Dmitri Mihhailov
General Partner
Leads Prifinance's corporate practice and oversees client engagements, with senior expertise in international company structuring and bank-account setup.
Register a company in San Marino, the 1,700-year-old startup.
Set up a Sammarinese SRL remotely - inside the world's oldest republic, an enclave in the heart of Italy that runs on euros at a 17% flat corporate rate, cut in half for new businesses. With an EU association agreement on the horizon, Europe's smallest serious jurisdiction is turning into its most interesting.A Sammarinese SRL set up remotely by power of attorney: the world's oldest republic, euros at a 17% flat rate (8.5% for new firms), no VAT, and an EU association agreement on the horizon.
27 yrs
on the international marketon the market
60+
in-house specialistsspecialists
6,000+
companies servedcompanies served
Updated
San Marino · at a glance
Legal formSRL · Limited Liability Company
Time to set up2-3 weeks
Corporate tax17% · new firms 8.5%
CurrencyEuro
VATNone - import duty instead
Remote setupYes - by power of attorney
4.7
★★★★★
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San Marino in brief
A sovereign island inside Italy.
San Marino has been independent since the year 301 - the world's oldest republic, sixty square kilometres of sovereignty on a mountain surrounded entirely by Italy. It mints its own euros under agreement with the EU, moves goods through a customs union with the Union, and runs company law of its own: an SRL with real paid-in capital, an operating licence for every business, and a registry that treats each file personally.
The numbers are the draw: a 17% flat corporate rate - among the lowest general rates in Europe - halved to 8.5% for new operating businesses in their first years, with a dedicated high-tech regime cutting deeper for qualifying startups. There is no VAT; a single-stage import duty stands in its place. And the horizon matters: San Marino has concluded negotiations on an EU association agreement that will open single-market access while leaving its tax sovereignty intact - early movers position themselves now, at Italian quality of life and a fraction of Italian tax.
San Marino has been sovereign since 301 - sixty square kilometres inside Italy, minting its own euros with a customs union into the EU. An SRL carries real capital (€25,500) and an operating licence; the registry treats every file personally.
The draw: 17% flat - Europe's friendliest general rate - halved for new businesses, no VAT, a high-tech regime for startups, and negotiated EU association opening single-market access ahead.
Packages & pricing
San Marino company registration - cost & packages.
01 - SRL · LIMITED LIABILITY COMPANY
Company
from€3,900EUR · all-in
Remote incorporation of a Sammarinese SRL by power of attorney - notarial deed, registry filing, operating-licence application and the first year of the registered office included.
✓Company name check & reservation✓Notarial deed & registry filing✓Operating licence application✓Registered office - first year✓Corporate documents with apostille✓Free pre-incorporation consultation
Optional add-ons: high-tech startup regime application - scoped individually · residency guidance - from €1,500 · annual renewal - from €2,200/year.Add-ons: high-tech regime scoped individually · residency from €1,500 · renewal from €2,200/year.
Start with Company →02 - SRL · LIMITED LIABILITY COMPANY
Most popularCompany + Bank Account
from€5,900EUR · all-in
A working Sammarinese SRL with a bank account - the company's capital account with a local bank plus operating EUR IBAN, cards and online banking.
✓Everything in Company✓Account with a Sammarinese bank - EUR, capital deposit included✓EMI alternative for international flows✓Account application & KYC file preparation✓Compliance onboarding support✓Dedicated account manager
Start with Banking →Starting figures, confirmed up front. Notarial fees, the operating licence and the registered office are itemised; the SRL's €25,500 capital is your money, deposited in the company's account.Starting figures, confirmed up front. Notary, licence and office itemised; capital stays yours.
What you can do
Popular uses for a San Marino company.
Sammarinese law welcomes foreign founders, and an SRL may pursue almost any lawful business once licensed. The tax regimes reward operating companies; finance and insurance license with the central bank.An SRL may pursue almost any lawful business once licensed; the regimes reward operating companies.
