JURISDICTIONS

Samoa

 

General Information

Location Situated in the Polynesia about halfway between Hawaii and New Zealand. It is about 2,890 km from Auckland, 4,400 km from Sydney and 8,400 km from Los Angeles
Capital Apia (located on the island of Upolu)
Population About 165,000
Language

Samoan is the national language
English is the official language of business

Legal System English Common Law
Currency Samoa tala (approx. USD 1 : WST 3.03)
Exchange Control None
Economy The economy of Samoa has been largely dependent on agriculture. The manufacturing and service sectors are now becoming significant contributors to GDP
Time Zone GMT -11
Principal Corporate Legislation International Companies Act 1987
Number of companies incorporated in 2008 About 4,170
Total number of companies on register Approximately 27,230

Introduction

Known as Western Samoa until the prefix "Western" was dropped in 1997, Samoa is a group of Pacific Islands located in the heart of Polynesia. Its two main islands are situated approximately halfway between Hawaii and New Zealand. Samoa gained its independence in 1962 and earned the distinction of being the first independent sovereign state in the South Pacific.

Samoa is a member of the British Commonwealth, the United Nations, the International Monetary Fund, the World Bank, and the Asia Development Bank.

Infrastructure in Samoa is well developed with services offered by four commercial banks regulated in accordance with international standards of best practice. Apart from Polynesian Airlines, Air New Zealand and Air Pacific have direct flights or connections to Los Angeles, Sydney, Auckland, Hawaii and other Pacific Islands. International telecommunications are available 24 hours a day and international courier services are readily available.

Current Features & Benefits

  • An independent sovereign nation with political, economic and social stability
  • Substantial tax advantages
  • User-friendly to Asian investors – a company can be registered in Chinese character names and other foreign languages are permitted in addition to an English name of company on the Certificate of Incorporation
  • Chinese language M&As are available and documents may be filed in any language with an English translation
  • Long Term International Companies available with discounts offered when paying 5, 10 or 20 years licence fees in advance
  • The Samoa jurisdiction has strict confidentiality and secrecy provisions sanctioned by heavy penalties written into each of the Acts forming its legal basis
  • Low Government fees for re-domiciliation
General Information  

Stability of Jurisdiction

Good

Legal System

Common Law

Type of Company

Limited

Company Information  
Bearer Share No

Standard Authorised Capital / Shares

HK$10,000

Chinese Name Permitted

Yes

Official Bilingual M&A No
Local Requirements  

Minimum Number of Shareholders

1

Minimum Number of Directors

1

Company Secretary

Yes (b)

President & Treasurer Optional
Beneficial Owners No
Public Filings  

Shareholders

Yes

Directors

Yes

Company Secretary

Yes

Other  

Registered Agent / Resident Agent

No

Registered Office

Yes

Annual Return / Accounts Filing

Yes

Corporate Tax

17.5% (a)

Change of Domicile Permitted

No

Shelf Companies Available Yes

Notes:

(a)

Only on onshore profits, NO tax on offshore profits

(b)

Resident company secretary required