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Invest in Florida
A short guide for companies expanding into Florida: the economy at a glance, the rules and steps to set up, and who can help, each with its source.
1. Florida at a glance
Population
23.5 million
The population was 23,462,518 as of July 1, 2025.
Source: Census Bureau, state population estimates, July 1, 2025 (opens in a new tab) · as of 2025
GDP
US$1.81 trillion
GDP was US$1,805,620.2 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$76,958
GDP per person was US$76,957.6 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
2.8%
Real GDP growth was 2.8 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, Florida’s limits on foreign ownership, the zones and other rules for investors, as the guide found them.
SelectUSA names SelectFlorida as the state economic development organization for Florida.
Source: SelectUSA, state economic development organizations list (opens in a new tab) · as of November 3, 2026
Part III of Chapter 692, Florida Statutes, in force since July 1, 2023 and last amended in 2026, restricts real property held by foreign principals tied to seven countries.
Source: Florida Legislature, Florida Statutes chapter 692, 2026 (opens in a new tab) · as of 2026
The Foreign-Trade Zones Board's 2024 annual report lists 19 foreign-trade zones in Florida.
Source: Foreign-Trade Zones Board, annual report 2024, Appendix D (opens in a new tab) · as of 2024
Since July 1, 2023, foreign principals may not own, control or acquire Florida agricultural land or any interest in it beyond a de minimis indirect one.
Source: Florida Legislature, Florida Statutes chapter 692, 2026 (opens in a new tab) · as of 2026
Show 7 more
Foreign principals that held agricultural land before July 1, 2023 had to register it with the Department of Agriculture and Consumer Services by January 1, 2024.
Source: Florida Legislature, Florida Statutes chapter 692, 2026 (opens in a new tab) · as of 2026
Florida's law names seven foreign countries of concern: China, Russia, Iran, North Korea, Cuba, Venezuela's Maduro regime and Syria, with their agencies and controlled entities.
Source: Florida Legislature, Florida Statutes chapter 692, 2026 (opens in a new tab) · as of 2026
People domiciled in China without United States citizenship or permanent residence may not acquire Florida real property beyond one home of up to two acres. Check the visa, asylum and five-mile conditions in section 692.204 before you buy.
Source: Florida Legislature, Florida Statutes chapter 692, 2026 (opens in a new tab) · as of 2026
Every buyer of Florida real property must sign an affidavit, under penalty of perjury, that the purchase does not breach the China restriction.
Source: Florida Legislature, Florida Statutes chapter 692, 2026 (opens in a new tab) · as of 2026
Foreign principals holding property within ten miles of a military installation or critical infrastructure facility must register it with the Department of Commerce.
Source: Florida Legislature, Florida Statutes chapter 692, 2026 (opens in a new tab) · as of 2026
Florida's critical infrastructure list for the land law includes seaports, spaceport territory and airports, as well as refineries, power plants and water plants that are fenced or guarded.
Source: Florida Legislature, Florida Statutes chapter 692, 2026 (opens in a new tab) · as of 2026
On November 4, 2025, the Eleventh Circuit affirmed the denial of an injunction against the registration and affidavit rules and found no plaintiff had standing against the purchase restriction.
Source: Eleventh Circuit, Shen v. Commissioner opinion, November 4, 2025 (opens in a new tab) · as of November 4, 2025
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 Florida
- Check whether your business must register with the Department of Revenue to collect or report tax, using the department's new business start-up kit.Florida Department of RevenueOfficial page (opens in a new tab)
Source: Florida Revenue, new business start-up kit (opens in a new tab) · as of November 3, 2026
- If the business is a corporation, budget for Florida's corporate income and franchise tax, which applies to corporations that conduct business, earn income or exist in the state.Florida Department of RevenueOfficial page (opens in a new tab)
Source: Florida Revenue, new business start-up kit (opens in a new tab) · as of November 3, 2026
- If the business will have employees, register for reemployment tax and file the quarterly employer report with the Department of Revenue.Florida Department of RevenueOfficial page (opens in a new tab)
Source: Florida Revenue, reemployment tax page (opens in a new tab) · as of November 3, 2026
- Report each new or rehired employee to the state's New Hire Reporting Center within 20 days of the start date.Florida Department of Revenue20 days from the start dateOfficial page (opens in a new tab)
Source: Florida Revenue, new business start-up kit (opens in a new tab) · as of November 3, 2026
Show 3 more set-up steps
- Before you buy or lease land, check whether it is agricultural land or within ten miles of a military installation or critical infrastructure facility.Florida Department of Agriculture and Consumer ServicesOfficial page (opens in a new tab)
Source: Florida Legislature, Florida Statutes chapter 692, 2026 (opens in a new tab) · as of 2026
- Ask the county economic development partnership, such as the Miami-Dade Beacon Council, about sites, market research and incentives before you commit to a location.Miami-Dade Beacon CouncilOfficial page (opens in a new tab)
Source: Miami-Dade Beacon Council, 2025 results release, January 2026 (opens in a new tab) · as of January 29, 2026
- If you move goods in and out, ask the zone grantee or port about a foreign-trade zone; the Foreign-Trade Zones Board lists 19 in Florida.Foreign-Trade Zones BoardOfficial page (opens in a new tab)
Source: Foreign-Trade Zones Board, annual report 2024, Appendix D (opens in a new tab) · as of November 2, 2026
Steps that apply across the United States: see Invest in the United States
4. Organizations that help investors
Start with Florida Revenue. 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
County economic development partnership
Beacon Council
Miami-Dade Beacon Council
Helps companies expand or relocate to Greater Miami with market research, site selection, permitting and incentive information.
