Salta al contenuto
San Marino Città · 15°C
IT EN
Republic of San Marino
San Marino.
Practical info · Business and taxation

Start a
business

Starting an activity in the Republic of San Marino means entering an orderly fiscal perimeter, with incentives for new companies in the first years of life and administrative oversight concentrated in a few offices. Since 2015 San Marino has been included in the Italian White Lists.

Licence tax
0 × 3 yrs
Reduced rate
6 yrs
White List
2015

Source: Secretariat of State for Industry · Industry, Crafts and Commerce Office

View of the industrial and office area of the Republic of San Marino
Business · Territory
A border market
§ I — The main incentives

Advantages for those starting up

Newly established companies access a package of measures that lightens the tax burden of the first years of activity. The licence tax is not paid for three years. The tax on profits has a reduced rate in the first six years compared to the ordinary regime. The single-stage tax (Monofase) applies only to imports of goods.

To these measures are added incentives dedicated to research, development and technological innovation, in addition to preferential channels for young people and women. Public calls and specific incentives are communicated by the Secretariat of State for Industry and published on the Official Gazette.

«The short distance between business and institutions is one of the operational advantages of running a company in San Marino. All paperwork passes through the same administrative perimeter.»
§ II — White List and international context

Since 2015 in a cooperative area

Since 2015 the Republic of San Marino has been included in the Italian fiscal White List and in the anti-money laundering White List. The entry is the result of a multi-year process of alignment with OECD standards on transparency and exchange of information, and has simplified commercial dealings with counterparties resident in Italy and in member countries.

Regulation of the financial system is entrusted to the Central Bank of the Republic. Law 166/2013 reformed the General Income Tax, introducing the fiscal regime currently in force.

§ III — Reference offices and associations

Where to inquire and register

Offices and trade associations of reference for those opening a business in San Marino.
Body Role Contact
Industry, Crafts and Commerce Office Authorisations, licences, business administrative procedures Via XXVIII Luglio 196, Borgo Maggiore · 0549 882950
Chamber of Commerce Business register, arbitration, training Strada di Paderna 2, Fiorina · 0549 980380
OSLA Sammarinese organisation of entrepreneurs Via Napoleone Bonaparte 75, San Marino · 0549 992885
ANIS National Association of Sammarinese Industry Via Gino Giacomini 39 · 0549 873911
USOT Sammarinese Union of Tourism Operators Via Piana 109 · 0549 992930
USC Sammarinese Union of Traders Via Piana 111 · 0549 992892
Collegio Ragionieri e Commercialisti Professional order of accountants Via Gino Giacomini 86/A · 0549 990653
Order of Lawyers and Notaries Legal professional order Via Gino Giacomini 154 · 0549 991333

Outline of the main interlocutors. For specific obligations, refer to the institutional websites and the professional orders.

§ IV — Further reading

Economy and finance

Practical info

Economy and tax system

GDP breakdown, principles of Law 166/2013 and rates of the General Income Tax.
Practical info

Banking and finance

Sammarinese banking system, Cassa di Risparmio and supervision by the Central Bank.
Practical info

Residence and residence permit

Types of permit and requirements for foreign nationals working in the Republic.
FAQ · Useful answers

Frequently asked questions

What are the main incentives for a new company in San Marino?
Exemption from the licence tax for the first three years, reduced rate on profits for new businesses in the first six years, incentives for research and development, and dedicated measures for young people and women starting an activity.
Has San Marino been off the grey lists since 2015?
Yes. Since 2015 the Republic has been included in the Italian fiscal White List and in the anti-money laundering White List, with consequent simplifications in dealings with counterparties resident in Italy and in OECD countries.
Who should be contacted to open a business?
The Industry, Crafts and Commerce Office (industria.sm) for procedures, the Chamber of Commerce (cc.sm) for registration in the business register, and the trade associations such as ANIS, OSLA, USC and USOT for operational support.
Is a resident partner required to open a Sammarinese company?
The specific conditions depend on the legal form chosen and on current regulations. Before initiating a procedure, it is advisable to consult a qualified accountant or the Chamber of Commerce.
Where can the updated tax legislation be found?
On the Official Gazette of the Republic (bollettinoufficiale.sm) and on the website of the Secretariat of State for Finance and Budget (finanze.sm). The rates in force are those established by Law 166/2013 and subsequent amendments.