A NIF, a bank account and a documented source of funds that compliance will not send back. This is where most foreign purchases stall.
The compliance side of the purchase, prepared before it becomes a problem.
Four stages, and we start before you find the property, not after.
We look at where the money sits, how it was earned and which bank is the right one to approach.
Tax number first, then the account opening, with the documents prepared in advance.
Contracts, statements, sale agreements, tax returns. Assembled into one file the bank can sign off.
The funds move on a route and in a currency the notary and the seller will accept.
Portuguese banks and notaries apply EU anti money laundering rules and must evidence the origin of the funds. A complete file at the start is far faster than answering questions one at a time over several weeks.
It is not strictly required in every case, but it makes the purchase, the utilities and the tax payments far easier, and most sellers and notaries expect it.
That is common and it is not a blocker. It changes which documents the bank wants and sometimes which bank to approach. We assess that before you apply anywhere.
A free consultation. Tell us where the funds sit and how they were earned, and we will tell you what the file needs to contain.
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Tell us what you need and we will come back with a concrete next step, at no cost and with no obligation.
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