Samoa Offshore Company Formation
Setting up an offshore company can be a very beneficial step for an expatriate as Samoa is one of the up and coming places for setting up an offshore company. This has been possible due to the stable political situation and free corporate income tax. Some of the features of setting up an offshore company in Samoa are:
- Samoa is located near to the United States and the markets in the Pacific, making it the ideal location to be the gateway for these countries.
- Samoa is well connected with the world, which enhances the ease of conducting operations, maintaining and control a business.
- Setting up an offshore business in Samoa can be very profitable as the enterprises are exempt from all the local taxes as well as any stamp duty.
- There is no requirement of maintaining any accounting or auditing record.
Characteristics of Samoa Offshore Company
|
Company Type |
International Company (IC) |
|---|---|
|
Governing Corporate Legislation |
All the companies are governed under the Samoa International Financial Authority (SIFA). SIFA is regulated under the International Companies Act 1987, International Trusts Act 1987, Offshores Banking Act 1987, International Insurance Act 1988. |
|
Confidentiality |
Samoa provides a high level of anonymity and privacy |
|
Accounting Requirements |
No requirement of maintaining accounting or reporting documents. |
|
Taxation |
No taxes are levied. |
|
Legislation |
Modern Offshore Legislation |
|
Stability |
Stable jurisdiction and good reputations of the country. |
|
Paid-up capital requirement |
No requirement of paid-up capital. |
|
Minimum directors and shareholders |
Minimum one director and one shareholder |
|
The requirement to appoint Company Secretary |
Yes |