US (Florida)
Florida is considered as one of the most popular states for registering an LLC with a booming business community. South American jurisdiction borders on Alabama and Georgia. High population density, given the size of the area. It has a total population of about 20 million.
Florida is a "business-friendly" state with minimal corporate reporting requirements and some of the lowest annual fees.
Main advantages
- Opportunity to have subsidiaries.
- Transit taxes.
- Lack of corporate tax return.
- LLC is considered to be the easiest form of company to manage. No corporate decisions or resolutions are required.
- No residency requirements.
- The founders of the company must not be residents of the United States.
- Potential clients from all over the world due to the presence of large tourist cities (Miami and Orlando).
Company form: LLC
Taxes
A firm is completely tax-exempt if it does not have U.S. income and has no permanent residents or U.S. citizens.
Capital Gains Tax - no
Sales tax is 6%.
VAT: No
Capital gains tax: no
Accounting
Mandatory annual reporting.
No mandatory audit.
Minimum number of directors/shareholders: 1
No residency requirements for shareholders
Registered office
The company must have a registered local office.
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