The ISO code of Samoa is WS according to the ISO 3166 standard. The local name of the country is the same as its English name. Samoa capital city is Apia. People in Samoa speak the English, and Samoan languages. On 1 January 1962, Samoa emerged as a sovereign political entity. In the year 01/01/1962, Samoa emerged as a sovereign political entity. The largest city in Samoa is Apia.
Samoa is located in the UTC +13:00 time zone, which is also called West Samoa Time or WST. The internet country code top-level domain (ccTLD) for Samoa is .ws. The International dialing code for Samoa is 685. People in Samoa drive on the left side of the road. Total land area of Samoa is 2,831 km² (approx. 1,093 mi²). Samoa is not a landlocked country. It means that is is bordered by at least one major body of water.
Samoa is located in Oceania. Samoa is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life.
Currently Samoa faces various issues, including soil erosion, deforestation, invasive species, overfishing.
Doing business in Samoa
We offer various corporate services in Samoa jurisdiction. These services can serve both, people coming from Samoa and foreigners. If you plan on doing business in Samoa you might be interested in contacting us.
To find out about starting your business in Samoa click on company formation in Samoa.
To find out how to open a bank account in Samoa and moreover what type of account Confidus Solutions suggests to create, please click on bank account in Samoa.
Choose preferred service below or continue reading to find out more about Samoa.
Demographics of Samoa
The total population of Samoa is 197,695 people. In Samoa, the population density is 66 people per square kilometer (172 per square mile). Because of this statistic, this country is considered to be sparsely populated. The ethnic diversity is almost uniform according to a fractionalization scale which for Samoa is 0.1376. Samoa has approximately 4929 foreign immigrants. The median age is approximately 23.1 years. In Samoa, 12.92 in every 100 people use internet. Samoa has a Human Development Index (HDI) of 0.694.
The majority religion of Samoa is Christianity, Samoa is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Click on a link to read more on demographics of Samoa.
Culture of Samoa
People in Samoa speak the English, and Samoan languages. According to data on inbound tourists in Samoa, 116,000 tourists arrive in the country each year. The first McDonalds in Samoa was opened on 2 March 1996, and it was located in Apia. One of the most popular national dishes of Samoa is palusami. To read more click on culture of Samoa.
Geography of Samoa
Samoa is considered to be a large nation because of its total area. Its total land area is 2,831 km² (approx. 1,093 mi²). Samoa is located in Oceania. Its capital city is Apia. Samoa has no land borders.
The highest point of Samoa is Mauga Silisili, with its official height being 1857 m (6,093 ft). Including land mass and EEZ, the total area of Samoa is approximately 130,781 km² (~50,495 mi²). The most notable natural resources found in Samoa are hardwood forests, fish, hydropower.To read more click on geography of Samoa.
Economy of Samoa
The currency of the country is Samoan tala. The symbol used for this currency is T, and it is abbreviated as WST. 6.6% of population in the country are unemployed. The total number of unemployed people in Samoa is 13,048. Each year, Samoa exports around $0.01 billion and imports roughly $0.32 billion. The Gini Index of the country is 47. Samoa has a Human Development Index (HDI) of 0.694.Samoa has a government debt of 50% of the country's Gross Domestic Product (GDP), as assessed in 2014. Samoa is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Major industries in the country are food processing, building materials, auto parts.
The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Samoa is $997 billion. Each year, consumers spend around $484 million. The ratio of consumer spending to GDP in Samoa is 70%, and the ratio of consumer spending to the world consumer market is 0.0014. The corporate tax in Samoa is set at 27%. Personal income tax ranges from 0% to 27%, depending on your specific situation and income level. VAT in Samoa is 15%, and it is known as Sales Tax. In 2013, Samoa received 120.6 million USD in foreign aid.In 2014, the foreign aid amounted to 97.8 USD.To read more click on economy of Samoa.
Infrastructure of Samoa
In Samoa, 100% of the population has access to electricity. There are 18,013 internet hosts in Samoa. Samoa has 4 airports nationwide.
The number of road motor vehicles per 1000 inhabitants in Samoa is 2. To read more click on infrastructure of Samoa.
Politics of Samoa
Samoa, is a unitary parliamentary republic. With regard to political and civil freedoms, Samoa is 1. Citizens in Samoa experience total freedom. The majority of countries in which citizens enjoy expansive civil liberties and political freedoms are representative democracies, in which officials are directly elected by citizens to advocate for their needs and desires. Free countries are often bolstered by healthy economies and high-functioning governments. The head of the government is Va'aletoa Sualauvi II.
According to the World Bank Group, the government effectiveness index of Samoa is 0.43. This indicates that the government of Samoa is mediocre. While some public and civil services are limited, in other cases they can be considered adequate or even effective. Potential investors should carefully evaluate the governmental situation in Samoa before considering any business maneuvers.In Samoa, the legislative power is vested in a Legislative Assembly. The strength of legal rights index for Samoa is 5. Overall, it is considered to be rather inadequate - bankruptcy and collateral laws are able to protect the rights of borrowers and lenders to some degree; credit information may be sufficient, but hardly available, or, the oppoiste case, available but not sufficient. In 2013, Samoa received 120.6 million USD in foreign aid. In 2014, the foreign aid amounted to 97.8 USD. Samoa is a member of the United Nations (UN). On 15 December 1976, it joined the UN as a full member state. Samoa is a member of the World Bank. To read more click on politics of Samoa.
Environment of Samoa
Samoa emits 1.3 metric tons per capita of CO2. 1050 km² of Samoa's territory is covered in forests. and forest land comprises 37% of all the land in the country. The number of road motor vehicles per 1000 inhabitants in Samoa is 2. To read more click on environment of Samoa.
Company formation in Samoa
The development of telecommunications and economic globalization has made it possible for interested investors to form companies around the world. With proper research, financial investments, and legal backing, business ventures can safely be established in Samoa.
When establishing a company in Samoa, an interested investor must do due diligence with regard to legal processes, international regulations, and sufficient investment for success. It is critical to understand cultural, social, and political factors of Samoa that will affect the establishment and growth of one's business. Contact us or click on company formation in Samoa to read additional information when setting up a business.
Bank account opening in Samoa
With the right paperwork and initial outlay, it is possible for a foreign citizen to open a bank account in Samoa. This opportunity for international accounts and investments offers several advantages based on economic regulations and tax structures. Interest rates and fees vary depending on your interests.
When considering opening a bank account in Samoa, one must enlist the help of international experts to guide them through the process. To find out more about our banking services click on bank account in Samoa or contact us.