Portugal • Why would you choose to live anywhere else?

W HY W OULD 

YOU CHOOSE 

TO LIVE 

ANYW HERE 

ELSE? 

PORTUGAL

REALTOR® CEO SPAZIO GROUP 

CIPS - Certified International Property Specialist • NAR - NAR's 

Green Designation • ABR® - Accredited Buyer’s Representative • 

European Elite Broker for RE/MAX • Broker of the Year Award • 

Best Luxury Real Estate Brokerage • Excellence in Innovation 

BEST LUXURY REAL ESTATE BROKER PORTUGAL

FOR OVER 19 YEARS, SPAZIO GROUP 

STANDS OUT FOR BEING ONE OF THE MOST 

PRODUCTIVE REAL ESTATE OFFICES IN 

EUROPE 

Established in 2004, SPAZIO is one of 

the leading Real Estate Brokerages in 

Portugal with an exceptionally strong 

and recognized brand which also has an 

impressive presence in more than 100 

countries and territories around the 

world. In Portugal, the company boasts 

the highest number of transactions in the 

Luxury Market, and has offices across the 

whole country. With their highly 

respected reputation, both nationally 

and internationally, they have the 

opportunity to offer the best in service 

and resources throughout the luxury 

property market. Nothing is left to 

chance and the company prides itself 

with its exceptional attention to detail. 

The SPAZIO Group is committed to 

always raising the bar with high 

customer standard and service afforded 

to all clientele. Only professional staff 

and Top Producing agents with the 

ideal background are carefully 

selected, all with a wealth of relevant 

experience that is vital in the exclusive, 

luxury market. They are also obliged to 

all the necessary world-class training on 

joining, and to ensure that properties are 

presented and marketed to the best of 

their abilities. All staff have access to 

sophisticated marketing materials, a 

selection of exclusive events and a large 

range of unique training resources. This 

adds up to an incredible ability to 

promote portfolios of high end homes to 

millions of affluent potential customers 

around the world – with ease and style. 

Exceptional properties are properly 

vetted with a wide range of mansions 

and estates, many with spectacular 

views, all presented using breathtaking 

photography. And with a luxury clientele 

who expect the extraordinary, The 

Spazio Group always aims to deliver a 

complete and exceptional real estate 

experience. 

RE/MAX SPAZIO • RE/MAX COLLECTION SPAZIO

WHY INVEST IN 

PORTUGAL? 

BEST EUROPEAN 

DESTINATION SINCE 2015 

• SECURITY 

One of the safest countries in the European Union; 

• EDUCATION 

International schools, 100 best universities in EU, 250 

best in the world for employability; 

• COST OF LIVING 

Compared to many countries in the EU, Portugal is 

still affordable and where you can enjoy even eating 

out at very accessible prices; 

• HEALTHCARE 

Simple and accessible; 

• LOGISTICS 

Main airports in the North, Center and South and 

Islands, great ports for cruise ships. You can also 

travel from North to South in 7 / 8hours by car. 

CASCAIS • SINTRA • LISBON 

LISBON 

- Capital city, one of the oldest in the 

world. It is alpha level global city, home to many 

global corporations. 

CASCAIS 

- Coastal town, near Lisbon, home for 

many expats, mild weather, beautiful beaches, 

international schools. 

SINTRA 

- Rural area just outside Lisbon, home to 

largest expat community in Portugal, UNESCO 

WORLD HERITAGE SITE. 

AGAIN, WHY PORYUGAL? 

I would answer, why would you choose to live 

anywhere else? 


ABOUT CASCAIS 

Cascais is a municipality in the Lisbon 

District of Portugal, located on what is 

known as the Portuguese Riviera. The 

population in 2011 was circa 65.000, in 

an area of 97.40 km 2 . Cascais is an 

important tourist destination. 

Its marina hosts events such as the 

America's Cup and the town of Estoril, 

part of the Cascais municipality, hosts 

conferences such as the Horasis Global 

Meeting. 

