Florida is an attractive state for company registration due to its business-friendly environment and advantageous legal framework. The state offers a favorable tax climate, with no personal income tax, which can be a significant benefit for business owners and entrepreneurs. Additionally, Florida's corporate tax rate is relatively low, further enhancing its appeal.
Florida's economy is diverse and robust, encompassing key industries such as tourism, agriculture, aerospace, and international trade. This diversity provides businesses with ample opportunities for growth and collaboration. The state's strategic location, with access to major ports and airports, facilitates domestic and international trade, making it an ideal hub for businesses with global aspirations.
The workforce in Florida is skilled and diverse, supported by numerous educational institutions and training programs. This ensures a steady supply of qualified professionals across various industries. Furthermore, Florida's quality of life, characterized by its warm climate, beautiful beaches, and vibrant cultural scene, makes it an attractive place for employees to live and work, aiding in talent retention.
Manimama ensures a seamless company registration process in Florida. Trust us to provide expert guidance and support, so your business can thrive from day one in Florida. Start your journey with confidence, knowing you have the best team by your side.
Legal Opinion about Florida as a Jurisdiction for Company Formation
Ganna Voievodina
Manimama, CEO
“Florida presents a compelling case for company registration, combining a favorable tax and legal environment, economic diversity, strategic location, skilled workforce, and high quality of life. These factors collectively create an environment where businesses can thrive and achieve long-term success. Manimama is ready to help you with business registration in Florida”.
Our Packages
Our comprehensive packages simplify the process of setting up the perfect legal entity for your business whether you are a small start-up, a non-profit company, or an international company. Let us guide you through every step, ensuring your business begins on a solid foundation.
Company Formation
€2,500
- Company formation in Florida
- Opening a bank account
- Registered address for the 1st year
Documents
€600
- Certificate of Incorporation
- Articles of Association
- Appointment of the first director
- Set of other required documents, depending on your corporate structure
- Delivery to provided address
Key Numbers about Florida as a Jurisdiction for Company Formation
minimum 1director for a company |
up to 2 weekstimeline for a company registration |
nominimum paid up share capital |
5.5%corporate income tax (CIT) rate |
nopersonal income tax (PIT) rate |
novalue added tax (VAT) |
Set up Your Company in Florida in Several Steps
Step 1. Initial setup
- Initiating a preliminary project assessment
- Preparation and filing of the package of documents
Step 2. Company registration
- Verification and reservation of the company name at the Florida Department of State
- Facilitating the notarial process for the company's official registration
- Incorporating the company's data into the Florida Department of State
- Obtaining the Certificate of incorporation from the Florida Department of State, Memorandum and Articles of Association
Requirements for Company Formation in Florida
Before deciding to set up a new company in Florida, read the information below to understand the characteristics of a Limited Liability Company (LLC):
Shareholders: the company is required to have at least 1 shareholder.
Director: the company must appoint at least 1 director.
Company secretary: no requirement.
Minimum share capital: there is no paid up capital requirement.
Legal address: the company is obliged to have an official registered office address in Florida.
Liability: the liability of its shareholders is limited to the amount of capital they have invested in the company through their shares.
Accounting: no accounting/reporting requirements, provided that there are no transactions in the United States or with US persons.
Taxes in Florida
- The standard rate is 5.5%.
- The CIT is imposed on all corporations for the privilege of conducting business, deriving income, or existing within Florida.
- A LLC must file a Florida CIT return.
There is no PIT in Florida.
Value-added tax (VAT)- Florida, like all states in the United States, does not have a VAT.
- Instead, Florida imposes a sales tax on the sale, rental, lease, or use of most goods and some services. The state sales tax rate in Florida is 6%.
Double taxation avoidance agreements in Florida: since Florida is a state within the United States, it does not independently negotiate DTAAs.
Start Your Company Formation Process with Manimama
There are numerous reasons why Manimama is the leading company formation agent in Florida:
Expertise in Regulations of Florida
- 1. Manimama has an in-depth understanding of Florida's legal and regulatory framework.
- 2. Our team ensures all legal requirements are meticulously met for a seamless company formation process.
Local and International Experience
- 1. With extensive experience in both local and international markets, Manimama can cater to a diverse range of business needs.
- 2. Our expertise spans various industries, providing customized solutions for each client.
Efficient and Timely Service
- 1. We pride ourselves on our swift turnaround times, ensuring your company is registered promptly.
- 2. Our efficient processes minimize delays and get your business up and running quickly.
Client-Centric Approach
- 1. Manimama prioritizes customer satisfaction by offering personalized support and guidance.
- 2. Our dedicated team is always available to address any concerns and provide expert advice.
Robust Network of Local Partners
- 1. We have established strong relationships with local authorities, banks, and service providers.
- 2. This network ensures that your business receives the best possible support and resources.
Ongoing Compliance Support
- 1. We provide continuous support to ensure your business remains compliant with laws of Florida.
- 2. Our team keeps you updated on any regulatory changes that may impact your company.
Frequently Asked Questions
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What is the first step to registering a business in Florida?The first step is choosing a business structure and then selecting a unique business name that complies with Florida's naming requirements.
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How do I check if my business name is available?You can check name availability by searching the Florida Division of Corporations' database online.
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Do I need a registered agent in Florida?Yes, all businesses registered in Florida must have a registered agent with a physical address in the state who can receive legal documents on behalf of the company.
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Do I need a business license to operate in Florida?While the state of Florida does not issue a general business license, some counties and municipalities require local business licenses.
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Are there any special permits or licenses required for specific industries?Yes, certain industries such as healthcare, real estate, and food services require special permits and licenses.
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Do I need to register for sales tax?If your business sells taxable goods or services, you must register to collect sales tax with the Florida Department of Revenue.
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Can I register a foreign business in Florida?Yes, you can register a foreign business (a business formed outside of Florida) by filing an Application by Foreign Entity and paying the appropriate fees.
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Where can I find additional resources and assistance?The Florida Division of Corporations' website offers a wealth of information and resources. Additionally, you can seek assistance from business advisory services, legal professionals, and local chambers of commerce.
Client Feedbacks
“Special thanks for your attentiveness and support every step of the way”.
“Contacted the Manimama OU with a rather complex matter, and was extremely pleased with the result”.
"I sincerely recommend this firm to anyone looking for reliable and competent lawyers”.
Manimama as the Best Solution for Your Company Formation in Florida
By choosing our company formation service in Florida, you are partnering with a law firm that values integrity, expertise, and client satisfaction. Let us help you set up your company in Florida and pave the way for your business success.
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The content of this article is intended to provide a general guide to the subject matter, not to be considered as a legal consultation.