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San Marino law (Law no. 47\/2006 and subsequent amendments and integrations)
regulates companies based in the territory of the Republic. Such companies must
be established by means of a notarial public deed in one of the following forms:<\/p>\n\n\n\n
a) partnerships:
\u2022 unlimited partnerships
b) companies with share capital:
\u2022 limited liability companies
\u2022 joint stock companies
<\/p>\n\n\n\n
For the establishment of companies with share capital the minimum capital
required by law is:<\/p>\n\n\n\n
a) 25,500 Euro for limited liability companies
b) 77,000 Euro for joint stock companies
<\/p>\n\n\n\n
The share capital must be fully subscribed at the time of incorporation of the
company. 50% of such capital must be paid within 120 days from the registration
of the company in the register of companies, while the remaining 50% within
three years.
<\/p>\n\n\n\n
In case of a sole shareholder company, the whole share capital must be paid up
within 120 days of its registration in the register of companies.
<\/p>\n\n\n\n
To establish a company, founders shall contact a San Marino notary, who will
verify the requirements to be fulfilled by the future shareholders and will ask
them to submit the necessary self-certification to demonstrate the absence of
criminal charges. The same self-certification shall be submitted by those wishing
to hold corporate offices. The self-certification can be compiled and submitted by
both resident and non-resident individuals. Both shareholders and directors may be foreign citizens. Under the Company Law, the corporate purpose must be lawful, possible, determined.<\/p>\n","protected":false},"excerpt":{"rendered":"
San Marino law (Law no. 47\/2006 and subsequent amendments and integrations)regulates companies based in the territory of the Republic. Such companies mustbe established by means of a notarial public deed … <\/p>\n