Offshore Company Formation – Samoa
Economy of Samoa
The Economy of Samoa is basically dependent on the exports of agricultural products and fish. It also depends on development aid and private financing from overseas countries.
Samoa is a country which suffers a lot from storms, those destroy the country repeatedly. The two third of the labour force of Samoa is engaged in the sector of agriculture. This exports of agricultural products accounts for 9% of the total exports from Samoa. The main agricultural products, which are exported from Samoa, are coconut cream, coconut oil and copra.
Samoa has a large automotive wire harness factory. The manufacturing sector in Samoa mainly produces agricultural products.
The industry of tourism is slowly expanding in Samoa. The number of tourists those visited Samoa in the year 1996 was 70,000, which increased to 120,000 in the year 2014.
The government of Samoa has given a call of deregulation of the financial sector in Samoa. It is being to done to encourage the flow of investments in Samoa. The government of Samoa is imposing a very strict fiscal discipline in the country.
The economic advances in Samoa in future will greatly depend on the flexibility of labour market in the country, as it is one of the most basic economic strength factors.
Samoa has New Zealand as its main trading partner country. New Zealand provides about 35% to 40% of imports to Samoa and purchases about 45% to 50% of exports from Samoa. Trading partners to Samoa are also imported by Australia, Fiji, the United States of America and American Samoa.
The main imports of Samoa include food and beverages, industrial supplies and fuels. The primary economic sectors in Samoa, such as agriculture, fishing and forestry provides employment to about two third of the labour force in Samoa. This economic sector produces about 17% of the national GDP.
Why form an offshore company in Samoa?
The Independent State of Samoa is a member of the Commonwealth of Nations and is fast growing for businessman those who are not in the sector related to banking, funding or any kind of trust. Plus they have no tax treaties with any country. Companies registered as offshore are not liable to pay any tax.
Basic Incorporation Package
Form your offshore company anywhere in the world within a week. No hidden price, no extra charges
With this package, we will provide you with a compulsory registered office address and dedicated account manager to handle all your queries. Also all the compulsory government fees would be paid up when the incorporation process takes place.
In addition to this, we will provide you with the documents necessary to incorporate a company – certificate of incorporation, appointment of directors, share certificates, company seal memorandum and articles of association.
Advanced Incorporation Package
This package will also include banking solutions and assure full confidentiality of your identity in addition to the full services of our Basic Incorporation Package.
We will provide you with a bank account and also with professional resident director and resident shareholder. This will help you in case you do not want your names to be displayed publicly. The Nominee director will act on your behalf by signing contracts, MoU’s and other documents related to your business.
All these will be provided in addition to company incorporation, registered address and other services included in the Basic Incorporation Package.
Professional Backed Package
This package will take care of the ever changing intergovernmental agreements which are being exercised by most of the countries.
More and more countries are signing up to international trade agreements which means more robust process. The benefit of our package is that it will facilitate your business through the help of qualified accountants, directors, international lawyers, tax advisors and investment advisors. It will ensure that your business runs smoothly and with full privacy and confidentiality.
Customize as per your requirements – whenever and wherever required.
Select what all services you require in what all jurisdiction. You can upgrade the services anytime you want. Choose from a wide range of professional services in addition to the type of company and bank account you want to set up. With the ever changing laws, you can ask our domain experts to guide you through the right direction.
Benefits of Forming an Offshore Company in Samoa
- 0% tax on income, capital gains, stamp duty and exchange controls
- Availability of Off The Shelf companies
- No tax on interest receive from banks
- Change in domicile is permitted
- Form a company within 48 hours
- No double treaty taxation