ORDER FORMS >
HLA Offshore Co Order Form
HLA SIN Incorporation Order Form
HLA HKG Incorporation Order Form
HLA Nominee Order Form for Offshore Co
HLA Nominee Order Form for SIN-HKG Co
HLA SIN Virtual Office Order Form
HLA HKG Virtual Office Order Form
YACHT REGISTRATION FORMS >
Form 1A - Application for Registration Yacht-v24
Form 2A - Declaration of Ownership-v4
Form 2A Survey - Yachts under 24m-v9
Form 2B - Declaration of Change of Ownership-v2
Form 7 - Ext. CIYS Application for Membership-v7
Form 9 - Bill of Sale-v2
Form 10A - Yacht Carving and Marking Note-v6
Form 12 - Notice of Name Change-v2
Form 14 - Application for Deletion of Registration-v2
Prices in U.S. Dollars (Prices below do not include Nominee Director. Please refer to our Nominee Service Price List for fees.)
International Business Company's (‘IBC’s’) are companies incorporated in Samoa under the International Companies Act of 1987, but whose business is to be conducted outside Samoa, and which may not do business with any person resident in Samoa.
Samoa IBC’s are not as popular as they should be given the quality of the legislation, the good reputation of the government, their administrative ease, flexibility and taxation exempt status and the fact that they are widely accepted and understood by the international financial community.
Western Samoa is not party to any mutual assistance, gateway, or information exchange agreements unlike some of the British Dependent Territories. While taking a hard line on money laundering and fraud, Samoa has legislated to protect the confidentiality of its International Companies. In addition to common law protection, it is a legislated criminal offence to divulge any information regarding the shareholders, officers or operations of a Samoan International Company.
The International Companies Act expressly denies any right to disclose information that “will, or is likely to, result in the payment of any tax, other penalty or any fine by the company” (section 227 (4) (c) of the Act). Western Samoan legislation also gives far reaching powers to an International Company. Of particular interest to prospective clients is Article 4, Schedule 1 of the International Companies Act, 1987 (Section 20). It states that under The Powers of an International Company “it may acquire, hold, dispose of or deal with the whole or any part of the undertaking of any other company, association or business”.
A court order is only possible in cases of improper conduct of directors during winding up, fraud or dishonesty, or money laundering. Also, in Western Samoa the definition of “debt” specifically excludes any " “taxation, fines or penalties imposed by any government”. A foreign taxation authority is therefore unable to petition the court for the winding up of an International Company in Western Samoa for the recovery of tax related debts, because the court cannot recognize any taxation payable as debt.
The uniqueness of the Samoan legislation is also demonstrated by an asset protection section of the Act (Section 228 (B)) whereby a member can elect that his shares in the company can be automatically vested in a specified person on the occurrence of a specified event. The definition of “specified event” is flexible but it typically includes the occurrence of a foreign expropriation or court order. This can also be used by the original beneficial owner to pass a company on to his or her beneficiary upon presentation of the death certificate of the original owner. There are no similar statutory provisions protecting member interests in BVI or other traditional jurisdictions.
Key Corporate Features