Samoa International Trust
Samoa Trust Legal Requirements
Samoa Trust |
Corporate Details |
Restricted |
|
|
Trust |
|
Yes |
Share capital or equivalent |
|
|
USD |
|
Any |
|
None |
Trustee |
|
|
One |
|
Yes |
Protector |
|
|
One |
|
NA |
Accounts |
|
|
Yes |
|
No |
|
No |
- Form: The Trust can be in any language provided there is a proper English translation: This is unique to Samoa.
- Protection against foreign succession rules: There are provisions preventing the enforcement of foreign judgments in Samoa with regard to foreign succession rules or claims in foreign matrimonial proceedings, which are as good as in any other jurisdiction.
- Duration of a Trust: This concerns the period during which a Trust can validly continue. Like only Labuan, Samoa offers total flexibility. The Trust can continue indefinitely or it can last for a fixed period.
- Accumulation of income: Income can be accumulated throughout the continuation of a Trust.
- Parties to the Trust: Detailed provisions are made for both a Protector and an Enforcer (of a Purpose Trust). There are specific and useful default powers exercisable by a Protector, which will apply if the Trust is silent in that respect.
- Trustees’ powers: Provision is made for a statutory duty of care to be observed by Trustees in the exercise of certain powers. This can be contracted out of in the terms of the Trust Deed.
- End to end comprehensive service
- Speedy and efficient service
- Expert advice on structuring options
- Dedicated ongoing compliance support
- Extensive network pool of service providers