San Marino Residence three parallel routes

Three different laws — not one range

Each route has its own legal basis and payment structure; the business route additionally has a build-up phase for the deposit, not a fixed flat threshold.

ROUTE

LEGAL BASIS

THRESHOLD

Elective Residency (real estate)

LEGAL BASISLaw 94/2017

from €500,000 (or a plot from €350,000 + up to €150,000 for completion)

Government bonds

LEGAL BASISthe same Elective Residency framework

an interest-free deposit from €600,000 for 10 years

Business Investment Residency

LEGAL BASISLaw 115/2017

from €75,000 at the start → must grow to €150,000 within 2 years

What the process consists of

Beyond the investment itself — mandatory application fees and health insurance, which are not part of the investment threshold.

COST ITEM

AMOUNT

NOTE

Application fee (real estate)

AMOUNT€1,000 + €20,000 per family member

Elective Residency

Application fee (government bonds)

AMOUNT€1,000 + a one-time €10,000 payment

the alternative route

Monthly healthcare/social-security contribution

AMOUNT≈€350 per person

across all routes

Minimum insurance

AMOUNT€50,000 per person

across all routes

How the process runs

Choosing a route: real estate, government bonds, or business

Two different legal frameworks (Law 94/2017 and Law 115/2017) with different payment structures.

For the business route: a deposit from €75,000 at the start

A commitment to bring it up to €150,000 within 2 years.

Holding at least 51% of the company

Business route only.

Hiring 1 to 3 local residents full-time

Depending on sector incentivisation, business route only.

Arranging health insurance and paying monthly contributions

Healthcare and social security — about €350 per person per month, across all routes.

A good fit if

You're ready for the business route's deposit — starting from €75,000, growing to €150,000 within 2 years — and holding at least 51% of the company.

You're considering the alternative — real estate from €500,000, or an interest-free deposit from €600,000 for 10 years in government bonds.

You're prepared to hire 1 to 3 local residents full-time under the business route.

A monthly healthcare contribution of about €350 per person and €50,000 minimum insurance work for you.

A poor fit if

You expect €150,000 to be a lump sum for the business route — per the available data it's a 2-year growth target from a €75,000 starting deposit.

You're not prepared to hold at least 51% of the company and hire local staff under the business route.

You need a clearly, officially stated permit duration — the sources don't provide this detail.

You need an explicit, officially confirmed path to citizenship — the available sources don't detail one.

Who runs this programme

Your request goes to two or three firms from this list. You see exactly which ones before it is sent, and you can exclude any of them.

Henley & Partners

Лондон, Великобритания · since 1997

The largest advisory firm in the industry — over 70 offices worldwide; also advises governments on designing migration programmes.

NTL Trust

Карибский регион (офисы в Латинской Америке, Европе, на Ближнем Востоке и в Азии) · since 1994

30+ years in citizenship and residence by investment, officially accredited by several Caribbean governments; also trust and corporate services.

Arton Capital

Монреаль, Канада · since 2006

Global financial advisory firm specialising in residence and citizenship by investment.

Astons

Дубай, ОАЭ (основана в Лондоне) · since 1989

One of the oldest firms in the market, over 9,000 clients from 100+ countries; Golden Visa, citizenship and RBI worldwide.

La Vida Golden Visas

Лондон, Великобритания · since 2002

Over 20 years of experience, clients from 160+ countries; specialises in Portugal’s Golden Visa and other EU programmes.

Savory & Partners

Дубай, ОАЭ · since 2009

Over 70 specialists across 8 offices on three continents, 20+ jurisdictions, over 11,000 clients.

Global Citizen Solutions

Лондон, Великобритания / Лиссабон, Португалия · since 2016

Global mobility consultancy with a Lisbon office; specialises in Portugal’s Golden Visa and Spain’s Non-Lucrative Visa.

This is an independent list of firms in the market, not our partners — we do not forward requests to them or receive payment for referrals. Contact them directly via the link.

Frequent questions

So is it €75,000 or €150,000 for the business route?

Per the available data, the deposit starts at €75,000 but must grow to €150,000 within 2 years — a build-up phase, not a lump sum; some sources simplify this to a single €150,000 figure, which is imprecise without noting the starting threshold and the growth window.

Can I choose real estate instead of the deposit?

Yes — per the available data, real estate from €500,000 (or a plot from €350,000 plus up to €150,000 for completion) is a separate route under Law 94/2017.

What is the government-bonds route?

Per the available data — an interest-free deposit from €600,000 that must remain on account for 10 years, in state securities or government-established funds.

Do I need to hire local staff?

Yes, but only under the business route — per the available data, 1 to 3 local residents full-time, depending on sector incentivisation.

Is there a stated path to citizenship?

No — per the available data the sources don't detail permit duration, a path to citizenship, or a dual-citizenship policy for these routes.

Sources

Studio Gatti (a San Marino law firm) — overview of residence routes: Elective Residency under Law 94/2017 (real estate from €500,000, or a plot from €350,000 + up to €150,000 for completion; fee €1,000 + €20,000/family member), the government-bonds alternative (an interest-free deposit from €600,000 for 10 years; fee €1,000 + €10,000), Business Investment Residency under Law 115/2017 (a deposit from €75,000 at the start, required to grow to €150,000 within 2 years; holding at least 51% of the company; hiring 1–3 local staff). Monthly healthcare contributions (≈€350/person) and minimum insurance of €50,000/person apply across all routes↗

Figures are for reference only. Verified against official sources on 27 August 2026. A precise quote is issued by the appointed firm after document review. This material is not legal advice, a public offer or investment advice.