Getting Started Steps

Remember, these bullet points provide a general overview of the process, and regulatory requirements in Portugal to ensure a smooth property purchase and registration.

1

Drawing up contracts:

We draw up a secure a contract called a (CONTRATO PROMESSA
DE COMPRA E VENDA DE MÓVEL ) .This is an offer to purchase the property with down payment deposit with the intent to purchase the property in a given time frame for a fixed price. A deposit is required on the day the contacted is signed.
2

Property Offer:

A Portuguese lawyer or notario to handle the legal aspects of the purchase. They will draw up a purchase contract (CONTRATO PROMESSA DE COMPRA E VENDA )and procuro (Power of Attorney ) document to start process to register the property. This is done to obtain a Portuguese taxpayer number (NIF) from the local tax office, as it is required for property ownership and various administrative processes.
3

Legal and Financial Procedures:

Then on a set booked date with the Notary office the property is registered into the name of the new buyer of the property.Also proof of payment is presented. Or payment is settle in full with the presents of the Power of Attorney( Procedure in Portuguese). This could be the person presenting the buyer in Portugal.
4

Completion and Registration:

On the day signing and the paper work is submitted to the local authorities and property is registered in the new owners name and taxes are paid for transfer of the property. Then only is in about 4 weeks everything is concluded. 
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Requirements for Foreign Property Buyers 

Are you interested in buying a house in the Azores? Here is what it takes for you as a non-national to become a homeowner in Portugal. Both foreigners and locals can purchase a property in the Azores, without hitting restrictions or other difficulties. Legislation in Portugal does not impose restrictions on foreigners wishing to buy property in the Azores, as long as they are not state-owned. There is no doubt that the Azores is a special place. This autonomous region sitting right in the heart of the Atlantic ocean is a certified tourist hub.In fact, it is the first archipelago in the world that is recognized as a sustainable tourist hub. It’s only recently that the Azores has started getting the attention it deserves thanks to the beautiful natural attraction and also the strategic positioning in the Atlantic ocean. While nature remains to be the biggest attraction to the Azores region, it is also worth mentioning that this continental region of Portugal is also popular for its gastronomy, security, and quality standard of living. .

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