San Marino is now on the OECD’s white list!  But where is San Marino?  Why is San Marino coming to this part of the world? 

Briefly speaking:

San Marino situated in central Italy, 15 km from the Romagna Riviera. Each year the San Marino is visited by millions of tourists from Italy and from all over the world. Most visitors stay in hotels on the nearby Riviera: Rimini, Riccione, Cattolica, Milano Marittima and Cesenatico. Its legal and administrative systems form the basis of the most widespread form of government worldwide; namely, a democracy.

From the economy point of view, an interesting feature of the San Marino economic system is its fiscal policy. With the introduction of a fiscal policy in support of companies, the Republic of San Marino has, in fact, encouraged the development of its economy. The system contemplates direct taxation (IGRL and IGRP) and an indirect (single-phase) taxation. (http://www.sanmarinosite.com/).

For answers to the above question, some of us had been privileged to be invited for an informal chat session organized in Singapore (in December 2009) by the San Marino Government Agency and the Central Bank of San Marino, along with PB Corporate Services (as their local event partner).

 The objective for this informal meeting was to gather feedback from established professionals (from the financial services industry and tax and legal experts so that the new regulations that the San Marino Government is working on will be based on the real needs of global businesses and financial markets.

 The presentation was held at Singapore on 10 December 2009.

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