Offshore Company
SAMOA INTERNATIONAL COMPANIES AMENDMENT ACT 2014
SAMOA UPDATE – SAMOA INTERNATIONAL COMPANIES AMENDMENT ACT 2014 (“Amendment Act”) The Amendment Act regarding abolition of bearer shares and accounting records keeping for Samoa International Companies (the International Companies? was enacted in 7 April 2014. The main amendments to the International Companies are as follows: – 1. Section 39 – Bearer shares and share warrants A memorandum of a grandfather bearer share company is deemed to be amended with effect from 27 January 2014 to state that the company is not authorized to issue bearer shares or share warrants to bearer, convert registered shares; and with effect from that date, the company shall cease to be a bearer share company. 2. Section 39A – Transitional provisions Any bearer shares or share warrants that have been issued by an international company to bearer prior to 27 January 2014 shall continue for a period of 12 months from the commencement of […]
Samoa Company Registration Fees and Registration Procedures (Readymade Company)
1. Samoa Company Registration Costs Our fees together with the first-year maintenance fee for a Samoa readymade (shelf) company are USD1,050 excluding delivery fee. In particular, our fees cover: (1) first year license fee (2) first year registered agent fee and year registered office fee (3) first year nominee company secretary fee (4) One complete company kit including the corporate documents and company seal (5) our incorporation service charges An extra USD200 will be charged if the shelf company chosen comes with a Chinese name. 2. Documents to be provided by client for the purpose of incorporation (1) Photocopy of passport of each of the shareholder and director (2) Residential address with proof, such as utility bills, telephone bills of each shareholder and director (3) Proposed name of the company (4) Amount of share capital (unless otherwise advised, all company will be incorporated with a standard share capital of USD1,000,000) […]
Samoa Company Registration Fees and Registration Procedures (Custom Made Company)
1. Samoa Company Registration Fee Our services for handling the registration of a new Samoa international company together with the first-year maintenance fee are USD1,050 excluding delivery fee. In particular, the fee covers: (1) first year license fee (2) first year registered agent fee and year registered office fee (3) first year nominee company secretary (4) one complete company kit (5) our incorporation service charges An extra USD150 will be charged for addition of Chinese company name. 2. Documents to be provided by client for incorporation (1) Photocopy of passport of each of the shareholder and director (2) Residential address with proof, such as utility bills, telephone bills (3) Proposed name of the company (4) A brief description of the principal business activities of the proposed Samoa company (5) Amount of share capital (unless otherwise advised, all company will be incorporated with a standard share capital of USD1,000,000) and percentage […]
Why Incorporate in the Republic of Marshall Islands
The Republic of Marshall Islands offshore companies, such as Non-Resident Domestic Corporations (or International Business Companies, “IBCs”), are essential to commercial life; a business person that never used an NRDCs or IBCs has probably not received quality professional advice. It is also important for thousands continuing to use IBCs to make sure that some things don’t change. There are important elements to determine the usefulness of the NRDC / IBC and worthiness of its origin: Political stability in the selected jurisdiction; communications network; availability of professional and technical support; reputable track record of the jurisdiction; and compliance with international standards, especially the Republic of Marshall Islands is one of those jurisdictions. FLEXIBILITY Jurisdiction at the Republic of Marshall Islands “RMI” offers the possibility to form offshore companies with either registered, bearer shares, or both. Most jurisdictions have abolished this possibility and others, might as well have. In addition, a NRDC […]
Why go offshore
Protect Wealth. Save Tax. Reduce Operating Costs. Individuals and corporations go offshore for a number of reasons: Save tax Protect wealth Reduce risk Maintain privacy To avoid unnecessary regulations or bureaucracy. Use the information and links set out below to help you find an offshore solution that works for you. International trading Holding portfolios of stocks, bonds and cash Holding Investments in Subsidiary or Associated Companies Utilizing Double Taxation Treaties Privacy and Wealth Protection Personal Service Companies for expatriates and individuals Property and Land Ownership Employment Companies Patent, Royalty and Copyright Holding Stock Market Listings and Capital Raising Exercises Financing Ship Management + Yacht Owning International Trading – By interposing offshore companies into international trading transactions it may be possible to accumulate profits arising out of these transactions. Holding portfolios of Stocks, Bonds and Cash – Cash assets are held offshore, and may earn deposit interest gross […]
