The official currency is Samoan tala, and there is no Foreign Exchange control. Unlike other offshore jurisdictions Samoa is not a party to any double tax agreement. Total exemption from taxes is granted to International Companies incorporated under the International Companies Act. Annual return submissions and accounts filing is not required after the company formation.
In terms of asset protection Samoa is one of the strongest offshore structures in the world. It is possible to hold annual meetings anywhere in the world, and the names of members do not appear in public records. The most common type of incorporation is company limited by shares.
|Location of Jurisdiction||Samoa|
|Official Language||English and Samoan|
|Type of Offshore Company||International Business Company|
|Type of Law||English Common Law|
|Language of Documents||English|
|Minimum Number of Directors||One. May be a person or a company.|
|Residence Required of Directors||No|
|Minimum Number of Shareholders||One|
|Minimum Number of Shares||One|
|Minimum Paid Up Share Capital||USD $1.00|
|Recommended Share Capital||No|