IOS:: Alaska, USA - Limited Liability Company

Tuesday, 16 March 2010

     Alaska is the largest State in the USA. Its total land area is greater than the territories of England, France, Spain and Italy together.
     In the 19th century Alaska was part of the Russian Empire, but in 1867 Tsar Alexander II sold the territory to the USA. Subsequently, extensive gold & oil deposits were discovered, leading to rapid economic development of the territory of Alaska. During World War II, Alaskan ports had considerable strategic importance in delivering military aid to Allied forces in the Pacific theatre of operations.
     Alaska was given statehood in 1959, becoming the 49th State of the United States of America.
     The motto of the state of Alaska is "North to the Future".
     Registration of companies in Alaska is carried out by the Division of Banking, Securities and Corporations of the State of Alaska.
     In common with other states of the USA, Alaskan corporate law offers the possibility of establishing a Sole Proprietorship, a General Partnership, a Limited Partnership, and C Corporations. However, the corporate entity that is most appropriate for international business purposes is the Alaska Limited Liability Company (LLC). More detailed information about Alaska LLC companies is given below.

GENERAL INFORMATION	Total area - 1,700,130 sq km Population - 626,000 Location - click here to see the map of offshore jurisdictions Political status - State of The United States of America Capital - Anchorage Official language - English Official currency - US Dollar Time zone - GMT - 9
Company type	Limited Liability Company (LLC)
Officers & Shareholders	Management and ownership of Alaska LLC companies is vested in the Members of the LLC, who act as both shareholders and officers of the company. The Members may be natural persons or corporate bodies from any legal jurisdiction. Member information is generally stated in the Certificate of Organization of the LLC. Alaska LLC companies require a minimum of 1 Member, who may act as sole operating officer (i.e. Director/President, Secretary, Treasurer, etc.).
Authorised Capital (Equity)	Standard authorised equity (capital) = USD 50,000. There is no statutory requirement for capital to be fully or partly paid on incorporation.
Company Names	Company names should end with the words "Limited Liability Company"; "Limited Liability Co." or the suffixes "LLC" or "L.L.C.". Company names containing restricted words such as "Bank", "Insurance", "Trust", "University", "College" etc. will not be permitted unless an appropriate State operating licence has been obtained by the company.
Beneficial Ownership information	There is no statutory requirement for ultimate beneficial ownership information to be disclosed to Alaskan state authorities.
Filing of Annual Return	An Annual Return must be submitted on the 1st of January each two years following the year of registration.
Filing of Financial Statement	There is no general requirement to file Financial Statements for an LLC company that has no business activities or income in USA and where management and control is carried out by Members who are not USA residents. All companies must maintain adequate accounting records.
Corporate Taxation	LLC companies which have no business activities in USA; do not derive any income from USA sources, and are managed and controlled by Members who are not USA residents, are exempt from USA Federal and State corporation taxes.
Tax Treaties	LLC companies which have no business activities in USA; do not derive any income from USA sources, and are managed and controlled by Members who are not USA residents, are not regarded as resident for tax purposes in USA and therefore are not entitled to take advantage of international Double Taxation agreements concluded by the USA with other countries.
Timeframe for incorporation	2/3 working days. A complete set of company documents can be delivered in 3/4 weeks.
Takeover of management & secretarial services for an existing Alaska LLC company	Possible, following verification of Beneficial Ownership and discharge of liabilities to previous corporate service providers.
Description of incorporation documents	Click here for itemised description of company documents.
"Ready-made"("Shelf") companies	Today we have 4 "Ready-made" USA companies available (click here for list of companies)
Price of Alaska LLC company	USD 1,640, including incorporation costs, full domiciliary (Registered Agent/Office) costs, Nominee services and legal support services for one year.
Cost of annual support services	USD 780 per year, including full domiciliary (Registered Agent/Office) costs, annual franchise taxes, Nominee services and legal support services for each year.

INTERNATIONAL OVERSEAS SERVICES has the following comments: -
     Alaska is rarely used as a base for international business activities, so third parties are unlikely to consider it as a possible jurisdiction for tax-exempt or 'offshore' companies.
     Alaska is generally considered to be reputable, 'onshore' jurisdiction, and companies there are regarded favourably by both other businessmen and official/public authorities.
     In our opinion, an LLC registered in the state of Alaska is therefore a safe and prestigious business vehicle for conducting international trade and other commercial operations.

| Offshore | Offshore fund | Ofshore |