---
title: "San Marino Elective residence · property 2026: €500k+ needed"
url: https://settleanywhere.com/countries/san-marino/elective-residence-property/
lang: en
updated: 2026-10-12
---

San Marino · Investing

# San Marino Elective residence · property

**Investment needed:** €500k+ ≈ $559k

Elective residence: property purchase of EUR 500,000 (Art. 16-bis Law 118/2010)

Checked against official sources on 12 Oct 2026 [Change log](https://settleanywhere.com/changes/)

- **Investment needed:** €500k+ ≈ $559k (An investment of at least EUR 500,000 (≈ $559,000) · Purchase for consideration of a building or part of a building that is finished, to be renovated or in rough state, for own or family housing; up to EUR 150,000 of completion, renovation or demolition-and-rebuild costs can count. Completion and renovation work must meet the energy-upgrade rules of Law 48/2014, and a demolished and rebuilt unit must reach energy class A. A fee of EUR 1,000 (≈ $1,120) · Application fee that covers stamp duties and office rights. A fee of EUR 20,000 (≈ $22,300) · One-off payment for each secondary applicant such as a spouse or child.)
- **Who can apply:** Any passport
- **Work:** Yes (Private-sector work is allowed; public-sector jobs and state-participated bodies are barred until residence consolidates.)

## Key facts

Elective residence · property is an investing route for San Marino. Applicants need an investment of €500k+ ≈ $559k. You can work locally. Checked 2026-10-12 against the official source.

- **Money needed:** €500k+ ≈ $559k
- **Government fees:** €1,000 ≈ $1,120 · €20k ≈ $22k

## Cost, time and long term

To apply: 2 government fees listed below; investment €500k+ ≈ $559k. No lawyer or agent fee is included.

**Government fees: €1,000 ≈ $1,120 · €20k ≈ $22k**

- EUR 1,000 (≈ $1,120) Application fee that covers stamp duties and office rights.
- EUR 20,000 (≈ $22,300) One-off payment for each secondary applicant such as a spouse or child.

**Invested and held: €500k+ ≈ $559k**

- EUR 500,000 (≈ $559,000) Purchase for consideration of a building or part of a building that is finished, to be renovated or in rough state, for own or family housing; up to EUR 150,000 (≈ $168,000) of completion, renovation or demolition-and-rebuild costs can count. Completion and renovation work must meet the energy-upgrade rules of Law 48/2014, and a demolished and rebuilt unit must reach energy class A.

**Permanent residence: After 10 years of residence**

After 10 years the residence consolidates into ordinary registered residence with all related rights.

[Department of Foreign Affairs, Republic of San Marino](https://www.esteri.sm/pub1/EsteriSM/en/Servizi-per-utenza/Permessi-di-Soggiorno-e-Residenze.html)

**Citizenship: After 20 years of residence**

Naturalisation needs 20 continuous years of registered and effective residence in San Marino (10 years for spouses of citizens).

[Government of San Marino](https://www.gov.sm/pub2/GovSM/Situazioni-di-vita/Cittadinanza-per-naturalizzazione.html)

### What you'll need

#### Who can apply

- Applicant is a foreign national with no criminal conviction or pending case that bars a permit under Art. 17.
- Applicant makes and keeps the investment in their own name until residence consolidates after 10 years.

#### What you must show

- Purchase price of at least EUR 500,000 (≈ $559,000); up to EUR 150,000 (≈ $168,000) of completion, renovation or demolition-and-rebuild costs can count towards it, if the work meets the energy rules (energy class A for a rebuilt unit).
- A one-off payment of EUR 20,000 (≈ $22,300) for each secondary applicant.

#### Documents

- Valid travel document, certified as authentic by the official receiving the application.
- Certificate of residence, criminal record and pending charges, or equivalents, plus a sworn declaration on nationalities, residences in the last 5 years and tax compliance.
- Preliminary purchase contract subject to the grant of residence, and a bank certificate showing the funds are held and available.
- Proof that the applicant and relatives have enough resources to support themselves.
- Curriculum vitae.

