Peculiarities of San Marino Residence Permit Application

Peculiarities of San Marino Residence Permit Application

The most popular way to get a San Marino residence permit is starting a business in the state. CEOs of companies, registered here, can apply based on their business ownership. The main condition is a refundable security deposit in the amount of €150,000. The amount can be paid in two stages: half of the receipt of a residence permit, the rest – within two years. These funds can be invested in real estate – both residential and commercial.

The residence permit is valid indefinitely, while the company works and a deposit is placed. The resident card is issued for five years, then it can be renewed every five years. A residence permit holder pays taxes only from sources in San Marino. The main selection criteria are the financial independence of the investor and the absence of a criminal record.

The Algorithm for Obtaining a Residence Permit

  1. First of all, the applicant must either send in advance or hand over the personally collected package of documents. With a candidate for a residence permit is signed a contract for the provision of comprehensive legal services. There must be the prepayment in the amount of 50% of the total amount of the contract. After that, the applicant is checked for reliability, it costs €1,500. The contract is signed with a lawyer who deals with registration.
  2. The second stage is the obligatory arrival in San Marino to open a personal bank account. At the same time, the composition of the founders of the company is determined and a notarial act on the establishment of the company in the country is drawn up. After, the applicant transfers to his account two sums:
  • for authorized capital – € 26,000;
  • for the costs of establishing a company and a security deposit – either immediately € 150,000, or in two stages in equal shares (€ 75,000 at once and another € 75,000 within two years).

During this visit, the applicant must submit a copy of the internal passport with all the marks and fill out a questionnaire for a residence permit. After that, the company is registered, it is assigned a legal address at the place of work of the auditor. This procedure will take two weeks.

  1. At the third stage, the state registration of the company in San Marino, registration of insurance, and submission of documents for a residence permit are held.
  2. The fourth, last stage is the receipt of a decision on the provision of a residence permit. Then, in the event of a positive response, the second part of the cost of the legal support contract is paid and a residence permit card is issued.

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