News: Registration of Company in San Marino

Registration of the legal entity in San Marino

Independent State of San Marino situated on the Italian Peninsula on the northeastern side of the Apennine Mountains. San Marino is an enclaved microstate surrounded by Italy. This is one of the smallest Countries with size over 60 km2. The climate is Mediterranean with continental influences, having warm summers and cool winters

Population of San Marino is 32 500 of people. Main part of them are from San Marino (approximately 75%), 10 % Italians and other nationalities 15%.

Citizens of San Marino enjoy one of the highest life expectancies in the world.

Official language - Italian.

There is now written Constitution in San Marino. San Marino has the political framework of a parliamentary representative democratic republic.

San Marino and Italy has special relations, they based on various bilateral treaties between that countries.

In 1992 San Marino become member of the United Nations Organisation. In 2000 San Marino joined to World Bank. According to agreement with EU any export or import activities with EU member states are Tax free. From 2001 in San Marino official currency is EUR. Capital of Republic is San Marino.

Economic of San Marino closely connected to economic of Italy. In order to prevent some issues in the economy of San Marino, the government is actively pursuing reforms in the tax system and in the banking sector. Created new laws that allow to disclose banking and tax information. The main purpose of such actions is to improve reputation of San Marino abroad. Also, considerable attention is paid to the government registration of foreign companies in San Marino.

The main economical sectors of San-Marino:

- Industry;
- Finance;
- Trade (food and non-food);
- Insurance;
- Tourism;
- Agriculture;
- Crafts;
- E-commerce.

Another positive factor to register Company in San Marino is financial stability of that Country.

Reasons why you should register company in San Marino?

- It is possible to register or buy an offshore company;
- Doing business in European jurisdiction.

Types of Business in San Marino

Main Types of foreign Companies in San Marino:

- Limited company (SP, SPA)

- International business company.

Registration of Limited Company in San Marino. Main Aspects

- Minimal registered capital - 25500 EUR (SP);

- Minimal registered capital - 77000 (S.P.A.);

- Half of registered capital should be paid during 60 days after registration, and the second half during 3 years.

- If Company has only one member (shareholder), registered capital should be paid during 60 days.

Registration of international business company in San Marino

-Registered capital 2 550 000 EUR should be paid during 60 days from date of registration;

- Minimal shareholders number - 1;

- Minimal Directors number - 1;

- Nominal service is available.

Bookkeeping in San Marino

There is no mandatory requirements for the accounting and preparation of annual reports.

Taxes in San Marino

Income tax is 17%.

Offshore companies in San Marino didn’t pay any taxes.

New businessmen are welcome in San Marino. In other terms, if San Marino is interested in your activities you may receive governmental grant for opening a Business in San Marino.

Price include preparation of annual reports of Company.

We will register Company (offshore) for you in San Marino in short terms. It is very simple to buy offshore Company in San Marino. Register offshore company in San Marino - one of the easiest and cheapest ways to start a legitimate international business.Registration of offshore Companies is our main direction of work.