Thanks to its hundreds of miles of beaches, year-round sunshine and warm temperatures, and many world-class attractions, the state of Florida is the number one tourist destination for people traveling to the US from Europe.
So it should come as no surprise that foreign investors also find the state very attractive.
Invest in Florida — Appealing to Foreign Investors
There are many reasons foreign business owners look to Florida to establish US branches, or to invest in brand new businesses in the States.
The weather and the lifestyle are certainly contributing factors. But playing an even bigger role in foreign investor’s decision is often the strength of foreign currency against the US dollar, the diversity of businesses in Florida, and the endless amount of leisure activities the state has to offer.
Invest in Florida — Catering to Foreign Business Owners
Because Florida gets so many foreign visitors who come to the state as tourists, the state government is accustomed to dealing with foreign nationals on a regular basis.
That is part of the reason why the state has streamlined the purchasing process and financing for foreign investors compared with most other US states. Currently, total holdings by non-US companies in Florida exceed $40 billion.
Invest in Florida — Tax Benefits
Both foreign and domestic investors also are attracted to Florida’s lucrative tax environment.
In Florida, there is no such thing as a state personal income tax. And, the state legislature has a reputation for being pro-business.
The state also offers a unique combination of strategic geographic position, serving as a major port of entry for goods coming into the US from South America, the Caribbean, and even from Asia through the newly widened and deepened Panama Canal.
Combine that with new infrastructure and a global concentration of corporate and financial resources, and Florida emerges as one of the best places in the world for foreign investors seeking to establish themselves in the US.