#### Steps

1. Apply to the Department of Foreign Affairs with the receipt for the EUR 1,000 (≈ $1,120) application fee; the Congress of State decides within 60 days and the decision cannot be appealed.
2. A provisional stay permit of up to 6 months can be obtained while the residence application is processed.
3. The purchase deed pays registration tax of 8%; it must be completed within three months of the decision or residence is revoked.
4. No more than 50 elective residences are granted each year, not counting secondary applicants.

#### After you arrive

- Residence consolidates after 10 years on the register of residents and the restrictions end.
- Until then holders must carry private health insurance covering all risks and may not take public-sector jobs or state benefits.

## When you become tax resident

How San Marino decides tax residence and treats foreign-source income, from its tax records.

- **Tax residence:** A person is resident if registered residence in the State or actual residence there lasts for the majority of the tax period.
- **Income tax:** Tax residents are taxed on all income wherever produced under the general income tax (IGR) at progressive rates of 9% to 35% (Annex C of Law 166/2013); from tax year 2026 the EUR 9,000 (≈ $10,100) income deduction and the EUR 100 (≈ $110) tax credit no longer apply and a credit for SMaC card spending in San Marino applies instead.

[All tax rules for San Marino](https://settleanywhere.com/countries/san-marino/tax/) Tax records checked 12 Oct 2026

## What you need to arrange

- **Health insurance** Until then holders must carry private health insurance covering all risks and may not take public-sector jobs or state benefits
- **Police certificate and civil documents** Certificate of residence, criminal record and pending charges, or equivalents, plus a sworn declaration on nationalities, residences in the last 5 years and tax compliance

Taken from this route's requirements above. The authority's own list is the one that counts.

**Full official text**

Residence for a foreign national who buys a home in San Marino for at least EUR 500,000 (≈ $559,000) and keeps it until residence consolidates after 10 years. (sources 1, 2, 3, 4)

#### What you must show and pay

- An investment of at least EUR 500,000 (≈ $559,000) · Purchase for consideration of a building or part of a building that is finished, to be renovated or in rough state, for own or family housing; up to EUR 150,000 (≈ $168,000) of completion, renovation or demolition-and-rebuild costs can count. Completion and renovation work must meet the energy-upgrade rules of Law 48/2014, and a demolished and rebuilt unit must reach energy class A. (source 4)
- A fee of EUR 1,000 (≈ $1,120) · Application fee that covers stamp duties and office rights. (source 1)
- A fee of EUR 20,000 (≈ $22,300) · One-off payment for each secondary applicant such as a spouse or child. (source 1)

#### Requirements

- Applicant is a foreign national with no criminal conviction or pending case that bars a permit under Art. 17. (source 1)
- Applicant makes and keeps the investment in their own name until residence consolidates after 10 years. (source 1)
- Purchase price of at least EUR 500,000 (≈ $559,000); up to EUR 150,000 (≈ $168,000) of completion, renovation or demolition-and-rebuild costs can count towards it, if the work meets the energy rules (energy class A for a rebuilt unit). (source 4)
- A one-off payment of EUR 20,000 (≈ $22,300) for each secondary applicant. (source 1)
- Valid travel document, certified as authentic by the official receiving the application. (source 1)
- Certificate of residence, criminal record and pending charges, or equivalents, plus a sworn declaration on nationalities, residences in the last 5 years and tax compliance. (source 1)
- Preliminary purchase contract subject to the grant of residence, and a bank certificate showing the funds are held and available. (source 1)
- Proof that the applicant and relatives have enough resources to support themselves. (source 1)
- Curriculum vitae. (source 1)
- Apply to the Department of Foreign Affairs with the receipt for the EUR 1,000 (≈ $1,120) application fee; the Congress of State decides within 60 days and the decision cannot be appealed. (source 1)
- A provisional stay permit of up to 6 months can be obtained while the residence application is processed. (source 1)
- The purchase deed pays registration tax of 8%; it must be completed within three months of the decision or residence is revoked. (source 1)
- No more than 50 elective residences are granted each year, not counting secondary applicants. (source 1)
- Residence consolidates after 10 years on the register of residents and the restrictions end. (source 1)
- Until then holders must carry private health insurance covering all risks and may not take public-sector jobs or state benefits. (sources 1, 2)

#### Stay

- Registered residence; it consolidates into ordinary registered residence after 10 years.
- Elective residence up to 120 months: Investment kept until consolidation after 10 years

#### Work

Private-sector work is allowed; public-sector jobs and state-participated bodies are barred until residence consolidates.

