AmPlus Business Services Limited |
Hong Kong Company Formation / Offshore Bank Account Opening |

Background |
|
| Location |
Located south of the equator, about halfway between Hawaii and New Zealand in the Polynesian region of the Pacific Ocean |
| Population |
About 180,000 |
| Economy |
The economy of Samoa has been largely dependent on agriculture. The manufacturing and service sectors are now becoming significant contributors to GDP. There are approximately 39,000 companies registered in Samoa. |
| Official Language |
English, Samoan |
| Legal System |
English Common Law |
| Currency | Samoa tala (approx. USD 1 : WST 3.03) |
| Exchange Control |
None |
| Time Zone |
GMT -11 |
Key Corporate Features |
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General |
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Type of company: |
International Companies |
|
Principal corporate legislation: |
International Companies Act 1987 |
|
Shelf company availabe: |
Yes |
|
Corporate taxation: |
Nil |
|
Double-tax avoidance treaties: |
No |
| Share capital or equivalent | |
|
Standard currency: |
USD |
|
Permitted currencies: |
Any |
|
Minimum paid up: |
US$ 1 |
|
Standard authorised capital: |
US$ 1,000,000 |
| Directors or Managers | |
| Minimium number: |
1 |
| Local required: |
No |
| Publicly accessible records: |
No |
| Location of meetings: |
Anywhere |
| Members | |
| Minimum number: |
1 |
| Publicly accessible records: |
Optional |
| Location of meetings: |
Anywhere |
| Company Secretary | |
| Required: |
Yes |
| Local or qualified: |
Yes |
| Accounts | |
| Requirement to prepare: |
Yes |
| Audit requirements: |
No |
| Requirement to file accounts: |
No |
| Publicly accessible accounts: |
No |
| Other | |
| Requirement to file annual return: |
No |
| Change in domicile permitted: |
Yes |
Advantages of Samoa Companies |
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Totally exempt from Samoa income tax and stamp duties (if no business in Samoa). |
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No disclosure of shareholders or directors to the public or the government. |
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Only one shareholder and director is required. |
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Minimum issued and paid up share capital required is US$ 1. |
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No mandatory requirement for annual return / accounts filing. |
Restrictions on Samoa Companies |
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Prohibit from carrying on any business with persons residing in Samoa. |
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Prohibit from carrying on business or undertaking any activity that is associated with the banking or insurance industries without obtaining the appropriate license. |
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Prohibit from owning an interest in real property in Samoa. |
Samoa Companies Setup Requirement |
|
| Share Capital |
Minimum US$ 1 issued and allotted share capital. |
| Director |
At least one, no nationality limitation, individual or corporate is also allowed. |
| Shareholder |
At least one, no nationality limitation, individual or corporate is also allowed. |
| Company Secretary |
Required to facilitate signing obligations. |
| Registered Agency /Address |
Require one local authorized registration agency. Registered office must be maintained in Samoa. |
| Processing Time |
Tailor-made company, about 8 - 10 working days. Ready-made company, 2 - 3 working days |
Samoa Companies Setup Procedure |
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| Tailor-made Company | |
| Step 1 | |
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Suggest at least 3 company names for the proposed company. |
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We will conduct name search to ensure the proposed names have not yet been registered. |
| Step 2 | |
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Provide basic information about directors and shareholders (including address, nationality and passport or ID card copy), company secretary and registered address. |
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Confirm company structure and share allocation. |
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Fill in the related order form and provide identification documents together with the first 50% payment. |
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Step 3 |
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We will prepare incorporation / registration documents and send to you by email for your signature. |
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You will need to sign incorporation / registration documents and send back to us together with the final payment . |
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Step 4 |
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We will collect Certificate of Incorporation (CI) upon approval of registration and prepare company kit for the new company. |
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Upon completion, you will receive full set of incorporation / registration documents and company kit by courier. |
| Ready-made Company | |
| Step 1 | |
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Choose a preferred company name from the ready made companies list. |
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Provide basic information about directors and shareholders (including address, nationality and passport or ID card copy). |
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Fill in the related order form and provide identification documents together with the first 50% payment. |
| Step 2 | |
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We will prepare relevant incorporation / registration documents and send to you by email for your signature. |
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You will need to sign the incorporation / registration documents and pass them back to us together with the final payment. |
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Step 3 |
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We will send copy of CI to you for confirmation and prepare the company kit. |
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You will receive full set of incorporation / registration documents and company kit by courier upon completion. |