Alaska is a state located in the northwest extremity of the United States West Coast, just across the Bering Strait from Asia. An exclave of the U.S., it borders the Canadian province of British Columbia and territory of Yukon to the east and southeast and has a maritime border with Russia’s Chukotka Autonomous Okrug to the west. To the north are the Chukchi and Beaufort seas of the Arctic Ocean, while the Pacific Ocean lies to the south and southwest.
In 2019, Alaska has a population of 731,545.
The 2019 gross state product was $55.7 billion, 48th in the nation. Its per capita personal income for 2019 was $76,220, ranking 8th in the USA. According to a 2013 study by Phoenix Marketing International, Alaska had the fifth-largest number of millionaires per capita in the United States, with 6.75%. The oil and gas industry dominates the Alaskan economy, with more than 80% of the state’s revenues derived from petroleum extraction.
| Limited Liability Company (LLC) | Corporation (C- Corp and S-Corp) | |
|---|---|---|
| Corporate Tax Rate | These taxes are calculated at the highest Alaska marginal tax rate of 9.4%. | |
| Company Name | A corporate name must contain the words “limited liability company”, “L.L.C”, or “LLC”. The corporate name may not contain a word or phrase that indicates or implies that the corporation is organized for a purpose other than the purpose contained in its articles of incorporation. A corporate name must be distinguishable upon the record. | A corporate name must contain the words like “Corporation”, “Incorporated”, “Company”, or “Limited”; or abbreviations of these words like Corp., Inc., Co., or Ltd. A corporate name must be distinguishable upon the record. |
| Board of Directors | An LLC must have at least one manager and one member. The manager(s)/member(s) can be of any nationality. | A corporation must have at least one shareholder and one director. The shareholder(s)/director(s) can be of any nationality. |
| Other requirement | Biennial Report: The LLC must file a Biennial Report in Alaska. The due date for business corporations is every 2 years, starting from when you filed your Initial Report. Registered Agent: Alaska LLCs are required to appoint a registered agent (called an “agent for service of process” in Alaska) to accept legal mail o n behalf of your business. The business owner will need to have his registered agent’s information ready to go before he completes his formation documents. Employer Identification Number (EIN): An EIN is required for corporations that have employees. Furthermore, most banks will require an EIN if the business owner wants to open a business bank account. | Biennial Report: The corporation must file a Biennial Report in Alaska. The due date is every 2 years, starting from when you filed your Initial Report. Officers: The Articles of Incorporation does not record names and addresses. Stock: the information about authorized shares and the number of shares or par value will be listed in the Certificate of Incorporation. Registered Agent: Alaska corporations must have a physical address in Alaska to receive legal and tax documents for the business. Employer Identification Number (EIN): An EIN is required for corporations that have employees. Furthermore, most banks will require an EIN if the business owner wants to open a business bank account. |
You will receive soft copies of necessary documents including Certificate of Incorporation, Business Registration, Memorandum and Articles of Association, etc. Then, your new company in Alaska is ready to do business. You can bring the documents in the company kit to open a corporate bank account or we can help you with our long experience of Banking support services.
| Limited Liability Company (LLC) | From US$ 599 | |
| Corporation (C- Corp and S-Corp) | From US$ 599 |
| General Information | |
|---|---|
| Type of Business Entity | Limited Liability Company (LLC) |
| Corporate Income Tax | Yes |
| British Based Legal System | No |
| Double Tax Treaty Access | No |
| Incorporation Time Frame (Approx., days) | 1 – 2 working days |
| Corporate Requirements | |
|---|---|
| Minimum Number of Shareholders | 1 |
| Minimum Number of Directors | 1 |
| Corporate Directors Permitted | Yes |
| Standard Authorized Capital/Shares | N/A |
| Local Requirements | |
|---|---|
| Registered Office/ Registered Agent | Yes |
| Company Secretary | Yes |
| Local Meetings | No |
| Local Directors / Shareholders | No |
| Publicly Accessible Records | Yes |
| Annual Requirements | |
|---|---|
| Annual Return | Yes |
| Audited Accounts | Yes |
| Incorporation Fees | |
|---|---|
| Our Service Fee (1st year) | US$ 599 |
| Government fee & Service charged | US$ 600 |
| Annual Renewal Fees | |
|---|---|
| Our Service Fee (year 2+) | US$ 499 |
| Government fee & Service charged | US$ 600 |
| General Information | |
|---|---|
| Type of Business Entity | Corporation (C-Corp or S-Corp) |
| Corporate Income Tax | Yes |
| British Based Legal System | No |
| Double Tax Treaty Access | No |
| Incorporation Time Frame (Approx., days) | 1 – 2 working days |
| Corporate Requirements | |
|---|---|
| Minimum Number of Shareholders | 1 |
| Minimum Number of Directors | 1 |
| Corporate Directors Permitted | Yes |
| Standard Authorized Capital/Shares | N/A |
| Local Requirements | |
|---|---|
| Registered Office/ Registered Agent | Yes |
| Company Secretary | Yes |
| Local Meetings | No |
| Local Directors / Shareholders | No |
| Publicly Accessible Records | Yes |
| Annual Requirements | |
|---|---|
| Annual Return | Yes |
| Audited Accounts | Yes |
| Incorporation Fees | |
|---|---|
| Our Service Fee (1st year) | US$ 599 |
| Government fee & Service charged | US$ 400 |
| Annual Renewal Fees | |
|---|---|
| Our Service Fee (year 2+) | US$ 499 |
| Government fee & Service charged | US$ 400 |
| Services and Documents Provided | Status |
|---|---|
| Agent Fee | |
| Name Check | |
| Preparation of Articles | |
| Same-day Electronic Filing | |
| Certificate of Formation | |
| Digital Copy of Documents | |
| Digital Corporate Seal | |
| Lifetime Customer Support | |
| One Complete Year (12 Full Months) of Alaska Registered Agent Service |
| Certificate of Incorporation | Status |
|---|---|
| Submission of all documents to the Financial Services Commission (FSC) and attending to any clarifications on the structure and applications required. | |
| Submission of application to the Registrar of Companies |
To incorporate a Alaska company, the clients is required to pay the Government Fee, US$ 700, including:
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