Doing Business with San Marino

A comprehensive guide to doing business, exporting, investing, and manufacturing in San Marino.

Foreign Direct Investment with the International Trade Council / Company Incorporation / Company Formation

Camera di Commercio di San Marino

Tel: +378 0549 980380
Email: info@camcom.sm
Website: camcom.sm

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Ufficio Tributario

Tel: +378 0549 88 5015
Email: info.tributario@pa.sm

Ministry of Economy Information from the International Trade Council - a Peak-body - international chamber of commerce

Segreteria di Stato Finanze

Tel: 378 0549 882661
Email: info.finanze@gov.sm
Website: finanze.sm

  • Type of Government: Parliamentary republic
  • Population: Approximately 34,000
  • GDP: Around $1.6 billion USD
  • Corporate Tax Rate: 17%
  • Personal Income Tax Rate: Progressive rates up to 35%
  • Major Exports: Machinery, ceramics, furniture, clothing
  • Major Imports: Raw materials, consumer goods, foodstuffs, transport equipment

Exporting goods to San Marino involves several key steps. Here’s a comprehensive guide:

  1. Research Market Requirements

    • Understand San Marino’s import regulations and product standards.
  2. Identify Your Product’s HS Code

    • Determine the Harmonized System (HS) code to understand tariffs and regulations.
  3. Prepare Documentation

    • Gather necessary export documents: commercial invoice, packing list, certificate of origin, and bill of lading.
  4. Check Tariff and Non-Tariff Barriers

    • Verify any tariffs and ensure compliance with non-tariff measures.
  5. Select a Reliable Freight Forwarder

    • Choose a logistics provider experienced in shipping to San Marino.
  6. Comply with Labeling and Packaging Regulations

    • Ensure your products meet local labeling and packaging standards.
  7. Arrange for Insurance

    • Secure insurance to cover potential shipping risks.
  8. Submit Customs Declaration

    • Work with your freight forwarder to submit the necessary customs declaration.
  9. Pay Applicable Duties and Taxes

    • Calculate and pay any required import duties and taxes.
  10. Track and Confirm Delivery

    • Monitor the shipment to ensure it reaches the destination safely.

Key Contacts

Importing goods into San Marino involves several key steps. Here’s a detailed guide:

  1. Research Import Regulations

    • Familiarize yourself with San Marino’s import laws and product-specific regulations.
  2. Obtain Necessary Licenses

    • Determine if your products require special import licenses or permits.
  3. Classify Your Goods

    • Identify the Harmonized System (HS) code for your products to understand tariffs and duties.
  4. Prepare Documentation

    • Gather required documents: commercial invoice, bill of lading, packing list, and certificate of origin.
  5. Choose a Customs Broker

    • Hire a licensed customs broker to assist with the import process.
  6. Comply with Labeling and Packaging Standards

    • Ensure products meet local labeling and packaging requirements.
  7. Submit Customs Declaration

    • File a customs declaration with the Customs Office of San Marino.
  8. Pay Duties and Taxes

    • Calculate and pay any applicable import duties and taxes.
  9. Arrange for Transportation and Delivery

    • Coordinate with a logistics provider to transport goods to their final destination.
  10. Track and Confirm Receipt

    • Monitor shipment progress and confirm delivery upon arrival.

Key Contacts

Incorporating a company in San Marino involves several key steps. Here’s a detailed guide:

  1. Choose a Business Structure
    • Decide on the type of company, such as a Limited Liability Company (LLC).
  2. Reserve a Company Name
    • Ensure the company name is unique and reserve it with the relevant authorities.
  3. Prepare Incorporation Documents

    • Draft the Articles of Incorporation and other necessary documents.
  4. Submit Incorporation Documents

    • File the incorporation documents with the Economic Development Agency.
  5. Pay the Registration Fee

    • Pay the required fees for incorporation, which can vary based on company type.
  6. Obtain a Business License

    • Apply for a business license from the relevant government authority.
  7. Register for Taxation

    • Obtain a Tax Identification Number (TIN) from the Tax Office.
  8. Open a Bank Account

    • Open a corporate bank account to manage finances.
  9. Comply with Local Regulations

    • Ensure compliance with labor and immigration laws if hiring employees.

