San Marino Trust

San Marino is a civil law country, probably one of the purest remaining: no civil code has ever been enacted and ius commune is still at the basis of its legal system. Ius commune is the common law that prevailed throughout Europe before the codes. In San Marino’s law, save when a specific matter is governed by statute, ius commune applies. It was on this historical foundation that San Marino built its statute of March 1 2010, No 42 on trusts (the “Trust Law”). The Trust law is a completely new law, totally revising the trust law previously in force (March 17 2005, no. 37), enacted after the ratification of the Hague Convention on the Law Applicable to Trusts and on their Recognition of July 1 1985 (the “Hague Trust Convention”)
San Marino Trust Legal Requirements

San Marino Trust	Corporate Details
General
Type of entity	Trust
Change of Domicile permitted	Yes
Registered Office	Yes
Duration	100 Years
Corporate Officers	Minimum of 2
Restriction on Investment of Trust asset	No
Exchange control	None
Succession	As per Trust Deed
Settlor	Must be non-resident of San Marino
Property	No property situated in San Marino can be part of the Trust asset
Forced heirship applicable	No
Trust asset
Restriction on type/amount	No, except property situated in San Marino
Trustee
Minimum number	1 if corporate and 2 or more if not corporate
Qualification	Minimum one San Marino resident
Accounts
Requirement to file	No
Publicly accessible	No

 San Marino Trust Tax Treatments
San Marino Trust is not subject to tax on foreign sourced income.
San Marino Trust Duration for Set up
Around 4 Weeks
San Marino Trust Distinctive Benefits

• San Marino Trust is not subject to tax on foreign sourced income.
• Has a duration of 100 years with an option of renewal.
• San Marino has no exchange controls restrictions. 

The Valsen Advantage

1. End to end comprehensive service
2. Speedy and efficient service
3. Expert advice on structuring options
4. Dedicated ongoing compliance support
5. Extensive network pool of service providers