realestate-algarve.info

Insights into what is involved in buying, selling & living in Portugal

Heating and Cooling in the Algarve

A rough guide to assess your photovoltaic (PV) needs in the Algarve With ever-increasing energy bills, more people are considering the option of investing in a photovoltaic (PV) solar panel system in order to generate their own power. Photovoltaic technology is fast-improving in viability, leading to a rise in interest which in turn has seen a number of companies offering solar solutions. Read more →

What to with with on offshore in 2020

What to do with an off-shore company anno 2020 Many of us, including myself, decided in the late nineties – early 20th. century to put their property in an offshore structure and maybe even put it in Trust. Basically, there are 3 ways you could have acquired the shares of an offshore company: Read more →

Bringing it on shore

Moving from Malta to Portugal We are now (2019) faced with a situation whereby many property owners wished that they never had involved themselves in buying a property through an off-shore company. Many years ago many jurisdictions were blacklisted and the majority had the choice either to move to Delaware or Malta. Read more →

Electricity

Electricity supply in Portugal has historically been provided only by Electricidade de Portugal (EDP). Power provided by EDP is 220V AC, 50Hz single-phase or 380V AC, 50Hz three-phase. This is the same as in most of mainland Europe and Africa. It is different from that supplied in USA, UK, Ireland and most of anglophile Africa. Read more →

Inheritance tax in Spain

Every Autonomous Community has its own regulations about the Spanish inheritance tax. Who is bound by the Spanish inheritance tax Taxpayers who have their habitual residence in Spain, regardless of where are located the properties or rights inherited. Are also required to pay the tax, the non-residents in Spain receiving property and / or rights located in Spain by the way of inheritance. Read more →

Conveyance

What is it and what does it entail Conveyancing is the legal term for processing the paperwork involved in buying and selling property and transferring the deeds of ownership. In Portugal, some aspects of conveyancing, such as drawing up the deeds and witnessing the signatures, can be performed only by a public notary (notário). Read more →

Central Registration Benficial Owners

Law 89/2017 of 21 August was published on 21 August 2017. Among other measures, the new law approved the Legal Framework on the Central Register of Beneficial Owners ("CRBO") provided for in article 34 of Law 83/2017 of 18 August (New measures to combat money laundering and terrorism financing). This law also transposes Chapter III of Directive (EU) 2015/849 of the European Parliament and of the Council of 20 May 2015 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing ("4thDirective"). Read more →

Golden Visa

The Golden Visa Programme launched by the Portuguese Authorities in October 2012 is the best investor visa scheme in Europe. Its a fast track for citizens from non European countries and the family members to obtain a fully valid residency permit in Portugal and to travel freely in the vast majority of the countries in Europe (Schengen area). Read more →

Non-Habitual Resident

Tax regime for non-habitual residents The tax regime for non-habitual residents aims at attracting to Portugal nonresidents engaged in high value-added activities or receiving income from intellectual or industrial property rights or know-how, as well as beneficiaries of pensions obtained abroad. It is applied for a period of 10 consecutive years. Read more →