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Samoa: Moving with the Times

Samoa’s international finance industry, administered and supervised by Samoa International Finance Authority (SIFA), was established in 2005 to provide international financial services in an innovative and meaningful manner, in order to ensure that the greatest consideration is afforded to clients seeking a jurisdiction that provides the most sensible, accessible, modern, optimum and appropriate wealth management solutions. This article provides an insight into Samoa’s offshore solutions, particularly its newly-enacted Trustee Companies Act 2014 as well as its Trusts Act 2014 and Foundations Act 2016. Its compliance culture — through active participation in the work of the Organization for Economic Cooperation and...

Samoa

Country:                                Samoa Region:                                   South Pacific Currency:                              Samoan Dollar (Tala)/US Dollar (USD/US$) Languages:                English Time Zone:                 UTC-11 Phone Code:              +685 Communications:      Good Incorporation Cost:  300 USD$ Formation Time:       24 hours Maintenance cost:     NIL Samoa, which comprises two large islands and seven smaller isles, is situated in the centre of the Southern Pacific Ocean, approximately equidistant between Honolulu and Sydney and immediately east of the International Date Line. The Islands have a total land area of approximately 2,830 sq. km. Five of the islands are uninhabited. The administrative and commercial centre is situated...
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Profile - Samoa

Country:                                Samoa Region:                                   South Pacific Currency:                              Samoan Dollar (Tala)/US Dollar (USD/US$) Languages:                English Time Zone:                 UTC-11 Phone Code:              +685 Communications:      Good Incorporation Cost:  300 USD$ Formation Time:       24 hours Maintenance cost:     NIL Samoa, which comprises two large islands and seven smaller isles, is situated in the centre of the Southern Pacific Ocean, approximately equidistant between Honolulu and Sydney and immediately east of the International Date Line. The Islands have a total land area of approximately 2,830 sq. km. Five of the islands are uninhabited. The administrative and commercial centre is situated...