#### Family

Spouse and children up to 25 can be added as secondary applicants under Art. 16(3-bis) of Law 118/2010.

Checked 2026-10-12

## Official sources

1. [Law 118/2010 on entry and stay of foreigners, consolidated text updated to 9 April 2024](https://www.esteri.sm/pub1/EsteriSM/en/dam/jcr:38eabe03-3e2f-44f3-a498-a5421388ddcf/2024_04_09%20Testo%20coordinato%20residenze%20(SENZA%20NOTE).pdf) · Department of Foreign Affairs, Republic of San Marino · checked 2026-10-11
2. [Stay permits, residence and citizenship](https://www.esteri.sm/pub1/EsteriSM/en/Servizi-per-utenza/Permessi-di-Soggiorno-e-Residenze.html) · Department of Foreign Affairs, Republic of San Marino · checked 2026-10-11
3. [Permessi di soggiorno, residenze e cittadinanza (Italian index with forms and checklists)](https://www.esteri.sm/pub1/EsteriSM/Servizi-per-utenza/Permessi-di-Soggiorno-e-Residenze.html) · Department of Foreign Affairs, Republic of San Marino · checked 2026-10-11
4. [Law 118/2010 on entry and stay of foreigners, coordinated text updated to 3 June 2025](https://www.consigliograndeegenerale.sm/on-line/documento17084094.html) · Consiglio Grande e Generale of San Marino · checked 2026-10-11
5. [Cittadinanza per naturalizzazione (FAQ on residence years)](https://www.gov.sm/pub2/GovSM/Situazioni-di-vita/Cittadinanza-per-naturalizzazione.html) · Government of San Marino (GOV.SM) · checked 2026-10-11

## Elective residence · property and its alternatives

| Route | Money needed | Stay | Work |
| --- | --- | --- | --- |
| Elective residence · property | Needs an investment of €500k+ ≈ $559k | – | Yes |
| [Elective residence · deposit](https://settleanywhere.com/countries/san-marino/elective-residence-deposit/) | Needs an investment of €600k+ ≈ $670k | – | Yes |
| [Donation residence](https://settleanywhere.com/countries/san-marino/residence-donation/) | – | – | – |
| [Investor residence](https://settleanywhere.com/countries/san-marino/economic-residence-investor/) | – | – | – |
| [Strategic project residence](https://settleanywhere.com/countries/san-marino/residence-strategic-project/) | – | – | – |

## Questions people ask

### How much money do I need for the Elective residence · property?

An investment of at least EUR 500,000 (≈ $559,000). Purchase for consideration of a building or part of a building that is finished, to be renovated or in rough state, for own or family housing; up to EUR 150,000 (≈ $168,000) of completion, renovation or demolition-and-rebuild costs can count. A fee of EUR 1,000 (≈ $1,120). Application fee that covers stamp duties and office rights. A fee of EUR 20,000 (≈ $22,300). One-off payment for each secondary applicant such as a spouse or child.

### How long can I stay on the Elective residence · property?

Registered residence; it consolidates into ordinary registered residence after 10 years.

### Can I work on the Elective residence · property?

Yes. Private-sector work is allowed; public-sector jobs and state-participated bodies are barred until residence consolidates.

### Can I bring my family on the Elective residence · property?

Spouse and children up to 25 can be added as secondary applicants under Art.

### Does the Elective residence · property lead to permanent residence in San Marino?

Time on the Elective residence · property counts toward permanent residence in San Marino, which the rules allow after 10 years of residence. Time on the Elective residence · property counts toward citizenship, which the rules allow after 20 years of residence.

