Florida LLC Company Formation
Florida is the southernmost contiguous state and the 4th largest economy in the United States. The state is bordered to the west by the Gulf of Mexico, to the northwest by Alabama, to the north by Georgia, to the east by the Atlantic Ocean, and to the south by the Straits of Florida. Florida is the 22nd-most extensive, the 3rd-most populous and the 8th-most densely populated of the U.S. states. Jacksonville is the most populous municipality in the state and the largest city by area in the contiguous United States. The Miami metropolitan area is Florida’s most populous urban area and has the second largest International Financial Industry in the US, second only to New York City. Tallahassee city is the state’s capital.
Florida’s infrastructure and business-friendly tax policies are consistently recognized among the nation’s best and have attracted the headquarters operations of many nationally ranked companies. Florida is also a global leader in international trade and foreign direct investment ($158 billion in 2013). Florida is also a major gateway for merchandise trade between North America and Latin America. Forty percent of all U.S. exports to Latin America pass through Florida.
A Florida LLC Company is not considered a tax haven company; however, it has the same advantages as one of them.
As a non-US resident, your Florida LLC Company, known as ‘Florida LLC Company’ for short in this context, will only be taxed in the US on income from US sources, meaning that income from other countries will not be taxed by the US.
Advantages of Florida LLC Company:
Summary of Florida LLC Company and main characteristics:
General Information | |
---|---|
Type of company | Limited Liability Company (LLC). All entities formed under this particular legislation must use LLC at the end of their company name. |
Corporate Legislation | The Florida Department of State is the governing authority and companies are regulated under the Florida Corporate Statutes. |
Taxation | Corporation Tax – 0% Tax on Dividends – 0% No withholding tax on interest, dividends and royalty, no capital gains tax |
Currency | Standard Currency USD |
Paid up capital requirement | LLC Companies don’t have a paid up capital requirement. The initial investment to the company is made by its members (shareholders) after the company is incorporated and when operations are initiated. |
Time zone | GMT-4 |
Directors | |
Minimum no. required | 1 (Manager) |
Local Director required | No |
Location of Meetings | Anywhere |
Shareholders | |
Minimum no. required | 1 (Member) |
Location of Meetings | Anywhere |
Company Secretary | |
Required | LLC Companies don’t generally have Secretaries. |
Local Secretary required | No |
Registered office required | Yes |
Share Capital | |
Standard Currency | USD |
Standard Authorized Capital | 1,000 USD |
Minimum paid up capital | No |
Accounting Requirements | |
Preparation of accounts | No |
Requirement for audit | No |
Accounts public accessible | No |
Requirement to file Annual Return | No |
Further Information | |
Bearer shares | No |
Confidentiality | Yes |
Nominee services | Available |
Need to travel | No |
Apostille | Yes, Hague Convention 1961 |
Owners | Individuals or Corporate |
Register your Florida LLC Company
- Document Notarization per document: € 500
- Bundle of documents Notarization;
- Document Apostillation per document;
- Bundle of documents Apostillation.
If you are interested in company formation in Florida, you can contact us any time.