Cascais's history as a popular seaside 

resort originated in the 1870s, when King 

Luís I of Portugal and the Portuguese 

royal family made the seaside town their 

residence every September, thus also 

attracting members of the Portuguese 

nobility, who established a summer 

community there. It is known for the 

many members of royalty who have lived 

there, including King Edward VIII of the 

United Kingdom, when he was the Duke 

of Windsor, King Juan Carlos I of Spain, 

and King Umberto II of Italy. Exiled 

Cuban president Fulgencio Batista was 

also once a resident of the municipality. 

The Casino Estoril inspired Ian Fleming's 

first James Bond novel Casino Royale. 

REASONS TO LIVE IN CASCAIS 

300 days of sunshine; 

Beaches and cristal clear water; 

Food is excellent, light, and grilled 

(seafood and fresh fish); 

The most beautiful sunsets throughout 

the immense coast line; 

Security; 

Clean and nicely maintained, one of the 

best Municipalities in Portugal; 

The Natural Park – the Sintra / Cascais 

Natural Park of impair beauty that starts 

in the heart of the Sintra Mountains and 

moves along the most beautiful sealines 

of Cascais; 

The coastline sidewalks for daily walks 

and jogging; 

The municipality is one of the wealthiest 

in both Portugal and the Iberian 

Peninsula. It has one of the most 

expensive real estate markets and one of 

the highest costs of living in the country 

and is consistently ranked highly for its 

quality of life. 

https://www.youtube.com/watch?v=KZkGgi6P6DA 

https://www.timeout.com/cascais/things-to-do/re 

asons-to-fall-in-love-with-cascais 


ABOUT SINTRA 

Sintra is a town and municipality in the Greater 

Lisbon region of Portugal, located on the Portuguese 

Riviera. The population of the municipality in 2011 

was 377,835, in an area of 319.23 square kilometres 

(123.26 sq mi). Sintra is one of the most urbanized 

and densely populated municipalities of Portugal 

and hosts several cities albeit the seat of the 

municipality is the town of Sintra proper. A major 

tourist destination famed for its picturesqueness, the 

municipality has several historic palaces, castles, 

scenic beaches, parks and gardens. 

The area includes the Sintra - Cascais Nature Park 

through which the Sintra Mountains run. The historic 

center of the Vila de Sintra is famous for its 

19th-century Romanticist architecture, historic 

estates and villas, gardens, and royal palaces and 

castles, which resulted in the classification of the 

town as a UNESCO World Heritage Site. Sintra's 

landmarks include the medieval Castle of the Moors, 

the romanticist Pena National Palace and the 

Portuguese Renaissance Sintra National Palace. 

Sintra is one of the wealthiest and most expensive 

municipalities in both Portugal and the Iberian 

Peninsula as a whole. It is home to one of the largest 

foreign expat communities along the Portuguese 

Riviera and consistently ranks as one of the best 

places to live in Portugal. 

Due to its privileged location, Sintra brings together 

the best of both worlds within walking distance. 

Nature lovers enjoy magnificent landscapes and 

surroundings of the beautiful mountains, populated 

by species of great beauty and rarity. Sintra is also 

located very close to the coast and beaches that are 

the delight of holidaymakers and those throughout 

the year not waste a boardwalk. 


Sintra is located within walking distance of several 

great quality and beautiful beaches. Featuring the 

beach Praia Grande, the beach Praia Pequena and 

the beach Praia das Maçãs, sought para a prática de 

bodyboard e surf. The connection of this beach to 

the village can be made in an electric picturesque 

and next to the beach are several restaurants, cafes 

and bars, plus a saltwater pool. In Adraga Beach, 

handi- capped accessible can enjoy a beach with few 

traces of human intervention. In the Great Carvery 

Beach, geology lovers can make walking routes in 

search of dinosaur footprints and enjoy the 

magnificent landscapes. This beach is annually the 

scene of several international events of 

bodyboarding and surfing. 

