Florida is an attractive jurisdiction in which to incorporate as sales tax applies only to products sold within Florida and, unlike many other US states, there is no Personal Income Tax. Furthermore, the relaxed reporting standards meaning companies registered in Florida are not required to file annual accounts and directors and shareholders both benefit from a high degree of privacy.
Companies require a registered agent and a registered office where the Secretary of State and other official parties may send legal documents. Companies are not obliged to have their registered office in Florida. If the company’s registered office is in Florida you may act as your own registered agent, however, if it is outside of Florida we can provide you with a resident agent as part of our Corporate Administration Package.
Only one director of any nationality is required. Directors benefit from a great degree of confidentiality as there is no official register of directors available to the public.
Only a single shareholder is required and corporate shareholders are permitted. For LLC and C Corporations shareholders may be of any residency but S Corporations require a resident shareholder. There is no requirement to file shareholder registers with the authorities meaning shareholder details are not publicly available.
There is no minimum share capital requirement for incorporations in Florida.
There is no requirement for a company registered in Florida to file accounts, director registers or shareholder registers.
- Modern and efficient multilingual banking & financial services sector;
- Excellent air and sea connections and telecommunications services;
- Professional, reputable and efficient Government and Tax Authorities;
- A mature professional services sector;
- Very low expense level (fees) for financial and professional service provision compared to other Jurisdictions. The difference is more evident in the case of professional service recurring costs (administration, accounting & tax compliance) are estimated to be at 35- 40% of Western European rates.