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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.

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