Exploring the Unique Fiduciary Landscape of San Marino: Trusts, Taxation, and Wealth Management
In the latest episode of our podcast series, Trust Talks International, we delved into the unique world of fiduciary services and wealth planning in the Republic of San Marino. Known for its rich history and independent legal framework, San Marino has carved a distinctive path for trust establishment, offering exceptional transparency and compliance with international standards.
This episode explored the legal foundations, tax benefits, and the innovative structures available in San Marino for individuals and families seeking secure, efficient wealth management solutions.
San Marino: A Hidden Gem in Wealth Planning
Despite being one of Europe’s smallest countries, San Marino has a highly developed legal and tax system, especially when it comes to trusts and fiduciary services. Since 2005, San Marino has been one of the few countries with a Roman law tradition to allow the establishment of trusts, updated further with the comprehensive Law No. 42 in 2010. This progressive approach has been instrumental in making San Marino a preferred jurisdiction for individuals and businesses looking for secure, structured wealth management.
In Trust Talks International, we explored San Marino’s specialized Court for Trusts and Fiduciary Relations, which ensures that disputes are handled with expertise by a dedicated team of international specialists. This feature,
unique to San Marino, enhances the jurisdiction’s reputation for reliability and high standards. The combination of a favorable tax environment, a strong commitment to compliance, and legal structures designed for confidentiality has positioned San Marino as a trusted hub for wealth planning.
Key Highlights of San Marino's Trust Framework
- Favorable Taxation: Trusts in San Marino benefit from competitive tax rates, with an effective rate of 1.7% on trust income and favorable conditions for trusts holding property and investments.
- Legal Compliance: Fully compliant with OECD standards, San Marino is recognized for its commitment to transparency, which has led to its removal from Italy’s
"black list" of tax havens.
- Professional Oversight: San Marino’s laws mandate that trusts be managed by licensed trustees, ensuring each trust is overseen by qualified professionals dedicated to fiduciary integrity and transparency.
Why Consider San Marino for Your Trust?
Establishing a trust or company in San Marino offers access to a secure environment, favorable legal framework, and unique tax benefits tailored to preserve and protect wealth for generations. With strong ties to Italy and recognized
international standards, San Marino is an ideal choice for those looking to secure assets or plan for the future within a stable, structured jurisdiction.
If you’re considering setting up a trust or company in San Marino, we invite you to listen to the full episode of Trust Talks International for a comprehensive look at the advantages and opportunities this jurisdiction offers. Contact us today to learn more about how we can assist you in navigating the San Marino trust landscape and creating a personalized wealth management solution tailored to your unique needs.
