Business Climate
With its dynamic business climate, multilingual workforce, low taxes and exceptional quality of life, Miami-Dade is a natural choice for start-ups, mid-market companies and Fortune 500 leaders in many industries.
“Miami-Dade offers unparalleled connectivity to U.S., hemispheric and global markets,” said Jaret Davis, co-managing shareholder for Greenburg Traurig’s Miami office and the Miami-Dade Beacon Council 2016-17 chair. “This connectivity brings exciting collisions of ideas that companies can leverage for a competitive business advantage. We are on the precipice of something remarkable, and we are already generating ideas that can change the world.” Innovation is flourishing throughout Miami-Dade as creative professionals, entrepreneurs and investors take advantage of the area’s solid business platform to launch collaborative new ventures. Meanwhile, leaders in the public and private sectors are committed to fostering growth in key sectors — aviation, banking and finance, creative design, life sciences and healthcare, technology, tourism, and trade and logistics — by highlighting Miami-Dade’s many competitive advantages.
Compared to other major metropolitan areas in the United States and throughout the world, Miami-Dade County offers businesses of all sizes and industries a very favorable tax structure. Companies enjoy relatively low sales and property taxes and there are no local personal or local corporate income taxes. On the state level, businesses and individuals pay no personal income taxes.
Florida has a comparatively low corporate income tax rate of 5.5 percent, with no inventory tax, no unitary tax and several sales tax exemptions.