+351 289 147 305 | info@goldenvisaproperties.com
+351 289 147 305
Private Ownership
Corporate Ownership
The Buying Process
Once you have found the property you would like to buy, and your agent has successfully negotiated a deal on your behalf, a professional agent will prepare a 'letter of intent'. This document clearly states the agreed price, exchange and completion dates, and what is to be included. At the same time, we recommend that you instruct a local lawyer to represent you in the purchase. Your signed letter of intent will be sent to your legal representative as a reference to the agreed terms.
Once you have found the property you would like to buy, and your agent has successfully negotiated a deal on your behalf, a professional agent will prepare a 'letter of intent'. This document clearly states the agreed price, exchange and completion dates, and what is to be included. At the same time, we recommend that you instruct a local lawyer to represent you in the purchase. Your signed letter of intent will be sent to your legal representative as a reference to the agreed terms.
Once you have found the property you would like to buy, and your agent has successfully negotiated a deal on your behalf, a professional agent will prepare a 'letter of intent'. This document clearly states the agreed price, exchange and completion dates, and what is to be included. At the same time, we recommend that you instruct a local lawyer to represent you in the purchase. Your signed letter of intent will be sent to your legal representative as a reference to the agreed terms.
Corporate Ownership
Exchange of contract
Many high-end properties are owned in a corporate structure. The property itself is an asset of the company and buyers purchase the company's shares. These structures are usually domiciled in Malta or Delaware; however, there are several other white-listed jurisdictions around the world. If the property you choose is in one of these structures, your lawyer will carry out the normal legal searches on the property and undertake a due diligence on the corporate structure through a request to the management company that binds them in accordance to their regulations. This will clarify the fees, warranties, representation, history and legal procedures of the company.
A Share Purchase Agreement will then be prepared and, upon signature by both parties, all the conditions of the transaction are secured, and a usual 10% deposit will be paid to the vendor, via the lawyers' clients' account. This transaction takes place under the jurisdiction of the company's domicile but can also take place under Portuguese or other jurisdiction connected with the parties, safeguarding the formalities applicable to the transfer of the shares/rights in the jurisdiction of the company's domicile.
Many high-end properties are owned in a corporate structure. The property itself is an asset of the company and buyers purchase the company's shares. These structures are usually domiciled in Malta or Delaware; however, there are several other white-listed jurisdictions around the world. If the property you choose is in one of these structures, your lawyer will carry out the normal legal searches on the property and undertake a due diligence on the corporate structure through a request to the management company that binds them in accordance to their regulations. This will clarify the fees, warranties, representation, history and legal procedures of the company.
A Share Purchase Agreement will then be prepared and, upon signature by both parties, all the conditions of the transaction are secured, and a usual 10% deposit will be paid to the vendor, via the lawyers' clients' account. This transaction takes place under the jurisdiction of the company's domicile but can also take place under Portuguese or other jurisdiction connected with the parties, safeguarding the formalities applicable to the transfer of the shares/rights in the jurisdiction of the company's domicile.
Many high-end properties are owned in a corporate structure. The property itself is an asset of the company and buyers purchase the company's shares. These structures are usually domiciled in Malta or Delaware; however, there are several other white-listed jurisdictions around the world. If the property you choose is in one of these structures, your lawyer will carry out the normal legal searches on the property and undertake a due diligence on the corporate structure through a request to the management company that binds them in accordance to their regulations. This will clarify the fees, warranties, representation, history and legal procedures of the company.
A Share Purchase Agreement will then be prepared and, upon signature by both parties, all the conditions of the transaction are secured, and a usual 10% deposit will be paid to the vendor, via the lawyers' clients' account. This transaction takes place under the jurisdiction of the company's domicile but can also take place under Portuguese or other jurisdiction connected with the parties, safeguarding the formalities applicable to the transfer of the shares/rights in the jurisdiction of the company's domicile.
Completion
The process is simply completed by both parties fulfilling the terms described in the Share Purchase Agreement and the buyers transferring the balance of the purchase price to the vendors, again usually via the lawyers' clients' account. Afterwards, the respective management company will transfer the share ownership from vendor to purchaser. This process is quick, simple and in English.
The process is simply completed by both parties fulfilling the terms described in the Share Purchase Agreement and the buyers transferring the balance of the purchase price to the vendors, again usually via the lawyers' clients' account. Afterwards, the respective management company will transfer the share ownership from vendor to purchaser. This process is quick, simple and in English.
The process is simply completed by both parties fulfilling the terms described in the Share Purchase Agreement and the buyers transferring the balance of the purchase price to the vendors, again usually via the lawyers' clients' account. Afterwards, the respective management company will transfer the share ownership from vendor to purchaser. This process is quick, simple and in English.
(+351) 289 147 305
(+351) 289 147 305
(+351) 91 781 1992
(+351) 91 781 1992
(+351) 289 358 451
(+351) 289 358 451
(+44) 330 038 9865
(+44) 330 038 9865