Samoa Professional Mutual Fund License
A professional fund is one in which shares are made available only to professional investors and initial investment in which in respect of which the majority of each investor is not less than USD$100,000 or equivalent provided the said minimum investment must not apply to any investment made by the manager, administrator promoter or underwriter of the professional fund.
Samoa Professional Fund License Key Feature
- Must maintain accounting records
- Shares are not offered to the general public but to specified persons
- Minimum investment of USD$100,000 for each investor
- Must prepare audited financial accounts.
- Exemption from registration or recognition is given to a family trust fund as defined in the Act.
Samoa Professional Fund License Legal Requirements
Samoa Professional Fund License |
Corporate Details |
General |
|
|
Professional Fund |
|
No |
Share capital or equivalent |
|
|
USD 100,000 |
|
No |
Directors |
|
|
2 |
|
Yes |
|
No |
Service Providers Required |
|
|
Optional |
|
Yes |
|
Yes |
|
Yes |
Samoa Professional Fund License Tax Treatment
- 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.
- The company tax rate is 27%.
Samoa Professional Fund License Duration for Set up
3 -4 Weeks
Samoa Professional 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)
- We will advise you on the optimal legal structure for your requirements, size, expectations and circumstances.
- 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)
- We are very hands on in the post filing period checking with the regulator and service providers and updating you regularly.
- 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.
- We can provide you with fit and proper directors in case you need.
- We have a full in-house compliance support for all compliance requirements with the regulator and service providers