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Frequently Asked Questions

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General Questions

New on offshore business management in Samoa with us? Here are some basic questions.

What is offshore company?

An offshore company is a company incorporated outside the jurisdiction of its primary operations.

Offshore company is the same as any other company registered legally in an jurisdiction.  An offshore company usually has a low and simple tax regime and is specifically used for international wealth management purposes.

Although all offshore companies differ to a degree depending upon the corporate law in the relevant jurisdiction, all offshore companies tend to enjoy certain core characteristics:

  • They are broadly not subject to taxation in their home jurisdiction.
  • The corporate regime will be designed to promote business flexibility.
  • Regulation of corporate activities will normally be lighter than in a developed country.
  • Limited amount of information available to the public.

Most offshore jurisdiction does not allow the offshore companies to engage in business within the jurisdiction in which it is incorporated.

Why do we move our businness and investments offshore?

Offshore jurisdictions offer benefits in regulation and policies to facilitate simpler and more efficient business operation and protection of assets for entities registered in their country.  Some advantages such as:

  • Privacy protection and non-disclosure practice
  • Robust yet simpler legal frameworks in business maintenance
  • More options for access to capital
  • Tax efficiency
  • Avoidance of litigation from the country where the entity resides, with barriers by the jurisdiction
  • Faster establishment

For more information, please check out this page: https://samoatrust.com/samoa .

 

What are the advantages of offshore company from Samoa?

A Samoa Trust can enjoy the following benefits: total foreign control, privacy, maximum tax efficiency, asset protection, estate planning, efficient formation, additional controls for settlors, and use of English as one of the official languages of Samoa.

  • No Economic Substance Regulations (ESR) required by the EU/OECD for the other jurisdictions including BVI, Cayman Islands and Bermuda.
  • High level privacy & security, with sensible diligence and regulations.
  • No publicity of directors’ and shareholders’ information is required.
  • Maximum tax efficiency.
  • Very economic cost wise by comparison to other offshore jurisdictions.

For more information, please check out this page: https://samoatrust.com/samoa .

 

What's the procedure to register a Samoa company?

1. Transparency and following international business practices,  protocol and regulations.

2. Submit application form with all the relevant and required information.

3. Have the documents certified by domestic licensing proof and confirmation.

4. Provide all the necessary information

5. Follow the registration and membership information from the email.

How to re-domicile an Offshore Company to Samoa?

Pls refer to the article here:

https://samoatrust.com/2020/08/28/why-pay-inflated-costs/

Company and Entity Formation Questions

New around here ? Start With the Basics

What are the steps to redomicile a company in Samoa?

Redomicile to Samoa

The procedure and documentation to re-domicile a company to Samoa is as follows:

  1. A check of the proposing redomiciled company’s name;
  2. Where the name is acceptable a “application to re-domicile is filed to SIFA together with the following :-
  • The original or certified true copy of the Company’s Certificate of Incorporation;
  • An original or certified true copy of the company’s M&A;
  • Original or certified true copy of Certificate of Good Standing;
  • Copy of specific provisions in the jurisdiction of origin’s legislation allowing the transfer of domicile and an original or certified true copy of the approval from the relevant authority of that jurisdiction for the company to transfer out of that jurisdiction to Samoa;
  • An original or certified true copy of the director’s and or shareholder’s resolutions approving the re-domiciliation (refer attached); and
  • 3 x original revised M&A of the company to comply with Samoa’s International Companies Act 1988. This is to be signed by Intetrust as subscriber and dated the date of the application. We suggest that the revised M&A be our standard M&A unless special provisions are required and Intetrust will prepare and provide.
  • Also attached is the first page of the new M&A adopted that must sign by Shareholder(s) and certify and we will sign as Resident Agent.

Bank Account Questions

New around here ? Start With the Basics

How can I get an Offshore Bank Account?

Once you register the company in Samoa, with the company docs and your personal info docs, we can assist you to open an offshore account with banks we have connections with.

Can I open bank accounts in Hong Kong for my offshore company in Samoa?

Yes although quite some documents need to provide, which we are working with a few major banks to get a standard procedures and sets of docs to open bank accounts with them.

Trust and Foundation Questions

New around here ? Start With the Basics

What does it take to form a trust entity in Samoa?

Wealth Management Questions

New around here ? Start With the Basics

Can I sign up with wealth management packages in Hong Kong though I'm from another country??

Yes but you would need to come to Hong Kong to sign the contract, even just passing by the Hong Kong airport without entering the city.

Business Services Questions

The business services we provide to reduce your cost and maximize your return

How do I get a service plan with you?

Please contact us and let us know your needs and goals on your business operations. We will work with you to come up with a tailor made solution and plan which would serve you according to your needs.

Request a Call Back

Any further questions? Contact us to let us know your needs so we may offer solutions for you.

Call (+852) 3586 9902