Portuguese legal provisions open up the possibility of applying for a residence permit for pursuing investment activities to those who have entered the country regularly (e.g. holders of valid Schengen Visas, or beneficiaries of Visa exemption), by acquiring real estate.
The holders of Golden Residence Permits for Investment Activity have the right to family regrouping, and may gain access to a permanent residence permit, as well as to Portuguese citizenship in accordance to the current legal provisions.
Third country nationals who either carry out investment activities personally or through a company that lead to, as a rule, the following situation in Portuguese territory for a minimum period of five years:
An online request can be made at www.sef.pt. Requests can also be made at Portuguese diplomatic posts and consulates overseas, or at the central or regional offices of the foreigners and borders service.
For the purposes of renewing a residency permit, you may have to show that you have resided in Portuguese territory for a minimum period of 7 days, either consecutively or non-consecutively, during the first year, and 14 days in subsequent two year periods.
Property may:
The holders of Golden Residence Permits for Investment Activity have the right to family regrouping, and may gain access to a permanent residence permit, as well as to Portuguese citizenship in accordance to the current legal provisions.
THIS INFORMATION IS NOT INTENDED TO BE A SUBSTITUTE FOR CONSULTING THE APPLICABLE LEGISLATION.
Source: Serviço de Estrangeiros e Fronteiras
benefits:
Taxation of income earned in Portugal:
Taxation of income obtained abroad:
Exemption from taxation on income earned abroad for:
THIS INFORMATION IS NOT INTENDED TO BE A SUBSTITUTE FOR CONSULTING THE APPLICABLE LEGISLATION.
Source: Ministério dos Negócios Estrangeiros, Portal das Comunidades Portuguesas.
After choosing your new home in Portugal, all that remains, if necessary, is to find the best mortgage loan for your home in Portugal.
There are essentially three types of Home Loans in Portugal to buy a house:
Contact our partner CC Team to receive a funding proposal.
www.ccteam.pt
A CC Team Crédito Consigo is a Linked Credit Intermediary, registered at Banco Portugal with the code 6519, specializing in the provision of credit intermediation and consultancy services.
First, keep in mind that just by simulating the various bank offers, you'll be able to compare and see which one best suit your portfolio.
Once you have identified the institution at which you want to take out your credit, you will have to present certain documents for the bank to analyze your process. If you do not reside in Portugal and intend to buy a house in Portugal, make sure that the following documents are up to date and in order, as you will have to accompany them when applying for the mortgage loan:
In case of approval, you will be provided with a proposal by the financial institution accompanied by FINE (STANDARDIZED INFORMATION SHEET), prior to the signing of the contract. In it you can see all the features of the credit agreement, as well as a table with the detailed financial plan of the loan, indicating all monthly installments until the end of the loan term.
The contracted banking institution will assess the property to be financed in order to determine its real value. It is based on this value that the bank will determine the percentage of financing it will be willing to assume.
Between the visit to the house and the signing of the deed, there is always a period of request and subsequent approval of the mortgage loan by the bank, which can last a few weeks.
Although not mandatory, the Promissory Contract for Purchase and Sale (CPCV) is a document signed between buyers and owners, which safeguards the rights and establishes the duties of both parties in the business until the signing of the definitive contract: the public deed of purchase and sale.
Legally, with the signature of the CPCV, the buyer acquires the real right to acquire the property in question, regardless of who its owner at the time is. Basically, the CPCV is a guarantee to stakeholders that the deal will take place.
As this is the last step in the acquisition of a property, it is truly the moment when you acquire the house and become its legal owner. The deed of purchase and sale of the home can be done at the Notary Office, Land Registry Office or at one of the Casa Pronta service counters and both the buyer and seller are required to be present.
In the case of recourse to mortgage loans by the buyer, it is precisely upon the conclusion of this contract that the bank releases the amount necessary to pay the property to the seller.
Note that all deed costs are fully borne by the home buyer. The deed itself (the document itself) is not too expensive, but it adds a series of taxes that those who are going to buy the house must pay, in addition to the expenses associated with the mortgage loan:
This ends the process of acquiring a home using Mortgage Loans.
This is such an important decision in anyone's life that they will want to be as informed as possible in time.
It consists of a set of incentives, mainly of a tax nature, granted with the objective of attracting inward investment into Madeira.
The International Business Centre of Madeira comprises the following main areas of activity:
Favorable operational and fiscal conditions are offered in the context of a preferential tax regime, fully recognized and approved by the European Commission.
The International Business Centre of Madeira is therefore fully integrated in the Portuguese and E.U. legal systems and, as a consequence, it is regulated and supervised by the competent Portuguese and E.U. authorities in a transparent and stable business environment, marking a clear difference from the so-called “tax havens” and “offshore jurisdictions”, since its inception.
The present tax regime is outlined in Article 36º-A of the Portuguese Tax Incentives Statute.
Among other tax benefits, international companies licensed to operate in the Madeira International Business Center benefit from the Corporate Income Tax rate of 5% and exemption from withholding tax on payments to non-residents.
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