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Invest in Washington
A short guide for companies expanding into Washington: the economy at a glance, the rules and steps to set up, and who can help, each with its source.
1. Washington at a glance
Population
8 million
The population was 8,001,020 as of July 1, 2025.
Source: Census Bureau, state population estimates, July 1, 2025 (opens in a new tab) · as of 2025
GDP
US$892.3 billion
GDP was US$892,254.8 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 person
US$111,518
GDP per person was US$111,517.6 in 2025, in current dollars, computed from the Bureau of Economic Analysis'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
3.2%
Real GDP grew 3.2 percent in 2025, the Bureau of Economic Analysis's published percent change, after 4.1 percent in 2024.
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, Washington’s limits on foreign ownership, the zones and other rules for investors, as the guide found them.
SelectUSA's Washington entry names the Washington State Department of Commerce as the state economic development organization.
Source: SelectUSA, state economic developers list (opens in a new tab) · as of November 4, 2026
The Department of Revenue's Business Licensing Service processes state endorsements from several agencies, including tax registration, industrial insurance and unemployment insurance, with one business license application.
Source: Revenue Department, state endorsements (opens in a new tab) · as of November 4, 2026
None published: chapter 64.16 RCW lets noncitizens hold land like citizens; no 2025 or 2026 act restricts foreign ownership (terms: foreign adversary, prohibited foreign party, agricultural land, AFIDA, alien).
Source: Revised Code of Washington chapter 64.16 (opens in a new tab) · as of November 4, 2026
The Foreign-Trade Zones Board's 2024 annual report lists 12 foreign-trade zones in Washington.
Source: Foreign-Trade Zones Board, 2024 annual report (opens in a new tab) · as of 2024
Show 1 more
Under RCW 64.16.005 any noncitizen may acquire and hold land, or an interest in it, on the same terms as a native citizen.
Source: Revised Code of Washington 64.16.005 (opens in a new tab) · as of November 4, 2026
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 Washington
- Register a foreign corporation with the Washington Secretary of State before it transacts business in the state.Washington Secretary of StateOfficial page (opens in a new tab)
Source: Revised Code of Washington 23B.15.010 (opens in a new tab) · as of November 4, 2026
- Apply for a state business license and a unified business identifier through the Department of Revenue's Business Licensing Service, which also registers you for state taxes.Washington State Department of RevenueOfficial page (opens in a new tab)
Source: Revenue Department, apply for a business license (opens in a new tab) · as of November 4, 2026
- Add the industrial insurance endorsement to the business license application before you hire, because workers' compensation runs through the state.Washington State Department of Labor & IndustriesOfficial page (opens in a new tab)
Source: Revenue Department, industrial insurance endorsement (opens in a new tab) · as of November 4, 2026
- Register as an employer with the Employment Security Department and obtain an employment security account number before you pay wages.Washington Employment Security DepartmentOfficial page (opens in a new tab)
Source: Revised Code of Washington 50.12.070 (opens in a new tab) · as of November 4, 2026
Show 2 more set-up steps
- Report and pay the business and occupation tax on the excise tax return in the My DOR system, under the classification that matches each activity.Washington State Department of RevenueOfficial page (opens in a new tab)
Source: Revenue Department, business and occupation tax (opens in a new tab) · as of November 4, 2026
- Check the Department of Revenue's tax incentive programs against your project, and ask the Department of Commerce for incentive analysis.Washington State Department of RevenueOfficial page (opens in a new tab)
Source: Revenue Department, tax incentives page (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 Commerce Department and Revenue Department. 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 trade and development agency
Commerce Department
Washington State Department of Commerce
Gives Washington companies export consulting, market research, trade mission support and STEP export vouchers, and helps investors with site selection and incentive analysis.
Visit Commerce Department (opens in a new tab)Source: Commerce, presentation to House committee, December 5, 2025 (opens in a new tab) · as of December 5, 2025
Customs and tax
- Meet requirements
State tax agency
Revenue Department
Washington State Department of Revenue
Issues business licenses and unified business identifiers, and administers the business and occupation tax, sales tax and tax incentives.
Visit Revenue Department (opens in a new tab)Source: Revenue Department, apply for a business license (opens in a new tab) · as of November 4, 2026
- Meet requirements
Joint seaport authority
NWSA
The Northwest Seaport Alliance
Manages the Seattle and Tacoma container, breakbulk and auto terminals under a port development authority and publishes monthly cargo statistics.
Visit NWSA (opens in a new tab)Source: NWSA, home page (opens in a new tab) · as of November 4, 2026
Show 1 more organization
Port district
Port of Everett
Operates a seaport, a marina and Foreign-Trade Zone 85 in Everett.
Visit Port of Everett (opens in a new tab)Source: Port of Everett, home page (opens in a new tab) · as of November 4, 2026
Chambers and industry associations
Wine marketing commission
Wine Commission
Washington State Wine Commission
Runs an international marketing program for Washington wine, with trade tastings and exporter guides.
Visit Wine Commission (opens in a new tab)Source: Wine Commission, international program page (opens in a new tab) · as of November 4, 2026
- Get advice
Regional farm trade association
WUSATA
Western United States Agricultural Trade Association
Regional body
Gives western food and farm companies matching funds for international marketing, export readiness help and market reports.
Visit WUSATA (opens in a new tab)Source: WUSATA, export resources home page (opens in a new tab) · as of November 4, 2026
5. Worth knowing
Reserved sectors
Washington's code lets noncitizens hold land like citizens, and House Bill 1999 and Senate Bill 5078 on foreign farmland ownership stayed in committee through the 2026 session.
What to do: Ask counsel to check any land purchase against federal reporting and screening rules, and watch the 2027 session.
Sources: Revised Code of Washington 64.16.005 (opens in a new tab); Washington Legislature, House Bill 1999 history (opens in a new tab) · as of November 4, 2026
Business tax changes
House Bill 2081 adds a 0.5 percent surcharge on income over US$250 million from 2026 to 2029, and raises main rates to 0.5 percent from January 1, 2027.
What to do: Confirm your classification and current rate with the Department of Revenue before you price Washington operations.
Source: Washington Legislature, ESHB 2081 as passed, 2025 (opens in a new tab) · as of November 4, 2026
Individual income tax from 2028
Senate Bill 6346 of 2026 creates a 9.9 percent income tax from January 1, 2028 on adjusted gross income over US$1 million, with first returns due in 2029.
What to do: Ask a tax advisor whether owners who live in Washington would fall above the threshold.
Source: Revenue Department, income tax page (Senate Bill 6346) (opens in a new tab) · as of November 4, 2026
Workers compensation through the state
The Department of Labor & Industries runs workers' compensation through a State Fund that covers about 75 percent of workers, with self-insured employers covering the rest.
What to do: Add the industrial insurance endorsement to your business license application before you hire.
Sources: Labor & Industries, workers' comp fundamentals (opens in a new tab); Revenue Department, industrial insurance endorsement (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
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- Organize your next stepsKeep each product and market in a project, with a roadmap of steps you work through.
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Promote:Washington 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.