Italy-facing trade
Selling into the peninsula from inside its geography. With a customs union smoothing the border.
E-commerce & digital
Online business run on euros at 17%. 8.5% while the company is young.
High-tech startups
A dedicated regime with deeper reliefs for qualifying innovative companies.
Manufacturing & crafts
Small-batch production with European quality and Sammarinese costs.
Holding & investment
Participations held at Europe's lowest general rate, in the eurozone's currency.
Relocation vehicle
The company that anchors economic residency in the safest microstate in Europe.
Italy-facing trade
Inside the peninsula's geography.
E-commerce & digital
Euros at 17%. 8.5% while young.
High-tech startups
Deeper reliefs for innovators.
Manufacturing & crafts
European quality, mountain costs.
Holding & investment
Europe's lowest general rate.
Relocation vehicle
Anchors economic residency.
Why San Marino
Key advantages of the jurisdiction.
✓
17% flat - 8.5% new
Among Europe's lowest general corporate rates, halved for new operating businesses in their first years.Europe's friendliest general rate, halved to start.
✓
Euros without the EU rulebook
Official euro issuance and a customs union with the Union. While keeping tax sovereignty.Official issuance, customs union, tax sovereignty.
✓
No VAT
A single-stage import duty replaces VAT entirely. No registrations, returns or reclaim admin.Import duty instead - zero admin.
✓
The EU association horizon
Negotiated association will open single-market access. Early movers position before the crowd.Single-market access, negotiated.
✓
Italian life, Sammarinese tax
Rimini is twenty minutes away; the tax bill stays on the mountain.Rimini in twenty minutes.
✓
A registry that knows you
Thirty-four thousand citizens, personal processing, and institutions older than every state around them.Personal processing, ancient institutions.
How it compares
San Marino next to the usual shortlist.
Italy surrounds it at higher tax; Andorra undercuts on rate at Pyrenean distance; Malta wins on paper via refunds. San Marino sells euro-sovereignty inside Italy. Figures current as of 2026.Italy surrounds at 24%+; Andorra undercuts at Pyrenean distance; Malta wins via refunds. Figures as of 2026.
| Country | Corporate tax | Signature edge | Fully remote incorporation |
|---|---|---|---|
| San Marino | 17% · new firms 8.5% | Enclave in Italy · EU association ahead | Yes - by POA, 2-3 weeks |
| Italy | 24% + IRAP | The market itself | Yes - full tax |
| Andorra | 10% | Pyrenean microstate | Partly - presence expected |
| Malta | 35% · ~5% effective | EU member · refund admin | Yes |
| Cyprus | 12.5% | EU member · non-dom | Yes - 1-2 weeks |
San MarinoEnclave ✓
Corporate tax17% · new 8.5%
EdgeEU association ahead
ItalyThe market
Corporate tax24% + IRAP
Edgescale itself
AndorraPyrenees
Corporate tax10%
Edgelower headline
MaltaEU
Corporate tax~5% effective
Edgerefund system
CyprusEU
Corporate tax12.5%
Edgenon-dom
Requirements
What Sammarinese law actually demands.
01
Shareholders - One or more shareholders, individuals or companies of any nationality; 100% foreign ownership is allowed.
02
Director - At least one director; EU/EEA residence eases licensing, and we provide local directorship where useful.
03
Share capital - €25,500 minimum for an SRL, paid into the company's account. Real capital, recoverable as working funds.
04
Operating licence - Every business holds a licence for its activity. Applied for at incorporation and renewed annually.
05
Registered office - A registered office in San Marino is mandatory. We provide it as part of the package.
06
Accounts & filings - Annual financial statements and tax returns are filed; small companies file without audit.
How it works
From application to a live company in weeks.
Our lawyers and a Sammarinese notary run the file by power of attorney; licence approval sets the pace.Signed by power of attorney; the notary works in days, licence approval sets the 2-3-week pace.
01Same day
Free consultation
We confirm that San Marino fits your case. Including the new-business rate. And fix the full cost.
021-2 days
KYC & documents
Passports, proof of address and a business plan sketch; we draft the deed and licence file.
033-5 days
Notarial deed
The notary executes the incorporation deed under your power of attorney.
042-4 days
Capital deposit
The €25,500 capital is deposited in the company's account with a local bank.
051-2 weeks
Licence & registry
The operating licence is approved and the company entered in the registry.
061-2 weeks
Banking & tax setup
Operating accounts, tax registration and - where relevant. The high-tech regime application.
Quick facts
Legal formSRL
Min. share capital€25,500 - paid in
Corporate tax17% · new 8.5%
VATNone
Standard timeline2-3 weeks
Operating licenceRequired - we file it
CurrencyEuro
The licence is the pacing step - we prepare the file to pass first time, and the capital returns to the company as working funds.
On the ground
On the ground in San Marino.
Prifinance - San Marino
Città di San Marino
Città di San Marino, San Marino
01
Microstate specialists
Your setup is run by a team that files Sammarinese and Andorran structures with local notaries.
02
Office & licence included
A registered office and the operating-licence file keep the SRL compliant while you operate remotely.
03
Residency experience
Economic-residency applications run alongside the company for founders relocating to the mountain.
04
Also in Tallinn, London, Dubai & more
A network of offices across Europe, the Gulf and the Americas. One team for your whole international structure.
We also have offices in
Tallinn
Estonia
Roseni 13
Hong Kong
Hong Kong
5/F, Yau Lee Centre, 45 Hoi Yuen Road, Kwun Tong
Vilnius
Lithuania
Gedimino pr. 2
London
United Kingdom
7 Bell Yard
Prague
Czech Republic
Vlkova 532/8, Žižkov
Berlin
Germany
Rankestraße 26
Madeira
Portugal
Rua da Alegria 31, 1F
Budapest
Hungary
Korányi Sándor u. 4
Istanbul
Türkiye
Perpa Ticaret Merkezi, A Blok
Dubai
UAE
33 Level, Al Saqr Business Tower
Toronto
Canada
1110 Finch Avenue West, suite 406
Singapore
Singapore
3 Church Street, #29-68 Samsung Hub
Bangkok
Thailand
Unit P01, Penthouse, VASU1, 1 Sukhumvit 25 Alley
Foshan
China
A-Tower, Yuneng Digital Plaza, 46 Lishui Avenue South
Almaty
Kazakhstan
Republic Square 13
Bishkek
Kyrgyzstan
32 Razzakov Street
Taxation 2026
Seventeen flat, and half that to start.
San Marino taxes company profits at a flat 17% - among the lowest general rates in Europe - with new operating businesses paying 8.5% in their early years and qualifying high-tech startups less still. There is no VAT: a single-stage import duty covers goods entering the republic, and export services never meet it.17% flat, 8.5% for new firms, high-tech regime deeper, no VAT at all. Dividends carry 5%.
Corporate tax - 17%
A flat general rate with ordinary deductions, undercutting every large economy around it.Flat, with ordinary deductions.
New businesses - 8.5%
A 50% reduction for newly licensed operating companies in their first years. The standard welcome.The standard welcome, first years.
High-tech regime
Qualifying innovative startups access deeper reliefs on profits and founder taxation under the ecosystem law.Deeper reliefs for qualifying startups.
No VAT
The import duty replaces VAT. No registrations, no quarterly returns, no reclaim paperwork.Import duty instead - zero admin.
Levies in 2026
Corporate income tax17%
New operating companies8.5%
VATNone - import duty instead
Dividend withholding5%
Capital gainsWithin corporate tax
Licence renewalFrom ~€500/year
Annual statements and returns are filed with the tax office - our accountants run the calendar for you.
Your team
The specialists who'll handle your case.
Eugeniu Bevziuc
Corporate services advisor
Advises clients on company formation, VAT and ongoing compliance, coordinating each step of the setup across the EU.
