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Samoa

International Company (Company limited by shares)

Samoa has been an international company formation centre for more than thirty years, although it has never been as popular and had media attention as other offshore jurisdictions.

Company law in Samoa is based in English Common Law. International companies in Samoa are governed by the International Companies Act 1987 (as amended).

International companies are entitled to do business internationally and may have restrictions to trade within Samoa, may not invest and acquire assets from a domestic company, nor carrying on business with or settling any property on someone ordinarily resident in Samoa or a domestic company.

It also cannot make any disposition or settlement of property outside Samoa in the currency of Samoa nor can it send out of Samoa any money or securities belonging to or controlled by a resident or a domestic company.

It may however make or maintain deposits with a company carrying on banking business in or from within Samoa and it may hold shares in other companies incorporated or registered under the International Companies Act.

International companies are exempt from all form of taxes, and only subject to an annual fee of USD 300. Companies may elect to be long term entities and pay renewal fees of USD 1,000 (5-year company), USD 1,500 10-year company) and USD 2,500 (20-year company).

ICs may be formed by one or more shareholders, one or more directors, who may be juristic or natural persons. Directors may be residents or non-residents. Nominee directors and shareholders are commonly used.

Details of beneficiaries, shareholders, directors are not publicly disclosed. There are no annual meeting requirements, and meetings may be held outside Samoa by call, videocall or any other mean.

International companies must have a resident secretary or resident agent either of whom must be a registered trustee company, a wholly owned subsidiary thereof, or an officer of a registered trustee company.

There are no minimum capital requirements and bearer shares are allowed, provided that they are fully paid-up.

International Companies may be required to keep financial records, but may not need to file accounts and annual returns.

Samoa has committed to undertake the first OECD’s automatic exchanges of information (AEOI) following the CRS (Common Reporting Standard) by 2018.

A Samoa international company is commonly used for holding tangible and intangible assets, asset protection and confidentiality, international trade and offshore investments.

Taxes

Corporate income tax – International companies incorporated in Samoa are statutorily exempt from all forms of taxation in Samoa. There is zero taxation on all income, profits, dividends, capital gains, royalties, compensation or other related sources of revenue arising outside Samoa.

No withholding tax is levied on dividend, interest and royalty payments to non-residents.

Other taxes – There is no Samoa wages and salaries tax or social security contributions liability for international companies and their employees.

There are no property, wealth and inheritance taxes in Samoa.

  • Offshore Income Tax Exemption
  • Offshore capital gains tax exemption
  • Offshore dividends tax exemption
  • CFC Rules
  • Thin Capitalisation Rules
  • Patent Box
  • Tax Incentives & Credits
  • Property Tax
  • Wealth tax
  • Estate inheritance tax
  • Transfer tax
  • Capital duties
  • 0% Offshore Income Tax Rate
  • 0% Capital Gains Tax Rate
  • 0% Dividends Received
  • 0% Dividends Withholding Tax Rate
  • 0% Interests Withholding Tax Rate
  • 0% Royalties Withholding Tax Rate
  • 0 Losses carryback (years)
  • 0 Losses carryforward (years)
  • 27% Personal Income Tax Rate
  • 17 Tax Treaties

Country details

Samoa
WST
Apia
Oceania
s m , e n - W S
192001

The Independent State of Samoa is an island country, one of the four that form Polynesia and one of the fourteen that make up Oceania. The two main islands of the country are Upolu and Savai'i.

Formerly known as German Samoa from 1910 to 1914 and Western Samoa from 1914 to 1997, it is a country comprising the western part of the Samoa archipelago in the South Pacific. He became independent from the United Kingdom in 1962.

It has a population of about 200,000 inhabitants. Its capital and most populated city is Apia, on the island of Upolu.

The official languages are Samoan and English. Its official currency is tālā (WST).

Samoa forms an independent parliamentary monarchy. The 1960 Constitution, which formally took effect after the country's independence, is based on the parliamentary democracy of the United Kingdom, modified according to the habits of Samoa.

The economy of Samoa has always been dependent on agricultural exports, remittances, as well as foreign aid.

Two thirds of the population are engaged in agriculture, the most important activity being the export of copra and coconut oil and other derivatives of the same plant.

The industrial sector is almost entirely dedicated to the processing of agricultural products.

Its main trading partners are New Zealand and to a lesser extent Australia, American Samoa, the United States, and Fiji.

Its fastest growing sector is tourism, which currently offers employment to 20% of the population.

Tax treaties

Country Type Date Signed
New Zealand TIEA 2010-08-24
San Marino TIEA 2009-09-01
Greenland TIEA 2009-12-16
Mexico TIEA 2011-11-30
Norway TIEA 2009-12-16
Korea, Republic of TIEA 2015-05-15
Monaco TIEA 2009-09-07
South Africa TIEA 2012-07-26
Faroe Islands TIEA 2009-12-16
Sweden TIEA 2009-12-16
Denmark TIEA 2009-12-16
Ireland TIEA 2009-12-08
Iceland TIEA 2009-12-16
Netherlands TIEA 2009-09-14
Australia TIEA 2010-03-20
Finland TIEA 2009-12-16
Japan TIEA 2013-06-04

Procedures

We can help you incorporate a International Company (Company limited by shares) in Samoa.
Please, contact us to request a free, no obligation consultation.

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