_reports.asp and a description of the report can be seen at http://www.lowtaxlibrary.com/asp/description_report4.asp
|
|
IMPORTANT NOTICE: TAX-NEWS.COM has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments. All materials on this site copyright TAX-NEWS.COM 1999 to 2007. Contact us for further information.