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COMPANY REGISTRATION IN SUMOA
COMPANY REGISTRATION
IN
SAMOA
Samoa consists of a group of islands situated in
the central part of the Pacific Ocean, in the midst
of Polynesia. New Zealand is less than 3,000 km
away, and Samoa and the Hawaiian Islands are
separated by little more than 4000 km.
Samoa consists of two main islands.
INTRDUCTIO
N There is predominantly indigenous population in
Samoa; they are Polynesians, but it should be
noted that the British people are also present.
Samoa is characterized by tropical climate, good
hotels, and beautiful beaches.
-Court of Appeal;
- Supreme Court;
- Other Courts.
The legal system of Samoa is based on the basic
principles of English common law system.
The Central Bank of Samoa is fully responsible for
monetary policy, manages the currency reserve,
LEGAL governs the operation of commercial banks and supervises the activities of Samoa offshore
SYSTE IN companies.
The local monetary unit is the Samoan Tala.
SAMOA Residents of Samoa, in contrast to persons related
to offshore companies in Samoa, are subject to
currency control by the state.
Traditional economic orientation for the Pacific
region is also characteristic of Samoa. This
includes fishing, agriculture, as well as tourism. It
is tourism that provides for up to 25% of Samoa's
GDP. In order to stabilize the economy, the
government is taking measures to develop the
financial sector.
HOW IS IT COST-EFFICIENT TO
REGISTER A COMPANY IN SAMOA
- Samoa is not
included in the - Ensuring the
OECD and FATF confidentiality of Political and social
stability; black lists
data on the owners
(meaning that the of the business in
jurisdiction has Samoa at the
good reputation); legislative level;
- Good relations - Quite affordable
with economic and cost of registration
financial centers of and acceptable
other countries; amounts of annual payments
- is exempt from
paying taxes (with - can own real estate
insignificant in the territory of
WHAT CAN restrictions); Samoa;
A COMPANY
IN SUMOA - conduct activities
which involve
DO carrying out interaction with - build versatile
banking institutions business
or insurance relationships with
organizations residents of Samoa
without obtaining state.
corresponding
licenses;
FEATURES OF A REGISTERED
COMPANY IN SUMOA
It is possible to conduct any legitimate activity.
Registration office and registration agent of the company have to be located in Samoa.
The name of the company in Samoa should end with the such abbreviations as Ltd, Corp, Inc, NV, GmbH, SA. Legislation of
Samoa has also special provisions stating that the official name of the company, its Charter and Memorandum of Association do
not necessarily have to be compiled in English, but in any other language, including Chinese dialects.
The proposed authorized capital is $ 1 000 000 (it is not required to pay the authorized capital).
Bearer shares are not permitted.
No-par value shares are inadmissible.
Minimum number of shareholders for registration of offshore company in Samoa is one (natural person/legal entity).
Minimum number of Directors for IC in Samoa is also one (natural or legal person).
Nominee shareholders and directors are allowed.
FEATURES
Information regarding the beneficial owner and banking operations is not available to third parties, and it can only
be disclosed in accordance with the decision of the local court.
Meetings of shareholders and directors can be held anywhere in the world.
The place of storage of the company's documents is selected by the participants of the company.
It takes about two weeks to register offshore company in Samoa .
Concerning protection of the company's assets, it should be noted that the state will not require the decision to
strike off IC in the court due to the existence of any tax debts. The fact is that for the court in Samoa any tax can
not be considered a debt.
Therefore, in Samoa, any offshore structure will be reliably protected from interference by the tax authorities of
other states and attempts to strike off the enterprise.
In addition, legislation of Samoa provides for the possibility of transferring the company's assets to another person
under "special circumstances".
The prospective customers need to
provide the following documents:
Passport copies of beneficial
DOCUMEN owner(s) and Director(s)
TS
REQUIRED Bank reference letter certifying beneficial owner(s) have good
standing
Contact information with the
physical address. Bottom of Form
Each step of the registration process is outlined here:
Company Details- You must provide various details of your company for
the Samoa Register.
COMPANY Company addresses- You must both a physical address and a postal address when incorporating a company.
REGISTRATI
Director details- Each company must have at least one director. There are
ON some restrictions regarding who can be a director of a company.
PROCESS Shares & shareholders- Each company must have at least one share and
one shareholder. You need to record the full name and address of each
shareholder.
Review- Review your application details before proceeding to the final
step.
Payment- You must pay the application fee to complete your application.
Payment can be made at the MCIL office in either Apia or Savai’i.
The international companies in Samoa are entitled to
conduct business outside the country as well. Although
there may be restrictions in certain sectors for IC’s such
as trade or real estate. Income accrued offshore by an
International company is not taxed that is it is tax
TAXATION exempted. International companies in Samoa are often
used as holding companies for investment holding, asset
ASPECT IN protection and also for international trade. Dividends paid
SUMOA are received by an International company are not subject
to taxation. Capital gains are also not taxable. A capital
gain tax is levied on the profits that the corporation or
natural person realizes when the person sells a capital
asset at a rate higher than the purchase price. The VAT
rate in Samoa is 15% and there is no wealth tax charged.
Also, there is no inheritance tax in Samoa
THANK YOU
!!
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