Why Madeira Island ? The safety and security offered by the island has also been a factor for foreigners to move here – especially in recent years when terrorism has been a worry in other parts of Europe or northern Africa. There’s very little crime, most people speak good English and the medical care is […]
If you buy a property on Madeira, it is recommended to have a lawyer. On Madeira it is the lawyer who represents the legal interests of yourself as a buyer when purchasing property. The reason that you need a lawyer is mainly due to the fact that the role of the notary on Madeira is […]Read More
Buying or renting property on Madeira and move to Madeira for retirement, is absolutely the best choice. On Madeira you can enjoy not only one of the best climates in the world and almost the most hours of sunshine in Europe, but also good health services and favorable tax climate for retirees. Madeira: almost the […]Read More
When buying a property in Portugal, you have to pay tax and other expenses to complete the purchase. overview purchase costs IMT – “Imposto Municipal sobre Transmissões” = Municipal Property Transfer Tax IMT is payable on the transfer of immovable assets located in Portugal, like the purchase of a property. IMT is payable at the […]Read More
Documents needed to purchase a property on Madeira: Bilhete de identidade/passaporte = Passport or a Portuguese ID documentYou will need to provide your lawyer with copies of your passport or ID card. This is required for each individual person or company involved with the purchase Número de contribuinte (NIF) = Fiscal numberAnyone wishing to purchase […]Read More
Legal Procedure Buying a property in Madeira is a different process than buying a property in your home country. The laws and regulations in Portugal are different, therefore we provide you the following information about the purchase procedure in Portugal to avoid risks when purchasing. Reservation deposit Enabling a lawyer Promissory contract of purchase and […]Read More
