Miami: The New World City for International Entrepreneurs
Miami is no longer just the backdrop of sunny beaches and art deco boulevards. Over the past years, the city has rapidly developed into one of the most dynamic business centers in the United States—if not the world. With an explosively growing financial sector, enormous investments in infrastructure, and unparalleled international connectivity, Miami is the place where European entrepreneurs can start and grow their American venture. That’s why Van Holland Group USA’s American office is located right in the heart of Miami Brickell.
Starting a Business in Miami
From Crisis to Comeback
Miami has reinvented itself over the past decade. What was once a city mainly focused on tourism and real estate is now a magnet for tech companies, startups, and international investors. The city’s resilience after the financial crisis, combined with a favorable business climate, has attracted a new wave of entrepreneurs from all over the world.
More Than Just Tourism
Miami is still known for its beaches, nightlife, and tourism, but the city is also a hub for logistics, international trade, healthcare, and innovation. Its port and airport are among the busiest in the US, making Miami a crucial link between North and South America.
Manufacturing and Innovation:
Miami as a Maker City
Miami is increasingly positioning itself as a city of innovation and production. From tech startups to advanced manufacturing, the city is investing heavily in attracting new industries. There are ample opportunities for European entrepreneurs looking to scale or collaborate with innovative partners.
Ambitions in Aerospace
Miami is also making a name for itself in the aerospace industry, with several companies and research centers setting up in the region. This creates new opportunities for high-tech entrepreneurs and suppliers from Europe.
Financial Sector: Explosive Growth
Miami’s financial sector is booming. The city is now known as the “Wall Street of the South,” with a rapidly growing number of banks, investment funds, and fintech companies. This offers international entrepreneurs access to capital, expertise, and a strong financial infrastructure.
Miami is the hub for doing business when you want to enter the American market.
Benefits of Doing Business in Florida
Foreign Companies and Investments
Florida, and especially Miami, actively welcomes foreign companies and investors. There are numerous programs and incentives to make the transition as smooth as possible. The local government and business community are open to international partnerships and innovation.
Diversity as a Strength
Miami is one of the most diverse cities in the US, with a multicultural population and a business community that speaks many languages. This creates a unique ecosystem where international entrepreneurs quickly feel at home.
Labor Market and Education
The Miami region offers a highly educated and multilingual workforce. The presence of international universities and research institutes ensures a constant supply of talent in various sectors.
Practical Steps for European Entrepreneurs
Infrastructure: Everything Revolves Around Connectivity
Miami’s infrastructure is world-class. The airport offers direct flights to Europe and Latin America, and the port is one of the largest for container transport. This makes Miami an ideal base for international trade and logistics.
Costs and Incentives
Florida is known as one of the most business-friendly states in the U.S. Taxes are low, regulations are flexible, and manufacturing labor costs can be up to 35% lower than in California. At both the state and local levels, there are numerous grants, tax incentives, and support programs for companies looking to establish or expand operations. For example, there are grants of up to $2.5 million for businesses that create jobs, as well as tax credits for sustainable investments.
Note: The cost of living in Miami has risen significantly, especially for housing and insurance. The minimum wage is higher than the national average, but rising prices mean careful planning is essential when setting up operations.
Aviation as a Focal Point
Miami has a rich aviation history and is now one of the busiest airports in the U.S., with direct connections to four continents. The airport serves as a logistics hub for flowers, fruit, seafood, and high-tech goods. Miami is also a hotspot for the aviation industry, with leading companies in maintenance, repair, parts manufacturing, and pilot training.
Practical Tips for European Entrepreneurs
- Miami offers tremendous opportunities, but success requires solid preparation. Here are a few recommendations from our experience:
- Do thorough market research: The market is international, but it has strong local dynamics.
- Choose the right location: Brickell is the financial hub, but other neighborhoods offer unique opportunities depending on your sector.
- Leverage local networks: There are countless business communities, industry associations, and international chambers.
- Get your back office in order: Think accounting, legal structure, banking, and insurance—this prevents surprises.
- Be prepared for hurricanes and insurance issues: Risk management is essential.
- Invest in culture and language: Spanish, alongside English, is a must in the region.
Why Van Holland Group USA?
Van Holland Group USA helps entrepreneurs from A to Z: from initial market research, partner search, and company formation to setting up a complete sales and marketing organization. With offices in Miami, Houston, New York, and a HUB network in all 50 states, we are the No. 1 USA Specialist.
How to Start a Business in Miami
Miami is a city that understands what it takes to do business. Entrepreneurs are welcomed and supported with all the help needed to build and grow a business. It is easy to find well-educated, multilingual staff. Not for nothing is it called the “capital of Latin America.” It is also the second-largest city in the US (after El Paso, Texas) with a Spanish-speaking majority, and the largest city with a Cuban-American majority.
FAQ – Frequently Asked Questions About Starting a Business in Miami
1. What are the main advantages of starting a business in Miami?
Miami offers a strategic location for international trade, a favorable tax climate, access to a large network of entrepreneurs, and a diverse, talented labor market.
2. How long does it take to set up a company in Florida?
On average, it takes 1 to 2 weeks to set up an LLC or INC, provided all documents are in order. Opening a bank account and arranging permits may take additional time.
3. Do I need a US address for my company?
Yes, for most company registrations and banking matters, a local address in Florida is required. Van Holland Group USA offers flex office solutions in Miami and other cities.
4. Can I start a business in Miami as a non-American?
Yes, foreign entrepreneurs can set up a business in Florida without any problems. However, there are specific rules for visas and taxes to take into account.
5. Which sectors have the most potential in Miami?
Miami is strong in tech, logistics, international trade, real estate, tourism, and healthcare. There’s also significant growth potential for innovative startups.
6. What support does Van Holland Group USA offer for starting in Miami?
Van Holland Group USA helps with market analysis, company formation, legal and tax guidance, office space, banking, and finding local partners.
