San Marino Elective Residence (investment / tax residency)

Key requirements

We model €500,000 as the property planning floor. The deposit route needs €600,000 plus the €10,000 grant tax. Officials may refuse files even when numbers look sufficient.

• Income we use for estimatesNot set in data
• SavingsOften ~$500,000+
• Accepted income typesPassive income, Pension, Savings only
• Remote work allowedNo
• Local employment allowedNo
• Health insuranceUsually required
• Criminal record checkUsually required
• Accommodation proofUsually required
• Bank accountUsually required
• Processing (rough)Congress of State review often within about 60 days after a complete file

Citizenship & nationality

Elective residence is open to all nationalities on paper, but approval is not automatic. Officials judge whether your investment and personal file fit San Marino’s annual quota and public-interest test.

• •Property route: buy a completed home or industrial unit for at least €500,000, or an unfinished building from €350,000 with up to €150,000 in allowed completion costs.
• •Deposit route: place at least €600,000 in a non-interest 10-year San Marino state securities deposit and pay a €10,000 one-time tax when residence is granted.
• •Application fee is €1,000. Dependants such as a spouse or qualifying children can be added for €20,000 each under published rules.
• •Until residence consolidates after 10 years, holders usually cannot take public-sector jobs or receive state benefits. Private health cover is required.
• •Entry logistics often run through Italy because San Marino is not Schengen. Plan housing, banking, and tax advice as one timeline.
• •A separate atypical tax-residency track can tax qualifying foreign income at a 7% substitute rate with annual minimum and maximum caps. That is a tax package, not a substitute for the investment test.

Read the official San Marino government residence page and confirm the live investment list, quota, and tax options with a San Marino lawyer before you buy property or move funds.

Best for

• •People planning to stay several years with a clear residence record
• •Anyone weighing tax context alongside lifestyle and logistics

Long-term path

• Permanent residence: Yes
• Citizenship: Possible, but depends on your case

Elective residence can consolidate into ordinary registered residence after 10 years of compliant stay. Citizenship by naturalization is a much longer path and San Marino generally does not allow dual nationality.

Practical difficulty

hard

Rough guide only. Your case depends on papers, timing, and rule changes.

Hard because of capital lock-in, discretionary approval, annual caps, and cross-border entry planning with Italy, not because the tourist form is complex.