Deutsch
Italiano
HRsolution » COUNTRIES »
Population:
San Marino has a population of about 34,000 people (as of 2023). The population consists mainly of Sanmarinese citizens, but there is also a portion of Italian nationals living in the country.
Capital:
The capital of San Marino is San Marino City. It is located on Monte Titano, one of the three peaks in the region.
Economic Strength:
San Marino’s economy is based on services (mainly tourism and finance), industry, trade, and agriculture. The country’s GDP is approximately 1.55 billion USD (2023). San Marino greatly benefits from tourism, particularly visitors from neighboring Italy. There is also light industry and manufacturing, including textiles, furniture, and ceramics.
Culture:
San Marino has a rich culture, heavily influenced by Italian traditions. The old town of San Marino is a UNESCO World Heritage site. Traditions, music, and festivals are deeply rooted in the country’s history. Numerous museums, historical buildings, and annual festivals, such as the Feast of Saint Marinus on September 3rd, celebrate this heritage.
Currency:
Although San Marino is not a member of the European Union, it uses the Euro (EUR) as its official currency under an agreement with the EU. San Marino also mints its own Euro coins.
Health Insurance and Social Security System:
San Marino has a public healthcare system that provides universal access to medical services. The Istituto per la Sicurezza Sociale (ISS) manages the public healthcare and social security systems. Health insurance covers doctor visits, hospital stays, and necessary medications.
Employer Costs:
Employer contributions in San Marino are relatively high, as they must pay into the social security system. These contributions include payments for pensions, unemployment insurance, healthcare, and other social benefits. Social security contributions are approximately 30-40% of the employee’s gross salary.
Salary and Bonuses in San Marino:
In San Marino, salaries are paid in euros, and bonuses are often outlined in employment contracts, especially in sectors like finance and tourism.
Payroll:
Payroll in San Marino is similar to systems in other European countries. It includes gross salary, deductions for social security and taxes, as well as any bonuses. Tax rates are progressive, based on income.
Public Holidays:
San Marino has several public holidays, including:
- New Year’s Day (January 1st)
- Feast of Saint Agatha (February 5th)
- Independence Day (March 25th)
- Feast of Saint Marinus (September 3rd)
- Christmas (December 25th)
- Additional local and religious holidays.
Working Hours:
The standard workweek in San Marino is approximately 40 hours, spread over five days. The daily working hours usually range between 8 and 9 hours, depending on the industry.
Vacation:
Employees in San Marino are entitled to a minimum of 20 working days of paid annual leave. In addition, there are public holidays, during which employees typically do not work.
Sick Leave:
In case of illness or injury, employees are entitled to sick pay, provided by the employer for a certain period. After this period, San Marino’s social security system takes over the payments.
Termination/Severance Pay:
San Marino’s labor laws offer protections for employees in the event of termination. Severance pay is typically calculated based on the length of employment. Employees are entitled to a notice period, and unjustified terminations can lead to additional compensation.
San Marino is a small but highly developed country with a stable social system and strong labor rights protections. Its proximity to Italy and close economic ties with the EU also play a significant role in the country’s daily life and economy.