There is no specific minimum capital requirement. The standard authorized share capital is US$ 1,000,000. The authorized share capital may be expressed in any currency. The minimum issued share capital is either one share of no par value or one share of par value. Samoa International Companies may issue registered shares, bearer shares, preference shares, and redeemable shares, shares with or without par value and shares with or without voting rights.
Bearer shares, preference shares, shares with par value or no par value, shares with voting or no voting rights, redeemable shares, and discounted shares are all permitted.
Samoa requires a minimum of one director and corporate directors are permitted. The names of directors do not appear on the public file. There is no requirement to have resident directors.
A minimum of one shareholder is required which may be an individual or a corporate body. The details of company beneficial owners and shareholders are not part of the public records.
The Samoa incorporation documents do not carry the name or identity of the shareholder(s) or director(s). As such no names appear on the public record.
No income tax or other duties or any other direct or indirect tax or stamp duty is payable on the transactions or profits of, nor on the dividends and interest paid by or to, any trust, international or limited partnership, international or foreign company registered or licensed under the various Offshore Finance Centre Acts. Similarly the shareholders, members, beneficiaries, partners or other beneficial owners of such entities are exempt from taxation in Samoa. No tax treaties have been entered into with any countries.
Financial statements, accounts or records must be kept for a Samoa Company
- No requirement to file financial statements, accounts or records with the Samoa authorities
- Company registers must be kept in the Registered Office
- No requirement to file an Annual Return
Registered Office And Local Agent/Secretary:
All companies must have a Registered Office and a Resident Agent in Samoa who must be a licensed trust company. There are requirements for Samoan companies to prepare Registers of Directors, Secretaries and Members and for these to be kept at the Registered Office. Samoa companies must appoint a company secretary who may be a natural person or a body corporate. The company secretary can be of any nationality and need not be resident in Samoa.
Double Taxation Agreements:
A Double Tax agreement was signed by Prime Minister Tuilaepa Sailele Malielegaoi and New Zealand’s Prime Minister Toosavili John Key on Wednesday 8th July, in Apia.
As the first agreement of its kind for Samoa, and with Samoa’s Prime Minister acknowledging that Samoa’s experience in negotiating double taxation agreements is not as comprehensive as New Zealand’s, the leader of Samoa’s Government shared his appreciation for New Zealand’s efforts to reach a mutually beneficial agreement.