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Finance and Law

Your guide to the financial and legal matters involved in purchasing real estate in Portugal.

Mortgages

If you are a foreign investor looking to finance your property purchase partly with a Portuguese mortgage, there are many options available to you. From a Home Mortgage, Equity Release, Overseas Mortgage and Buy to Let Mortgages.

We have a financial advisor on hand who can assess your needs, explain all the products on offer and ultimately find the right choice for you. Send us an inquiry in the form below and our team will contact you.

Fiscal Representation and Opening a Bank Account in Portugal

In order to purchase property in Portugal, you are required to appoint fiscal representation, open a Portuguese bank account and have a fiscal number.

Your fiscal representative will be the middle man between you and the Portuguese tax department and is appointed to ensure that you comply with all your Portuguese tax obligations. Our fiscal department can take care of your tax returns, VAT returns, council tax payments, issuing receipts and your every responsibility with the Portuguese Finance Department.

We can also facilitate your bank account opening and arranging your fiscal number. We understand that a lot of our clients are foreign investors so it may seem daunting to open a bank account in Portugal. Rest assured, our team is well versed in the process and is available around the clock to assist you.

Taxes in Portugal

Purchasing real estate includes associated costs such as taxes and stamp duty. We recommend that investors budget for around 10% of the investment cost to go toward these extras.

• Municipal Real Estate Transfer Tax for a €500,000 investment is approximately 6%.
• Stamp Duty is 0.8% of the value of the above Municipal Real Estate Transfer Tax.

Maintenance of real estate may incur an annual Municipal Property Tax:
• Urban property - annual rate between 0.3% to 0.5%, depending on the location of the property.
• Agricultural property - annual rate of 0.8%.

If you decide to rent out your property, you will incur Rental Tax at a flat rate of 15%. This is withheld at the source and is calculated after you have deducted your maintenance costs and related expenses such as insurance premiums, repair costs, and municipal tax.

Legal Advice​

Purchasing and selling property typically involves checking and preparing numerous legal contracts, property licenses, and other miscellaneous documents. Having expert legal advice from professionals knowledgable in Portuguese and international property law is a must.

We work closely with a number of trusted legal professionals with extensive experience in assisting international clients, The professionals we work with are efficient, responsive and have a great reputation in guiding clients through the Portuguese legal process. We’d be happy to assist you in any we can, from recommending trusted experts to requesting documents from the seller to make the process as seamless and as easy for you as possible. Send us an inquiry in the form below and we’ll have a legal property expert contact you shortly.

Enquire now to get in touch with a member of our team.

Purchasing property in Portugal can provide a wealth of opportunities for business and leisure. We offer a complete service to buyers, regardless of whether you’re interested in the Golden Visa, NHR, Investment or a sun-soaked holiday home. 

Let our experienced real estate team find you the perfect real estate in Portugal that matches your needs and budget while our international legal team will take all the stress out of the paperwork. And our services don’t just end once you have the title deed – Our experienced property management team can also maintain your investment, whether you rent, renovate, or enjoy your property as a holiday home. With over a decade of experience in the Portuguese real estate industry, you can trust us to know all the ins and outs.