In an ever-evolving global landscape, international trade dynamics represent a key element for companies’ growth strategies. This week, our focus shifts to interesting news from the Republic of San Marino that could open new perspectives for export management, particularly to the United States.
San Marino: A “Favorable” Customs Rate
According to recent statements and confirmations, San Marino appears to benefit from a 10% customs tariff for exports to the United States. This rate, which corresponds to the minimum tax decided by the Trump administration, is significantly lower than that applied to exports from Italy and other European countries.
A Potential Competitive Advantage?
This situation is generating growing interest from numerous companies, not only Italian but also from other European states, which are evaluating the possibility of establishing an operational headquarters in San Marino to manage their exports. The potential competitive advantage derived from a tariff that is half that of other European countries is a factor not to be underestimated, especially for companies operating in sectors particularly exposed to the US market.
Business Interest and San Marino’s Reaction
The San Marino Chamber of Commerce is recording a significant increase in information requests from entrepreneurs interested in understanding the methods and convenience of opening a headquarters in the Republic. However, it is fundamental to emphasize that, to obtain the necessary certificate of origin and benefit from the favorable rate, a significant transformation of the product in San Marino is required. This implies that a significant part of the final production process must actually be moved to and carried out on San Marino territory. Simply opening a commercial office might not be sufficient.
The government of San Marino, while acknowledging the potential interest, specifies that each scenario will be evaluated carefully, prioritizing sustainability and the overall impact on the local economy, which remains closely interconnected with the Italian and European economies. The main strategy remains association with the EU, considered fundamental to guarantee stable and structured access to the single market.
What Does This Mean for Your Export Strategy?
This evolution in the international scenario could represent an opportunity to explore in order to optimize costs and improve the competitiveness of your exports to the United States.
Prima di un espatrio in uno dei molti Stati da noi proposti, organizziamo un appuntamento individuale.
L'appuntamento consiste nelle seguenti attività:
- analizzare le tue aspettative;
- valutare la tua situazione pre-espatrio ed eventuali criticità/ostacoli;
- stabilire la fattibilità del tuo trasferimento all'estero;
- individuare i pro e i contro della destinazione (una o più) in merito alle tematiche più varie: tassazione, affitti, costo della vita, clima, sicurezza, assistenza sanitaria, etc;
- programmare il percorso di trasferimento: tempistiche, modalità, costi.
