Legal representation and assistance is particularly necessary in Portugal when purchasing or selling property. This process demands different degrees of participation by the various parties involved:
The lawyer will ensure that all parties are appropriately coordinated and followed up, and will perform an investigation to ensure that the property is purchased without any previous charge or liability that could incur additional costs or reduce the property’s value.
We provide all the services to clients who are buying and/or selling property in Portugal, to help clients all the mandatory elements necessary to a safe transaction (calculate budget from the outset; assist clients in putting them in touch with local estate agents, local banks and mortgage brokers, etc).
– preparation of the power of attorney for individuals abroad (duly legalized and translated) which give authority to a physical person/s to act on behalf of the buyers;
– securing previous payment of the relevant taxes associated with the purchase;
– securing payments are made within the time and in the necessary form (in Portugal you usually complete the purchase by way of a bank check that secures real payment; you also pay directly to the vendor in the moment you buy);
Tip: If you are thinking of moving to Portugal or spending large amounts of time there, you may want to consider if you could apply for Portugal’s Non-Habitual Resident Tax program which could eliminate your income tax liability!