The ISO code of San Marino is SM according to the ISO 3166 standard. The local name of the country is the same as its English name. San Marino capital city is San Marino. People in San Marino speak the Italian language. In the year 1945, San Marino emerged as a sovereign political entity. The largest cities in San Marino are San Marino, Serravalle, Borgo Maggiore.
San Marino is located in the UTC +01:00 time zone, which is also called Central European Time or CET. The internet country code top-level domain (ccTLD) for San Marino is .sm. The International dialing code for San Marino is 378. People in San Marino drive on the right side of the road. Total land area of San Marino is 61 km² (approx. 24 mi²). San Marino is a landlocked country.
San Marino is located in Europe. San Marino is considered to be a developed nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life.
Doing business in San Marino
We offer various corporate services in San Marino jurisdiction. These services can serve both, people coming from San Marino and foreigners. If you plan on doing business in San Marino you might be interested in contacting us.
To find out about starting your business in San Marino click on company formation in San Marino.
To find out how to open a bank account in San Marino and moreover what type of account Confidus Solutions suggests to create, please click on bank account in San Marino.
Choose preferred service below or continue reading to find out more about San Marino.
Demographics of San Marino
The total population of San Marino is 33,557 people. In San Marino, the population density is 531 people per square kilometer (1,381 per square mile). Because of this statistic, this country is considered to be very densely. The ethnic diversity is diverse according to a fractionalization scale which for San Marino is 0.2927. San Marino has approximately 4717 foreign immigrants. The median age is approximately 43.6 years. In San Marino, 50.88 in every 100 people use internet.
The majority religion of San Marino is Christianity, San Marino is considered to be a developed nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Click on a link to read more on demographics of San Marino.
Culture of San Marino
People in San Marino speak the Italian language. According to data on inbound tourists in San Marino, 70,000 tourists arrive in the country each year. The first McDonalds in San Marino was opened on 6 July 1999, and it was located in Borgo Maggiore. One of the most popular national dishes of San Marino is torta tre monti. To read more click on culture of San Marino.
Geography of San Marino
San Marino is considered to be a large nation because of its total area. Its total land area is 61 km² (approx. 24 mi²). San Marino is located in Europe. Its capital city is San Marino. The length of said border is 39 km (24 mi).Total length of land borders of San Marino is 37 kilometers (~14 miles).
The highest point of San Marino is Monte Titano, with its official height being 755 m (2,477 ft). Including land mass and EEZ, the total area of San Marino is approximately 61 km² (~24 mi²). As for natural resources, San Marino is known for its building stone.To read more click on geography of San Marino.
Economy of San Marino
The currency of the country is euro. The symbol used for this currency is €, and it is abbreviated as EUR. 8% of population in the country are unemployed. The total number of unemployed people in San Marino is 2,685. Each year, San Marino exports around $3.83 billion and imports roughly $2.55 billion. The Gini Index of the country is 34.56. San Marino has a government debt of 25.8% of the country's Gross Domestic Product (GDP), as assessed in 2013. San Marino is considered to be a developed nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Major industries in the country are tourism, banking, textiles, electronics, ceramics, cement, wine.
The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in San Marino is $1,914 billion. Each year, consumers spend around $630 million. The ratio of consumer spending to GDP in San Marino is 0%, and the ratio of consumer spending to the world consumer market is 0.0018. The corporate tax in San Marino is set at 17%. Personal income tax ranges from 12% to 50%, depending on your specific situation and income level. VAT in San Marino is 17%. To read more click on economy of San Marino.
Infrastructure of San Marino
In San Marino, 100% of the population has access to electricity. There are 11,015 internet hosts in San Marino. San Marino has 1 airports nationwide.
The number of road motor vehicles per 1000 inhabitants in San Marino is 238. To read more click on infrastructure of San Marino.
Politics of San Marino
San Marino, is a unitary parliamentary constitutional republic. With regard to political and civil freedoms, San Marino is 1. Citizens in San Marino experience total freedom. The majority of countries in which citizens enjoy expansive civil liberties and political freedoms are representative democracies, in which officials are directly elected by citizens to advocate for their needs and desires. Free countries are often bolstered by healthy economies and high-functioning governments. The head of the government is Mirko Tomassoni.
In San Marino, the legislative power is vested in a Grand and General Council. The strength of legal rights index for San Marino is 1. Overall, it is considered to be rather weak - bankruptcy and collateral laws are unable to protect the rights of borrowers and lenders in case of credit-related complications; credit information, if any at all, is scarce and hardly accessible. San Marino is a member of the United Nations (UN). On 2 March 1992, it joined the UN as a full member state. San Marino is a member of the World Bank. To read more click on politics of San Marino.
Environment of San Marino
1 km² of San Marino's territory is covered in forests. and forest land comprises 2% of all the land in the country. The number of road motor vehicles per 1000 inhabitants in San Marino is 238. To read more click on environment of San Marino.
Company formation in San Marino
The development of telecommunications and economic globalization has made it possible for interested investors to form companies around the world. With proper research, financial investments, and legal backing, business ventures can safely be established in San Marino.
When establishing a company in San Marino, an interested investor must do due diligence with regard to legal processes, international regulations, and sufficient investment for success. It is critical to understand cultural, social, and political factors of San Marino that will affect the establishment and growth of one's business. Contact us or click on company formation in San Marino to read additional information when setting up a business.
Bank account opening in San Marino
With the right paperwork and initial outlay, it is possible for a foreign citizen to open a bank account in San Marino. This opportunity for international accounts and investments offers several advantages based on economic regulations and tax structures. Interest rates and fees vary depending on your interests.
When considering opening a bank account in San Marino, one must enlist the help of international experts to guide them through the process. To find out more about our banking services click on bank account in San Marino or contact us.