To incorporate an International Company is relatively simple and can be completed within 24 hours (provided all of the necessary documentations is submitted). There is no prescribed application form and no prior Government approval is required.
An Application to register an International Company is made to the Registrar of International Foreign Companies – the Samoa International Finance Authority (“SIFA”) through a licensed trustee company under the International Companies Act 1988.
Name approvals must first be obtained from the Registry and a proposed company name can be reserved for up to three (3) months. A Company can be registered with virtually any name and in any language which includes a word (or words) which connotes the existence of a body corporate.
Requirements
Registration requirements include the Company’s Memorandum and Articles of Association, Incorporation fee of USD$300.00 and Notice of Registered Office. There is no minimum capital requirement and shares may have a par value or may be of no-par value or a combination of both. Company will be incorporated within 24 hours or less provided all requirements are met.
- Capital: no minimum capital requirementr
- Directors: Minimum of 1 company director permittedr
- Company limited by guarantee or by sharesr
- Company limited both by shares and guarantee (“Hybrid companies”) sharesr
- Accounts: no filing requirementsr
- Secretary/Resident Agent
Main Features
- Limited life international companies (based on Wyoming LLC Law)r
- Re-domiciliation availabler
- Secretary/Resident Agentr
- Annual General Meetings: can be held anywherer
- Debentrues: Charges may be registered within 42 days of creation
Disclaimer: The above information is for briefing purposes only. Please seek professional advice, or contact us on enquiries@samoaibfc.ws for more information.
Other Legislation & Guides
Related Resources
SAMOA INTERNATIONAL COMPANIES ACT 1988*
Establishes the rules for forming and managing international companies in Samoa to promote global business activity.