Public limited company
Società per azioni S.p.A.San Marino
What it takes to form, own and run a public limited company in San Marino, and how its profit is taxed. Each figure links to the page it was read from.
This company type
At a glance
Owners' liability
Limited to what the owners put in
Officialconsigliograndeegenerale.smRead 10 Oct 2026
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Nella società di capitali, per le obbligazioni sociali risponde soltanto la società con il suo patrimonio.
Owners
At least 1 · a company may be one · nominees allowed
Officialconsigliograndeegenerale.smRead 10 Oct 2026
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Possono essere soci di società di capitali sia persone fisiche che giuridiche.
Directors
At least 1 · none need live there
Officialconsigliograndeegenerale.smRead 15 Oct 2026
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6. Se vengono a mancare l'amministratore unico o tutti gli amministratori, l'assemblea per la
Minimum capital
EUR 77,000
Officialconsigliograndeegenerale.smRead 10 Oct 2026
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€ 77.000,00 (settantasettemila euro) nella società per azioni
Tax on profit
Flat · 18%4 special regimes may apply
Officialconsigliograndeegenerale.smRead 15 Oct 2026
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proporzionale, nella misura del 17%, al reddito imponibile calcolato a norma degli articoli seguenti.
Notary needed: YesResident director needed: NoFormed online: Yes
Form it
Who registers it
- Registry
- Formed without visiting
- Not stated
The registry’s and the law’s own pages do not mention it.
- Formed online
- Yes
What it takes to form
- A notary
- Required
- A resident director
- Not required
- Paying up the capital
- At least half of the initial contributions are made within 60 free days of registration in the Registro (Art. 10(3)). The balance deadline is not stated in the text read.
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Almeno la metà dei conferimenti del capitale sociale iniziale della società devono essere effettuati entro sessanta giorni liberi successivi alla data di iscrizione nel Registro
Own it
Who may own and run it
- Directors
- At least 1 · none need live there
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6. Se vengono a mancare l'amministratore unico o tutti gli amministratori, l'assemblea per la
- Shareholders
- At least 1 · a company may be one · nominees allowed
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Possono essere soci di società di capitali sia persone fisiche che giuridiche.
- Members
- At least 1 · one person may form it alone
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Le società di capitali possono avere un socio unico al momento della loro costituzione
- A local company secretary
- Not stated
The registry’s and the law’s own pages do not mention it.
- A local registered agent
- Not required
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La sede della società deve essere stabilita nel territorio della Repubblica di San Marino.
Each year, at the registry
- Annual registry fee
- Not stated
The registry’s and the law’s own pages do not mention it.
- Accounts on the public record
- Yes
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1. Entro trenta giorni dall'approvazione, che deve avvenire entro cinque mesi dalla chiusura
- Audit for a small company
- Required
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La nomina del sindaco unico è obbligatoria:
- Audit
- A sole statutory auditor (sindaco unico) is mandatory for every S.p.A.
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La nomina del sindaco unico è obbligatoria:
Important dates
When each obligation falls due, as the authority states it.
- Pay in at least half of the initial capital
- 60 days after incorporation
Art. 10(3): sixty free days after the date of registration in the Registro. Business-day treatment is not stated.
What is public
- Directors
- Public
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6. Il Registro è pubblico e chiunque può prenderne libera visione.
Tax
Tax on profit
How this company type is taxed, which can differ from its place’s headline rate.
Flat · 18%+4 regimes
Legge 166/2013 Art. 43: proportional rate of 17% on a legal person's taxable income; for tax periods 2026 to 2030 the rate is 18% instead of 17% (Legge 141/2025). A 50% reduction of the rate for the first five periods of a new activity is available under Art. 73 as amended.
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proporzionale, nella misura del 17%, al reddito imponibile calcolato a norma degli articoli seguenti.
Work it out on a profit figure: the company’s tax, the owner’s, and what is left.
Special regimes that may apply
- Plusvalenze esenti holding · 100% exempt
Companies disposing of, exchanging or contributing participations in resident or non-resident companies or entities, held without interruption from the first day of the twelfth month preceding the disposal and classified as financial fixed assets in the first balance sheet closed during the period of ownership Legge 16 dicembre 2013 n.166 'imposta generale sui redditi', articolo 56 - Dividendi holding
Companies or entities with legal personality receiving dividends from participations in resident or non-resident companies or entities Legge 16 dicembre 2013 n.166 'imposta generale sui redditi', articolo 59 - Ulteriori incentivi other · 8.5%
New businesses and newly incorporated capital companies whose owners and beneficial owners had not carried on an analogous business activity in the twelve months preceding the application; capital companies must hire at least one full-time employee within six months and a further one within twenty-four months of the operating authorisation Legge 16 dicembre 2013 n.166 'imposta generale sui redditi', articolo 73 - Regime fiscale per le società di navigazione sammarinesi tonnage
San-Marinese companies carrying on the maritime transport of persons or goods, or other commercial maritime activities, through ships flying the San Marino flag Legge 2 agosto 2019 n.120 'Riforma in materia di navigazione marittima', articolo 31, e Decreto Delegato 30 giugno 2023 n.101
Whether a company qualifies depends on its activity and conditions set in each statute.
- CFC rules in San Marino
- Not in our records
Close it
Closing it
The other end, which most guides leave out.
- Route
- Dissolution on a cause in art. 106 of Law 47/2006 (expiry of the term, achievement or impossibility of the object, impossibility of operating, capital below the legal minimum, a shareholders' resolution, withdrawal of the operating licence, or other causes in law or the statutes); the directors convene the assembly to appoint liquidators (art. 108); after the final liquidation accounts are approved and creditors paid, the liquidators ask for the company to be cancelled from the Registro, and with the cancellation the company is extinguished (art. 108).
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La società si scioglie e si deve procedere alla liquidazione:
- Statutory fee
- Not in our records
Every business in San Marino
VAT
- Standard rate
- Not in our recordsThe tax authority’s pages have not been read for San Marino.
Payment and banking services
None of the services whose lists we hold names San Marino. Each provider, and what a listing means.
Reference
Its name and code
- Kind
- Public limited companyDerived our grouping, the same words in every country
- Name in law
- Società per azioni (S.p.A.)
- ISO 20275 code
- AZ8VSecondary GLEIF, Entity Legal Forms code list