What is an offshore company
A “company” or a “corporation” is what’s called in legal-speak a juridical person, or a corporate body. A corporation can have and do much of the same as any private individual – it can own assets in its own name, enter into contracts, acquire rights and obligations, be liable for its actions. So, same like an adult human being, a corporation normally has it’s own legal personality. Even a corporations’ life is somewhat similar to that of a human being – a corporation is “born” (by a fact of registration in an official Registrar) and it can “die” (by being dissolved or liquidated). There are several components in every corporation, each with its own purpose. As this article primarily deals with what is popularly known as “offshore company”, a question may arise: what is the difference between an offshore company and an “ordinary” company? Structurally – there is no […]
Types of Companies Available from Cayman Islands
Ordinary Companies An ordinary company incorporated in Cayman Islands must have at least one shareholder of record and at least one director. An annual general meeting must be held each calendar year. A Cayman ordinary company must file an annual return detailing its shareholders, with the Registrar of Companies. The Register of Members is maintained at the registered office and is open to inspection by any person. Ordinary Non-Resident Companies The provisions are the same for ordinary companies except that the company must be designated a non-resident company by certificate issued by the financial secretary, provided that he is of the opinion that it does not, and does not intend to, carry on business within the islands. Ordinary nonresident companies may be converted to exempted companies. Cayman Islands Exempt Companies An exempted company is incorporated in the same way as an ordinary company and must have at least […]
The Seychelles Special License Companies (“CSLs”) – Key Features, Advantages and Benefits
The Seychelles Special License Company (or “CSL” as it is better known) – is a relatively new product which came about by virtue of the passing of the Seychelles Companies (Special Licenses) Act in 2003. Having seen the success enjoyed by the Mauritius International Financial Services sector (which utilized its DTA??its Double Tax Avoidance Treaty – with India as the basis for creating a lucrative company product) Seychelles, with a number of favorable DTAS (including with behemoths China and Indonesia) saw the potential for creation of a similar product hence the passing into law of the Seychelles Companies (Special Licenses) Act. (A copy of the Act can be viewed by visiting the Downloads section of our website at Our Services). Of added advantage is the CSLs ability to sidestep blacklisting by onshore jurisdictions by virtue of its classification as a low-tax (as opposed to zero-tax like the IBC) Domestic Company. […]
The Seychelles IBC – Key Features, Advantages & Benefits
The Seychelles International Business Company (based on the classic Bahamas and British Virgin Islands IBC Model), is a tax-free corporation designed for use in all forms of international trading and investment activities. With no reporting requirements, minimal record-keeping obligations, and unparalleled privacy features the Seychelles IBC has risen in stature to become one of the most sought after IBCs in the International Financial Services World. Unlike the historically popular Caribbean (and Channel Islands) IBC Centres (most of which, as British Colonial territories, are facing enormous pressure to bring their privacy features and tax rates into line with the rest of Europe) Seychelles is a politically stable and independent republic and has signed NO Tax Information Sharing Treaties. Key Benefits of the Seychelles IBC include: It’s Inexpensive: An annual operating license fee of only $100 only is payable to government (regardless of the amount of the IBCs stated maximum authorized share […]
The Mauritius Advantages
Strategically located at the cross-roads of investments in the Indian Ocean region, the Republic of Mauritius has enjoyed unprecedented socio-economic development with a substantial economic growth averaging 5% for the past 20 years. This is the fruit of careful economic governance backed up by sound business and financial infrastructure with a reputation for reliability, efficiency and probity. The Government introduced a wide range of incentives to attract investments, and as a result, while the agricultural sector used to dominate, up-market tourism followed by textile production now accounts for the greater part of the Mauritian economy. The further consolidation of the legal and fiscal framework through the enactment of a series of modern and user-friendly legislation has contributed to the rise of Mauritius as a prominent offshore financial services centre and is adding a new dimension to the economic prosperity of the country. In formulating new legislation, the Government […]