Offshore Property

As with all legal questions it depends a lot from management to management and what is included on it (for instance if it have already the issue of the initial power of attorney included or not, if includes already one year of management etc).

hen buying a property in a corporate structure you are buying the shares of the company that is the registered owner in the portuguese Land Register. Read on about the risks when not having an energy certificate.

Many people buying property in Portugal wonder why they must have Fiscal epresentation. First and foremost, it is a legal requirement. Any non-resident owning property or with income generated in Portugal must designate a resident entity to serve as Fiscal Representative to fulfil all compulsory tax obligations.

List of offshore banks that will help you with financing your property: Santander Totta Barclays Jersey Savills Private Finance

Since an offshore mortgage is mostly like a normal mortgage in your home country, some U.K. banks for example now offer mortgages for offshore properties too. Each offshore jurisdiction has its own regulations and taxation, so be aware that there might be some things that you should pay attention too…

Due to the portuguese law Nº 64/2008 (12-5-2008) the IMI of the top end has been reduced by 0,1%.

When buying a property in a corporate structure make sure to always take care of the following points: 1. Always work with officially…

Owning a property through a corporate structure continues to be a popular choice for higher priced properties. And not only in Portugal: Every property that meets the following criteria could be interesting for an offshore corporate structure…

Many properties in Portugal, and especially the Algarve, are owned by a corporate structure. Today these corporate structures are usually domiciled in Malta or Delaware but there are various other white listed jurisdictions such as New Zealand and even Portugal and the UK. The property itself is an asset of the company and buyers purchase the shares of the company.

Portugal, like any other country in Europe, has an array of taxes that relate to property. Some are connected to possession of the property, others to different forms of related income, while others refer to its transmission. What was that proverb about Death and Taxes?