San Marino has published Delegated Decree No. 25 of 4 February 2019, which provides new rules for the regulation of high-tech enterprises, including tax incentives. To qualify as a high-tech enterprise, certain conditions must be met, including inter alia that the company is governed by San Marino law, has been certified as highly innovative, and holds an industrial or service license. Companies that meet the general requirements are classified as one of three types of high-tech enterprise:
Certain capital and employee number conditions also apply.
Depending on the status of the high-tech enterprise, incentives and benefits apply as follows:
Other benefits are also provided for qualifying high-tech enterprises, including license fee exemptions, reduced registration rates, special residence permits for foreign workers and their families, and others
The Decree entered into force on 4 February 2019.
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