Economic Overview, Oldest Sovereign Republic & European Commerce
San Marino combines Euro currency stability with independent sovereign tax regulations and manufacturing hubs.
Key Economic Sectors
- Financial Services & Banking: Sovereign banking, asset management, and payment services.
- Light Manufacturing & Ceramics: High-precision electronics, pharmaceuticals, and specialized manufacturing.
- Tourism & Numismatics: Historic tourism and international philatelic and coin trade.
Employment Contracts, Labour Legislation & Ufficio del Lavoro
Regulated by Sammarinese Labour Legislation.
- Written Contracts: Mandatory in Italian registered with the *Ufficio del Lavoro*.
- Probation Period: Maximum statutory probation is 3 months (up to 6 months for executives).
Working Hours, Leave & Social Security (ISS)
- Standard Hours: 36 to 40 hours per week (typically 37.5 hours/week).
- Annual Leave: Minimum 26 working days paid vacation per year.
- Public Holidays: 15 official national and Catholic religious holidays.
- Social Security (ISS): Employers contribute ~24.0%–28.0% and employees contribute ~7.0%–9.0% to the ISS.
Why Use an Employer of Record (EOR) in San Marino
- Rapid Market Presence: Onboard commercial managers and technical specialists in San Marino in days.
- ISS & IGR Compliance: Seamless management of ISS social contributions and local IGR tax filings.
Hiring in San Marino? Key Resources
Whether you are evaluating entity setup vs. using an Employer of Record, or looking for the best international payroll solution, our guides give you transparent benchmarks:
