Samoa's offshore corporate legislation was originally introduced in the late 1980s and was based on Cook Islands legislation but now includes numerous enhancements, making it more user-friendly to suit the requirements of the Asian market. Of particular note are the following:-
- Chinese character names (and other foreign languages) are permitted, in addition to English names on the Certificates of Incorporation, in a properly supervised manner;
- Documents may be filed in any language. We have developed a Chinese language M&A to make Samoan companies even more appealing to Chinese language jurisdictions;
- Companies may pay their licence fees for 5, 10 or 20 years in advance and substantial discounts are offered to companies that have elected to take up this offer;
In order to attract business from more expensive jurisdictions in difficult economic times,Samoa has, in August 1998, introduced a new legislation that enables the easy migration of companies in a convenient and effective manner. The government fee for re-domiciling is USD100. Samoa has also reduced the annual licence fees for these companies (no matter what the authorised capital is) and announced a special offer for re-domiciled companies at only USD100.
Provision has been made to allow the filing of documents and maintenance of accounts by electronic means.