Washington State promotes itself as a pro-business location that encourages sustainable growth, job creation, and entrepreneurship. The area has a vibrant economy that relies on high-value industries such as biotechnology, IT, aerospace, software development, and medical research. In terms of economic growth, the Seattle-Tacoma metropolitan area has been expanding at faster rates than the national average. Job creation is particularly high in industry sectors traditionally associated with the real estate market, such as the business services sector. These factors have had a direct impact on the commercial real estate market of the region. Currently, to have a business registered in any of the top cities of the state, be it the capital Olympia, or other hubs like Seattle, Bellevue, Kirkland, Spokane, Tacoma, etc. means to set it in one of the wealthiest parts of the USA. To do this, tenants don’t necessarily need to rent a traditional workspace. Virtual office rental in Washington can also cover the tenants’ requirements for a legal business address. Washington will not want to tax entrepreneurs on the incomes they make in the other states. Only locally-based revenues are taken into account. So, if your entrepreneurial activities are limited in the region, it is a super affordable location from the tax perspectives.
