Taxes in San Marino
San Marino is a small, independent state located in the northeast of the Apennines. The area of jurisdiction is only 60 square meters. km. With a population of 31 people.
San Marino acts as an enclave and is surrounded by Italy, the capital is San Marino. Such a close connection with Italian culture and economy leaves its mark on the tax and banking sectors.
The government of San Marino makes a lot of efforts to attract foreign investors and businessmen to its territory. For this purpose, the country has created favorable conditions that allow you to register a company quickly and easily. There are several key sectors in the jurisdiction's economy:
- industrial;
- financial;
- tourist;
- agricultural;
- IT technologies.
This small modern country is distinguished by stable banking, financial, economic sectors, as well as affordable tax rates. Particular interest is shown here in companies that are engaged in developments in the innovative field.
That open a company in San Marino in a short time, contact the professionals of the E-COMMERCE BROKER Company. We have experience working with various European jurisdictions, so we are well versed in all the intricacies of organizing business processes. With our help, your business will get a successful start.
Features of the San Marino tax system
Foreign companies who want register a business in San Marino, can choose one of the two most common forms for the jurisdiction:
- Limited liability company (analogous to LLC).
- Joint-Stock Company.
Tax system of San Marino It is simple, and tax rates here are among the lowest in Europe. Main taxes in San Marino are:
- income tax - it is imposed on all resident and non-resident companies. The standard rate is 17%. In some cases, a preferential percentage of 8,5% is applied - for those companies that have just started their activities and the duration of the grace period is 5 years;
- VAT - there is no value added tax in the tax system of the jurisdiction. But, for all imported goods the rate is 17%, for food products - 2%, for meat products - 6%;
- withholding tax - for non-resident companies that receive profits from activities in San Marino, the tax on dividends is 0%. Royalties are taxed at 20%, interest is taxed at a rate of 4-13%, which depends on the type of payment.
Professional services from the E-COMMERCE BROKER Company
The E-COMMERCE BROKER company has been successfully operating in Europe for 10 years, helping beginners and experienced businessmen open their own commercial areas in order to receive a stable income.
Our financial programs contribute to the effective development of business, regardless of its direction. When you contact the E-COMMERCE BROKER Company, you are guaranteed to receive qualified assistance from professionals who work in the following areas:
- company registration in Europe;
- opening a bank account in a European bank;
- obtaining permits and licenses to conduct business;
- tax and accounting assistance;
- consultations on all issues that interest you.
Our company completely adapts the work to your specific needs, so you will get high results in a short time.