### How are Elective residence · property holders taxed in San Marino?

No special regime in our records is tied to the Elective residence · property. The standard rules apply: Tax residents are taxed on all income wherever produced under the general income tax (IGR) at progressive rates of 9% to 35% (Annex C of Law 166/2013); from tax year 2026 the EUR 9,000 (≈ $10,100) income deduction and the EUR 100 (≈ $110) tax credit no longer apply and a credit for SMaC card spending in San Marino applies instead. Non-residents are taxed only on income produced in San Marino.

## More in San Marino

[Recognised merit residence](https://settleanywhere.com/countries/san-marino/residence-recognised-merit/) [Working Holiday](https://settleanywhere.com/countries/san-marino/working-holiday/) [Atypical residence](https://settleanywhere.com/countries/san-marino/atypical-residence-tax/) [Pensioner residence](https://settleanywhere.com/countries/san-marino/atypical-pensioner/) [Company owner residence](https://settleanywhere.com/countries/san-marino/economic-residence-company/) [Entrepreneur permit](https://settleanywhere.com/countries/san-marino/entrepreneur-permit/) [Key manager residence](https://settleanywhere.com/countries/san-marino/residence-key-manager/) [Seasonal work permit](https://settleanywhere.com/countries/san-marino/work-seasonal/)

## Investment visas elsewhere

[🇵🇹 Golden Visa · €250k arts](https://settleanywhere.com/countries/portugal/ari-arts-250k/) [🇬🇪 D5 · Property over $150k](https://settleanywhere.com/countries/georgia/d5-real-estate-residence/) [🇮🇹 Investor Visa · €1M donation](https://settleanywhere.com/countries/italy/investor-philanthropy-1m/) [🇬🇷 Golden Visa · Heir of property](https://settleanywhere.com/countries/greece/golden-visa-inherited-property/) [🇫🇷 Talent · €300k investment](https://settleanywhere.com/countries/france/talent-economic-investment/) [🇨🇾 PR · €300k fund units](https://settleanywhere.com/countries/cyprus/invest-fund-units/)

≈ USD figures are approximate: daily reference rates from ExchangeRate-API, dated 12 Oct 2026, refreshed when the site is updated.

## How this was checked

**Checked on 2026-10-12 against 5 official sources.** Status: verified against the official sources.

Every figure on this page comes from the official source it links to. The record was researched against these sources, then reviewed separately, with special attention to effective dates and amendments. Where a source does not state something, the page leaves it out.

1. [Law 118/2010 on entry and stay of foreigners, consolidated text updated to 9 April 2024](https://www.esteri.sm/pub1/EsteriSM/en/dam/jcr:38eabe03-3e2f-44f3-a498-a5421388ddcf/2024_04_09%20Testo%20coordinato%20residenze%20(SENZA%20NOTE).pdf) · Department of Foreign Affairs, Republic of San Marino · checked 2026-10-11
2. [Stay permits, residence and citizenship](https://www.esteri.sm/pub1/EsteriSM/en/Servizi-per-utenza/Permessi-di-Soggiorno-e-Residenze.html) · Department of Foreign Affairs, Republic of San Marino · checked 2026-10-11
3. [Permessi di soggiorno, residenze e cittadinanza (Italian index with forms and checklists)](https://www.esteri.sm/pub1/EsteriSM/Servizi-per-utenza/Permessi-di-Soggiorno-e-Residenze.html) · Department of Foreign Affairs, Republic of San Marino · checked 2026-10-11
4. [Law 118/2010 on entry and stay of foreigners, coordinated text updated to 3 June 2025](https://www.consigliograndeegenerale.sm/on-line/documento17084094.html) · Consiglio Grande e Generale of San Marino · checked 2026-10-11
5. [Cittadinanza per naturalizzazione (FAQ on residence years)](https://www.gov.sm/pub2/GovSM/Situazioni-di-vita/Cittadinanza-per-naturalizzazione.html) · Government of San Marino (GOV.SM) · checked 2026-10-11

Tracked since 2026-10-10. Rule changes and corrections are listed on the [changes page](https://settleanywhere.com/changes/), and the [methodology page](https://settleanywhere.com/methodology/) explains how facts are checked. Found something out of date? Email [contact@stayglobe.app](mailto:contact@stayglobe.app?subject=Correction) with a link to the official source.