3 Reasons to Buy Property as a Company in Portugal
Introduction: 🌍 Portugal and Madeira Island have become attractive destinations for property buyers. Considering purchasing real estate in this beautiful country? One option to explore is buying property as a company. Here are 3 TOP reasons why it can be a wise decision.
1. Tax Benefits: Portugal offers tax incentives for businesses, including lower tax rates and property-related expense deductions. Buying property through a company can lead to significant long-term savings.
2. Asset Protection: By purchasing property through a company, personal assets remain separate from business assets. This shields personal assets in case of legal claims or financial issues.
3.. Simplified Ownership and Transfer: 🔄 Company ownership offers clear structures, making property management and transfer processes simpler. Transferring shares of a company is often easier than transferring the property itself.
Steps to Buying Property as a Company in Portugal
1️⃣ Establish a company in Portugal.
2️⃣ Open a bank account in the company’s name.
3️⃣ Purchase the property through the company, following legal procedures.
4️⃣ Engage professionals: lawyer and accountant, for legal compliance and tax planning.
Unlock the Benefits: Buying property as a company in Portugal offers tax advantages, asset protection, enhanced credibility, and simplified ownership.
