San Marino Maritime Company

A San Marino Maritime Company (SRL) offers a range of unparalleled tax benefits tailored for the maritime industry. Here’s what you can expect:

• Reduced Profit Tax:
  Low 3.4% tax rate on annual profits for the first 10 years of operation.
• Dividend Taxation:
  Low 5% tax rate on dividends to individuals and non-residents.
• No VAT:
  Absence of VAT as San Marino is not a part of the EU. Ideal for tax-free investing in yachts and other investments.
• Tax Deferral:
  Postpone the already discounted profit tax of the first 10 years for up to another 3 years (for a total of 13 years).
• Investment Incentives:
  Enjoy tax reductions on income generated from capital goods or real estate investments.
• Deductible Expenses:
  Write-off company costs with a minimal limitation.
• Reputable Jurisdiction:
  San Marino is a highly respected European country with an impeccable reputation worldwide.
• OECD Approval:
  The country’s white-listed status by the OECD underscores its commitment to international best practices.Company Highlights
• Global Flexibility: Shareholders can be individuals or entities from any nationality or jurisdiction in the world.
• Local Director Not Required: Operate your company with no need for a local resident director.
• Limited Liability: Only the company’s assets are liable for its debts, not the personal belongings of its owner.
• Accessible Funds: A minimum share capital of €25,500 is required, which becomes immediately available for your business operations upon formation of the company.
• Low Corporate Tax: An annual corporate tax of just €350.Operational Necessities

Human Resources: Employ at least one individual (director), and a second employee within 24 months.

Remote Operation: Conveniently form your company and open your mandatory San Marino corporate bank account remotely. We can do the following on a cost-effective mode:

• Notary fees
• Accountant setup costs
• Business license and tax numbers
• Administrative tax
• Tax identification
• Accounting book endorsements
• San Marino taxes and fees
• Our handling and administration costs

Annual Company Maintenance

• Notary costs
• Business license tax
• Notarized shareholders meeting for financial statement approval
• San Marino taxes and fees
• Our handling and administration costs

Note: All setup and annual costs are fully deductible.

ADDITIONAL SERVICES

Professional Support: Our partnerships with specialized administration and accounting firms ensure you maximize your benefits. Initial consultancy and establishment fees are included in the initial setup cost.

Office Requirement: A San Marino office address is mandatory and available at a monthly cost of around €300. We can assist in setting this up smoothly for you for a low one time fee of only €500.00

Remote Company Opening: Should you wish to establish your new San Marino Maritime Company remotely and forgo visiting San Marino, a notary can create a Power of Attorney for you and organize a delegate.

San Marino Business Bank Introduction: A business bank in San Marino is mandatory. Allow us to connect you to one of the principal business banks in San Marino for remote business bank account opening. The service fee for this introduction is €500. Take the next step in securing superior banking for your business needs!