Valsen Corporate

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. 
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