Samoa comprises several islands situated approximately
half way on a line drawn between Hawaii and New Zealand.
There is no requirement to disclose the identities
of the officers, directors and shareholders.
● Exchange Control
There is no foreign exchange control and corporations
may transfer funds with complete freedom.
● Company Formation
Samoa is one of the most popular types of offshore
companies. Clients may acquire shelf companies or incorporate
companies with their choice of name. The setting up procedure
can be completed within one week. Following are some basic requirements
for the Samoan companies:-
Company names must contain the words"Corporation",."Inc.","Limited"or
their abbreviations. The name must be in English. If Chinese company
name is adopted,the Chinese name will be shown in the Certificate
Share Capital / Shareholders
The common authorised share capital is US$1,000,000 divided into
1,000,000 shares of US$1 and the minimum issued capital is one
share. Share capital can be denominated in any currency. Bearer
shares are permitted.
A minimum of one shareholder is required. Details of the shareholders
are not of public record but a register of members is required
to be kept at the registered office address in Samoa.
Directors / Secretary
A minimum of one director is required. The Director may be a natural
person or a corporation and need not be a resident in Samoa. Register
of directors is not of public record, but is required to be held
at the registered office address.
The appointment of company secretary is required. The company
secretary may be a natural person or a corporation and need not
reside in the BVI.
Registered Office / Agent
The Samoan companies must have a registered office and a Registered
Agent in Samoa.
● Taxation and Annual Requirements
Companies are exempt from all taxation on capital gains, corporate
earnings, personal income, sales, inheritance of dividends.
Every company must pay an annual license fee and an annual agent
fee which are due for payment by 30 November.
There is no requirement to file audited accounts with the authorities.
However, the companies are required to keep proper records of
books, records, and minutes.