There are no restrictions on the ownership of real estate by foreigners in Portugal.

The costs of real estate transaction include the following expenses: fees of lawyers, notaries, registration fees, agency commission, etc.

Property Transfer Tax. Charged at various rates, depending on the classification of the property. The tax base is the selling price or current market value of the property, depending on which one is higher.

Tax rates range from 6.5% for urban property down to 5% for agricultural real estate. The tax rate may be reduced if the property is used as the buyer's primary place of residence.

The registration fee, including notary fees, ranges from 0.20% to 1.20% of the value of the property.

Stamp duty is charged at a fixed rate of 0.80%.

The commission of real estate agents reaches 3 - 5% (plus 23% VAT) and is paid by the seller.

Portugal has a wealth tax that affects individuals whose property costs more than 600,000 euro. In this case, whether the owner is a resident of Portugal or not does not play any role. Rates are 0.4% for property owned by companies, 0.7% for individuals and 1% for those whose share in Portuguese real estate exceeds 1 million euros.

Married couples and civil partners can receive a combined discount of € 1,200,000 from the value of the house when calculating the wealth tax.

Sale of business (companies) as a whole is carried out in accordance with the applicable charters of the business structures.