Samoa

Samoa International Company (IC) Formation

The Independent State of Samoa is an Oceanian country comprised of Islands, in the South Pacific Ocean.

Samoa has long been established as an offshore jurisdiction for company formation. The Samoan International Company (IC) has many of the benefits of most other offshore companies in other jurisdictions, such as client confidentiality, non-disclosure agreements and the all-important, tax benefits associated with it as well.

Samoa offers a well-regulated offshore financial environment for international investors.

Samoa also formed the International Finance Authority Act 2005 to regulate and promote their offshore financial market.

  • Low Yearly Fees
  • Not party to any Double Taxation Treaties
  • No Taxes
  • Migration of Domicile permitted
  • No accounting requirements
  • No annual reporting or auditing requirements
  • Nominee services available
  • Established Asset Protection Legislation
  • Confidentiality
  • Incorporation in any language
  • Corporate Structure flexibility
  • Asset Protection
  • International Trading
  • Holding Company
  • Investment Holding

A Samoan IC is restricted from conducting business with residents of Samoa or to own real estate in Samoa. There is also a restriction on conducting business in banking, trusts, insurance or to provide company management services without the appropriate license being granted.

Applications for company formation needs to be made through a licensed company, the application, through the agent, is made to the Registrar of International and Foreign Companies.

The proposed company’s Articles of Association and Memorandum are submitted, along with copies of valid passports for the Directors and Beneficial Owners, their contact information and physical addresses.

A Bank reference letter which certifies that the Beneficial Owner(s) are in good standing.

Overview
Company TypeInternational Company (IC)
Country LawEnglish Common Law
Company Law

International Companies Act 1987

International Trusts Act 1987

The Offshore Banking Act 1987

The International Insurance Act 1988

Registered Office RequiredYes
Local Registered Agent RequiredYes
Shelf Companies PermittedYes
Migration Of DomicileYes
Average Time To Form Company2 to 3 Business Working Days
Government Fees
Minimum Government Formation Charge$300 USD
Recurring Minimum Annual Company License Fee

Option of Paying in Advance for Annual Fee at time of Incorporation

1 year $300 USD

5 years $1,000 USD

10 years Government fee $1,500 USD

20 years Government fee $2,000 USD

Annual Return Filing FeeNot Applicable
Corporate Tax
Corporation TaxNo
Access to Double Taxation TreatiesNo

All Samoan International Companies with conduct their business activities outside of Samoa and who are not residents are exempt from taxes such as Corporation, Inheritance, Capital Gains and Estate Tax, to name a few.

Directors
Minimum Required Directors1
Local Director RequiredNo
Records PublicNo
Board Meeting LocationAnywhere in the World
Corporate Directors PermittedYes
Privacy - Publicly Available RecordsNo

There is a minimum requirement of one Director, of which may be the only shareholder. Directors can be either individuals or corporate bodies of any nationality and resident of any country.

Company Secretary
Secretary RequiredYes
Local or Qualified PositionYes
Share Capital
Standard CurrencyUS Dollar
Permitted Share CurrencyAny
Minimum Paid Up Shares$1 USD
Usual Authorised$1,000,000 USD
Bearer Shares PermittedYes
No Par Value Shares PermittedYes
Shareholders
Minimum Number Of Shareholders1 Shareholder
Corporate Shareholdes PermittedYes
Meeting LocationsCan be held anywhere in the world
Privacy - Publicly Available RecordsNo - Optional
Company Accounts
Requirements To PrepareYes
Audit RequiredNo
Keep Financial RecordsYes - Anywhere in the World
Requirement To File AccountsNo
Requirement to File Annual ReturnNo
Accounts Publicly AccessibleNo

All Samoan International Companies who do not conduct business in Samoa or are not resident, are exempt from taxes such as Corporation, Inheritance, Capital Gains and Estate Tax, to name a few

Samoa Facts
Location

Oceanian country encompassing

the western part of the Samoan Islands

in the South Pacific Ocean

SizeApproximate area of 2,842 sq. km
PopulationApproximately 194,320
Languages Spoken

Main and Official Languages:-

Samoan

English

CurrencyTala (WST)
Politics

Unitary Parliamentary Republic

Economy

Main Industries:

Tourism

Direct Remittances from Samoans Abroad

Manufacturing

International Trade

Agriculture

Transport

Air

Road - Driving on the Left

Boat

Time Zone

UTC+13:00

Summer (DST) - UTC+14:00

International Dialling Code+685
Internet TLD.ws

Contact us today to enquire about the Cost of Formation or if you have further questions regarding the application process.

Samoa International Company (IC) Formation Enquiry

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