Business For Sale San Marino | Business For Sale Listings
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Get to Know About San Marino
With an area of 61 square kilometers, San Marino is the fifth smallest country in the world. Located in the northeastern side of the Apennine Mountains in Europe, the nation is completely surrounded by Italy. San Marino is home to an estimated 35,000 people.
San Marino has a strong economy, with the GDP (PPP) and Per capita income (PPP) being $2.09 billion and $60,651, respectively (official stats, 2017). The HDI is 0.875, which is one of the highest in the world. Also, with its proximity to Italy, people use Euro, so you have a strong currency backing you up. Adding on to that, the education and health systems are world-class.
Tourism is the main economic sector of San Marino. Additionally, finance (mainly banking), electronics and ceramics industries bring in considerable income. As you can see, San Marino is more of an ‘exotic’ type of market. There are a lot of potentials, but the competition and investment amount/ living costs are also very high. Taxes in San Marino are on the lower side.
For those who can invest heavy, especially in the tourism sector, San Marino might be their place. However, for those who want to target the local population, you need to remember that the population is small, and you have limited reach.