Promote:
Invest in Connecticut
A short guide for companies expanding into Connecticut: the economy at a glance, the rules and steps to set up, and who can help, each with its source.
1. Connecticut at a glance
PopulationEstimate
3.69 million
The population was 3,688,496 as of July 1, 2025.
Source: Census Bureau, state population estimates, July 1, 2025 (opens in a new tab) · as of 2025
GDP
US$382.6 billion
GDP was US$382,595.5 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 person
US$103,727
GDP per person was US$103,726.7 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
2.5%
Real GDP growth was 2.5 percent in 2025, BEA's published percent change.
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, Connecticut’s limits on foreign ownership and the zones, as the guide found them.
SelectUSA names AdvanceCT as the state economic development organization for Connecticut.
Source: SelectUSA, state economic development organizations (opens in a new tab) · as of November 3, 2026
Business.CT.gov handles Secretary of the State registration and links to separate tax, labor and licensing systems, so tax registration is a separate step with the Department of Revenue Services.
Source: Business.CT.gov, business taxes page (opens in a new tab) · as of November 3, 2026
No Connecticut law limiting foreign ownership of land was found: no bill the Governor signed in the 2025 or 2026 sessions concerns it, and a 2025 bill reached the House calendar without a vote. Check the current statutes.
Source: Governor of Connecticut, bill notifications, 2025 and 2026 (opens in a new tab) · as of November 3, 2026
The Foreign-Trade Zones Board's 2024 annual report lists 4 foreign-trade zones in Connecticut.
Source: Foreign-Trade Zones Board, annual report 2024, 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 Connecticut
- Register the company with the Secretary of the State through Business.CT.gov, using your business name, street address, email, NAICS code and a point of contact.Connecticut Secretary of the StateOfficial page (opens in a new tab)
Source: Business.CT.gov, register your business (opens in a new tab) · as of November 3, 2026
- Register for state taxes in myconneCT, such as the Corporation Business Tax, withholding and sales and use tax, as your activities require.Connecticut Department of Revenue ServicesUS$100 sales and use tax permit feeOfficial page (opens in a new tab)
Source: Department of Revenue Services, sales and use tax (opens in a new tab) · as of November 3, 2026
- Apply for an Employer Account Number and register for unemployment insurance tax in ReEmployCT if you will have employees.Connecticut Department of LaborOfficial page (opens in a new tab)
Source: Department of Labor, unemployment insurance tax (opens in a new tab) · as of November 3, 2026
- Check the licenses and permits your business type needs on eLicense, which covers general businesses, health care and insurance.Connecticut Department of Consumer Protection; Connecticut Insurance DepartmentOfficial page (opens in a new tab)
Source: Business.CT.gov, business licenses and permits (opens in a new tab) · as of November 3, 2026
Show 2 more set-up steps
- Report each new hire to the Department of Labor within 20 days of hiring.Connecticut Department of LaborWithin 20 days of hiringOfficial page (opens in a new tab)
Source: Business.CT.gov, employment services page (opens in a new tab) · as of November 3, 2026
- Contact AdvanceCT about sites, incentives and introductions for your project.AdvanceCTOfficial page (opens in a new tab)
Source: AdvanceCT, foreign investment in Connecticut (opens in a new tab) · as of November 3, 2026
Steps that apply across the United States: see Invest in the United States
4. Organizations that help investors
Start with AdvanceCT. 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
AdvanceCT
Gives foreign and out-of-state companies confidential help with sites, incentives, data and introductions when they consider locating in Connecticut.
Visit AdvanceCT (opens in a new tab)Source: AdvanceCT, foreign investment in Connecticut (opens in a new tab) · as of November 3, 2026
- Meet requirements
State business registration office
Secretary of the State
Connecticut Secretary of the State
Registers new businesses and takes annual reports and other business filings through the Business.CT.gov portal.
Visit Secretary of the State (opens in a new tab)Source: Business.CT.gov, register your business (opens in a new tab) · as of November 3, 2026
Show 1 more organization
- Find finance
State venture finance agency
Connecticut Innovations
Invests in early-stage Connecticut companies through funds such as its US$200 million Bioscience Innovation Fund.
Visit Connecticut Innovations (opens in a new tab)Source: Connecticut Innovations, home page (opens in a new tab) · as of November 3, 2026
Customs and tax
- Meet requirements
State tax authority
Department of Revenue Services
Connecticut Department of Revenue Services
Registers businesses for state taxes in its myconneCT system, where they also file returns and make payments.
Visit Department of Revenue Services (opens in a new tab)Source: Department of Revenue Services, home page (opens in a new tab) · as of November 3, 2026
- Meet requirements
State labor and unemployment agency
Department of Labor
Connecticut Department of Labor
Issues employer account numbers and collects unemployment insurance taxes in ReEmployCT from companies that hire in Connecticut.
Visit Department of Labor (opens in a new tab)Source: Department of Labor, unemployment insurance tax (opens in a new tab) · as of November 3, 2026
Show 1 more organization
- Meet requirements
State port authority
Port Authority
Connecticut Port Authority
Supports development of Connecticut's three deepwater ports and small harbors and describes the state's four foreign-trade zones and their grantees.
Visit Port Authority (opens in a new tab)Source: Connecticut Port Authority, foreign-trade zones page (opens in a new tab) · as of November 3, 2026
Chambers and industry associations
- Get advice
State business association
CBIA
Connecticut Business & Industry Association
Represents Connecticut employers on state policy and offers members human resources, safety and manufacturing coalition services.
Visit CBIA (opens in a new tab)Source: CBIA, home page (opens in a new tab) · as of November 3, 2026
- Get advice
State manufacturers' association
ManufactureCT
Connects Connecticut manufacturers through membership, a member directory and events.
Visit ManufactureCT (opens in a new tab)Source: ManufactureCT, home page (opens in a new tab) · as of November 3, 2026
5. Worth knowing
Corporation tax surtax
The Corporation Business Tax takes 7.5 percent of apportioned net income, and its 10 percent surtax now runs through income years beginning in 2028.
What to do: Ask the Department of Revenue Services whether the surtax applies to your combined group before you model costs.
Source: Department of Revenue Services, Corporation Business Tax (opens in a new tab) · as of November 3, 2026
Electricity
State bond funds keep public benefits costs lower on electric bills through at least April 30, 2027, and the Governor's office reports residential bills down 18 percent in 2026.
What to do: Ask your utility how your commercial rate class is billed before you model power costs.
Source: Governor of Connecticut, press release, September 8, 2026 (opens in a new tab) · as of November 3, 2026
Foreign land ownership bill
A bill limiting foreign ownership near military installations or of farmland reached the House calendar on March 27, 2025 without a vote; no act signed through 2026 covers it.
What to do: Check the current statutes before you buy farmland or property near a military installation.
Sources: General Assembly, House Bill 6735 status, 2025 session (opens in a new tab); Governor of Connecticut, bill notifications, 2025 and 2026 (opens in a new tab) · as of November 3, 2026
Hartford export zone
Financial service companies headquartered in the Hartford export zone that do all their business outside the United States are exempt from the Corporation Business Tax.
What to do: Ask the Department of Revenue Services how to claim the exemption before you choose a site.
Source: Department of Revenue Services, Corporation Business Tax (opens in a new tab) · as of November 3, 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 Connecticut project.
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Promote:Connecticut 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 3, 2026. Nothing here is investment, legal, tax or sanctions advice. Check current status with the organization before you rely on it.