SAMOA

Meetings and Minutes of Proceedings Directors’ and shareholders’ minutes of meetings are to be signed by the chairman of the meeting or by one of the directors who is a party to the proceedings (s.103(1)(b)). Where requested, Kaizen Certified Public Accountants Limited (“Kaizen”) will assist in the preparation of resolutions. Notice and quorum provisions for meetings are set out in the articles of association.   Shareholders’ resolutions may be passed without a meeting and without any previous notice of the resolution by means of a resolution in writing signed by no less than three fourths of members entitled to vote (S.99(2)). Directors’ resolutions may also be passed without a meeting and without any previous notice of the resolution by means of a resolution in writing signed by a quorum of directors.   The minutes of the company may be kept at the registered office of the company in Samoa or […]

BUSINESS TRANSACTIONS ICs may engage in any lawful business and may carry on transactions in whatever currencies they choose.   TAXATION Full exemption from taxation for any business activity or transaction carried out outside Samoa.   AUTHORISED CAPITAL / SHARES Nominative or bearer shares at owner’s option. Mortgages and charges on shares are optional and can be registered if desired. No paid-in capital is required. No minimum or maximum capital requirements.   DIRECTORS, OFFICERS AND SHAREHOLDERS Shareholders, directors and/or officers can be either corporate entities or natural persons. There is no requirement to register initial or ongoing changes in directors and/or officers. The directors may grant special or general powers of attorney. Register of Director(s) is optional and may be kept anywhere in the world. Companies are allowed to have a sole director. Neither the directors nor the officers need be shareholders. Only one subscriber required, thereafter at least one […]