25/09/2015
The Republic of Samoa: a very interesting jurisdictions to incorporate an offshore company
Samoa is an independent nation comprising the westernmost group of the Samoan Islands, in Polynesia. Samoa is one of the most creative offshore jurisdictions it is regulated by the Samoa International Financial Authority (SIFA).
Asset Protection:
The Samoa IC is one of the strongest offshore companies in the world when it comes to asset protection. The essence of the solidity of the asset protection can be found in the Samoa’s legislation section 228(B) http://sifa.ws/images/uploads/SAMOA_INTERNATIONAL_COMPANIES_ACT_1987.pdf,
This article stipulates that if a specified event occurs a member of the company can elect to have his shares vested in a specified person. It means that in any events, a foreign court order to seize the assets of the company, the owner of this company can immediately shifts its shares to another person.
Advantages of a Samoa IC:
No TAX
No need to file any accounts
Annual meetings can be hold anywhere
Minimum of 1 director and shareholder
Members don’t appears in the public record
Please find out more about Samoa here http://www.scs-offshore.com/jurisdictions-country/samoa/?package=company
