Samoa Company. Samoa Offshore Company. Samoa Company Formation.
KGN Services specializes in Samoa Company Formation and opening bank accounts.
Make Your Business Prosper
Increasing globalisation offers numerous opportunities for business owners everywhere to cut down on unnecessary expenses. Though offshore companies are errantly referred to as something illicit or unlawful, the fact is that this determination is completely wrong.
Running an offshore enterprise just means that you carry out some of your financial transactions overseas. Offshore businesses help you to gain more in profit, avoid the strict jurisdiction of your home country, and they add other benefits as well. At the same time, you have to adhere to a number of rules in the country where you form your offshore company. There are a handful of countries where offshore businesses are heavily concentrated. The Samoan Islands are known to be one of the most common countries for offshore businesses. Samoa company formation provides a lot of clear advantages.
Is a Samoa Company Set Up Taking Advantage of a Tax Heaven?
The Samoan Islands are a group of islands located in the South Pacific Ocean, about halfway between Hawaii and New Zealand. Needless to say, setting up a Samoa offshore company is reported to be one of the most lucrative ways to start an offshore business. The country has many years’ experience as an offshore destination. There are a few reasons for its success. They include:
Some Details About Samoa Corporations
Though Samoa is a rather permissive offshore territory, there are still some restrictions to be aware of. To maintain the legitimacy of offshore activity, these rules should always be obeyed. For example, any offshore company founded on the islands cannot trade within Samoa. In addition to that, some financial procedures are restricted. They include:
Additionally, certain terms must first receive official justification. You will need to be aware of that if you use words such as assurance, bank, building society, royal, trust company or trustee company. On top of that, the name of a company has to include the words Ltd, Corp., Inc., or S.A.
Aside from that, it is convenient that Samoan jurisdiction does not require an enterprise’s owners to be present in person to set up a company. Directors’ and shareholder meetings can be held anywhere in the world. The standard package for Samoan company formation starts at just $990.
Samoa – General Information
Location: Oceania, group of islands in the South Pacific Ocean, about halfway between Hawaii and New Zealand.
Area: total: 2,831 sq k, land: 2,821 sq k, water: 10 sq km. …
Time Zone: UTC+13.
Languages: Samoan (Polynesian) (official) 91.1%, Somoan/English 6.7%, English (official) 0.5%, other 0.2%, unspecified 1.6% (2006 est.).
Government type: Parliamentary republic.
Currency: Tala (SAT).
Samoa Company Formation – Key Facts
Principal Corporate Legislation
The Associations Law of the Republic of the Marshall Islands 1990.
Type of Law
Language of Legislation and Corporate Documents
Type of Company for International Trade, Investment & Tax Planning
Samoa IC – International Company.
Standard authorised share capital is US$1,000,000. Minimum paid up share capital is US$1.
Classes of Share Available
Registered shares, shares of no par value, preference shares, redeemable shares and shares with or without voting rights.
Restrictions on Trading
A Samoa offshore company cannot trade within Samoa. Banking, insurance, assurance, reinsurance, fund management, collective investment schemes, trust management, trusteeship business provision are not permitted.
Registered Office Required
Each Marshall Islands Offshore Company must have a Registered Office in the Marshall Islands, provided by a licenced service provider.
A Samoa company requires a minimum of one director. Director can be of any nationality and need not be resident in Samoa. Corporate directors are permitted.
A Samoa company requires a minimum of one shareholder.
Publicly Accessible Records
Nominee Shareholders and Nominee Directors
Location of Meetings of Directors and Shareholders
Personal Presence Required
Double Taxation Treaty Access
Requirements to File Accounts
Requirement to File Annual Return
Language of Name
Words such as “Assurance”, “Bank”, “Building Society”, “Royal”, “Trust Company”, “Trustee Company” etc. will require justification.
Name of a Company
The words Ltd, Corp., Inc., S.A. must be part of the name of every Samoa company.
Time to Incorporate
One day, although, subject to the time zone of the client, companies can be incorporated yesterday!
Questions? Need Advice?
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Samoa Company Formation Prices
Samoa Company Formation Package Includes:
Starting at: $2990
Why Choose KGN Services?
People Also Ask
Is Samoa a Tax Heaven?
Yes, Samoa reminds businessmen of tax heaven due to very gainful conditions for an offshore company. But some simple restrictions still exist.
Services related Samoa Company Formation
KGN Services has helped people to develop their offshore business on the Samoan Islands since 1998. The corporation works tightly with the Samoa Companies Registry. They also have created a special system to simplify complex financial procedures. The company provides services including:
If you have decided to start your own offshore company, then Samoa is definitely a place you should keep in mind. Just follow the instructions and be mindful of the specific requirements. Setting up an offshore company provides a completely unique opportunity to bring your business to a whole new level.
KGN Services | Samoa Company | Samoa Company Formation | Samoa Companies
Tags: Offshore Samoa | Samoa Company Registration | Samoa Company Formation | Samoa Offshore
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KEY OFFSHORE JURISDICTIONS
Latin America and the Caribbean
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Requirement to File Annual Return