Where heritage meets innovation
Set up your fintech, cryptoasset or innovative project in the Republic of San Marino
Nestled in the picturesque hills of Italy's Emilia Romagna lies the
Republic of San Marino
the world's oldest independent republic
A State with a deep-rooted democracy and a rich merchant
banking tradition, San Marino now looks towards new horizons in
welcoming fintech, cryptoasset and
innovation - minded businesses
into the region.
Set up an on-off ramp and/or
non-custodial wallet
provider.
- Company Formation
- Tax-Reduced Status
- Local Bank Account
- Residency, benefits +
- Regulator Registration
- Merchant Account
Set up an innovative
technology or fintech
company.
- Company Formation
- Tax-Reduced Status
- Local Bank Account
- Innovation Incubator
- Residency, benefits +
Set up a self-governing
entity to issue security or
utility tokens under the
VASP framework.
- Company Formation
- Tax-Reduced Status
- Local Bank Account
- Residency, benefits +
- Regulator Registration
- Merchant Account
Set up a General
Trading or Holding
company.
- Company Formation
- 8.5%-17% Corporate Tax
- HoldCo Tax Benefits
- Local Bank Account
Set up a fully-licensed crypto
exchange/platform
/custodian.
- Company Formation
- Tax-Reduced Status
- Local Bank Account
- Innovation Incubator
- Full Crypto License
- Merchant Account
- Residency, benefits +
minimum usable share
capital
average company
formation time
innovation
time-limited tax
notary, consulting, legal
fees included
From ICC++2% for crypto on / off ramp
Full Merchant Account Set up
Bespoke Personalized Connectivity
Acquiring Bank, Principal Member of:
Only Physical “Brick and Mortal” Banks
Crypto-Friendly Multicurrency Banking
Bespoke Personalized Connectivity
Banking as a Service Platform with vIBAN issuance
Utility Token as a Service Building Platform
White-Lable Payment & Mobile Wallet for Fintechs
White-Lable Card Program with Custom Front-End API’s
EURO used as national currency in a central European location
Non-EU jurisdiction with a trade and customs union with the EU
From 0% corporate income tax
MiCa-compliant crypto regulatory framework
Strong & stable banking system, own national bank
No tax on foreign dividend income
17% general corporate tax rate (non-reduced)
Wide network of double taxation treaties
0-8% corporate income tax for fintech, digital asset and innovative companies
8.5% reduced corporate tax rate for general trading companies for 6 years
Innovation & High Tech Decree
Blockchain
Decree
VASP
Decree
Tokenisation
Decree
Payments, Banking & Fintech Legislation
If you are a law or accountancy firm, corporate service provider, or a private client advisor, discover our partnership & introducer program to allow your clients to reap all the benefits of setting up in San Marino on exclusive terms.
Learn more about doing business San Marino through our expert insights.
Taxation in San Marino
Standard Corporate Tax Rate in San Marino Corporate tax rate applicable to sole proprietorships and self-employed (as an alternative to the progressive income bracket taxation) and to companies is equal to 17%. New businesses are entitled to a tax exemption equal to 50% of the ordinary taxation for the first 5 years of operation, which […]
San Marino Legislation & Regulations
San Marino Innovation & High-Tech Decree San Marino Innovation is the local regulator and registrar for Innovation and Blockchain entities. Core Delegated Decree that regulates San Marino Innovation is the Provisions on High-technology Enterprises Decree. This Decree outlines special tax, administrative and legislative benefits for companies, defined as “High-Technology Enterprises”, from start-up phases through various […]
About San Marino
San Marino is The World’s Oldest Independent Republic San Marino is an independent country located on the Italian Peninsula. An advanced economy, the region has a longstanding trade, banking & financial services tradition, with most incumbent banks well over 100 years old, and a robust democracy which lies at the heart of the nation. San […]
San Marino Setup (SMSetup) is a private consortium of local and international legal, financial and policy advocacy professionals committed to promoting the Republic’s crypto, innovation and blockchain initiatives attracting new and established projects into the region.
Interested in learning more about San Marino Setup? Please fill-in our contact form below.