INVESTMENT PROMOTION

We are committed to creating an attractive investment climate for both local and foreign investors. The country has displayed great political and economic stability over the last 10 years and, with relatively low labour costs, a favorable exchange rate and a well-managed economy, Samoa provides a highly favorable investment environment.

CITIZENSHIP INVESTMENT PROGRAM

 Background

Citizenship by Investment is the granting of citizenship status to an individual (and immediate family members) contingent upon a specified and quantifiable investment in Samoa. This scheme is administered by the Ministry of Commerce, Industry and Labour under the provisions of the Citizenship Investment Act 2016 and its Regulations 2016.

Previously there were only four options to obtain Samoan Citizenship which were Citizenship by Birth, Citizenship by Decent, Citizenship by Marriage or Citizenship by Permanent Residency. This new program will allow individuals and immediate family members an additional option to obtain Samoan Citizenship through investment.

Benefits

  1. Convenience – a second passport may afford visa-free travel to jurisdictions not available to country of birth.
  2. Tax Planning– several countries levy income tax on non-resident citizens.
  3. Personal Security– citizenship and a passport from a small, peaceful country is considered by some as protection when travelling, especially in times of political unrest, civil war, terrorism and other situations.
  4. Investment in the future– acquiring a 2nd citizenship may be considered an investment for the future.

General Requirements

In order for an investor to be considered eligible for Citizenship by Investment, the investor must satisfy the following criteria;

  1. The investor must intend to invest in any of the following qualifying investment areas;
    1. leasing and developing of government lands;
    2. processing or manufacturing of agricultural produce;
    3. processing or manufacturing or fishery products;
    4. tourism;
    5. information or communication technology;
    6. electricity generation through bio-fuel, solar, water or wind;
    7. investment in a government development fund for the purposes of national development or investment in a prescribed charitable trust;
    8. any services other than any services listed in the Reserved List under the Foreign Investment Act 2000.
  1. The investor must invest a minimum amount of SAT$4m;
  2. The investor must have a minimum net worth of SAT$2.5m;

Forms

 

APPLICATION FOR A FOREIGN INVESTMENT CERTIFICATE

The Division is responsible for the issuing of Foreign Investment Certificates which every foreign investor must have. A completed Foreign Investment Registration form must be submitted to the Ministry, which requires the approval of the Chief Executive Officer. A foreign investor must not pursue a business activity classified in the Reserved List of the Foreign Investment Act (FIA) 2000 and must comply with the requirements of a business activity under the Restricted List of the FIA 2000.

 

Sheraton Samoa Aggie Greys Resort Lagoon Style Pool edited sinaleireefresort
 

 

 

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