Unfortunately these things happen here as well.
The legal procedures for termination of a marriage agreement by divorce can be relatively straight forward if both partners agree to divorce, are of the same nationality, were married in Portugal, and have nor children or financial commitments. However, for foreign residents living in Portugal this will rarely be the case.
Agents face a world of lower commissions New ways of working are imposing a world of lower commission rates on overseas property agents.
Online marketing, online lead generation, the economic slump, more sophisticated buyers questioning agency or introducer payment terms, smaller down-payments and a glut of bank repossessions are all combining to push average commission rates down to low single figures in a number of key markets.
Portugal the last couple of years tries to be a front-runner when it comes to using alternative energy sources. With well over 3000 hours of sunshine no doubt our country offers a lot of possibilities in this respect.
Importation/Registration Acquiring a Vehicle in Portugal The easiest way of acquiring a vehicle with valid Portuguese registration documents is to purchase a new vehicle from an authorised agent in Portugal who will register the vehicle for you. This has the added advantage of having agents close by to provide service, guarantees, and spare parts.
Marriage is both a social and legal process. Getting married may change the partners’ legal and financial status, their rights to residency and nationality, their susceptibility to taxation, and the rights of their heirs. It also brings new legal responsibilities. It is therefore well worthwhile consulting the relevant consulates and taking professional legal and financial advice before deciding on the form of marriage to adopt.
Letter to me of one of my clients:
Dear Business Partners,
You probably remember about 6 months ago I shared with you the “inside information” I got at that time concerning the future strategy of the most feared (economical) Portuguese police force ASAE in relation to their “hunt for so called illegal tourist beds”. At that time the conclusion was that ASAE should start its intensive inspections as from the 2009 summer period for reaching a climax the whole 2010 year around.
Registry of Hydric/Water Resources Accordingly to the law 226A dated the 31st of May 2007 all owners and tenants of properties of properties that have water resource equipment must apply for an appropriate usage title/license by May 31st. 2009.
Taxation: business vs rental income
In this series, we examine implementation issues surrounding the new Holiday Let Licensing legislation
Taxation: business vs rental income
Lawyers and contracts
“Simplex and property problems
