Samoa Private Fund License

A private mutual fund is defined as one whose shares are not offered to the general public but to specified persons or by reason of a private or business connection between the promoter and investor with no minimum investment amount or are held by not more than 250 investors with a minimum investment of USD$25,000 for each investor or is designated as a private fund by regulators.

Samoa Private Fund License Key Feature

1. Must maintain accounting records
2. Shares are not offered to the general public but to specified persons
3. Minimum investment of USD$25,000 for each investor
4. Maximum Investors 250
5. Must prepare audited financial accounts.
6. Exemption from registration or recognition is given to a family trust fund as defined in the Act.

Samoa Private Fund License Legal Requirements

Samoa Private Fund License	Corporate Details
General
Type of Entity	Private  Fund
Local physical office required	No
Share capital or equivalent
Minimum subscription	USD 25,000
Minimum investors	250
Directors
Minimum number	2
Corporate directorship allowed	Yes
Local director required	No
Service Providers Required
Custodian	Optional
Fund manager/Investment manager	Yes
Fund administrator	Yes
Audited Accounts	YEs

Samoa Private Fund License Tax Treatment

1. Capital gains tax is levied at 27% on profits arising from the disposal of capital assets sold within 3 years of the date of acquisition.
2. The company tax rate is 27%.

Samoa Private Fund License Duration for Set up

3 -4 Weeks

Samoa Private Fund License Distinctive Benefits

• Double tax treaties With NZ to ensure ease of doing business
• Finely tuned regulatory regime that provides confidence in the quality of supervision while ensuring that the demands of the investment community can be met.
• Local fund administrators with an unrestricted licence (“authorised administrator”) have the ability to license professional and SMART investment funds independently of the regulator.

Why US (Key Strengths)

1. We will advise you on the optimal legal structure for your requirements, size, expectations and circumstances.
2. Valsen will assist to complete every form for each process in the best way we know how (Based on our many years’ experience with various regulators and service providers across the world)
3. We are very hands on in the post filing period checking with the regulator and service providers and updating you regularly.
4. Any queries raised by the regulators and service providers during processing will be quickly synthesized by us and we shall craft the right responses to move the process forward fast.
5. We can provide you with fit and proper directors in case you need.
6. We have a full in-house compliance support for all compliance requirements with the regulator and service providers