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. …
Natural resources : Deciduous forests, fish, hydropower.
Population: 200,108 (July 2017 est.).
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
Legislative language and corporate documents
Type of business for international trade, investment and tax planning
Samoa IC – International Company.
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.
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.
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.
A Samoa corporation requires at least one shareholder.
Publicly available records
Nominee shareholders and nominee directors
Location of board and shareholder meetings
Personal presence required
Access to double taxation
Requirements for registration of accounts
Requirement to submit an annual statement
The language of the name
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
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
People also ask
Is Samoa a tax haven?
Yes, Samoa reminds businessmen of tax heaven because of very profitable conditions for an offshore company. But some simple limitations still exist.
Services related to Samoa Company Formation
KGN Services has been helping people develop their offshore business in the Samoan Islands since 1998. The company works closely with the Samoa Companies Registry. They have also created a special system to simplify complex financial procedures. The company provides services including:
- Samoa Incorporation
- Registered office and agent services in Samoa
- Samoa Company Secretarial Services
- Nominated shareholder/nominated director
- Opening bank accounts
- Samoa Companies Administration Services
- Mailing address
- Trademark registration
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 pay attention to the specific requirements. Setting up an offshore company offers a unique opportunity to take your business to a whole new level.
KGN Services | Samoa Company | Samoa Company Formation | Samoa companies
Tags: Offshore Samoa | Samoa Business Registration | Samoa Company Formation | Offshore Samoa
Requirement to submit an annual statement