Why Invest in FloridaPosted on May 21, 2012 by
Are you thinking about investing your money, in efforts to make more? Have you ever considered investing in Florida? Your answer should be, why not?
There are many reasons for you to think about investing in Florida, some of which are:
- As known to everybody, Florida tourism is on a roll and continues to pick up despite the economic impact. The industry grew up to $57 billion in 2011 with 86 million unique visitors and 1,013,100 people employed in jobs directly related to the trip. The number is expected to increase +2.5% for 2012.
- Florida is known as the sunshine state, so you can simply come and enjoy the sun, the beaches, and the luxuries of America.
- Florida is a state where the cost of living is low; the corporate tax is 5.5%, sales tax is 6% and there is no tax on personal income. For comparison purposes, if we consider the state of Delaware which is often cited as an exception, the corporate tax is only 8.7%, and the tax bracket is 6.95% on $60,000 income, it drops below 6.95% on income below $60,000, and there is no state sales tax.
- The State of Florida is also considered to be “transparent”. Governor Scott said: “Since my first day in office, I have committed to making sure the citizens of our state have access to the information they need to hold their state government accountable, I invite Floridians to view my e-mails, as well as those of my leadership team, to learn more about how we are working to make Florida the best state for businesses to grow and expand and create jobs.”
o In this sense, Governor Scott signed “The Florida’s Education Budget” into law this week, with $1 billion in State Education Funding, and recently signed the 2012 Job Creation and Economic Growth Agenda, which lowers taxes and creates a competitive advantage for Florida businesses. Surprisingly, the unemployment rate for March 2012 declined from 9.4 to 9.0.
If you have any questions whether practical (visa, installation, purchase or property, business, finance, etc) legal or logistics, please contact Boyer Law Firm. We will guide you through the pitfalls and the benefits on all levels, and will guide you in the right direction for your project.
Tags: Business Law in Florida
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