For many years the favourite route for purchase of a property has been through an 'offshore' company, which until recently provided tax advantages, confidentiality and reduced costs. The recent changes in Portuguese legislation introduced in January 2002 came into effect in 2003 and in many situations make purchase through an offshore company extremely unfavourable.

      Portugal Property Finance have not recommended the use of an 'offshore' company for some time. Anticipating the change in legislation - a very much more effective corporate structure was developed which provides all the benefits and advantages of 'offshore' ownership with none of the disadvantages or penal tax implications.

      If you are contemplating purchasing a property which is currently owned via an offshore company, we can undertake the 're domiciliation' of the company and undertake all the required re registration with the necessary authorities for a single fee.

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