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RELEVANT ELEMENTS OF THE
COUNTRYS
» Excellent corporations law
» Flexible corporations law.
» There are no taxes on international or banking
transactions
» There are no foreign currency control regulations
» Political and economic stability
» Excellent communication systems
» Qualified personnel
» No taxes on capital earnings, income, or any other type of taxes
COMMERCIAL TRANSACTIONS
International
Companies can engage in any licit business in any country and carry
out transactions in any currency they choose
DIRECTORS/DIGNITARIES (SECRETARIES), AND SHAREHOLDERS
» Shareholders,
directors, and/or dignitaries can be natural or juridical
persons
» The registry of
the initial or subsequent changes in directors and/or
dignitaries is not required
» Directors can
grant general or special powers of attorney
» Directors
registry is optional and can be held in any part of the world
» Companies are
allowed to have a sole director
» Directors or
dignitaries need not be shareholders
» Only one
subscriber is required; subsequently only one shareholder is
required
» Shareholders,
directors, and dignitaries can be of any nationality and
residents of any country
» Shareholders and/or directors meetings can be held in any country and they can participate in them via a power of attorney or via any electronic means such as telephone, fax, etc.
» The designation
of at least one secretary is obligatory
REGISTRIES
» There is no need
to neither present nor register annual accounts
» The books,
registries, and certificates of the company can be kept in any
place or country that the directors choose
USE OF INTERNATIONAL BUSINESS CORPORATIONS OF SAMOA
» Titleholder of
bank accounts, fix-term deposits, investment
projects, and any other financial or commercial title
» Proprietor of
shares of other corporations or legal entities
» Proprietor of
apartments, houses, buildings, ships, or any other assets,
chattel or real estate
» Administrator or
promoter of international commercial transactions
» International
leasing of vehicles, machinery, ships, and other
» Ideal instrument
to give or receive money in loan, pay or receive
commissions, royalties, and other revenues
» Marketing and
promotion of products and services
» Other commercial
and financial activities
COSTS AND HONORARIES
Reasonable
incorporation and maintenance costs (annual license is US$300.00
independently of the amount of the share capital)
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» OFFICIAL LANGUAGE
English and Samoan
» GOVERMENT
Parliamentary
» STANDARD OF LIVING
Comfortable
» BANKING
International banking systems available
» CURRENCY
Samoan Tala
» INDUSTRY
Food processing, construction materials, and automotive parts
TAXES
Tax exemption on any commercial activity or transaction carried out outside Samoa
AUTHORIZED CAPITAL / SHARES
» Nominative or
bearer shares are issued, as the shareholder wishes
» Loans and other
encumbrances on shares are optional and can be registered if desired
» Bearer shares do
not need to be paid in order to be issued
» Absence of minimum
or maximum capital requirements
ANNUAL TAX DECLARATIONS
It is not obligatory to present annual performance declarations or reports
INCORPORATION AND
ADMINISTRATION
» Ample availability
of company names for incorporations
» Familiarity with
incorporation documents (Corporate Charter and By-Laws, and Incorporation
Certificate)
» The words
"Limited", "Corporation", "Incorporated", "Berhad", "Société Anonyme",
"Sociedad Anónima", "Naamloze Vennootschap", "Besloten Vennootschap"
or "Aktiengesellschaft", or the abbreviations "Ltd.", "Corp",
"Inc.", "Bhd", "S.A.", "N.V.", "B.V." or "A.G." can be used as part
of the name of the company
» Incorporation
documents can be drafted in Spanish or in any other language and accompanied by
its English translation
» Corporation names
can be incorporated with Chinese characters, as well as Cyrillic alphabet
or any other forms of accepted language (together with its English
translation or a Romanized version)
» Expeditious
incorporation process and simple administration
» Incorporation
process takes between 2 to 3 days
» Incorporation
certificate issued in only 24 hours
» The Public
Registry of Samoa is equipped with a modern and sophisticated computer system
that increases the speed and efficiency of the processing of
documents
» Administration is
relatively simple if the activities of the corporation are not complicated and
carried out outside of Samoa
» Corporations in
reserve available
REGISTERED OFFICE, CORPORATE
SEAL, AND LEGALIZATION
» It is required
that the Registered Office be located in Samoa
» Corporate seal is
optional
» The Apostille is
the method usually employed for the legalization of documents.
Consular legalization are also available for some countries
REDOMICILIATION
Corporations of
other jurisdictions can be redomiciled to Samoa
CORBETTI PEZZOTTI & QUIJANO
REQUIREMENTS
» Adequate
references of moral solvency and other due diligence documents, as they are
required
» Directors and
Dignitaries from Corbetti Pezzotti & Quijano can be appointed
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