Updated as of December 01, 2025 Prerequisite All income, wherever produced, by resident subjects in cash or in kind, continuous or occasional, coming from any source, is subject to the general income tax. Non-resident subjects are taxable persons limited to income produced within the territory. Definitions The following terms are understood as: Tax: the general income tax. Taxpayer: the taxable person regarding tax obligations, that is, the subject who, facing a le…

Updated on December 01, 2025 New businesses operated as individuals or freelancers, whose owners have not engaged in any economic activity similar to that for which they are requesting access to the following benefits in the twelve months prior to submitting the application, are granted: exemption from the initial license fee; for the following three years of operation, exemption from the annual license fee; for the first five tax periods, a 50 percent…

Law No. 141/2025, introducing the new and long-awaited (and partly debated) IGR Reform, has been published in the Official Bulletin. The measure, approved on second reading by the Great and General Council, redesigns some fundamental components of the San Marino tax system and will have immediate effects on taxpayers, families, and businesses. Below is a summary of the main changes. From deduction to tax credit: the most significant change One of the key c…

Establishment of the “Made in San Marino” mark Goods produced by two or more countries or territories may be labeled with the “Made in San Marino” mark if the last substantial and economically justified transformation and processing, resulting in the manufacture of a new product or representing an important stage in the manufacturing process, took place in the territory of the State of San Marino and was carried out by a San Marino company equipped for this purp…

Discover how a family holding company in San Marino protects assets, simplifies governance, and facilitates generational transition in family businesses.

The Republic of San Marino is marking the twentieth anniversary of its first trust law with a high-level conference entitled: “The Civil Law Trust and the Decisions of the Court for Trusts and Fiduciary Relationships. Reflections on the San Marino Experience Twenty Years After the First Law on the Subject.” The event is promoted by the State Secretariat for Justice, Welfare and Family, in cooperation with the University of the Republic of San Mari…

Stable outlook and improved growth prospects thanks to fiscal consolidation and the EU Association Agreement S&P Global Ratings has raised San Marino’s sovereign rating from BBB-/A-3 to BBB+/A-2, while maintaining a stable outlook. This upgrade confirms the soundness of the country’s economic policies and the credibility of its financial reform path. The announcement was made by the State Secretariat for Finance on August 1st and follows similar positive…

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…