REASONS TO LIVE IN SINTRA 

First landscape in Europe to be considered World 

Heritage Sight; 

History at your doorstep; 

Surrounded by nature; 

Close to capital city; 

Unspoiled beaches; 

Well connected to the wilder world; 

Low crime rates. 

Through a Portuguese lens, Sintra is a hugely 

desirable but expensive location that many dream of 

moving to. For expats, this enigmatic, culturally rich, 

and scenic town may well be considered quite 

affordable! 

https://www.youtube.com/watch?v=YS7_-qlMKKw 


ABOUT LISBON 

Lisbon is the capital and the largest city 

of Portugal, with an estimated 

population of 544,851 within its 

administrative limits in an area of 100.05 

km 2 . Lisbon's urban area extends beyond 

the city's administrative limits with a 

population of around 2.0 million people, 

being the 10th-most populous urban 

area in the European Union. About 2.9 

million people live in the Lisbon 

metropolitan area, which represents 

approximately 27% of the country's 

population. It is mainland Europe's 

westernmost capital city and the only 

one along the Atlantic coast. Lisbon lies 

in the western Iberian Peninsula on the 

Atlantic Ocean and the River Tagus. The 

westernmost portions of its metro area, 

the Portuguese Riviera, form the 

westernmost point of Continental 

Europe, culminating at Cabo da Roca. 

Lisbon is recognised as an alpha-level 

global city because of its importance in 

finance, commerce, media, 

entertainment, arts, international trade, 

education and tourism. 

Lisbon is one of two Portuguese cities 

(alongside Porto) to be recognised as a 

global city. It is one of the major 

economic centres on the continent, with 

a growing financial sector and one of the 

largest container ports on Europe's 

Atlantic coast. 

Lisbon is one of the oldest cities in the 

world, and the second-oldest European 

capital city (after Athens). 

REASONS TO LIVE IN LISBON 

Trendy – moving to Lisbon has become 

trendy; 

A blend of nature and city life; 

Food, Wine; 

Travelling within; 

Mild climate; 

Stunning nearby beaches. 


HOW TO GUARANTEE YOUR STAY IN 

PORTUGAL 

GOLDEN VISA - Created in 2012 for 

Portuguese Citizenship by Investment. 

This means you can live and work 

anywhere in Europe and can travel within 

the area covered by the Schengen 

Agreement. 

1. Invest 1 Million Euro into Portugal. 

This is a no-restriction payment, which 

means you can choose to buy multiple 

properties or invest in a number of start 

ups or promising companies. 

2. Invest 280 – 500 Thousand Euro on 

Portugal property/ies. This option does 

have restrictions and requirements 

regarding the location and age of 

property. 

3. Demonstrate a minimum of eight 

permanent job opportunities in Portugal. 

BENEFITS 

Flexible Visa access – requirement to 

stay in the country for 7 days in the first 

year. 

After the first year the requirement is 14 

days and it includes eligibility for EU 

citizenship within 5 years. 

• Application fee : €533.90 by the main 

applicant (investor) and €83.30 per 

additional applicant (dependent family 

member); 

Permit issue fee : €5,336.40 per person 

for the initial permit and €2,6668.20 per 

person at each renewal; 

• Property Purchase Taxes; 

• Stamp duty (Imposto de Selo) at the 

rate of 0.8% of the transaction value 

applies in Portugal to the purchase of a 

property; 

• On a price of up to €92,407 the tax is 

1%; 

• On a price from €92,407 to €126,403 

the tax is 2% less €924.07; 

• On a price from €126,403 to €172,348, 

the tax is 5% less €4,716.16; 


the tax is 7% less €8,163.12; 


the tax is 8% less €11,035.25; 

• On a price from € 550,836 to € 

1,000,000 the tax is 6%; 

• On a price upwards of € 1,000,000, the 

tax is 7,5%; 


The conveyance registration is subject to 

small charge, typically €375 per 

property. 

