Samoa was the first South Pacific Island to achieve independence on 1st January 1962. Samoa, which comprises two large islands and seven smaller isles, is situated in the center of the Southern Pacific Ocean, approximately equidistant between Honolulu and Sydney and immediately east of the International Date Line. The Islands have a total land area of approximately 2,831 sq km. Five of the islands are uninhabited. The administrative and commercial centre is situated in its capital, Apia. The name Samoa means “Sacred centre of the Universe”. At present, there are 3 retail banks in Samoa. In addition, the China Embassy in Samoa will be more helpful to apostil and certify the documents needed to operate in China.
ADVANTAGES of Samoa Company
To establish a Samoa company requires only one shareholder and director. And the minimum issued and paid up share capital required is as low as US$ 1 only. The standard authorized capital required USD 1 Million. There is also no mandatory requirement in preparing financial statements or appointing auditors for bookkeeping.
The company registration in Samoa would take up at least 15days to be completed. And to register a Shelf company requires 3days or more. Company’s name in Chinese (or other languages) can be shown on the certificate of incorporation. Company can store its documents in any language as there are no restrictions. For those companies who choose to pay 5 years, 10 years or 20 years’ annual license fee in advance is entitled to a considerable discount. Furthermore, it is permitted to relocate the company in a convenient and effective manner.
Moreover, the Samoa government charges no income tax, corporation tax, capital gains tax, inheritance tax, gift tax, wealth tax of any other form of taxes applicable to a company conducting business outside of Samoa.
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