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.

Crypto Basic

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
Tech Company

Set up an innovative
technology or fintech
company.
 

  • Company Formation
  • Tax-Reduced Status
  • Local Bank Account
  • Innovation Incubator
  • Residency, benefits +
Token Launch Vehicle

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
Standard Company

Set up a General
Trading or Holding
company.
 

  • Company Formation
  • 8.5%-17% Corporate Tax
  • HoldCo Tax Benefits
  • Local Bank Account
Full Crypto License

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 +
from €1

minimum usable share
capital

4 weeks

average company
formation time

from 0%

innovation
time-limited tax

All-Inclusive

notary, consulting, legal
fees included

Service
Standard Company
Tech Company
Crypto Basic
Full Crypto License
Service
Standard Company
Tech Company
Crypto Basic
Full Crypto License
Share Capital
€25,500
From €1-20,000
€25,500
tbd.
Taxation Rate
8.5-17%
0-8%
0-8%
tbd.
Unlocked share capital (can be used and expensed)
tbd.
Annual substance costs (address ex. accounting)
€3,800
€3,800
€6,700
tbd.
Formation time
4-5 weeks
4-5 weeks
6-8 weeks
2-3 months
Bank Account Opening
2 weeks
2 weeks
2-4 weeks
tbd.
Card Processing/Acquiring
AML Policy, legal opinion
Card Processing & Acquiring
From ICC++2% for crypto on / off ramp
Full Merchant Account Set up
Bespoke Personalized Connectivity

Acquiring Bank, Principal Member of:

Bank Account Facts & Figures
Only Physical “Brick and Mortal” Banks
Crypto-Friendly Multicurrency Banking
Bespoke Personalized Connectivity
Service
Basic Company
Tech Company
Crypto Basic
Full Crypto License
Service
Basic Company
Tech Company
Crypto Basic
Full Crypto License
Multicurrency banking
SWIFT
SEPA & Target 2
SWIFT Fees
fixed fees
fixed fees
from 0.07%
tbd.
SEPA Fees
fixed fees
fixed fees
from 0.05%
tbd.
Corporate Cards
Open Banking API’s
Merchant Account
Additional Fintech & Banking Service Available In-Ecosystem:
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

Learn More

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

Explore tax guidance

Innovation & High Tech Decree

Blockchain
Decree

VASP
Decree

Tokenisation
Decree

Payments, Banking & Fintech Legislation

Become an official Partner

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.

Latest Insights

Learn more about doing business San Marino through our expert insights.

See all posts
San Marino Setup

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.

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Get in touch

Interested in learning more about San Marino Setup? Please fill-in our contact form below.

Commercial Proposal Request

Interested in learning more about San Marino Setup? Please fill-in our contact form below.

Choose your area of interest: