Published
Sep 4, 2023
Updates:
Sep 16, 2024
American Samoa
Price:
Delivery:
Legal forms:
Payment methods:
3 months
LLC, LLP, PLLC
Document checklist:
1.Passport
2.Proof of Residence
Requirements:
Local legal address (Handled by B2B Hub)
American Samoa
$
1000
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Registrar
Abbreviation
Phone
Ministry of Commerce, Industry & Labour
MCIL
+685 20441 Ext 125, 120,132
Location
Capital
Official languages
Population
Currency
ISO 4217
Pago Pago
American Samoa
English
43,914
USD
United States Dollar
Delivery
-
Certificate of incorporation
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Articles of association
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Meeting minutes
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Company stamp
Certificate of incorporation
Company stamp (By stempil.com)
Registration documents and guidance
FAQ for company formation in American Samoa
Q: What types of companies can be formed in American Samoa?
A: Companies in American Samoa can take the form of a corporation, a limited liability company (LLC), or a partnership.
Q: What are the requirements to form a company in American Samoa?
A: To form a company in American Samoa, you must have at least one director and one shareholder. The company must also have a registered agent with a physical address in American Samoa.
Q: How long does it take to register a company in American Samoa?
A: The registration process can take anywhere from a few days to a few weeks, depending on the completeness of the required documentation.
Q: What are the documents required to register a company in American Samoa?
A: The specific documents required depend on the type of company being formed, but generally include articles of incorporation, a certificate of incorporation, and a business license.
Q: Can foreigners own a company in American Samoa?
A: Yes, foreigners can own a company in American Samoa, but they must comply with certain regulations and obtain the necessary permits and approvals from the government.
Q: What are the tax implications of forming a company in American Samoa?
A: American Samoa has a favorable tax regime, with no federal income tax for individuals or corporations. However, companies may be subject to taxes in other jurisdictions where they do business.
Q: What are the ongoing compliance requirements for a company in American Samoa?
A: The specific compliance requirements depend on the type of company, but generally include filing annual reports and maintaining accurate records.
Q: Can I use my American Samoa company to do business outside of American Samoa?
A: Yes, you can use your American Samoa company to conduct business anywhere in the world, as long as you comply with the relevant laws and regulations in those jurisdictions. However, you may need to obtain additional licenses and permits to operate in certain countries.
American Samoa has a small, open economy that is heavily reliant on US assistance and imports. The main industries are tuna fishing and processing, tourism, and government services. The GDP of American Samoa was estimated to be $1.1 billion in 2019, with a GDP per capita of $9,890. The unemployment rate was estimated to be 14.2% in 2019. The main exports of American Samoa are tuna, fish, and other marine products, which accounted for about 80% of total exports in 2019. The main imports are food, machinery, and transportation equipment, which accounted for about 70% of total imports in 2019. The US is the main trading partner of American Samoa, accounting for about 90% of total exports and imports. The government of American Samoa has implemented several initiatives to promote economic growth, such as the American Samoa Economic Development Strategy and the American Samoa Economic Stimulus Plan. These initiatives have helped to create jobs and attract foreign investment.
American Samoa is a U.S. territory in the South Pacific, and its tax system is different from that of the United States. Here is a brief overview of the tax system in American Samoa:
Corporate taxation:
- American Samoa has a flat corporate income tax rate of 15% on net income for corporations.
- The tax year in American Samoa runs from October 1st to September 30th.
- Corporate tax returns must be filed by the 15th day of the 3rd month following the end of the tax year, and taxes must be paid by the same deadline.
Personal taxation:
- There is no individual income tax in American Samoa.
- However, residents may still be subject to U.S. federal income tax if they have income from sources outside of American Samoa.
Other taxes:
- American Samoa imposes a 5% excise tax on the sale of certain goods and services, such as alcohol and tobacco products.
- There is also a 4% sales tax on the sale of most goods and services.
- Employers are required to pay social security taxes for their employees.
It is important to note that tax laws and regulations in American Samoa may change, and companies and individuals should seek professional advice to ensure compliance with current tax requirements. Additionally, there may be penalties for late or incorrect filing of tax returns and payments, so it is important to adhere to the tax calendar and deadlines.
Application without registration
The first director
The second director
The third director
The first shareholder
The second shareholder
The third shareholder
Articles
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