1. The First Step If you would like to sell your property, we highly recommend contracting the services of a licensed estate agent like Gabi Miguel Lda. 2. Agency Fees In Portugal, these are generally paid by the seller. The standard commission is 5% + VAT of the sales price. 3. Why Choose Us? –
Golden Residence for Investment Activity New legal provisions provide the possibility for those who pursue investment activities in Portugal to apply for a Residence Permit, for example, those who transfer capital, create jobs or acquire Real Estate. The holders of a Golden Residence Permit for the purposes of investment activity have the right to family
1. The Starting Point Once you have found a property that you want to buy, it is common practice to make the seller an offer through your estate agent. Once a price is agreed upon between the parties, you should appoint a lawyer to guide you through the buying process and sign a Promissory Contract
Seasonal medical outposts are back in action this weekend with 31 tourist beaches in the Algarve now covered by experienced medical staff. The objective is “to respond to less serious medical conditions that can be treated on the spot, or, where necessary, to refer the patient to a more appropriate nearby health unit,” explained an
On the 12th of March this year, AMAL, the Algarve municipalities association, has approved the creation of a region-wide tourist tax to be charged at the region’s hotels and other accommodation facilities. When it will be implemented and how much it will be has not yet been decided, though AMAL president Jorge Botelho says the
Tax basis Property Tax (“IMI – Imposto Municipal sobre Imóveis”) is computed on the tax registration value of urban and rural properties located in Portuguese territory. It is due by the owner, the usufructuary, or the holder of the surface right of a property with reference to 31 December of the year that it concerns.
Taxation of Non Residents and the Portuguese Non-Habitual Residence Scheme Do you want to retire in Portugal? Do you want to live in Portugal for a part of the year? The Portuguese non-habitual resident regime gives you the possibility to receive your pension or other income tax free! The Non Habitual Resident regime was introduced
After a long crisis, the Portuguese economy is finally on the rise and looking better than ever. An increase in tourism and a growth in foreign investment in companies, as well as real estate, has taken a significant role in Portugal´s financial stability. With Portugal being nominated the third safest country to live by the