# San Marino Significantly Increases Income Requirements for Retiree Residency

Source: https://www.savoryandpartners.com/news/san-marino-increases-income-requirements-for-retiree-residency · Published: 2024-12-06 · Updated: 2026-09-10

Discover how doubling San Marino's Retiree Residency income requirements impacts taxes, property purchases, and residency applications. Is it good or bad?

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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](https://www.savoryandpartners.com/) remain unchanged.

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