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Development Investment Act 1995-96.

Country/Territory
Cook Islands
Document type
Legislation
Date
1996 (2007)
Source
FAO, FAOLEX
Long title
An Act to promote trade, investment and business in the Cook Islands, promote and monitor foreign investment in the Cook Islands, and to encourage the participation of Cook Islanders in trade, investment and business by the establishment of a Development Investment Board.
Subject
General
Keyword
Business/industry/corporations Capacity building Enforcement/compliance Concession Education Subsidy/incentive Inspection Institution Internal trade International trade Liability/compensation Monitoring Offences/penalties Public participation Registration
Geographical area
Asia and the Pacific, Oceania, Polynesia, Small Island Developing States, South Pacific
Entry into force notes
This Act enters into force on 9 September 1996.
Abstract

This Act lays down provisions on the establishment, functions and powers of the Business Trade and Investment Board; regulation of foreign enterprises; appointment and composition of an Appeal Commission; investment priorities, incentives and concessions; obligations of every enterprise registered as a foreign enterprise and every enterprise in receipt of a concession, incentive or benefit; enforcement, offences and penalties. The objectives of the Board are listed in Section 15, as follows: (I) to promote, foster and assist the establishment of investment generally in the Cook Islands; (II) to encourage and advise the private sector in order to make the best sustainable use of resources consistent with national development and investment policies; (III) to promote, coordinate and facilitate trade to, from and within the Cook Islands; (IV) to regulate, monitor and control the direction, extent and scope of foreign investment in the Cook Islands; (V) to encourage and facilitate the participation of Cook Islanders in investment and in the ownership, management and control of investment and business; and (VI) to provide and facilitate training in business related skills as well as provide advisory and other business services to encourage and assist Cook Islanders in business development.

Full text
English
Website
www.paclii.org

References - Legislation

Amended by

Development Investment (Amendment) Act No. 14 of 2019.

Legislation | Cook Islands | 2019

Keyword: Business/industry/corporations, Enforcement/compliance, Concession, Subsidy/incentive, Offences/penalties, Registration

Source: FAO, FAOLEX