Costs

  • Registration Fee: Varies depending on the type and size of the company.

Key Contacts

Setting up a manufacturing plant in San Marino involves several key steps. Here’s a detailed guide:

  1. Conduct a Feasibility Study

    • Analyze market demand, location, and resource availability.
  2. Choose a Business Structure

    • Decide on the type of business entity, such as a Limited Liability Company (LLC).
  3. Register the Company

    • Register your business with the Economic Development Agency.
  4. Secure Financing

    • Arrange funding through loans or investors.
  5. Select a Location

    • Choose an industrial area with access to infrastructure and resources.
  6. Obtain Necessary Permits and Licenses

    • Apply for construction permits, environmental clearances, and industry-specific licenses.
  7. Design and Construct the Facility

    • Hire architects and contractors to design and build the plant.
  8. Purchase and Install Equipment

    • Acquire machinery and ensure it meets safety and operational standards.
  9. Hire and Train Employees

    • Recruit skilled workers and provide necessary training.
  10. Set Up Supply Chain and Distribution

    • Establish relationships with suppliers and distributors.

Key Contacts

Registering a trademark in San Marino involves several key steps. Here’s a detailed guide:

  1. Conduct a Trademark Search

    • Ensure your trademark is unique by searching existing trademarks in the registry.
  2. Prepare Your Application

    • Gather necessary details, including the trademark design and the list of goods/services.
  3. Submit the Application

    • File your application with the State Office for Patents and Trademarks.
  4. Pay the Application Fee

    • Pay the required fees for trademark registration. Check with the office for current rates.
  5. Application Examination

    • The office will examine the application for compliance and potential conflicts.
  6. Publication for Opposition

    • If approved, the trademark is published for a period during which others can oppose it.
  7. Receive Registration Certificate

    • If no oppositions are filed, you receive the official trademark registration certificate.

Costs

  • Application Fee: Check with the State Office for Patents and Trademarks for up-to-date pricing.

Key Contacts

Registering a trademark in San Marino involves several key steps. Here’s a detailed guide:

  1. Conduct a Trademark Search

    • Ensure your trademark is unique by searching existing trademarks in the registry.
  2. Prepare Your Application

    • Gather necessary details, including the trademark design and the list of goods/services.
  3. Submit the Application

    • File your application with the State Office for Patents and Trademarks.
  4. Pay the Application Fee

    • Pay the required fees for trademark registration. Check with the office for current rates.
  5. Application Examination

    • The office will examine the application for compliance and potential conflicts.
  6. Publication for Opposition

    • If approved, the trademark is published for a period during which others can oppose it.
  7. Receive Registration Certificate

    • If no oppositions are filed, you receive the official trademark registration certificate.

Costs

  • Application Fee: Check with the State Office for Patents and Trademarks for up-to-date pricing.

Key Contacts

When considering business in San Marino, it’s important to understand various factors:

Social and Cultural Factors

  • Language: Italian is the official language and is widely used in business.
  • Business Etiquette: Formality and respect are valued. Building personal relationships can be important.

Political Factors

  • Government: Parliamentary republic.
  • Stability: San Marino enjoys a stable political environment with regular elections.

Economic Factors

  • Currency: Euro (EUR).
  • Key Industries: Banking, electronics, ceramics, and tourism.

Foreign Exchange

  • Exchange Rate: As a Eurozone country, San Marino uses the Euro, which provides stability.

Rule of Law

  • Legal System: Based on civil law; known for effective enforcement.
  • Intellectual Property: Protections in place for intellectual property rights.

Infrastructure

  • Transport: Well-developed road network; proximity to Italian transport hubs.
  • Utilities: Reliable energy and water supply, with modern infrastructure.

Key Contacts

 

Our Members Include Leading Organizations in San Marino

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