What We Do

As lawyers, trustees, and accountants with decades of experience, we are well positioned and trained to offer sound, objective, and independent advice, providing reliable oversight for your overall planning and ensuring that all work on your behalf is carried out in a timely and professional manner.

We have experience and expertise in a diverse range of structures for holding and administering worldwide wealth. These structures cover the broadest array of assets, including businesses, private equity and other financial holdings, bank accounts, financial investments, real estate, aircraft, yachts, collectable cars, art collections, and jewelery.

San Marino

San Marino is among the smallest countries in the world, but its population enjoys a high quality of life, and the territory is characterised by political stability and economic security. It is still quite unknown worldwide as an offshore jurisdiction, but considering its unique legal system, tax rules, and trust regulation, it has the potential to develop and become one of the best offshore trust jurisdictions.

Our new office in San Marino offers professional trustee, resident agent, protector, and legal and tax assistance services to individuals and companies. San Marino also provides for ship and aircraft registration.

San Marino Trusts

San Marino has ratified the Hague Convention on the Law Applicable to Trusts and on their Recognition of 1 July 1985, and with the Trust Act of 2010, the country’s internal trust law was totally revised.The combination of common law and civil law elements which the new trust law encoded particularly suits the needs of civil law trust settlors. Among other things, the San Marino trust law provides for a clear definition of a trust as well as the possibility for a trust deed to confer the power to appoint beneficiaries, rather than itself appointing the beneficiaries.

There are two types of trusts in San Marino: a trust with beneficiaries and a purpose trust. In either case, the settlor may be a trustee, may reserve rights and powers to the settlor’s self, and may also be a beneficiary.

San Marino Companies – Common Features 

  • Shareholders can be foreigners, minimum 1.
  • Local directors are not required, minimum 1.
  • Registered office must be in San Marino.
  • Incorporation is completed via a public deed in San Marino.
  • The share capital is paid in two instalments. The first half must be paid within the first 120 days of registration and the remaining half must be paid within three years of registration.
  • Companies file annual financial statements.
  • Auditors are only required if capital is more than €77,000 or the company’s revenue is more than €2,000,000 in consecutive years.
  • Minimum share capital is €25,000 for Limited Liability Companies (NOTE: for Limited Liability Companies the share capital could be reduced to €9,000.)
  • Minimum share capital is €77,m000 for Joint-Stock Companies.

Residency – San Marino

Cone Marshall offers high-level consultancy in the field of relocation to San Marino. Our advisors work with our clients to simplify their application process, assisting them in documenting their financial history and providing evidence of their business experience and ownership of funds. Once an application is approved, we provide further guidance and assistance with tax and estate planning prior to settlement in their new home.

San Marino offers five types of residency options:

  1. Economic Rationale

For those intending to generate economic activity by starting a new company or taking over an existing company

  1. Simplified Residency

For those intending to start a new business, revitalize/invest in an existing business, or consolidate the development of an existing business activity

  1. Special Tax Regime residency

For those who have never been a tax resident of San Marino and produce income abroad

  1. Elective Residency

For those who purchase property or open a deposit account in a San Marino bank

  1. Residency for Pensioners

For pensioners from EU countries, Switzerland, and other designated countries who have never been a resident of San Marino