Corporation (domestic, for profit)American Samoa
What it takes to form, own and run a private limited company in American Samoa, and how its profit is taxed. Each figure links to the page it was read from.
This company type
At a glance
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a statement that private property of the stockholders is to be exempt from corporate debts
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Three or more persons of full age, at least 2/3 of whom must be nationals of the United States and at least one a resident of American Samoa, may form a corporation
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but in no case may the number be less than 3. Directors need not be stockholders unless so required by the articles.
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The amount of authorized capital stock of any corporation organized under this chapter may not be less than $2,000.
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Corporations organized to exist perpetually shall pay to the Treasurer, before a certificate of incorporation is issued, a fee of $100
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34 percent of so much of the taxable income as exceeds $75,000 but does not exceed $650,000
Form it
Who registers it
- Registry
- Formed without visiting
- Not stated
The registry’s and the law’s own pages do not mention it.
- Formed online
- Not stated
The registry’s and the law’s own pages do not mention it.
What it takes to form
- A notary
- Not stated
The registry’s and the law’s own pages do not mention it.
- A resident director
- Not stated
The registry’s and the law’s own pages do not mention it.
- Paying up the capital
- Paid-in capital with which the corporation commences business may not be less than $1,000; stock may be issued only for money, or labor done or property actually received and applied to the corporation's purpose (ASCA 30.0150(b),(c)).
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No corporation may be permitted to issue stock except for an equivalent in money or labor done, or property actually received and applied to the purpose for which the corporation was created
Own it
Who may own and run it
- Directors
- At least 3
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but in no case may the number be less than 3. Directors need not be stockholders unless so required by the articles.
- Shareholders
- At least 3
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Three or more persons of full age, at least 2/3 of whom must be nationals of the United States and at least one a resident of American Samoa, may form a corporation
- Members
- At least 3
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Three or more persons of full age, at least 2/3 of whom must be nationals of the United States and at least one a resident of American Samoa, may form a corporation
- A local company secretary
- Not required
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shall have a president, vice-president and treasurer, who is chosen by the Directors or stockholders
- A local registered agent
- Not stated
The registry’s and the law’s own pages do not mention it.
Each year, at the registry
Not in our records Annual registry fee, Accounts on the public record, Audit for a small company, Audit: none of these is in our records for the Corporation (domestic, for profit).
Important dates
When each obligation falls due, as the authority states it.
- Annual report to the Treasurer
- 1 August
With Treasurer
Window runs 1 July to 1 August each year; 1 August is the last day.
What is public
Not in our records What the register shows the public is not in our records for the Corporation (domestic, for profit).
Tax
Tax on profit
How this company type is taxed, which can differ from its place’s headline rate.
Varies · 15–44%
Territorial corporate income tax under the Samoan Income Tax Act (IRC adopted by ASCA 11.0403) at graduated rates, plus a 5% surtax on taxable income above $100,000 capped at $11,750 (ASCA 11.0533, text of 1988/1989); the federal layer applies where the corporation is treated as foreign under IRC 881(b)/withholding rules. Rates are as published on the Bar Association's ASCA text, which carries history to PL 21-8 (1989); later amendments not seen.
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34 percent of so much of the taxable income as exceeds $75,000 but does not exceed $650,000
- CFC rules in AS
- Not in our records
Close it
Closing it
The other end, which most guides leave out.
- Route
- Voluntary dissolution under the articles or by vote of 2/3 in interest of the outstanding stock (ASCA 30.0121)
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when 2/3 in interest of all the stock outstanding votes in favor of a dissolution at a stockholders meeting called for that purpose.
- Statutory fee
- Not in our records
Every business in American Samoa
VAT
- Standard rate
- Not in our recordsThe tax authority’s pages have not been read for AS.
Payment and banking services
None of the services whose lists we hold names AS. Each provider, and what a listing means.
Reference
Its name and code
- Kind
- Private limited companyDerived our grouping, the same words in every country
- Name in law
- Corporation (domestic, for profit)
- Identifier
- AS-CORPORATIONA form ISO 20275 does not list.