SAMOA

Only 136 residence permits have been issued on the basis of a real estate investment in Spain in 2022, which is 72 per cent lower than the 497 visas issued by the Spanish consulates worldwide a year before, in 2021.   Data provided by the Ministry of Foreign Affairs to Spanish nonprofit newspaper The Objective also show that before the outbreak of the Coronavirus pandemic, in 2019, 681 visas were issued to those purchasing homes and other types of real estate in Spain, or 80 per cent more than in 2022.   In spite of the low number of visas...

IMMIGRATION BY INVESTMENT NEWS 2023

By Tuala Tapuitea Lafaialii-Petaia   The Samoa International Business Finance Centre Ltd. (Samoa IBFC) in collaboration with Asia Outbound hosted a Webinar session for Professionals from mainland China on Wednesday 31st March 2021, to foster greater interest in Samoan solutions, familiarize the participants with the solutions available and provide a forum to raise any issues for clarity.    The Webinar session was attended by several Professionals from different Entities, as well as Senior Executives of renowned Trust Companies.    The Webinar included presentations highlighting the International Finance solutions offered by Samoa, as well as the developments in the international financial market...

CORPORATE & FIDUCIARY SPONSORED CONTENT 2021

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...

CORPORATE & FIDUCIARY EXPERT INSIGHTS 2020

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...

2020

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...

CORPORATE & FIDUCIARY JURISDICTION 2019