San Marino (SM)

Jurisdiction Overview

IDQuestionAnswer
470 *LO Record: Does the registration of domestic companies comprise legal owner's identity information? All LO: Yes, all companies require recording of all legal owners.
 Data Date: 2018

Notes

 
The Global Forum mentions: "[...] the Company Law provides that for every company incorporated in San Marino, the memorandum of association must be a public deed (Article 18 of Law no. 47/2006). The notary who has received the memorandum of association by the founding members, after having verified that the conditions established by the law have been fulfilled, deposits a certified copy thereof with the Court Registry within 30 days. After being entered in the Register, the company acquires legal personality, which continues until the company is struck off the Company Register. The memorandum of association contains information on the identity of legal owners and also contributions made by them to the capital." (GF 2018: 28). The Global Forum added in 2013: "In addition to the Register of Companies, the Commercial Registry of the Single Court maintains, as per Congress of State Decision No 55/2009, a separate electronic database detailing historical information on the identification data of shareholders of limited liability companies and joint stock companies registered in San Marino. This database records the shareholders' names, biographic data, including residence and the percentage of capital stock held by them in each of the companies where the shareholder holds shares" (GF 2013: 22-24).

Sources

GF 2018: 27-30
 
GF 2013: 23-25