Residency & Immigration – San Marino

Residency through business investment requires: (1) €150,000 secured bank deposit in San Marino bank, PLUS (2) establish or acquire majority stake in local company, AND (3) meet investment and employment criteria. Must show genuine business activity.

Can obtain residency through employment with San Marino company. Employer must prove cannot find local candidate. Work permit required. Approximately 8,000 cross-border workers commute daily from Italy - most don't need residency.

Family members of residents can apply for dependent residency. Includes spouse, children under 18 (or 25 if students), dependent parents. Must prove relationship and financial support. Residency tied to primary applicant's status.

San Marino citizenship requires 30 years continuous residence. One of longest requirements globally. Must renounce original nationality (no dual citizenship with most countries). No formal citizenship by investment program. Citizenship extremely rare for foreigners.

Permanent residency possible after initial temporary residence period. Requirements: continuous legal residence, stable income, no criminal record, integration into community (language, culture). Still must renew periodically but fewer restrictions than temporary permits.

Administrators and employees of businesses can apply for permanent and temporary residency with benefits: social security contribution subsidies, exemptions for new businesses, access to universal healthcare, pension accrual, unemployment protection. Incentivizes talent attraction.

Company registration typically completed within weeks. Low bureaucracy environment. Faster than many European jurisdictions. Two main structures: S.r.l. (LLC, €25,500 minimum capital) and S.p.A. (joint stock, €77,000 minimum capital). Streamlined procedures.

Must register with: (1) San Marino Chamber of Commerce, (2) Social Security Institute (ISS), (3) Tax Office (Ufficio Tributario). Legal requirement to create local entity before hiring directly. Can take months to complete but necessary for operations.

Cryptocurrency licenses available to European standards. Comprehensive regulation (Delegated Decree 138/2024). Mining operations supported. Crypto-friendly banking relationships maintained. Government actively promotes fintech and blockchain innovation.