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Anyone, whether individual or corporate body, that wants to set up a business in the Republic of San Marino must be qualified with a special license issued by the Industry, Crafts and Trade Office with the exception of all farmers who sell their products on a seasonal basis on their farms and do not exercise sales activities relating to the products of others.
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There are some types of licenses that do not need particular requirements in terms of corporate capital, of holding structure or of the authorisations; whereas other activities are regulated or require that the majority of the share capital is held by individual resident in San Marino. Here Regulated Activities you can find all relevant details.
Multiple licenses on the same company
Business License fees
All the economic activities are subject to a license issuing and renewal tax according to the following chart. The registration fee, on the other hand, is a tax for the companies, to be paid on an annual basis also in case of license revocation.
Enterprises / Companies | Issue | Renewal | Registration Fees |
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Crafts, trade and industrial enterprises | € 170 | € 80 | – |
General partnerships, Single-member companies | € 1700 | € 650 | € 170 |
Limited liability companies | € 1700 | € 650 | € 350 |
Joint stock companies | € 1700 | € 650 | € 500 |
Insurance, Financial companies | € 2400 | € 2400 | € 500 |
Bank institutions | € 4000 | € 3500 | € 500 |
Associations and legal entities | € 170 | € 80 | – |