The Permanent Council Commission for Foreign Affairs, Emigration and Immigration, upon proposal of the State Congress and after the mandatory opinion of the Gendarmerie, has the power to grant registered residence or ordinary residence permit in favor of foreigners who have distinguished themselves for internationally recognized merits in the field of science, art and culture or sport. The subjects referred to in the previous paragraph must independently be in p…

Introduction Fintech (financial technologies) represent the integration between finance and technology, revolutionizing banking, insurance and financial services. The adoption of digital solutions allows startups and traditional institutions to offer more accessible, fast and low-cost services. Fintech Classification Fintechs are divided into different operating segments, including: Payment services: include the execution of transactions via bank trans…

The growth of the digital economy and financial technologies is a strategic lever for the economic development of San Marino. The recent conference titled “Fintech in Micro States”, held at the Prestige Lounge of the San Marino Outlet Experience, provided a key opportunity to explore the role of technological innovation in small countries. The event, organized by ABS, ANIS, and the Law Firm of Attorney Matteo Mularoni, was attended by top government officials in…

Payment Instruments and Services Direct debits: a payment service for debiting a payer’s payment account where a payment transaction is initiated by the payee based on the consent given by the payer to the payee, the payee’s payment service provider, or the payer’s own payment service provider. Credit transfer: a payment service for crediting the payee’s payment account by means of a payment transaction or a series of payment transactions from the payer’s pa…

The Republic of San Marino has taken a strategic step forward in the field of intellectual property by signing a multi-year cooperation agreement with the European Patent Organisation (EPO) in Munich. This agreement — aligned with the Strategic Plan 2028 — aims to strengthen the national patent system while supporting an innovation ecosystem that meets European and international standards. For the business environment in San Marino, this represents a s…

More information follows for DLT operators issuing, offering, or seeking admission to trading of tokens, or providing token services. Minimum content: Part A: General information about the operator Issuer name; Registered office; Identifier of the legal entity; Group of companies, if the issuer is part of it; Identity,  address  and  functions  of  persons  belonging  to  the body   of &nb…

The rules on Blockchain Technology for Businesses introduce transparent, clear and simple regulation, providing specific disciplines for the different applications of Distributed Ledger Technology. Advantages and benefits Transparency: anti-money laundering measures for maximum protection of the system. Concreteness: a solid and unalterable legal framework. Operators can move fluidly and in the presence of clear rules. Regulatory certainty: a regulated…

“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…