San Marino
| Pros |
|---|
| Competitive corporate tax rates and specific incentives for innovative startups to minimize fiscal burden |
| Exceptional personal safety and low crime rates for the protection of private property |
| High degree of political stability and direct democracy traditions for a predictable business climate |
| Cons |
|---|
| Small domestic market size and reliance on external trade for economic growth |
| Complex regulatory alignment with European Union standards despite non-member status |
| Limited physical accessibility and lack of independent major transport hubs like international airports |
Will San Marino tax what you earn?
NO. San Marino doesn't tax personal income, and doesn't reach for you when you settle. No withholding, no return, no centre-of-vital-interests test waiting to trip. Salary is a non-event here, both in the rate and in the paperwork.
Will San Marino tax what you own?
NO. San Marino doesn't tax what you hold. No capital gains, no annual wealth assessment, no inheritance regime. The value sitting in your portfolio compounds untouched, and leaves it the same way it arrived.
Is it easy to run a company in San Marino?
YES. San Marino has no corporate income tax but stacks the two harshest non-fiscal frictions: criminal liability for misuse of corporate assets (jail risk on intra-company spending) and public registries (your name visible to anyone with a browser). Zero-tax headline; non-zero exposure on every other axis.
Is San Marino good for your holding company?
NO. San Marino doesn't carry a treaty network, which makes it unsuitable as a holding jurisdiction. Any dividend flowing in or out faces full statutory withholding, and no domestic participation exemption can compensate for missing relief on the source side.
| Country | Status | Dividends | Interest | Royalties |
|---|---|---|---|---|
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| ∅ // no treaties match | ||||
What does it cost to come and go from San Marino?
SOME. San Marino taxes worldwide income while you're resident, but there's no exit tax on the way out. The cost of leaving is mostly paperwork: unrealised gains follow you to the next jurisdiction untouched.
Will San Marino protect your privacy?
NOT AT ALL. San Marino has signed every exchange framework that matters and operates a public corporate registry. Whatever you do here (earn, hold, structure) is reportable, accessible, or both. Privacy is not the strategy in this jurisdiction.
Is San Marino itself a liability?
SOMEWHAT. San Marino is flagged by one or two national tax authorities and sits outside FATF membership. Selective friction: anti-abuse rules trigger on transactions in specific corridors, and counterparties tend to ask more questions.
Will you feel free in San Marino?
Not enough data to assess civil liberties and financial freedom in San Marino.
Other jurisdictions worth comparing
Picked by similarity of strategic profile to San Marino. No editorial ranking — neighbours in the same scoring space.