Municipal annual tax (IMI) is payable 

annually by who owns the property as at 

31 December at a rate of between 0.3% 

and 0.5% on the tax office valuation of an 

urban property (diferent rates apply to 

rural property). 

D7 VISA 

Non-EU/EEA/Swiss citizen who intend 

to relocate to Portugal and have a 

reasonable net regular passive income 

can apply for this route to residency. 

REQUIREMENTS 

Step 1: Bank Account and 

Accommodation in Portugal 

• Open a banking account in Portugal; 

• Secure long-term accommodation in 

Portugal (by either buying, renting or 

borrowing a property); 

• Apply online for a residence visa and 

for an appointment for an interview at 

the Portuguese Consulate serving his/ 

her current region of legal residence, 

even if the applicant's nationality entitles 

him/ her to enter Portugal without a visa. 

Step 2: Visa Application at the 

Portuguese Consulate 

• Passport, valid for at least 6 months 

after the expiry date of the Portugal 

passive income visa being applied for 

(which will be valid for 4 months); 

• Two recent passport size colour 

photos; 

• Declaration outlining reasons for 

obtaining Portuguese residency; 

• Health insurance policy or afidavit 

stating that this will be bought in 

Portugal within 90 days of arrival; 

• Criminal record certificate (or police 

clearance letter); 

• Documentary evidence of having 

accommodation in Portugal (property 

title deed, rental agreement or property 

loan agreement); 

• Documentary evidence of suficient 

finances available to the applicant in 

Portugal (e.g. a Portugal bank statement 

showing a reasonable balance); 

• Documentary evidence of having a 

reasonable net regular passive income. 

Step 3: Residence Permit Program 

Application In Portugal. 

The special visa allows for a maximum of 

two entries and a stay in the country of 

up to 4 months. Once in Portugal, you 

will need to submit the following 

documents in order to apply for the 

residence permit (known in some areas 


as Portugal residence permit program): 

• Passport having the special visa issued by the 

Portuguese Consulate; 

• The documentary evidence of having sufficient 

financial means and permanent accommodation in 

Portugal, as submitted to the Portuguese Consulate; 

• Health insurance policy in case you bought it in 

Portugal; 

• Various Portuguese documents that your lawyer 

can obtain on your behalf; 

• As part of the Portugal residence permit program, 

the Portugal passive income visa must be renewed at 

the end of the first year and then every two years 

after. Subject to passing a language test of basic 

Portuguese, the holder of a passive income permit 

may apply for permanent residency or citizenship at 

the end of 5 years; 

• The holder of a temporary residence permit (such 

as the Portugal passive income D7 visa and not 

including the Golden Visa), is expected to be, at 

least, 16 months in the country during the first 2 years 

period, and 28 months in each 3 years subsequent 

period provided no absence exceeds 6 consecutive 

months. For the holder of a permanent residence 

permit, this is increased to a minimum of 30 months 

during each 5 years period, provided no absence 

exceeds 24 consecutive months; 

• How Much Does it Cost to Obtain a Portuguese 

Passive Income Permit? 

• The Government fees for this type of temporary 

residence visa permit are not significant (between 

€45.90 and €276.80 per applicant). The primary 

costs the applicant will incur are relocation expenses 

and professional fees. Alternative routes to acquiring 


esiden- cy are more expensive. 

NON HABITUAL 

RESIDENT STATUS 

Portugal offers a special regime for new 

residents with attractive tax 

opportunities for foreign pensioners. 

Individuals covered by the NHR regime 

can benefit from a special personal 

income tax (PIT) regime for a ten year 

period. Generically speaking, this regime 

allows other types of foreign source of 

income to be tax exempt in Portugal if: 

• It may be taxed in the country of source 

in accordance with the applicable Tax 

Treaty; 

• The income is not sourced from a tax 

haven. 

