San Marino Company Formation & Entity Choice

Entity types, capital and incorporation

• SRL (limited liability company) — Società a responsabilità limitata — quota capital; can have a sole member (San Marino Company Law (https://lawstrust.com/en/company-formation-preferential-taxation/san-marino))
• SPA (joint-stock company) — Società per azioni — share capital; can have a sole member (San Marino Company Law (https://lawstrust.com/en/company-formation-preferential-taxation/san-marino))
• SRL minimum capital — EUR 25,500 EUR (San Marino Company Law (https://lawstrust.com/en/company-formation-preferential-taxation/san-marino))
• SRL capital payment timing — Half paid within 60 days of registration, balance within 3 years; if sole member, full amount within 60 days (San Marino Company Law (https://lawstrust.com/en/company-formation-preferential-taxation/san-marino))
• SPA minimum capital — EUR 77,000 EUR (San Marino Company Law (https://lawstrust.com/en/company-formation-preferential-taxation/san-marino))
• SPA capital deposit — Full share capital deposited into a corporate bank account prior to incorporation (San Marino Company Law (https://lawstrust.com/en/company-formation-preferential-taxation/san-marino))
• Sole proprietorship — Lavoro autonomo individuale / impresa individuale — available for individuals carrying on business or a profession (San Marino Company / Economic Activity Law (https://www.deel.com/blog/sole-proprietorship-san-marino/))
• Director residence requirement — Generally at least one director must be resident in San Marino ((confirm current rule with local counsel)) (San Marino Company Law (https://www.healyconsultants.com/san-marino-company-registration/setup-llc/))
• Incorporation procedure — Articles of incorporation drafted and executed by notary, registered with the tax registration office, then entered in the companies register at the Office for Economic Activities; an economic-activity licence is required to operate (San Marino Company Law (https://lawstrust.com/en/company-formation-preferential-taxation/san-marino))
• Minimum members / directors — One shareholder and one director sufficient for both SRL and SPA (San Marino Company Law (https://lawstrust.com/en/company-formation-preferential-taxation/san-marino))
• Core annual compliance — Keep statutory accounting records, file annual financial statements, file the annual IGR return, and operate ISS/payroll obligations (San Marino Company Law and Law no. 166 of 16 December 2013 (IGR) (https://www.camcom.sm/en/doing-business-in-san-marino-2/favourable-taxation/))