The largest island and administrative centre is Rarotonga. The Islands became self-governing in 1965 but New Zealand retains responsibility for external affairs and defence. The Government of the islands is carried out by a locally elected parliament consisting of 24 members but executive authority still remains with Her Majesty, The Queen of England in her capacity as head of the Commonwealth. The legal system is common law and is closely based on applicable statutes of England. English is widely spoken within the islands.
Communications are excellent and both New Zealand and local currency are legal tender.
A minimum of one shareholder is required and bearer shares are permitted. No details of shareholders appear on the public file. A minimum of one director is required and corporate directors are permitted. Details do not appear on public file. A brief annual return must be filed but no accounts have to be lodged.