Samoa

Predominant features and advantages of international business companies in Samoa:

  • Legislation - SIFA - Samoa International Finance Authority - http://www.sifa.ws/
  • Companies incorporated under the International Companies Act of 1987 are not liable to pay any income or corporation tax.
  • No filing of accounts or submitting annual returns is required.
  • The law protects the confidentiality of the beneficial owner and the offshore companies.
  • Samoan legislation also offers asset protection in a section of the Act (Section 228(B)), whereby a member can elect that his shares in the company can be automatically vested in a specific person on the occurrence of a specified event, such as foreign expropriation or court order.
  • An International Company has all the powers of a natural person. It may acquire, hold, dispose or deal with any other company association or business.
  • Samoan statutory limitation for a creditor to petition the court for the reinstatement of a corporation previously struck off is only 2 years.
  • Low Government fees for re-domiciliation.
  • There are no Foreign Exchange controls. No TIEA (Tax Information Exchange Agreement).
  • The names and corporate documents of an International Company may be in any language.
  • No disclosure of Beneficial Ownership to Authorities.
  • The usual authorised share capital is US$ 1,000,000, which may be expressed in any currency. The minimum issued capital is one share of no par value or one share of par value.
  • Registered shares of par or no par value, preference shares, redeemable shares, shares with no voting rights and discounted shares are available.
  • A company is required to maintain financial records, which reflect the financial condition of the company.
  • Registered Office is required to be maintained in Samoa at the address of the licensed agency.

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