Samoa Offshore Company

About Samoa

Samoa comprises two large islands and seven smaller isles. It is situated in the centre of the Southern Pacific Ocean, approximately equidistant between Honolulu and Sydney, Australia.

Samoa has an excellent international telecommunications system with telex, facsimile and international direct dial facilities via satellite. The region has embarked on drastic structural reforms, with the government heavily encouraging diversification of industry. Recent policies have led to enhanced growth in new manufacturing enterprises and offshore financial services.

The Samoan International Financial Services Authority (SIFA) regulates the Samoan offshore sector and offers two main offshore formation products: an International Company (IC) and a Limited Life Company (LLC), both of which offer global businesses superb offshore products in a highly supportive jurisdiction.

The Samoan government has enticed international investors by modernizing its legislation and streamlining the company formation process.

Benefits of Setting up an Offshore Business in Samoa

  • Samoa has no double taxation agreements with any country
  • Samoa has full political, economic and social stability
  • Samoa is not blacklisted by any international organizations list
  • The jurisdiction has strict asset protection legislation barring all foreign government court orders
  • There are no annual reporting, accounting or any financial auditing requirements for any offshore businesses
  • There are no taxes for any Samoan international offshore companies
  • Confidentiality legislation ensures privacy and criminalizes divulging of any client information
  • Advanced English Common Law legal system
  • English is used in all business and legal settings
  • The islands of Samoa are tropical paradise with a warm temperate climate
  • The Samoan government is very supportive of its offshore finance sector
  • Confidential and secure offshore legislation
  • Samoa has no currency exchange controls. All currencies may be traded freely

Key Corporate Features

Type of Company IC
Type of Law Common
Shelf company availability Yes
Time to establish a new company 5 days
Corporate Taxation Nil
Double Taxation Treaty Access No
Share capital or equivalent
Standard currency US$
Permitted currencies Any
Minimum paid up US$1
Usual authorised US$1,000,000
Minimum number One
Local required No
Publicly accessible records No
Location of meetings Anywhere
Minimum number One
Publicly accessible records Optional
Location of meetings Anywhere
Company Secretary
Required Yes
Local or qualified Yes
Requirements to prepare Yes
Audit requirements No
Requirements to file accounts No
Publicly accessible accounts No
Recurring Government Costs
Minimum Annual Tax / Licence Fee US$300
Requirement to file annual return No
Change in domicile permitted Yes

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