Although it is not possible to estimate the exact costs of starting and maintaining a San Marino-based business as they vary widely depending on the changes in the shareholding structure, the company’s type of setup, the number of transactions and employees. In this page we aim to provide the average cost of starting a new business that does not have to satisfy specific requirements in terms of company’s setup and of administration.
During a consultancy meeting, our experts will analyse any additional cost not directly related to the Company.
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Minimal
- LLC with one sole shareholder/director
- About 50 registrations each year
- Payroll not included
around € 9,900
for the first year of activity
around € 6,500
for the following years
Company establishment and startup
€ 4,000 included in the package
- Constitution by means of a public notarial deed in San Marino
- Assistance with the certification of the documents
- Assistance with the Economic Operator Identification
- Practice for obtaining Environmental Code (€ 250)
- Assistance to activate digital domicile (tNotice)
- Assistance with obtaining the business license
- Assistance with the possible e-commerce license
- Statutory and accounting books
- Stamp duties and registration fees
- Initial assistance and first consultancy meeting
- Assistance with the location of the legal/operational headquarters
- Assistance with opening a San Marino bank account
- Assistance with the installation of a business landline, fax, ADSL, mobile
(all for a total of max 10 working hours)
Accounts and financial reporting
€ 2,500 / per year included in the package
- Invoice processing and economic performance
- Financial reporting
- Tax return
- 2-hour consultancy (over a year)
Legal / operating headquarters
€ 3.200 – 3,500 / per year included in the package
- Rental of a office with minimum space requirements
- The amount indicated is only indicative and it will be confirmed by the real estate agency based on the office space available for rent.
- € 250 / per year not included in the package (optional)
- The maildrop.sm service cannot act as registered office.
Other expenses
Not included in the package
- License issue tax € 1,700 (1st year), € 1,000 (from 2nd year)
if the company doesn’t benefit of bonuses
- Lease contract registration about € 100
- Cadastral documents and extracts about € 60-80
- Shareholders’ meeting to approve the financial statement for the current fiscal year € 500 from year 2
Contact us now!
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Standard
- LLC with max 4 shareholders and a sole director
- About 300 registrations every year
- Payroll not included
around € 11,400
for the first year of activity
around € 8,000
for the following years
Company establishment and startup
€ 4,500 included in the package
- Constitution by means of a public notarial deed in San Marino
- Assistance with the certification of the documents
- Assistance with the Economic Operator Identification
- Practice for obtaining Environmental Code (€ 250)
- Assistance to activate digital domicile (tNotice)
- Assistance with obtaining the business license
- Assistance with the possible e-commerce license
- Statutory and accounting books
- Stamp duties and registration fees
- Initial assistance and first consultancy meeting
- Assistance with the location of the legal/operational headquarters
- Assistance with opening a San Marino bank account
- Assistance with the installation of a business landline, fax, ADSL, mobile
(all for a total of max 10 working hours)
Accounts and financial reporting
€ 3,500 / per year included in the package
- Invoice processing and economic performance
- Financial reporting
- Tax return
- 5/6-hour consultancy (over a year)
Legal / operating headquarters
€ 3.200 – 3,500 / per year included in the package
- Rental of a office with minimum space requirements
- The amount indicated is only indicative and it will be confirmed by the real estate agency based on
- € 250 / per year not included in the package (optional)
- The maildrop.sm service cannot act as registered office.
Other expenses
Included in the package
- License issue tax € 1,700 (1st year), € 1,000 (from 2nd year)
if the company doesn’t benefit of bonuses
- Lease contract registration about € 100
- Cadastral documents and extracts about € 60-80
- Shareholders’ meeting to approve the financial statement for the current fiscal year € 500 from year 2
Contact us now!
Optional services
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Company formation by power of attorney (the client does not personally intervene in the conduct of the affairs of the Company)
€ 500 / on a lump sum basis
Drafting of general power of attorney
€ 100 / per hour
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Assistance before and after the company formation
In case the client wishes to establish or verify determinate functions, assistance or consultancy.
€ 100 / per hour
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Additional due diligence measures
for foreign shareholders or directors or shareholders who are legal entities.
(at the discretion of the Notary who drafts the deed)
€ 100 / per hour
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Clearance permit procedures
required if the client’s business is included in the regulated activities (not liberalised).
(the outcome cannot be guaranteed)
based on a quotation
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Forming a Board of Directors.
for companies that are required to have a Board of Directors.
€ 200 / on a lump-sum basis
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Assistance to foreign employees
translation of power of attorney and certificates and assistance in English.
€ 100 / per hour
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Certified documents
provided with Apostille according to Hague Convention of 5 October 1961.
€ 250 / on a lump sum basis
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General assistance
assistance on site without covering specific legal and/or commercial functions/tasks.
€ 400 / per day
Most of the delivered services will be invoiced by the relevant qualified experts provided by our company.
San Marino Management Srl does not deliver any legal and/or accounting service; it performs only activities of promotion, assistance and coordination in the sector of training and development of San Marino enterprises through conventions and agreements with qualified professionals.
