The most important events that display the culture of the Republic are Medieval Days, The Anniversary of the Arengo, Investiture of 'Captain's Regent’ , 'Palio della Balestra Antica', The Etno Festival.
San Marino has the political framework of a parliamentary representative democratic republic: the Captains Regent are the heads of state, and there is a pluriform multi-party system. Executive power is exercised by the government. Legislative power is vested in both the government and the Grand and General Council. The judiciary is independent of the executive and the legislature.
San Marino has a population of approximately 33,000, with 4,800 foreign residents, most of whom are Italian citizens.