| LLC | PLC | Branch Office | Rep Office | |
|---|---|---|---|---|
| Local Name | SRL | SPA | Filiale | Ufficio di Rappresentanza |
| Company Setup Time | 20 days | 30 days | 30 days | 30 days |
| Bank Account Opening | 10 days | 10 days | 10 days | 10 days |
| Government Grants Available | Yes | Yes | No | No |
| Government Contracts Bidding | Yes | Yes | No | No |
| Limited Liability | Yes | Yes | No | No |
| Client Required to Travel | No | No | No | No |
| Inquiry | Inquiry | Inquiry | Inquiry |
Corporate Structure Explained
San Marino Limited Liability Company (SRL)
- A minimum paid-up capital of EUR 25,500 and a minimum of one director and one shareholder are required. Half of the registered capital must be paid within 60 days of registration, while the second half must be paid within 3 years.
- If the capital is higher than EUR 77,000 or if revenues for the two consecutive fiscal years exceed EUR 2 million, a limited liability company must elect a sole auditor.
- When earnings exceed EUR 7,300,000 in two successive fiscal years, it is mandatory to elect a board of statutory auditors.
San Marino Public Limited Company (SPA)
- For incorporation, the SPA / PLC in San Marino its required a sum of EUR 77,000.
- Half of the initial corporate capital contributions must be paid within 60 days of the registration date. The remaining share capital must be made within 3 years from the date of registration.
- An auditor must be assigned and a statutory audit board is required if revenue exceeds EUR 7,300,000 for two successive fiscal years.
- Its possible to list this entity on the Milan Stock Exchange.
San Marino Branch
- The parent company is liable for the branch’s business operations. Taxes have to be filed annually.