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Property purchase management in Portugal

Our team specializes in managing the purchase of properties in Portugal and gives the investor a service from A to Z.
If you wish, the management of the purchase of the property can be conducted entirely without the presence of the investor in Portugal. With the help of a lawyer who has been given a power of attorney to act and sign on behalf of the investor.

The management of the property purchase begins with the collection of documents in Israel for translation and verification. After that, the treatment goes to the office in Portugal for the purpose of building the infrastructure with the authorities. And finally, after the location, the management phase of purchasing the specific property begins.

Building infrastructure in front of the local bureaucracy
In order for you to be able to purchase property and become an active investor in Portugal, it is necessary to go through a precise bureaucratic process which we will manage for you.
At the end of the process you will be registered as a private entity that can make investments in Portugal.
You will have:

  • Fiscal number in your name (NIF – Número de Identificação Fiscal). The NIF number, which is actually a type of Portuguese ID number that will allow you to conduct business in Portugal, even if you are not citizens of the country.
  • Bank account in your name.
  • Confirmation in principle from the bank for the amount the mortgage, if necessary.

Purchase Management Process

  • An in-depth and accurate inquiry with the investor about the property he wants.
  • Location of the property.
  • Negotiate with the seller.
  • Signature of a declaration of intent document.
  • Legal due diligence of the property by a lawyer in Portugal.
  • Preliminary contract drafting and signing.
  • Assessment of the property by an appraiser of the bank.
  • Summary of the mortgage conditions.
  • Supervision of all steps towards the final purchase agreement.
  • Handling fee and tax payments.
  • Drafting the final sales contract and signing.
  • Registering the property in the tabu in the name of the investor.

Legal support by a Portuguese lawyer during the entire process

  • legal due diligence of the property.
  • Editing the agreements.
  • Negotiate with the seller.
  • Implementation of the transaction details.
  • A power of attorney if necessary.

 

Get in touch, call us at 054-8295829 or contact:

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