
San Marino Tightens Atypical Residency Rules for Pensioners
According to Coletto, San Marino’s updated criteria are likely to deter casual applicants and attract only deeply committed retirees.
Residency for economic reasons is granted to a foreigner who opens a company in San Marino or takes over an existing one.
The applicant must be a majority shareholder, employ local workers, and make secured bank deposits.
The permit requires 270 days of physical presence per year and may lead to permanent residency after 10 years.
Citizenship is only possible after 30 years of continued residence and requires the renunciation of original nationality.
The applicant must make a secured bank deposit of €75,000, to be increased to €150,000 within two years of obtaining the residency (replaceable with purchase of property with a lien in favour of the State). Such bank deposit may be replaced by bank or insurance guarantee issued by a San Marino supervised entity.
The applicant must hold at least 51% of the shares in a San Marino company.
The applicant must hire from 1 to 3 resident workers on an open-ended contract, depending on whether the sectors in question are to be encouraged or not.
The applicant must pay an annual contribution for healthcare and social security benefits equal to €350 per capita.
Browse 195 countries’ paths to citizenship in the hyper-detailed IMI Citizenship Catalog.
Applications for this program may be directed to Economic Development Agency Chamber of Commerce.
Legislation upon which this program is based Development Law no. 115/2017.

According to Coletto, San Marino’s updated criteria are likely to deter casual applicants and attract only deeply committed retirees.

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San Marino raises foreign retiree income threshold to €120k and asset requirement to €500k. New rental rules limit shared contracts.
See more statistics on this program and others in the IMI Data Center.