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
- 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.
|Company Type||International Company (IC)|
|Country Law||English Common Law|
International Companies Act 1987
International Trusts Act 1987
The Offshore Banking Act 1987
The International Insurance Act 1988
|Registered Office Required||Yes|
|Local Registered Agent Required||Yes|
|Shelf Companies Permitted||Yes|
|Migration Of Domicile||Yes|
|Average Time To Form Company||2 to 3 Business Working Days|
|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 Fee||Not Applicable|
|Access to Double Taxation Treaties||No|
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.
|Minimum Required Directors||1|
|Local Director Required||No|
|Board Meeting Location||Anywhere in the World|
|Corporate Directors Permitted||Yes|
|Privacy - Publicly Available Records||No|
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.
|Local or Qualified Position||Yes|
|Standard Currency||US Dollar|
|Permitted Share Currency||Any|
|Minimum Paid Up Shares||$1 USD|
|Usual Authorised||$1,000,000 USD|
|Bearer Shares Permitted||Yes|
|No Par Value Shares Permitted||Yes|
|Minimum Number Of Shareholders||1 Shareholder|
|Corporate Shareholdes Permitted||Yes|
|Meeting Locations||Can be held anywhere in the world|
|Privacy - Publicly Available Records||No - Optional|
|Requirements To Prepare||Yes|
|Keep Financial Records||Yes - Anywhere in the World|
|Requirement To File Accounts||No|
|Requirement to File Annual Return||No|
|Accounts Publicly Accessible||No|
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
Oceanian country encompassing
the western part of the Samoan Islands
in the South Pacific Ocean
|Size||Approximate area of 2,842 sq. km|
Main and Official Languages:-
Unitary Parliamentary Republic
Direct Remittances from Samoans Abroad
Road - Driving on the Left
Summer (DST) - UTC+14:00
|International Dialling Code||+685|
Contact us today to enquire about the Cost of Formation or if you have further questions regarding the application process.