North America Common Law
Real estate, hospitality and short stay operators, Florida (USA)
Florida LLCs taxed as pass throughs pay 0% state corporate tax; only C-corps owe the 5.5% Florida Department of Revenue rate. The state has no franchise tax for LLCs, which fits asset holding and operating SPVs.
0% state tax for pass through LLCs5.5% C-corp rateNo LLC franchise tax
Start setup {placement} 4 min · no card required
Corp tax
21%
Fastest setup
5 days
Tax treaties
70
Region
North America
What you'll need
- No resident director required
- Remote-friendly, no local office
- No substance requirement
- Minimum capital: No minimum capital
- Administrative language: English
- Legal system: Common law
Tax and treaty profile
- Corporate tax 21%
- Tax treaties 70
- VAT rate 0%
- Withholding on dividends 30%
Key treaty partners
UKCanadaGermanyFranceMexicoBrazil
Banking and payments
- Banking is straightforward
- Stripe supported
- Mercury supported
- Wise supported
- Crypto banking available
- EMI license framework available
Considerations
If institutional VC matters more than tax
Florida is recognised but not the US VC default. Series A term sheets routinely require a Delaware C-corp flip. If you plan to raise from tier-1 funds, start there.
Delaware flip likely5.5% C-corp rateNot VC default