Visit Beacon Council (opens in a new tab)Source: Miami-Dade Beacon Council, 2025 results release, January 2026 (opens in a new tab) · as of January 29, 2026
State aerospace finance authority
Space Florida
Provides financing, facilities and international research partnerships for aerospace companies, with the Israel Innovation Authority and the United Kingdom Space Agency.
Visit Space Florida (opens in a new tab)Source: Space Florida, release, September 2026 (opens in a new tab) · as of September 29, 2026
Customs and tax
- Meet requirements
State tax authority
Florida Revenue
Florida Department of Revenue
Registers employers, collects reemployment tax, assigns rates and audits employers, and publishes a start-up kit covering sales tax and corporate income tax.
Visit Florida Revenue (opens in a new tab)Source: Florida Revenue, reemployment tax page (opens in a new tab) · as of November 3, 2026
- Meet requirements
Seaport authority
JAXPORT
Jacksonville Port Authority
Runs Jacksonville's container, auto and breakbulk cargo terminals and lists Foreign Trade Zone No. 64 among its cargo services.
Visit JAXPORT (opens in a new tab)Source: JAXPORT, home page, October 2026 (opens in a new tab) · as of November 3, 2026
Show 1 more organization
- Meet requirements
Seaport authority
Port Canaveral
Canaveral Port Authority
Operates Port Canaveral's cargo facilities and lists Foreign Trade Zone #136 among its cargo services.
Visit Port Canaveral (opens in a new tab)Source: Port Canaveral, latest news, 2026 (opens in a new tab) · as of November 3, 2026
Chambers and industry associations
- Get advice
Export advisory council
SFDEC
South Florida District Export Council
Offers free export mentoring, a free online export course of 20 webinars and an exporter's resource database.
Visit SFDEC (opens in a new tab)Source: South Florida District Export Council, home page (opens in a new tab) · as of November 3, 2026
- Get advice
Regional chamber of commerce
Greater Miami Chamber
Greater Miami Chamber of Commerce
Issues certificates of free sale, good manufacturing practice and origin online, and founded Foreign Trade Zone #32.
Visit Greater Miami Chamber (opens in a new tab)Source: Greater Miami Chamber, online export documents (opens in a new tab) · as of November 3, 2026
Show 1 more organization
- Get advice
Statewide business association
AIF
Associated Industries of Florida
Represents Florida businesses before the state's three branches of government and publishes legislative updates and session priorities.
Visit AIF (opens in a new tab)Source: Associated Industries of Florida, home page, 2026 (opens in a new tab) · as of November 3, 2026
5. Worth knowing
Reserved sectors
Since July 1, 2023, Florida law restricts farmland and property near military or critical infrastructure sites for foreign principals of seven countries, and most real property for Chinese buyers.
What to do: Check whether your parcel is farmland or within ten miles of a military or critical infrastructure site before you sign.
Sources: Florida Legislature, Florida Statutes chapter 692, 2026 (opens in a new tab); Florida Agriculture, foreign principal registration page (opens in a new tab) · as of November 3, 2026
Reemployment tax
Florida's reemployment tax rate for most employers is the lowest possible 0.1 percent in 2026, applied to the first US$7,000 of each employee's wages.
What to do: Confirm your own rate with the Department of Revenue before you budget payroll costs.
Sources: Florida Revenue, press releases page, 2025 and 2026 (opens in a new tab); Florida Revenue, reemployment tax page (opens in a new tab) · as of November 3, 2026
Land law court ruling
As of November 4, 2025, the Eleventh Circuit's opinion left the registration and affidavit rules in place and found no plaintiff had standing against the purchase restriction.
What to do: Read the opinion and ask a Florida lawyer how it applies to your purchase.
Source: Eleventh Circuit, Shen v. Commissioner opinion, November 4, 2025 (opens in a new tab) · as of November 4, 2025
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 Florida project.
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Promote:Florida 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.