Samoa Incorporation of Companies -

SAMOA INCORPORATION
BANK ACCOUNTS

Samoa Company Samoa Offshore Company. Samoa Incorporation of Companies.

KGN Services specializes in incorporation in Samoa and opening bank accounts.

Make your business flourish

Increasing globalization offers many opportunities for business owners everywhere to cut unnecessary expenses. Although offshore companies are wrongly referred to as something illegal or illegal, the fact is that this provision is completely wrong.

Running an offshore business simply means that you conduct some of your financial transactions abroad. Offshore companies help you get more profit, avoid the strict jurisdiction of your home country and they also add other benefits. At the same time, you must comply with a number of rules in the country where you form your offshore company. There are a handful of countries where offshore companies are highly concentrated. The Samoan Islands are known to be one of the most common countries for offshore companies. Samoa incorporation offers a lot of clear benefits.

Is a Samoa company set up benefiting from a tax haven?

The Samoan Islands are a group of islands located in the South Pacific Ocean, approximately 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 of 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
Easy operation, maintenance and control
Active security
No information or minimum capital requirement
The minimum number of shareholders is one
The minimum number of directors is one
Company directors and shareholders are permitted
Excellent and flexible follow-up services after incorporation
No statutory requirement to hold annual general meetings

Some details about Samoa Corporations

Although Samoa is a fairly permissive offshore territory, there are still some restrictions to be aware of. In order to maintain the legitimacy of the offshore activity, these rules should always be observed. For example, any offshore company founded in the islands cannot trade within Samoa. In addition, some financial procedures are limited. They include:

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

In addition, certain conditions must first have an official justification. You must be aware of this if you use words such as insurance, bank, building society, royalty, trust company or trustee company. On top of that, the name of a company must contain the words Ltd, Corp., Inc. or so

Apart from that, it is convenient that Samoan jurisdiction does not require the owners of a company to be present in person to establish a company. Board and shareholder meetings can be held anywhere in the world. The Standard Samoan Business Formation Package starts at just $990.

Samoa – General information

Location: Oceania, group of islands in the South Pacific, about halfway between Hawaii and New Zealand.

Area: total: 2,831 sq m, land: 2,821 sq m, water: 10 km2. …

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

Time zone: UTC+13.

Language: Samoan (Polynesian) (official) 91.1%, Samoan/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 regard to the fundamental rights of citizens.
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 abroad, tourism, agriculture and fishing. Agriculture, including fishing, accounts for 90% of exports, with fish, coconut oil, nonu products and taro. The manufacturing sector mainly processes agricultural products. Tourism is a growing 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, encouraging investment and continued fiscal discipline while protecting the environment.

Currency: Tala (SAT).

Samoa Company Formation – Key Facts

Main company legislation

Republic of the Marshall Islands Associations Act of 1990.

Type of law

Ordinary.

Legislative language and corporate documents

English.

Type of business for international trade, investment and tax planning

Samoa IC – International Company.

Share capital

Standard authorized share capital is $1,000,000. Minimum paid-up share capital is US$1.

Available share classes

registered shares, shares without par value, preference shares, redeemable shares and shares with or without voting rights.

Bearer shares

Not allowed.

Restrictions on trade

A Samoa offshore company cannot trade within Samoa. Banking, insurance, assurance, reinsurance, fund management, collective investment schemes, trust management, trusteeship are not permitted.

Registered domicile required

Every Samoa Islands Offshore Company must have a registered office in Samoa, provided by a licensed service provider.

Directors

A Samoa company requires at least one director. Director can be of any nationality and need not be resident in Samoa. Company directors are allowed.

Shareholders

A Samoa corporation requires at least one shareholder.

Publicly available records

None.

Nominee shareholders and nominee directors

Allowed.

Location of board and shareholder meetings

Everywhere.

Personal presence required

None.

Taxation

Zero.

Access to double taxation

None.

Requirements for registration of accounts

None.

Requirement to submit an annual statement

None.

Revision requirements

None.

Exchange control

None.

The language of the name

English.

Limited Words

Words like “Assurance”, “Bank”, “Building Society”, “Royal”, “Trust Company”, “Trustee Company”, etc. will require justification.

Name of a company

The words Ltd, Corp., Inc., SA must form part of the name of all Samoa companies.

Time to incorporate

One day, though, depending on the customer’s time zone, companies can be incorporated yesterday!

Do you have questions? Need advice?

Make an inquiry or request a confidential call back.

Samoa Company Formation Prices

Samoa Company Formation Package includes:

Check company name
Initial business approval
Preparation of application documents
Company registration fee
Registered office address for 1 year
Registered agent service for 1 year
State application fee
Certificate of Incorporation
Memorandum & articles of association
Minutes from the first meeting with the appointment of director(s)
Share certificate(s)
Register of shareholders
Register of directors

From: $2990

Why choose KGN Services?

We have been helping business owners since 1996

Our focus is to incorporate your business

We make a complex process quick and easy

We work closely with the company registers to guarantee our service

Fastest offshore companies and accounts – The most competitive rates worldwide