Your quick guide on talent and labor compliance norms in Cook Island
New Zealand Dollar (NZD)
English and Cook Islands Māori
GDP per Capita
Cook Island is a self-governing archipelago located in the South Pacific Ocean in free association with New Zealand. The country has many opportunities for development and growth. The GDP of Cook island increased by 3.1% in the past years. The country mainly focuses on service industries and tourism to improve the GDP.
Major economic hubs:
Avarua, Amuri, Avatiu
Skills in demand:
Digital Marketing, IT engineer, software engineer, and Developer.
Top Universities of Cook Island are:
Takamoa Theological College
The average monthly salary of some jobs available in Cook Island is as follows:
|Job Title||Avg. Monthly Salary (NZD)||Avg. Monthly Salary (USD)|
|Financial Manager||9,300 NZD||5689.04 USD|
|General Manager||8,340 NZD||5101.79 USD|
|Business Development Manager||7,710 NZD||4716.40 USD|
|Financial Analyst||6,030 NZD||3688.70 USD|
|Business Analyst||5,990 NZD||3664.23 USD|
|Project Manager||5,120 NZD||3132.03 USD|
The payroll cycle in Cook Island is Monthly.
The minimum wage in Cook Island is NZD 8.00/hour.
The overtime rate is 1.5 times the monthly wage.
There is no statutory law for 13th-month pay in Cook Island
In New Zealand Dollar
|Taxable Income (NZD)||Rate||Payable Tax|
|Ranges from 0 to 14,600||0%||NIL|
|Ranges from 14,601 to 30,000||17%||17 cents for each 1 NZD above 14,600 NZD|
|Ranges from 30,000 to 80,000||27%||*2,618 NZD + 27 cents for each 1 NZD above 30,000 NZD|
|Above 80,0001||30%||*16,118 NZD + 30 cents for each 1 NZD above 80,000 NZD|
|Annual Taxable Income||Income Tax Rates (%)||Deductible Amount (EUR)|
|Up to 7,112||14.5||Nil|
|Ranging from 7,113 to 10,732||23||604.54|
|Ranging from 10,733 to 20,322||28.5||1,194.80|
|Ranging from 20,323 to 25,075||35||2,515.63|
|Ranging from 25,076 to 36,967||37||3,017.27|
|Ranging from 36,968 to 80,882||45||5,974.54|
|80,882 and more||48||8,401.21|
Note: Depending on the employee income above the tax-free threshold, calculate the payable tax for each income bracket. For instance, the payable income between 14,601 NZD and 30,000 NZD is 17 cents for every dollar. For the tax bracket 30,000 NZD to 80,000 NZD, the employee has taxed 27 cents.
The standard VAT rate is 15% on Cook Island.
Offboarding & Termination
Both parties can terminate the employment contract based on the requirement. The employer can terminate the contract on the following terms:
The notice period in Cook Island is one week.
In Cook Island, there is no statutory law for severance pay.
Visa and Immigration
Any individual to work from Cook Island needs to apply for a work permit in the Ministry of Foreign Affairs and Immigration. Also, the individual has to provide all the personal documents with the employee contract and Health clearance check. Before traveling to the country, police checking is essential.
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