Florida LLC for Foreigners: Market Access Without Personal Income Tax
Thinking of a Florida LLC as a non-resident? Benefits, real costs, the annual report, taxes, and who should choose Florida over Wyoming or Delaware.
Florida is one of the most dynamic business environments in the USA. It has no personal income tax, one of the country's largest consumer markets, and strong trade and travel links with Latin America, the Caribbean and Europe. It attracts entrepreneurs from all over the world, and for some foreign founders it is the right home for their LLC.
Why Florida?
- No personal state income tax for individuals.
- A large, growing market: tourism, real estate, logistics, healthcare, e-commerce and services.
- An international gateway: major ports and airports in Miami, Fort Lauderdale, Orlando and Tampa.
- A simple annual report, filed once a year online.
- A strong international business community, especially for Latin American and European founders.
Costs
| Item | Approximate cost |
|---|---|
| State filing fee | $125 |
| Registered agent (year 1) | $50 with UCB |
| Our formation + EIN service | $99 |
| First-year total with UCB | $274 |
| Annual report | About $139 per year, due between January 1 and May 1 |
A late annual report incurs a significant late fee, and continued non-filing leads to administrative dissolution. See the Florida company formation page for packages including a bank account.
Taxes in Florida
- Personal income tax: none.
- Corporate income tax: Florida does have a corporate income tax, but it applies to corporations and LLCs taxed as corporations, not to LLCs taxed as disregarded entities or partnerships.
- Sales tax: applies to many goods and some services sold in Florida, with local surtaxes. Online sellers with nexus must register. See US sales tax for online sellers.
Federal rules are the same as in any state: a foreign-owned single-member LLC files Form 5472 every year. See Form 5472 explained.
Who should choose Florida?
Florida makes sense if you:
- will have an office, staff, warehouse or property in Florida,
- sell physical products with Florida logistics or import-export through Florida ports,
- invest in Florida real estate, see real estate LLCs for foreigners,
- serve Latin American markets from a US base, or
- plan to visit or relocate to Florida and want the company there.
Who might prefer another state?
If your business is run entirely online from abroad, with no Florida presence:
- Wyoming costs less each year (annual report from $60) and offers more privacy. See Wyoming LLC for non-residents.
- New Mexico or Arizona have no annual report for LLCs.
- Delaware suits companies heading for venture investment, usually as a corporation.
If you form elsewhere and later open a Florida office, you would register the LLC in Florida as a foreign LLC, paying Florida's fees in addition to your home state's. See which state should a non-resident choose.
Privacy
Florida's annual report and public records list the LLC's managers or authorised representatives. If privacy is a priority, Wyoming or New Mexico may suit you better.
Banking
A Florida LLC can open a US business bank account remotely once it has its EIN. Our bank packages handle the application. See the US business bank account guide.
How UCB sets up your Florida LLC
- You choose a package and upload your passport and preferred company name.
- We check the name and file your articles of organisation with Florida.
- We act as your registered agent for the first year.
- We obtain your EIN.
- With a bank package, we open your US business bank account.
- We remind you of the annual report each spring.
Want a Florida LLC? WhatsApp us at +91 8105 199 399 or email info@ucbsolutions.com. Florida LLC + EIN: $274 all-in.
Let our experts handle it for you
Every business is different. Message us with your country, business type and goals, and we will recommend the right structure, state and package. We do the work; you focus on your business.
This article is general information for non-resident business owners and is not legal or tax advice. Rules and fees change; contact us to confirm what applies to your situation.
