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San Marino More Than Doubles Income Requirements for Retiree Residency · IMI Podcasts

• 0:00
  SPEAKER_00: The Republic of San Marino has raised its minimum income requirements for foreign retirees seeking residency.
• 0:06
  SPEAKER_00: The government issued a new delegated decree on November twenty first, twenty twenty four, raising the minimum gross annual income requirement to 120,000 euros, a 140% increase from the previous 50,000 euros threshold.
• 0:22
  SPEAKER_00: For retirees who apply through savings, the minimum movable assets requirement rises to 500,000 euros from 300,000 euros.
• 0:31
  SPEAKER_00: The decree specifies new rules for rental agreements.
• 0:34
  SPEAKER_00: Family units or individuals sharing similar cohabitation relationships must hold exclusive preliminary rental contracts, which depend on residency approval.
• 0:44
  SPEAKER_00: While the exact rationale behind these changes remains unclear, reframed CEO Valentino Colletto notes that one of the factors that could have caused this raise is the increase in rents in the area, which has always been attributed to atypical residencies in San Marino.
• 1:01
  SPEAKER_00: He expects this update to result in Tatuit, 30 to 50% fewer residency applications.
• 1:08
  SPEAKER_00: Program benefits are residency in San Marino, preferential 6% tax rate on pension income, 10 years renewable, option to include family members, spouse dependent children up to 25, and path to permanent residency.
• 1:23
  SPEAKER_00: Its current requirements are an income of 50,000 euros a year or movable assets totaling€300,000, available to private sector retirees and excludes public pensioners.
• 1:35
  SPEAKER_00: Changes for the 2025 tax year are income requirement rises to€120,000 per year, asset requirement increases to€500,000, new rental rules require exclusive family contracts.
• 1:50
  SPEAKER_00: The decree also specifies new rules for rental agreements.
• 1:53
  SPEAKER_00: Family units or individuals sharing similar cohabitation relationships must hold exclusive preliminary rental contracts which depend on residency approval.
• 2:03
  SPEAKER_00: Property purchases remain an option as agreements are contingent on application approval.
• 2:09
  SPEAKER_00: The tax structure retains its existing framework.
• 2:12
  SPEAKER_00: Private sector retirees who obtain residency status pay a 6% tax rate on their pension income for 10 years.
• 2:20
  SPEAKER_00: Permanent residency can extend this preferential rate beyond the initial period.
• 2:24
  SPEAKER_00: Italian INPDAP public sector pensioners continue to face exclusion from these tax benefits.
• 2:31
  SPEAKER_00: The changes will apply to all applications submitted in the 2025 tax year.
• 2:37
  SPEAKER_00: Coletto confirms that requirements of the other residency routes are not expected to change.com.
• 2:50
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• 2:56
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