HOW TO START AN EXPORT IMPORT BUSINESS IN ALASKA

How To Start Export Import Business in ALASKA, How to incorporate in ALASKA, ALASKA tax and registration rules. ALASKA investing opportunities. ALASKA's top export and import goods

How To Start Export Import Business

USA is the second largest exporter country in the world. It is also the largest importing country with USD 2.4 trillion. Few small and medium-sized companies are exporting or importing. At this point, it seems very logical to enter into the export import business.

Before you start an export or/and import business , you need to build up a company. So the first step could be learn how to incorporating in Alaska. Afterthen you decide to choose the right way to manage your export / import business. You can organize all things by yourself if you have enough knowledge and experience about export / import business.

1.way: You can get support from foreign trade companies as below:

Export management company (EMC) : EMCs usually specialize by foreign market or product type. They handle all steps on behalf of you. If you have a proper product its easy to find and deal with EMC. EMC working style as; commission, salary or retainer plus commission.

Export trading company (ETC) : They are searching the foreign buyers (importers) and match the domestic producers with them. These companies ETC works on a commission basis.

2.way: You can sell your goods directly to foreign

Import / export Merchant : These companies buying the goods from domestic producers and sell them on abroad with their profits. So all risks and charges belong to them. Import / export companies could be located at foreign country. Its better to work with exworks delivery term if you dont want to organize customs clearence or transportation process.

Import / export company : Its the main goal if you want to learn how to do import export business and grow your company. If you want to earn main profit without sharing or commission to reseller, broker of any kind of middleman.

Incorporating in Alaska

If you plan to start any business, the first step should be incorporating in Alaska. So you need to know, how to incorporate in Alaska? and also get an information that; what you do

Corporate Name: You should check the corporate name if its already registered or not. 
Your company name also cant be similar with any older registered company

Your company name should include; “Corporation” "limited", company" or “incorporated”. If its work related with finance and banking sector, the company name also may include; “banking” or “bankers”. In Alaska state, your company name shouldnt include; "village" "city" or "brought" 

You have to prepare the “Articles of Incorporation Requirements” including the following details:

• Minimum one person as a directory of company
• You dont have to residence in Alaska to open a corporate in Alaska
• There is no any spesific age requirements to incorporate in Alaska
• You dont need to list any officer, manager or worker of the company in main article
• Each year, you should prepare the biennial report and it takes 100 USD fee. The3 biennial report prepare every two years in january.

How to Form a Corporation in Alaska

1. Choose a Corporate Name and check if its register or not

2. Prepare a Certificate of Formation : 

3. Appoint a Registered Agent : 

4. Set Up a Corporate Records Book

5. Prepare Corporate Bylaws

6. Appoint Initial Corporate Directors

7. Hold Your First Board of Directors Meeting

8. Comply with Alaska Tax Requirements

Registration Fees in Alaska:

All domestic and foreign companies should pay 250 USD as state filing

Tax Rates in Alaska State (AK)

Base state sales tax rate: %0

Local rate range: %0 - 7%

Total rate range: %0 - %7

Alaska state main Tax rate is %0. By the way tax rates changed in Alaska state depends on city municipalities. Forexample in Anchorage and Fairbank cities, the tax rate is %0 however in Kodiak city, tax is %7  Its better to check all city and town tax rates before you start up any business in Alaska.

Alaska Export Products

Alaska, exports near 5 billion USD products to other countries outside USA. 
Alaska have rich gold mines over the state. The state economy is based on fishing. 

If you produce any automobile parts or product related with automobile and already working as a domestic buyer or seller, its better to search how toexport your goods in global market and if any chance to make more profit on abroad.

Alaska’s Top 5 Export Products

• Zinc ores, concentrates: 1.2 billion (25% of Alaska’s total exports)
• Lead ores, concentrates:  430 million USD
• Miscellaneous frozen fish meat: 385 million USD
• Frozen Pacific salmon: 315 million USD
• Miscellaneous frozen fish : 295 million USD

Alaska’s Top 5 Exporting Country

• China 1.3 billion USD
• Japan 812 million USD
• Canada 707 million USD
• South Korea 669 million USD
• Germany 182 million USD