San Marino Significantly Increases Income Requirements for Retiree Residency

The Republic of San Marino has substantially increased its minimum income requirements for foreign retirees seeking residency through a new Delegated Decree issued on November 21, 2024.

Key Changes of San Marino Retiree Residency for the 2025 Tax Year

• Minimum gross annual income requirement increased to €120,000 (up 140% from €50,000)
• Minimum movable assets requirement raised to €500,000 (from €300,000)
• New rental rules requiring exclusive "preliminary" rental contracts for families

The Program Maintains Its Core Benefits:

• Residency in San Marino
• 6% preferential tax rate on pension income (renewable after 10 years)
• Family member inclusion option
• Path to permanent residency

The tax structure remains unchanged, with private sector retirees paying a 6% tax on pension income for ten years, renewable through permanent residency. Italian INPDAP public sector pensioners remain excluded from these tax benefits.

These changes are expected to reduce residency applications by 30-50%. The increased requirements are partially attributed to rising rental costs in the area. The new regulations will affect all applications submitted in the 2025 tax year while other residency routes remain unchanged.

Property purchases continue to be an option for applicants, with agreements contingent on application approval.