The state of Florida has established itself as one of the most attractive destinations for foreign investors seeking to establish their companies in the United States, not only due to its exceptional climate, real estate, tourism, gastronomy, and entertainment offerings, but also due to the cultural and business diversity that undoubtedly makes it a driving force of development and transformation for the entire region. Opening an LLC in Florida for foreigners offers significant tax advantages and a relatively simple process when properly advised.

Why choose Florida for your LLC?

Unique tax advantages

• No state personal income tax
• Favorable tax structure for businesses
• Special benefits under the Florida Corporate Income Tax
• Robust asset protection according to the Florida Department of State

Strategic location

Florida, especially cities like Doral and Miami, has become a commercial bridge between the United States and Latin America, offering unique opportunities for entrepreneurs from Argentina, Colombia, Mexico, and Spain.

Requirements for opening an LLC in Florida as a foreigner

Necessary documentation

1. Registered Agent in Florida – Required by state law
2. Articles of Organization – Filing with the Department of State
3. EIN (Employer Identification Number) – Tax Identification Number
4. Identification Documents – Passport and apostilled documentation

Step-by-step process

1: Name Selection Check Availability with the Florida Division of Corporations

2: Designate a Registered Agent Under Florida Statute 605.0113, very LLC must have a registered agent with a physical address in Florida.

3: Submit Articles of Organization

4: Obtaining an EIN is a free process through the oficial IRS

Special tax considerations for foreigners

FIRPTA and its implications

The Foreign Investment in Real Property Tax Act (FIRSTA) is crucial in all this framework for foreign investors in real estate since it affects the profits obtained by foreign persons in the disposition of real estate interests in the United States, in which case it is key to have the best advice to be able to have clarity regarding investments and above all regarding profits. According to the Internal Revenue Service, a 15% withholding tax is required on real estate sales.

Double taxation treaties

The United States maintains tax treaties with several Latin American countries that may benefit your LLC:

Colombia: Treaty in force since 2012

Mexico: Comprehensive Agreement since 1994

Spain: Updated Comprehensive Treaty

Post-registration steps

Corporate bank account opening

Banks in Miami and Doral offer specialized services for foreign companies:

• Wells Fargo Business Banking
• Bank of America Corporate Services
• Chase Business Complete Banking

Continuous compliance

• Registered Agent: Annual renewal
• Tax filings: Depending on the chosen structure

Specialized consulting services in Doral

We also offer the following services:

• Complete LLC Registration
• International Tax Planning Consulting
• Accounting Outsourcing Services
• Ongoing Tax Consulting

Common mistakes to avoid

1. Failure to appoint an appropriate registered agent
2. Ignoring annual reporting obligations
3. Inadequate tax structuring
4. Lack of advice on international treaties

Next steps

If you’re considering opening a business in the United States from abroad, it’s essential to have specialized advice. Our team in Doral has specific experience working with investors from Argentina, Colombia, Spain, and Mexico.

Need personalized advice? Contact our business consulting specialists in Florida for a free evaluation of your specific case.

Suggested internal links:

• Special Virtual Notary Services in Miami
• Advice for Foreign Investors
• International Tax Planning