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Elective Residence

San MarinoInvestment

Explore the five recorded questions, answers and sources for this pathway.

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What investment option or options qualify?

The Congress of State may grant elective residence to a foreigner who, not falling under Art. 17(1)-(2), makes and maintains in their own name, until the residence consolidates, one or both of the listed investment types in San Marino: one concerns a dwelling (which may also result from merging several property units); the other is placed in securities issued by the San Marino State or in a fund set up by the Eccellentissima Camera.

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Limits of the record
  • The purchase option's full terms and the deposit's terms sit in the R2/R3 citations of this route.

What official minimum amount, tier or threshold applies to each relevant option?

Option (a): purchase for consideration, at a price of not less than euro 500,000, of a building or part of a building for own or family housing, completed, to be renovated or in shell state; completion, renovation or demolition-and-reconstruction costs up to euro 150,000 may be counted toward that amount. Option (b): a non-interest-bearing deposit of at least EUR 600,000, tied for 10 years. Government charges are separate: an application processing duty of euro 1,000 when filing with the Department of Foreign Affairs, and a one-off EUR 10,000 tax when residence is granted under the deposit option.

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Limits of the record
  • The minimum amount for option (b) (tied deposit) and its tax are in this route's protected R3 citation and are not repeated here.

How long must the investment be maintained and what continuing ownership, investment or physical-presence conditions are important?

The required deposit is non-interest-bearing, at least EUR 600,000 and tied for 10 years; a one-off EUR 10,000 tax is payable when elective residence is granted under this deposit option.

See recorded sources
  • Art. 16-bis(1)(b)
    deposito infruttifero e vincolato per la durata di 10 anni non inferiore ad euro 600.000,00
  • Art. 16-bis(2)
    La concessione della residenza elettiva, ricorrendo il caso di cui alla lettera b) del comma 1, comporta il pagamento di una tassa di euro 10.000,00,

Which family members can be included where officially stated, and what broad residence/work rights result?

The elective-residence holder may apply to extend the status to the persons referred to in Article 16(3-bis), subject to a one-off EUR 20,000 payment for each secondary applicant. The official source does not state which family members these are or their residence or work rights.

See recorded sources
  • Art. 16-bis(6)
    E’ facoltà del richiedente la residenza elettiva, secondo le modalità previste al comma 3, fare domanda di estensione della stessa limitatamente ai soggetti di cui all’articolo 16 comma 3-bis, in possesso dei requisiti previsti dalla presente legge, previo versamento una tantum della somma di euro 20.000,00 per ogni soggetto (richiedente secondario).

What status is obtained, how is it renewed, what longer-term residence/citizenship direction is officially stated, and what happens to the investment when relevant?

The annual cap is 50 elective residences, excluding the family extensions identified in paragraphs 6 and 7. Ten years after registration in the resident-population register, elective residence is consolidated and the restrictions, duties and constraints specified by the article cease. The official source does not state how the status is renewed, a citizenship direction or what happens to the investment.

See recorded sources
  • Art. 16-bis(15)
    Il numero massimo di residenze elettive che possono essere concesse ogni anno è di 50 unità, esclusi i casi di cui ai commi 6 e 7.
  • Art. 16-bis(16)
    Trascorsi dieci anni dall’iscrizione nel registro della popolazione residente, la residenza elettiva si intende consolidata e pertanto cessano i divieti, obblighi e vincoli previsti

These are the answers currently recorded in the catalogue. A missing or partial answer is not an eligibility decision.

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