Public limited companySamoa
What it takes to form, own and run a public limited company in 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 shareholder is not liable for an obligation of the company by reason only of being a shareholder.
The registry’s and the law’s own pages do not mention it.
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Application to register a company under section 6 of the Act: $250
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
- Yes
What it takes to form
- A notary
- Not required
- A resident director
- Not required
- Paying up the capital
- Not in our records
Own it
Who may own and run it
- Directors
- At least 1 · none need live there · individuals only
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A company must have at least one director.
- Shareholders
- At least 1
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company must at all times have at least 1 shareholder
- Members
- At least 1 · one person may form it alone
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Under the Companies Act, one person can form a company, by being the only shareholder and the only director.
- A local company secretary
- Not required
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An application for incorporation of a company must specify: (a) the name of the company, which must comply with section 10; and (b) whether the company is a private company or a public company; and
- A local registered agent
- Not required
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An application for incorporation of a company must specify: (a) the name of the company, which must comply with section 10; and (b) whether the company is a private company or a public company; and
Each year, at the registry
- Annual registry fee
- WST 50
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For registration of an annual return under section 124(1) of the Act: $50
- Accounts on the public record
- No
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You do not need to submit financial statements.
- Audit for a small company
- Required
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apply to a company in respect of an accounting period if: (a) it is registered as a public company at any time during that accounting period; or
- Audit
- A public company must have its financial statements audited (s.131(1)(a)); a private company only where its rules require an auditor or shareholders holding more than 20% of distributions give written notice (s.131(1)(b)-(c)).
Important dates
When each obligation falls due, as the authority states it.
- Notice of a change of directors, or of a director’s name, residential address or postal ad
- 20 days after change of officers
With Registrar of Companies (Samoa Companies Registry)
Companies Act 2001 s.88(2)(d): within 20 working days of the change occurring (appointment or resignation) or of the company first becoming aware of it (death, or a change of name or address).
What is public
- Directors
- Public
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Using the Director Search tool you can determine whether an individual is, or has been, a director of a company.
- Shareholders
- Public
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Using the Director Search tool you can determine whether an individual is, or has been, a director of a company.
Tax
Tax on profit
How this company type is taxed, which can differ from its place’s headline rate.
Flat · 27%
Company income tax rate 27%; a company is liable for income tax separately from its shareholders, and a resident company is one incorporated, formed or registered in Samoa (Ministry of Revenue Information Sheet IS01).
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Company income tax rate – 27%
Work it out on a profit figure: the company’s tax, the owner’s, and what is left.
- CFC rules in Samoa
- Not in our records
Close it
Closing it
The other end, which most guides leave out.
- Route
- Removal from the Samoa register under Part 10 of the Companies Act 2001 (the registry points to Part 10 for the procedure); a company may also leave by transferring its incorporation to another country (s.299).
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The procedure for removal of a company is described in Part 10 of the Companies Act
- Statutory fee
- Not in our records
Every business in Samoa
VAT
- Standard rate
- Not in our recordsThe tax authority’s pages have not been read for Samoa.
Payment and banking services
1 service names Samoa on its own list: Airwallex. Each provider, and what a listing means.
Reference
Its name and code
- Kind
- Public limited companyDerived our grouping, the same words in every country
- Name in law
- Public limited company
- ISO 20275 code
- 7WL9Secondary GLEIF, Entity Legal Forms code list