Portuguese legislation will grant you several benefits, including tax and resident permits if you decide to purchase a property in Portugal. You can achieve this through purchasing a property directly or acquiring shares in a company (offshore or onshore) that owns a property.
Each option has different tax consequences which should be carefully analysed to see what solution suits you best. If you buy a plot for construction you are obliged to sign a Works Contract, which has been prepared and revised to avoid any future issues. These include dealing with delays in construction or defective construction or insolvency of the contractor and possible retention rights over your property. We’ve drawn up a short guide to outline what to expect.
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