Promote:
Invest in California
A short guide for companies expanding into California: the economy at a glance, the rules and steps to set up, and who can help, each with its source.
1. California at a glance
PopulationEstimate
39.4 million
The population was 39,355,309 as of July 1, 2025.
Source: Census Bureau, state population estimates, July 2025 (opens in a new tab) · as of 2025
GDP
US$4.3 trillion
GDP was US$4,297,449.8 million in 2025, in current dollars.
Source: BEA, GDP by state, 2025 (annual update, September 2026) (opens in a new tab) · as of 2025
GDP per personEstimate
US$109,196
GDP per person was US$109,196.2 in 2025, in current dollars, computed from BEA's GDP and the Census Bureau's population estimate.
Source: BEA, GDP by state, 2025 (annual update, September 2026) (opens in a new tab) · as of 2025
Real GDP growth
3.5%
Real GDP growth was 3.5 percent in 2025, as BEA publishes it.
Source: BEA, GDP by state, 2025 (annual update, September 2026) (opens in a new tab) · as of 2025
Currency and inflation: see the United States at a glance
2. Before you set up
The body that handles foreign investment, any one-stop route, California’s limits on foreign ownership and the zones, as the guide found them.
The Governor's Office of Business and Economic Development is California's state economic development organization, as SelectUSA lists it.
Source: SelectUSA, state economic development organizations list (opens in a new tab) · as of November 4, 2026
California has no single business portal: GO-Biz says a business registers its entity with the Secretary of State, files taxes, registers as an employer and gets local licenses.
Source: GO-Biz, Permit and Regulatory Assistance page (opens in a new tab) · as of November 4, 2026
No state limit on foreign land ownership was found: noncitizens hold citizens' property rights, and no 2025 or 2026 act on foreign, alien, adversary or farmland ownership became law.
Source: California Senate Judiciary Committee, SB 224 analysis, April 2023 (opens in a new tab) · as of November 4, 2026
The Foreign-Trade Zones Board's 2024 annual report lists 17 foreign-trade zones in California.
Source: Foreign-Trade Zones Board, 2024 annual report, Appendix D (opens in a new tab) · as of 2024
Investment rules across the United States: see Invest in the United States
3. Steps to set up
The main steps, in order, each with the body responsible and its official page.
Setting up in California
- Qualify your out-of-state or foreign company with the Secretary of State on bizfileOnline, attaching a certificate of good standing from its home jurisdiction.California Secretary of StateOfficial page (opens in a new tab)
Source: California Secretary of State, business entities FAQ (opens in a new tab) · as of November 4, 2026
- Pay the Franchise Tax Board's US$800 minimum franchise tax each year from your second year, or the tax on net income where it is higher.Franchise Tax BoardThe minimum franchise tax is US$800 a year; it is not due in the first year for a newly incorporated or qualified corporation.Official page (opens in a new tab)
Source: FTB, C corporations page (opens in a new tab) · as of November 4, 2026
- Register with the Department of Tax and Fee Administration for a seller's permit if you sell taxable goods in California.California Department of Tax and Fee AdministrationOfficial page (opens in a new tab)
Source: CDTFA, tax guide for new permit holders (opens in a new tab) · as of November 4, 2026
- Enroll in the Employment Development Department's e-Services for Business and register for an employer payroll tax account.Employment Development DepartmentOfficial page (opens in a new tab)
Source: EDD, register for a payroll tax account (opens in a new tab) · as of November 4, 2026
Show 2 more set-up steps
- Use CalGold to find the state, regional and local permits your business type needs.Governor's Office of Business and Economic DevelopmentOfficial page (opens in a new tab)
Source: GO-Biz, CalGold permit assistance tool (opens in a new tab) · as of November 4, 2026
- Ask GO-Biz about the California Competes Tax Credit and other incentives before you commit to a site.Governor's Office of Business and Economic DevelopmentOfficial page (opens in a new tab)
Source: GO-Biz, California Competes Tax Credit page, 2026 (opens in a new tab) · as of November 4, 2026
Steps that apply across the United States: see Invest in the United States
4. Organizations that help investors
Start with GO-Biz. Each card links to the organization’s own site.
Each card says what it can help with:Get adviceFind financeMeet requirementsResearch markets
Investment and business setup
- Get advice
State economic development organization
GO-Biz
Governor's Office of Business and Economic Development
Offers site selection, incentive and permit assistance to expanding companies, and administers the California Competes Tax Credit.
