Florida LLC company

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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 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.

Florida LLC Company Formation

Florida LLC Company Formation Summary and Main Characteristics:

  • Florida is considered a business-friendly tax area with well-developed legal system;
  • Florida LLC will only be taxed in the US on income from US sources;
  • 0% Corporation tax– There is no withholding tax on interest, dividends and royalty, no capital gains tax in Florida for non-US residents;
  • There are no restrictions on foreign Directors or Shareholders;
  • No paid up capital requirement.
  • Interim dividends distribution is allowed. Distribution to foreign entities or individuals are not taxed in Florida;
  • Nominee servicesare available;
  • Board Meetings can be held anywhere in the world.

Florida LLC Company Formation Advantages

General Information 
Type of companyLimited Liability Company (LLC). All entities formed under this particular legislation must use LLC at the end of their company name.
Corporate LegislationThe Florida Department of State is the governing authority and companies are regulated under the Florida Corporate Statutes.
TaxationCorporation Tax – 0%
Tax on Dividends – 0%
No withholding tax on interest, dividends and royalty, no capital gains tax
CurrencyStandard Currency USD
Paid up capital requirementLLC 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 zoneGMT -4
Directors
Minimum no. required1 (Manager)
Local Director requiredNo
Location of MeetingsAnywhere
Shareholders
Minimum no. required1 (Member)
Location of MeetingsAnywhere
Company Secretary
RequiredLLC Companies don’t generally have Secretaries.
Local Secretary requiredNo
Registered office requiredYes
Share Capital
Standard CurrencyUSD
Standard Authorized Capital1,000 USD
Minimum paid up capitalNo
Accounting Requirements
Preparation of accountsNo
Requirement for auditNo
Accounts public accessibleNo
Requirement to file Annual ReturnNo
Further Information
Bearer sharesNo
ConfidentialityYes
Nominee servicesAvailable
Need to travelNo
ApostilleYes, Hague Convention 1961
OwnersIndividuals or Corporate

Company Formation Fee

  • Company Formation – with all services included for the first year: €1.200;
  • Certificate of Incorporation;
  • Memorandum and Articles of Association;
  • Appointment of Director(s), Distribution of Shares, Minutes, Resolutions in accordance with banks requirements;
  • Share Certificate(s);
  • Authorized Share Capital of $1,000;
  • Local Registered Office Address;
  • Personal manager assistance for the entire period.
  • Registered Agent;

Renewal Fee after one year – with all services included for the next year: €900

  • Personal manager assistance for the entire period.
  • Local Registered Office Address;
  • Registered Agent;

Further Optional Services:

  • Compliance Service – After Company Incorporation Services – new persons, legal entities, annual compliance review – €75 / hour;
  • Nominee Director – Individual or Corporate as per client’s request – €550;
  • Nominee Shareholder – Individual or Corporate as per client’s request – €350;
  • Power of Attorney – General / Special PoA Notary Legalized, in accordance official institutions and with banks requirements – €350;
  • Certificate of Good Standing,in accordance with official institutions and banks requirements – €250;
  • Certificate of Incumbency,in accordance with official institutions and banks requirements – €250;
  • Apostilled & notarized set of company documents – €190;
  • Apostille per document – €180;
  • Notarization per set of documents – €150;
  • Notarization per document – €120;
  • Company Seal – €65;
  • Company Rubber Stamp – €45;
  • Courier – €80;
  • Bank Account opening service – Quotation based on each particular case;

If you are looking to open a bank account in the particular country or bank, please contact as by e-mail office@consilformation.com
or call our Banking Department at +34 685 28 86 93

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