Samoa Company Formation

SAMOA COMPANY FORMATION
BANK ACCOUNTS

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:

Exemption from all local taxes and stamp duty
Maximum confidentiality and anonymity
Ease of operation, maintenance and control
Asset security
No disclosure or minimum capital requirements
The minimum number of shareholders is one
The minimum number of directors is one
Corporate directors and shareholders are permitted
Excellent and flexible post-incorporation follow-up services
No statutory requirement to hold annual general meetings

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:

Banking
Insurance, assurance, reinsurance
Fund management
Collective investment schemes
Trust management, trusteeship business provision

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. …

Read More
Natural resources: Hardwood forests, fish, hydropower.
Population: 200,108 (July 2017 est.).
Capital: Apia.

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.

Legal system: MMixed legal system of English common law and customary law; judicial review of legislative acts with respect to fundamental rights of the citizen.
International organization participation:ACP, ADB, AOSIS, FAO, G-77, IAEA, IBRD, ICAO, ICCt, IDA, IFAD, IFC, ILO, IMF, IMO, IMSO, Interpol, IOC, IOM, ITU, OPCW, PIF, Sparteca, SPC, UN, UNCTAD, UNESCO, WHO.

Economy: The economy of Samoa has traditionally been dependent on development aid, family remittances from overseas, tourism, agriculture, and fishing. Agriculture, including fishing, furnishes 90% of exports, featuring fish, coconut oil, nonu products, and taro. The manufacturing sector mainly processes agricultural products. Tourism is an expanding sector accounting for 25% of GDP; 132,000 tourists visited the islands in 2013. The Samoan Government has called for deregulation of the country’s financial sector, encouragement of investment, and continued fiscal discipline, while at the same time protecting the environment.

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

Common.

Language of Legislation and Corporate Documents

English.

Type of Company for International Trade, Investment & Tax Planning

Samoa IC – International Company.

Share Capital

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.

Bearer Shares

Not permitted.

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.

Directors

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.

Shareholders

A Samoa company requires a minimum of one shareholder.

Publicly Accessible Records

No.

Nominee Shareholders and Nominee Directors

Allowed.

Location of Meetings of Directors and Shareholders

Anywhere.

Personal Presence Required

No.

Taxation

Nil.

Double Taxation Treaty Access

None.

Requirements to File Accounts

None.

Requirement to File Annual Return

None.

Audit Requirements

None.

Exchange Control

None.

Language of Name

English.

Restricted Words

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?

Make an enquiry or request a confidential callback or chat with us.

MAKE AN ENQUIRY

REQUEST A CALLBACK

Samoa Company Formation Prices

Samoa Company Formation Package Includes:

Company Name Check
Initial Business Approval
Preparation of Application Documents
Company Registration Fee
Registered Office Address for 1 year
Registered Agent Services for 1 year
Government filing fee
Certificate of Incorporation
Memorandum & Articles of Association
Minutes of first meeting appointing the director(s)
Share Certificate(s)
Register of shareholders
Register of directors

Starting at: $2990

MAKE AN ENQUIRY

Why Choose KGN Services?

We’ve been helping business owners since 1996

Incorporating your business is our focus

We make a complex process fast and easy

We work closely with Companies Registries to guarantee our service

Fastest offshore companies & accounts – Most competitive pricing worldwide