-->Establish companies

SAMOA

Location

Samoa comprises several islands situated approximately half way on a line drawn between Hawaii and New Zealand.

Confidentiality

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:-

Name

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 of Incorporation.

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.