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Samoa company sets up holding company for investment.

Samoa is located in the south of the Pacific Ocean and west of the Samoan archipelago. It consists of two main islands, Savai'i and Upolu, and seven small islands. Most of the territory is covered by jungles and has a tropical rainforest climate.

I.Basic introduction of Samoa company

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  • Samoa is located in the southern Pacific Ocean, west of the Samoan Islands, and consists of two main islands, Sawai and Upolu, and seven small islands. Most areas in the territory are covered by jungles and have a tropical rain forest climate.The Constitution of Samoa follows the parliamentary system, is based on British common law, and is heavily influenced by the jurisprudence of the Commonwealth.In 1987 and 1988, the local government promulgated international company laws and related banking, trust and insurance laws. The international company law was also revised in the form of the British Virgin Islands to make it easier to use.
  • Location
    Samoa is located south of the equator, between Hawaii and New Zealand, in the Pacific Polynesia region. The total land area is 2,842 km2 (1,097 square miles), and it consists of two large islands, Upolu and Savai’i (a total of 99% of the total land area) and eight small islands.
  • Population
    198,971.
  • Language
    Samoa language used for the Samoan and English.
  • Currency
    Tala.
  • Economics
    Main industries: agriculture, tourism, food processing, fishery. Samoa’s economy depends on the export of agricultural products the highest degree guide, tourism and foreign capital flows.
  • Time Zone
    UTC-11。
  • Foreign Exchange Control
    None.

  • Legal System
    British Common Law.

  • Main Company Legislation
    Samoa International Corporation Act 1987.

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Population
198,971

Tala
Currency

UTC-11
Time Zone

British Common Law
Legal System

Main Company Legislation
Samoa International Corporation Act 1987

  • Samoa is located in the southern Pacific Ocean, west of the Samoan Islands, and consists of two main islands, Sawai and Upolu, and seven small islands. Most areas in the territory are covered by jungles and have a tropical rain forest climate.The Constitution of Samoa follows the parliamentary system, is based on British common law, and is heavily influenced by the jurisprudence of the Commonwealth.In 1987 and 1988, the local government promulgated international company laws and related banking, trust and insurance laws. The international company law was also revised in the form of the British Virgin Islands to make it easier to use.
  • Location
    Samoa is located south of the equator, between Hawaii and New Zealand, in the Pacific Polynesia region. The total land area is 2,842 km2 (1,097 square miles), and it consists of two large islands, Upolu and Savai’i (a total of 99% of the total land area) and eight small islands.
  • Language
    Samoa language used for the Samoan and English.
  • Economics
    Main industries: agriculture, tourism, food processing, fishery. Samoa’s economy depends on the export of agricultural products the highest degree guide, tourism and foreign capital flows.
  • Foreign Exchange Control
    None.

II.Advantages of setting up a Samoa company

Why has Samoa become the second choice for most Taiwanese businessmen to set up offshore company after the British Virgin Islands? Its advantages over the British Virgin Islands are due to its international corporate law being revised in the form of the British Virgin Islands. The advantages of registering a company in Samoa are as follows:

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  • High privacy
    Details of the directors no need to include in any public record.
  • High acceptable of banks
    Almost all designated foreign exchange banks in Taiwan can establish the BVI company OBU account.
  • Easy to set up
    Only need one or more shareholder / director information than can register to set up.
  • Easy to maintain
    without presenting the company annual report and audited accounts nor required to convene the Annual General Meeting. Only need to pay a fixed government fee to annul which can sustain the company.
  • High registered capital
    Companies can customize the registered capital, and without increasing the capital tax.
  • The main position as “Investment Holdings” companies. EX: As China’s investment holding company. It can use for trading purposes. Its standard registered capital amounted is USD 1,000,000, so it can be transferred to investment patterns, to avoid bilateral taxation and reduce investment risk.

III.How to register a Samoa company? What documents are needed?

  • The following are the information and relevant regulations required for Samoa company registration
  • Choose the name of the registered Samoa company
    The name of an international company in Samoa should meet at least the following conditions:
    1.Must not be identical or duplicated with existing company names
    2.Include any language at the end “corporation”, “corp”, “incorporated”, “inc”, “limited”, “ltd” or similar words,to indicate the existence of a corporate individual or entity different from other companies, the company name can be retained for up to 3 months.
    3.English company name.(Chinese can also be added, but a license establishment fee of USD100 must be added).
  • Director and shareholder
    A copy of the passport of at least 1 shareholder / director is required for registration.
  • Registered capital
    The standard registered capital of a Samoan company is USD1,000,000, and it can also increase or decrease capital without increasing government fees.
  • Registered address
    Samoa need to set up an English mailing address, provided by the Secretary of the company.

IV.Considerations for registering an offshore company in Samoa

  • Legal and tax issues:
    Registering an offshore company in Samoa requires compliance with local company and tax laws. If you are not familiar with local legal and tax regulations, it is recommended to seek professional services from InterArea Company. Additionally, if your company needs to conduct business in other countries, you need to understand their commercial and tax laws to ensure your business complies with local legal requirements.
  • Registering an offshore company in Samoa is an economically advantageous option, but there are some key issues to consider before proceeding with registration. Firstly, you need to choose a reliable registered agent to assist with the registration process. Secondly, you need to ensure that the company name complies with local legal requirements. Finally, you need to understand local legal and tax regulations to ensure that your business complies with local legal requirements.

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