Located in the southeastern United States, the state of Florida attracts more and more expatriates every year. Whether investors, professionals, or young students, all are drawn to the “Sunshine State” (the sunny state).
A mild climate, white sandy beaches, developed infrastructure, an attractive real estate market, and, of course, favorable taxation make it the ideal destination on the East Coast of the USA. Florida is the fourth most populous state in the Americas and also one of the most prosperous.
Florida appeals on every level; here are the reasons.
Immigrants in Florida
As we have seen, the state of Florida is the fourth most populous state in the United States. Many immigrants from around the world come to settle there in an attempt to conquer America. But that is not all: many American retirees also come to spend their later years under the Florida sun.
The real estate market in Florida
The real estate market is very attractive in this part of the country. There are excellent opportunities, which attract investors from around the world. Real estate prices in Florida are often significantly lower than those in Europe, hence the interest in Florida real estate. If you add sunshine all year round (or almost), then there is little hesitation about settling in Florida.
Taxation as mild as the temperatures
Taxation in Florida is very favorable and offers many advantages to company founders, while also making it easier to obtain a visa. As proof, any investor who invests USD 500 000 in a company could be eligible for a “green card” if the company achieves positive financial results and creates and maintains jobs.
Unlike California, where corporate income tax is 8.8 percent, in Florida it is only 4.458 percent. In addition, the state constitution expressly states that the state will not levy income tax on individuals.
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Schools in Florida
With the goal of revitalizing the state, Florida has tried to attract as many young families as possible and has therefore invested heavily in its educational offerings. Local authorities have focused on establishing excellent schools because, in their view, good schools attract good students, who encourage schools to pursue excellence.
In Florida, there are many students drawn by its university opportunities, with universities such as the University of Central Florida, for example.
The cultural scene in Florida
Florida offers a multicultural environment suitable for everyone.
The range of cultural entertainment continues to grow, making the region even more attractive as a place to settle. Events, concerts, museums, national parks, and more: there are plenty of activities to help you enjoy Florida.
Florida is also known for its many attractions, such as the famous Walt Disney park, for example. There is something for everyone.
If you choose to make Florida your home, you can be sure you will not lack entertainment, regardless of your budget.
Temperatures in Florida
Florida’s climate is very mild and can be compared to that of southern France. It has a subtropical climate, conducive to hot, humid summers and dry but mild winters.
Nature in Florida
Unlike many other states, Florida is a “green” state. Who has not heard of the Everglades? The crocodiles?
Florida is home to many wild animals. It is perfectly ordinary to see a pair of peacocks cross a road and bring all traffic to a standstill; it is also possible to spot alligators in the Everglades, raccoons, and more.
If you were still hesitating about settling in Florida, this list should help you see things more clearly.
The Merritt firm, based in Orlando, can assist you with your company formation project and can also serve as your Registered Agent.
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