Alex Danila
Company formation specialist
Your day-to-day contact - coordinates incorporation, documents and the bank introduction, from the first call through to launch.
Follow Prifinance
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Watch: opening a company in San Marino with Prifinance
Europe's oldest republic at Europe's friendliest general rate - full support for your Sammarinese SRL, start to finish.
Talk to a specialist →FAQ
San Marino, considered.
Can I open a company without visiting San Marino?+
Yes. Incorporation runs by power of attorney through our local counsel and notary - deed, licence and registry filings included. A visit helps for banking but is not required; documents are couriered to you.
How much does it cost to set up a Sammarinese company?+
Turnkey incorporation starts from €3,900 including the notarial deed, licence application and the first year of the registered office. With banking arranged, packages start from €5,900. The €25,500 capital is your money and returns to the company as working funds.
How long does incorporation take?+
Two to three weeks end to end - the notarial deed takes days, and the operating-licence approval sets the pace. We prepare licence files to pass first time.
What tax will the company pay?+
A flat 17% on profits - halved to 8.5% for new operating businesses in their first years, with the high-tech regime cutting deeper for qualifying startups. Dividends carry a modest 5% withholding. Where the owners live keeps its own tax rules; we flag them in the consultation.
Is San Marino in the EU?+
No - it is a sovereign microstate that mints euros under agreement with the EU and shares a customs union through Italy. An association agreement opening single-market access has been negotiated and awaits ratification - a horizon worth positioning for.
Why is there no VAT?+
San Marino never adopted VAT: a single-stage import duty applies to goods entering the republic instead. Export services and digital sales abroad never meet it - a real simplification for service businesses.
What is the operating licence?+
Every Sammarinese business holds a licence matched to its activity - a screening step that keeps the registry personal and the jurisdiction clean. We prepare and file it as part of incorporation, and renew it annually.
Can I get residency through the company?+
Yes - economic-residency routes exist for founders running real Sammarinese businesses, leading to long-term status in Europe's safest microstate. We run the company and residency tracks together.
How is banking?+
Local banks are small, conservative and personal - the capital account opens as part of incorporation, and operating flows can pair with EU EMIs for volume. Italian banking is twenty minutes away for private needs.
San Marino or Andorra?+
Andorra's 10% beats the headline; San Marino counters with euro issuance, Italian geography and the EU-association horizon. Founders tied to the Italian market or Adriatic lifestyle choose the mountain; Pyrenean loyalists choose Andorra.
Client notes
Google4.7★★★★★
Founders who wanted it done right.
Google4.7★★★★★
“As a software development crew at FewMoreTaps OÜ, we've had the pleasure of working with Prifinance on some key financial moves.First of all, navigating the world of corporate banking and finance can be a maze, but Prifinance made it feel like a walk in the park. They helped us set up a corporate bank account without the hassle of jumping on a plane or drowning in paperwork. Everything was done remotely, smoothly…”
Google
“I had their assistance in company registration and I would recommend them. They were answering all my clarification during the process and offering all their supportThank you Daniel and Irinia”
Google
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Google
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Google
“Opening an account with Prifinance in a Swiss bank was such an easy and quick process that I was shocked. It all started with the first call, where I received detailed guidance on the required documents and the entire procedure.One of the key highlights was their attention to detail. As someone who usually gets tangled up in paperwork, I was pleasantly surprised when they sent me all the documents and…”
Google
“I recently had the pleasure of working with Boris.. and I must say, it was a fantastic experience. Boris went above and beyond to assist me with my residency needs. His professionalism, knowledge, and dedication truly stood out. I highly recommend working with Boris and the team!”
Google
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Tell us about the business, and a specialist replies within one business day with a recommendation (new-business rate and residency options included), a timeline and a fixed quote.A San Marino specialist replies within one business day with a recommendation, a timeline and a fixed quote.
✓No obligation; the first consultation is free✓A clear recommendation, not a sales pitch✓Transparent fixed fees, confirmed up front✓EN · RU speaking team