Cook Islands' Parliament passes Seabed Mineral Bill 2021

The Cook Islands Seabed Minerals Amendment Bill 2021 passed in Parliament in March was to make clear that only Cook Islands limited companies may apply for a seabed minerals license or permit.

According to the Cook Islands News and the Cook Islands Seabed Minerals Authority reports, the 2021 amendment was to help tighten potential ambiguity in certain provisions of the Seabed Minerals Act 2019 which could allow a Limited Liability Company (LLC) to apply for a license.

This follows a statement by the Seabed Minerals Authority that one of the four applications they received was by a LLC whilst the other three were Cook Islands registered companies.

More info.: Cook Islands Seabed Minerals Authority

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(Photo: CSMA)