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 Limited Life Company (LLC) has a limited life of 50 years, however it still provide limited liability to its members. It is a hybrid entity which combines specifics of a partnership and a corporate company structures.
Having 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.
- Limited Liability for Member and Managers
- Tax on revenue is passed on to Members and Managers as income tax
- The LLC is a separate legal entity
- Only two Member to incorporate
- No currency restrictions
- Reasonable Formation Fees
- Privacy – Financial information is not public
- No Auditing or Reporting of Financial Information records
- No annual returns
- Migration of domicile permitted
- International Investment Vehicle
- Joint Venture Business
- Estate Planning
- Tax Structuring
- Professional Groups
- International Business
A Samoan LLC 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.
Samoan LLC applications are made to the Register of International and Foreign Companies through a licensed trustee company. The application includes, the Certificate of Incorporation, certified copy of the Memorandum and Articles of Association and the relevant registration fee.
A names of all Members and Managers, minimum of two, which include physical address, their contact information and certified copies of valid passports These need to be certified by either a Notary Public, Bank or by the issuing country’s Embassy.
|Company Type||Limited Life Company (LLC)|
|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||$300 USD|
|Annual Return Filing Fee||Not Applicable|
|Corporation Tax||No - Passed on as Income for Members|
|Access to Double Taxation Treaties||No|
All Samoan Limited Life Companies and Members which 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.
|Local or Qualified Memebers||No|
|Board Meetings Location||Anywhere in the world|
|Corporate Members Permitted||Yes|
|Privacy- Publicly Available Records||No|
There is a minimum requirement of Two Members, of which may be the Manager and can be either individuals or corporate bodies of any nationality and resident of any country.
|Minimum Required Managers||None - Can be Managed through Members or multiple Managers|
|Local Manager Required||No|
|Board Meeting Location||Anywhere in the World|
|Corporate Managers - Directors Permitted||Yes|
|Privacy - Publicly Available Records||No|
|Requirements To Prepare||Yes|
|Keep Financial Records||No|
|Requirement To File Accounts||No|
|Requirement to File Annual Return||No|
|Accounts Publicly Accessible||No|
All Samoan Limited Life Companies and Members, 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.