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Ease of Doing Business in

San Marino

San Marino Download Profile (1704KB, pdf)
Region Europe & Central Asia
Income Category High income
Population 31,781
GNI Per Capita (US$) 48,162
City covered San Marino

190

1

DB 2017 Rank

1

100

DB 2017 DTF (% points)

  • local_library
  • group
Topics DB 2017 Rank DB 2016 Rank info_outline Change in Rank DB 2017 DTF (% points) info_outline DB 2016 DTF (% points) info_outline Change in DTF (% points) info_outline
Overall 79 77 down
2
64.11 63.55 down
0.56
Starting a Business 98 86 down
12
85.46 85.42 up
0.04
Dealing with Construction Permits 72 92 up
20
71.43 68.42 up
3.01
Getting Electricity 11 11
-
90.63 90.63
-
Registering Property 80 79 down
1
65.66 65.65 up
0.01
Getting Credit 181 181
-
5.00 5.00
-
Protecting Minority Investors 162 162
-
36.67 36.67
-
Paying Taxes 14 20 up
6
90.02 87.84 up
2.18
Trading across Borders 20 20
-
97.48 97.48
-
Enforcing Contracts 78 78
-
59.25 59.25
-
Resolving Insolvency 110 107 down
3
39.48 39.15 up
0.33

Positive=Doing Business reform making it easier to do business. Negative=Change making it more difficult to do business.

DB 2017 Rank: 98

DB 2016 Rank: 86

Change in Rank: down12

DB 2017 DTF (% points): 85.46

DB 2016 DTF (% points): 85.42

Change in DTF (% points): up0.04

Standardized Company
Legal form: Limited Liability Company
Paid-in minimum capital requirement: EUR 12,750
City: San Marino
Indicator San Marino Europe & Central Asia OECD high income
Procedure – Men (number) info_outline 7.0 4.9 4.8
Time – Men (days) info_outline 11.5 10.2 8.3
Cost – Men (% of income per capita) info_outline 9.0 4.7 3.1
Procedure – Women (number) info_outline 7.0 4.9 4.8
Time – Women (days) info_outline 11.5 10.2 8.3
Cost – Women (% of income per capita) info_outline 9.0 4.7 3.1
Paid-in min. capital (% of income per capita) info_outline 29.4 4.0 9.2
  • No. Procedure Time to Complete Associated Costs
    1

    Check for Company name

    Agency: Cancelleria Commerciale – Tribunale (Commercial Chancery – Tribunal)

    A notary conducts a Company name search at the Cancelleria Commerciale – Tribunale (Commercial Chancery – Tribunal) to make sure there isn’t already a company registered with the same name.
    1 day no charge
    2

    Register Company Act at the Register office

    Agency: Ufficio del Registro e delle Ipoteche – Segreteria di Stato per le Finanze e il Bilancio

    The following documents (all self-certified) are provided to a notary:
    For legal entities:
    - certificate of good standing
    - certificate used to revoke the license

    A notary then prepares two copies of the company act (EUR 1000 – notary fee + EUR 50 stamp duties) and submits all the documentation to the Ufficio del Registro e delle Ipoteche (Registry Office).

    Cost: EUR 70 (stamp duties) + 1050 (notary fee and stamp duties) + 600 (imposta di registro – register tax) + 350 (imposta giudiziaria - judicial tax) = EUR 2,070
    1 day see procedure details
    3

    Register Company at the Commercial Chancery

    Agency: Cancelleria Commerciale – Tribunale (Commercial Chancery – Tribunal)

    A notary delivers the Company Act to the Cancelleria Commerciale.
    5 days EUR 70
    4

    Obtain company title certificate

    Agency: Casellario Giudiziario – Tribunale (Judicial registry – Tribunal)

    The notary, or his nominee, submits a written request by fax to the Commercial Chancellery for the Certificato di Vigenza (company title certificate). After two days the certificate is issued and it can be picked up at the office. This certification confirms the status of the company, highlighting the name, the date and number of registration, the corporate bodies, the corporate purpose and the powers of directors under the articles of association.
    2 days EUR 50
    5

    Obtain operator code

    Agency: Ufficio Industria, Artigianato e Commercio

    The owner of the company needs to apply for a business license – phase 1.

    The request for Economic Operator Code must be made through the online portal called OPEC: www.pa.sm. The code is released directly from the program, pursuant to art. 22 of the Law March 31, 2014 n. 40, entered into force May 30, 2014.

    The procedure for the release of the Economic Operator Code consists of two steps:

    A) Code Request: specifying the reason for the request (the program provides a default selection of eligible reasons), free text in which to place more specific reasons; for individuals, it is necessary to specify the object for which the license will be required.

    The program checks compliance with: the subject of the practice (it cannot be an unfit person); that the company has not been put into liquidation; the applicant is the current administrator and that the company is not already in possession of an economic operator code

    B) confirms practice: the rescue of the file makes it permanent.

    Less than one day (online procedure) no charge
    6

    Obtain business license

    Agency: Ufficio Industria, Artigianato e Commercio

    The owner of the company needs to apply for a business license – phase 2.

    As of March 31, 2014 n. 40 (on May 30, 2014), the entrepreneur can now apply for the business license online through www.pa.sm.

    It will be necessary to scan and enclose the following documents in order to request the business license:

    1. a business plan indicating the activities and structure of the company,
    2. a copy of the lease agreement of the registered office duly registered,
    3. a certificate of habitability,
    4. cadastral map of the office.

    The object of the license must be: lawful, possible, determined, consistent, referring to the actual activity that is going to be in place.
    1 day no charge
    7

    Pay business license tax

    Agency: Ufficio del Registro e delle Ipoteche – Segreteria di Stato per le Finanze e il Bilancio

    The costumer has to pay the business license tax at the Ufficio del Registro e delle Ipoteche – Segreteria di Stato per le Finanze e il Bilancio. Payment can be done in person at the office or online through www.pa.sm.
    1 day EUR 1,700