Florida’s economy is driven by the 60 million tourists a year visiting the Sunshine State. Agriculture, mining and aerospace industries are also significant economic contributors and real estate in Florida is big business. In terms of business, investors can benefit from the competitive operating costs and business friendly tax policies implemented by the Florida state government.
Universal Company Incorporations understand the challenge of expanding your business into the USA. Our team will comprehensively support your incorporation, ensuring your business has the potential to achieve its long term growth and profitability prospects in Florida.
Company Set Up
Incorporating the right company form for your business is key for its development and success in Florida. There is a range of real estate options and company forms to suit every type and size of business.
The cost of doing business in Florida is significantly less than other high GDP states such as New York and California. Investors setting up in Florida can also take advantage of government incentive programmes such as workforce training and specialised business locations.
Florida is a relatively low tax state and has the highest AAA bond rating, which is great for investment.
There is no Income Tax levied in Florida, although federal income taxation does apply. The Sales Tax rate is 6% and there is no tax on estate, inheritance, or intangible goods.
Corporations operating in Florida must submit tax returns periodically.
Universal Company Incorporations is always on hand to guide you through all of the stages of forming a new enterprise or expanding an existing company in multiple countries. Please don’t hesitate to call us on +44 (0) 208 421 7471 or contact us via the website for help and advice.