One of the smallest countries in Europe, San Marino is offering residence permits, and Indians can apply too
San Marino, the world's oldest republic, is a spectacular microstate surrounded by Italy. Known for its stunning medieval architecture and serene landscapes, it offers a peaceful, secure lifestyle. Its excellent quality of life, low taxes, and unique cultural heritage make San Marino an appealing option for people who wish to relocate.
Permanent Residency In San Marino
San Marino does not offer direct permanent residency but provides various residence permits allowing you to live and work there. Foreign nationals can apply for selective residence, atypical residence, special, study, and investment permits.
How To Obtain Residence Permits In San Marino
1. Special Or Work Permits
These are granted either on a permanent or seasonal basis. Employees with stable, ongoing employment without a fixed term can apply for a permanent residence permit; seasonal permits apply to contracts lasting no more than 10 months.
2. Family Reunification Permit
Available to family members or spouses of San Marino citizens.
3. Study Permits
Issued to students attending primary, secondary, or university education, valid for one year or the duration of studies.
4. Economic Residence Or Investment Permit
Entrepreneurs and investors qualify if they meet conditions such as:
Majority ownership in a company
Monthly medical contributions of €350 (approximately ₹32,500)
Holding insurance covering at least €50,000 (approximately ₹4,640,000) per capita with a San Marino company
An initial bank deposit of €75,000 (approximately ₹6,960,000), increasing to €150,000 (approximately ₹13,920,000) within two years
Investor conditions include:
Hiring at least five employees (eight for industrial projects)
Purchasing property worth a minimum of €300,000 (approximately ₹27,840,000)
Healthcare coverage of €30,000 (approximately ₹2,784,000) for 24 months
Eligible sectors include advanced technology, green economy, tourism, culture, production with low environmental impact, health, pharmaceuticals, management, marketing, and research.
5. Elective Residence
Available if you have:
Purchased property for at least €500,000 (approximately ₹46,400,000), or
Bought property worth €350,000 (approximately ₹32,480,000) plus €150,000 (approximately ₹13,920,000) in renovations, or
Hold interest-free government bonds worth €600,000 (approximately ₹55,680,000) for 10 years
The application fee is €10,000 (approximately ₹928,000), processed by the Department of Foreign Affairs, with decisions made within 60 days.
6. Atypical Residence
For pensioners with a confirmed annual gross income of at least €120,000 (approximately ₹11,136,000) or property worth €300,000 (approximately ₹27,840,000), who have never resided in San Marino before.
7. Residency With A Preferred Tax Regime
Granted to those with income exclusively from abroad who have never been tax residents in San Marino. It levies 7% tax on foreign income, minimum €10,000 (approximately ₹928,000) and maximum €100,000 (approximately ₹9,280,000) annually.
Requirements And Documents
All permits require no criminal record, adequate housing, sufficient financial means, and valid health insurance.
Documents needed:
Valid passport or ID
Certificate of no criminal record
Proof of income or assets
Health insurance policy
Certificate of current residence
San Marino offers a unique blend of historical charm, safety, and fiscal benefits, attracting a growing number of expatriates. Its diverse residence permits accommodate investors, workers, students, and retirees alike, making it an excellent destination for those seeking a secure, culturally rich, and tax-efficient lifestyle in the heart of Europe.
