“Authority”: the Civil Aviation and Maritime Navigation Authority; “Register”: the Naval Register of the Republic of San Marino; “Pleasure Craft”: vessels used for recreational navigation, even when used for commercial purposes as the subject of rental or leasing contracts. This definition includes: “Pleasure Craft”: rowing vessels and vessels with a hull length of less than 10 metres; “Pleasure Boat”: vessel with a hull length of between 10 and 24 metres; “…

Prerequisite All income, wherever produced, by resident subjects in cash or in kind, continuous or occasional, from any source, is subject to the general income tax. Non-resident subjects are taxable persons limited to income produced in the territory. Definitions The following shall be understood as: Tax: the general income tax. Taxpayer: the taxable person of the obligations tax, or, the subject who, faced with a fact or a legal act revealing his/her abili…

San Marino confirms itself as a competitive context for businesses thanks to a lower labor costs than the European average. This feature represents a key advantage in attracting investors, as highlighted in the Economic and Statistical Report attached to the Budget Law 2025. However, the picture varies between the public and private sectors, with significant differences even within the private sector itself. Main Competitive Advantages Lower incidence of socia…

Incentives for the establishment of new companies in the maritime sector To new business activities carried out through joint-stock companies, operating exclusively in the sector referred to in Law 2 August 2019 n. 120 and subsequent amendments and whose members have not exercised, in the twelve months preceding the submission of the request, an economic activity similar to that for which access to the benefits is requested, are recognized: exemption from pa…

Five athletes in competition after the historic result of Tokyo The Republic of San Marino is preparing to participate in the Paris 2024 Olympics with a delegation of five athletes. After the successes achieved in Tokyo, where the small Republic won its first silver and two bronzes, the goal of repeating these results seems ambitious, but not impossible. In particular, prominent athletes such as Alessandra Perilli, winner of silver in team trap and bronze in the…

July 27, 2024 – The 130 workers of Alluminio Sammarinese can finally breathe a sigh of relief: the company was saved from closure thanks to the acquisition by Giovanni Gemmani, manager and vice president of the Scm group. business continuity has been guaranteed, thus ensuring the safeguarding of jobs. The Role of the Liquidator Among the protagonists of the rescue there is the lawyer Simone Menghini, liquidator of the company. “Behind every worker there are life pr…

New business activities carried out in an individual or freelance professional form, whose owners have not exercised, in the twelve months prior to the submission of the application, an economic activity comparable to that for which they request access to the following benefits, are recognised: exemption from the payment of the first license fee; for the following three years of activity, exemption from the payment of the annual license fee; for th…

July 8, 2024 – The XXXI Legislature of the Republic of San Marino has officially started with the swearing-in of the elected Councillors. The council session was opened by the Report of the Permanent Board of Elections, read by the Regent Captains. The report confirmed the regularity of the elections, validating the distributions of the seats and the rankings of the candidates, without any appeal in the terms provided for by law. Speech of the Captains Regent The C…

26 April 2024 – The European Commission has presented to the Council of the European Union a proposal on the signing and provisional application of the Association Agreement between the EU and the respective States of Andorra and San Marino. This initiative marks a key step towards the ratification of the agreement and represents significant progress in relations between the EU and neighbouring countries. Objective of the Agreement The association agreement will al…