Samoa Fact Sheet
General
| Type of company | IBC and LLC |
| Political Stability | Good |
| Common or Civil Law | Common Law |
| Disclosure of Beneficial Ownership to Government Authorities | No – only to the Registered Office |
| Migration of Domicile Permitted | Yes |
| Tax on Offshore Profits | Nil |
| Language of Name | English |
| Chinese Name Allowed on COI | Yes |
| Chinese M&A Available | Yes |
| Shelf Company Availability | Yes |
Corporate Requirements
| Min. No. of Shareholders | 1 |
| Min No of Directors | 1 |
| Min. Share Capital | No minimum |
| Corporate Directors | Allowed |
| Company Secretary Required | Yes |
| Usual Share Capital | US$ 1,000,000.00 |
| Bearer Shares | Not permitted |
| Production of Accounts | Discretion of Directors |
| Audit of Accounts | Discretion of Directors |
Local Requirements
| Registered Office | Yes |
| Registered Agent | Yes |
| Company Secretary | No |
| Local Directors | No |
| Local Shareholders | No |
| Local Meetings | No |
| Government Register of Directors | No |
| Government Register of Shareholders | No |
Annual Requirements
| Annual Return | Yes |
| Submit Accounts | No |
| Minimum Annual Tax/Licence Fee | US$ 300.00 for IBC and US$ 100.00 for LLC. |
Restrictions on Trading
| 1 | Cannot conduct business with persons resident on Belize. |
| 2 | Cannot conduct banking or trust business, insurance or reinsurance business. |
| 3 | Cannot conduct the business of providing company management services. |
Attractive Features
- Full exemption from taxation on any business activity or transaction carried on
outside Samoa. - Speedy incorporation procedures and simple ongoing administration.
- Reasonable formation and maintenance costs and fees.
- Complete business privacy and confidentiality.
- IBCs may engage in any lawful business in any country and may carry on
transactions in whatever currencies they choose. - Directors and/or officers can be either corporate entities or natural persons.
- Shareholders and /or directors may hold their meetings in any country and they may attend such meetings by proxy.
- There are no exchange controls in Samoa.
- Well developed professional infrastructure.
- Same day company incorporation service.