General Information
Samoa is a South Pacific Island nation located approximately between Hawaii and New Zealand, west of American Samoa.Samoa consists of two main islands, Upolu and Savai'i, as well as other smaller islands. A majority of the population is Christian; it is known for its rich Polynesian culture, beautiful beaches, and tropical rainforests. Its economy is primarily dependent on agriculture, producing coconuts, cocoa, breadfruit, taro, bananas, among others. Tourism also serves as a significant economic pillar.
Samoa is a member of the Asia-Pacific Economic Cooperation (APEC) and the World Trade Organization (WTO), but is not a member of the Organization for Economic Co-operation and Development (OECD). It does not participate in the Common Reporting Standard (CRS) and does not require Economic Substance Reporting, making it a popular choice for many overseas corporations
Key Features
Samoa company is incorporated under the International Companies Amendment Act 2014 (ICAA). The characteristics as follows:
| 1. |
The company name can end with Ltd., Inc., Corp., or SA. |
| 2. |
Certificate of Incorporation is mainly in English, and Chinese or any other language can be added. |
| 3. |
Only one director and shareholder is required, and individual or corporate director/shareholder is accepted. |
| 4. |
Regardless of the registered capital, the annual license fee is US$300. |
| 5. |
Director/shareholder information is unnecessary to be filed with the Registry; it only needs to be kept in the registered office. |
| 6. |
According to International Company Act, the foreign income is tax-free. |
| 7. |
Annual General Meeting is not required. Director/shareholder meeting can be held worldwide. |
| 8. |
No requirement of minimum registered capital. |
| 9. |
No accounting record is required to be kept in the registered office. |
| 10. |
Certificate of Tax Exemption can be applied. |