1 & #8211; A dream destination
Miami is a destination that no longer presents. Who does not know its shining sun all year long on sandy beaches that stretch indefinitely at the feet of ultra-modern buildings and luxurious villas?
But Miami is more than just a cliché and a tropical holiday destination. The city offers a bubbling cultural life and an impressive diversity. Neighborhoods live under the same blue sky, but are not alike. There is something for everyone, for varied budgets, and varied lifestyles. If you want to know more about the neighborhood that best fits your project, it's here!
2 & #8211; Still affordable real estate prices
During the subprime crisis of 2008, Miami had been one of the cities in which prices had fallen the most. But it is also in Miami that the real estate is distributed more quickly. The reason for this craze? The appeal of investors around the world for this unique city on the international map, in the heart of the Americas, with considerable prospects, and a growing economy. Confidence has pushed up prices, but today it is estimated that the city has not said its last word, and that the prices it offers remain well below other global cities acclaimed internationally. So buying in Miami is enjoying a dynamic environment, but also rely on a promising development generator of capital gains in the medium-long term.
3 & #8211; An advantageous tax system
The state of Florida, and Miami Dade County do not levy income tax on its residents. They must pay the federal income tax (that of the United States). This removes 2 levels of taxes and thus alleviates the taxation of those with significant taxable income. Most other US states do not have this tax and residents are taxable at 3 levels (city - state - country).
This explains the attractiveness for Florida of entrepreneurs from New York and California for example.
In rental investment, under certain conditions, the rental income can be amortized during the period of ownership of the property through a depreciation mechanism.
In the event of a capital gain on the resale of real estate, the tax rate is around 15%, which remains much less important than in many European countries for example. Regarding the acquisition costs, they are reduced between 1.5 and 2.5 % of the purchase price.
Some countries, like France, have signed a tax treaty with the United States. This allows, under certain conditions, to avoid double taxation.
Florida and Miami offer a particularly interesting fiscal climate, but it is always essential to consult your accountant and tax specialist before acquiring a property, to check what applies to everyone's personal situation and to better structure your investments. from the beginning of the project. The heritage and estate aspect is, for example, another factor to be taken into account.
The Barnes office in Miami is there to direct you to professionals you can consult.
4 & #8211; A strategic geographical situation
For the last ten years, Miami has been speeding up the opening of airlines, making its airport an unmatched hub of the Americas, but also a gateway to the Americas for countries around the world. Recently, lines have been opened to the Middle East (Qatar), Tel Aviv, even Japan is planned in two years!
Just 30 minutes from Miami, Fort Lauderdale also has a growing international airport, including a choice of low cost companies including Europe (Norwegian airways has a direct line Miami-Paris).
Logically, this service to the two airports, makes Greater Miami a very suitable place as a starting point for the development of international business.
5 & #8211; A promising economic development
Miami's ability to attract entrepreneurs and investors from around the world and its unique position on the international scene today encourage the city and its economic actors to diversify the development axes.
Beyond tourism, a major historical winner of the business sectors, Dade County relies on diversity: import-export of course, financial center (the second of the United States after New York), but also aeronautical maintenance (Miami en has become a major center on the continent), life sciences, health and biotech, luxury and design sector, new technologies ... there is not a day without an announcement confirms the desire of Miami to win a new place in the sun of business.
Beyond its geographical position, one of the city's assets is a young population and a multi-cultural and multilingual environment sought after in a period when globalization is the key word of business. "Last but not least" in the essentials of sustained economic development, the legal and social climate is largely favorable to entrepreneurs.
The Mayor of Miami Dade's ambitions are clearly displayed: Miami is becoming, before the middle of this century, one of the 4 largest economic centers of the United States turned to international, joining NY, Los Angeles, Houston & #8230 ; and one of the major business centers of the world, like New York, London, Hong Kong or Singapore!