Visit GO-Biz (opens in a new tab)Source: GO-Biz, California Competes Tax Credit page, 2026 (opens in a new tab) · as of November 4, 2026
State business filings office
California Secretary of State
Files business entities, including the qualification of out-of-state and foreign companies that transact business in California, through bizfileOnline.
Customs and tax
- Meet requirements
State income tax authority
FTB
Franchise Tax Board
Administers the corporation franchise and income tax, including the minimum franchise tax and the net operating loss rules.
Visit FTB (opens in a new tab)Source: FTB, Form 100-ES instructions, tax year 2026 (opens in a new tab) · as of November 4, 2026
- Meet requirements
State sales tax authority
CDTFA
California Department of Tax and Fee Administration
Administers the sales and use tax and issues seller's permits, and publishes the district tax rates for each city and county.
Visit CDTFA (opens in a new tab)Source: CDTFA, sales and use tax rate information, October 2026 (opens in a new tab) · as of November 4, 2026
Show 1 more organization
- Meet requirements
Public port authority
Port of Oakland
Runs the Seaport and the Oakland airport, and publishes news on cargo facilities, projects and sustainability.
Visit Port of Oakland (opens in a new tab)Source: Port of Oakland, home page and news, November 2026 (opens in a new tab) · as of November 4, 2026
Chambers and industry associations
- Get advice
Export mentoring council
DECSC
District Export Council of Southern California
Offers free export advice from business leaders to companies in Orange, Los Angeles, Ventura and Santa Barbara counties.
Visit DECSC (opens in a new tab)Source: District Export Council of Southern California, home page, 2026 (opens in a new tab) · as of November 4, 2026
- Get advice
State manufacturers association
CMTA
California Manufacturers & Technology Association
Advocates for California manufacturers on state policy and offers its members employee training programs.
Show 1 more organization
- Get advice
State chamber of commerce
CalChamber
California Chamber of Commerce
Represents California employers on state policy and runs a Council for International Trade and a portal on trading partners.
Visit CalChamber (opens in a new tab)Source: California Chamber of Commerce, advocacy home page, 2026 (opens in a new tab) · as of November 4, 2026
5. Worth knowing
Economic outlook
The Department of Finance's May 2026 forecast projects 4.1 percent growth in California personal income for 2026, its slowest forecast year, citing energy prices and delayed tariff effects.
What to do: Build possible input and freight cost increases into prices and contracts for 2026 and 2027.
Source: Department of Finance, May Revision 2026-27 economic outlook (opens in a new tab) · as of November 4, 2026
Loss deductions
California suspended the net operating loss deduction for taxable years 2024 through 2026, except for corporations with California-taxed income below US$1 million.
What to do: Confirm with the Franchise Tax Board how the suspension affects your project's loss carryovers.
Source: FTB, net operating loss page (opens in a new tab) · as of November 4, 2026
Climate disclosure
Senate Bill 253 covers companies with over US$1 billion in annual revenue that do business in California; the Air Resources Board set November 10, 2026 for first emissions reports.
What to do: Check the Air Resources Board's guidance on whether your company is a reporting entity.
Sources: California Air Resources Board, SB 253 reporting guidance, September 2026 (opens in a new tab); California Air Resources Board, SB 253 workshop slides, March 2026 (opens in a new tab) · as of November 4, 2026
Franchise tax
California taxes corporations at 8.84 percent and banks and financial corporations at 10.84 percent of net income; every corporation owes the US$800 minimum franchise tax after its first year.
What to do: Confirm your tax classification and filing dates with the Franchise Tax Board.
Sources: FTB, Form 100-ES instructions, tax year 2026 (opens in a new tab); FTB, C corporations page (opens in a new tab) · as of November 4, 2026
Across the United States: see Worth knowing in Invest in the United States
6. How Promote:Global helps
- Compare the United States with other countriesSet the United States beside other countries on investment momentum, fundamentals and trade access, before site, tax and legal work.
- Find advisors and service firmsAsk an advisory firm a scoped, paid question, or browse firms that list their own services, from legal work to logistics.
- Organize your next stepsKeep each product and market in a project, with a roadmap of steps you work through.
Turn this guide into your California project.
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Promote:California is an independent guide by Promote:Global, not an official government portal. The organizations named here are independent public and membership bodies, not Promote:Global partners, and every link goes to their own site.
Facts read from public sources, with an editorial cut-off of November 4, 2026. Nothing here is investment, legal, tax or sanctions advice. Check current status with the organization before you rely on it.