To qualify as a NHR, an individual must 

meet the following requirements: 

• Become tax resident under Portuguese 

domestic legislation; 

• Not having been taxed as a Portuguese 

resident in the five years prior to taking 

up residence in Portugal. 

The NHR status has to be requested until 

March 31 of the year after taking 

up residency in Portugal. 

wealth taxes. Only local taxes on 

Portuguese real estate apply; 

• Acquisition of property - Portugal 

levies a municipal tax on the acquisition 

of Portuguese properties at rates up to 

7.5%. Stamp tax duty at 0.8% is also due 

on the same amount; 

• Annual property tax - Portugal levies 

an annual municipal tax based on the 

registered value of Portuguese real 

estate at rates between 0.3% and 0.45% 

(depending on the municipality and the 

type of real estate). Additional Property 

Tax will also be levied at a rate between 

0.7% and 1.5% on properties with 

registered tax value equal or higher than 

€600,000. Note: rates may be higher 

depending on several factors (type of 

property, type of owner, etc); 

• Inheritance tax - Stamp Duty is levied 

at a 10% rate on Portuguese assets only 

except for spouses, descendants and 

ascendants, who are exempt. 

• Gift tax - Stamp Duty is levied on gifts 

located in Portugal at a 10% rate except 

for spouses, descendants and 

ascendants, who are exempt. An 

additional rate of 0.8% is due on gifts of 

real estate. 

https://www2.deloitte.com/content/dam/Deloitte/ 

pt/Documents/tax/NHR/Flyer-RNH2021-Pensione 

rs.pdf 

OTHER CONSIDERATIONS 

• Wealth taxes - Portugal does not have 


FINANCING A HOME 

IN PORTUGAL 

For international clients, The Bank of Portugal 

defines as a maximum financing limit 60 / 70% 

acquisition value. 

However, as all banks go, any approval will be 

conditioned to client´s profile and investment 

motive. So depending on the bank and the client 

profile, these numbers can vary. 

In anycase it is quite easy to obtain a loan in Portugal 

as an international client. 

SANTANDER 

• Finance a maximum of 80% acquisition value or 

70% evaluation value (lowest of the values) 

independently of the purchase value, but it is 

analysed case by case. 

NECESSARY DOCUMENTS 

• Tax Number; 

• ID Card or Passport; 

• 3 Last Bank Statements; 

• 3 Last Income Receipts; 

• EUA - Form 1040, U.S. Individual Income Tax 

Return; 

• Canadá – Income Tax and Benefit Return; 

• EUA - Credit Report; 

• Canadá - Credit Bureau (experian / transunion / 

equifax). 


REAL ESTATE 

TAXES 

Municipal Transaction Tax - IMI 

Stamp Duty (Imposto de Selo) 

See value and percentage to pay 

on purchase 

• All property under 92.407€ does 

not pay property tax, only Stamp 

Tax; 

• Stamp Tax is payed on the fixed 

rate of 0,8%. 

OWN AND PERMANENT HOUSING 

TAX RATES 2023 

Amount on which the IMT is levied 

Up to 97, 064 € 

From €97,064 to €132,774 




From €603,289 to €1,050,400 

SECONDARY HOUSING 

TAX RATES 2023 

Over €1,050,400 

Marginal Fee 

0% 

2% 

5% 

7% 

8% 

6% (single fee) 

7,5% (single fee) 

Amount on which the IMT is levied 

Up to 97, 064 € 





From €603,289 to €1,050,400 

Over €1,050,400 

Marginal Fee 

1% 

2% 

5% 

7% 

8% 

6% (single fee) 

7,5% (single fee) 


ANNUAL 

PROPERTY TAXES 

IMI/CA RATES IN LISBON DISTRICT 2023 

Alenquer 

0,38% 

WHAT IS THE IMI TAX? 

Municipal Tax (Imposto Municipal 

Sobre Imóveis - IMI) vary from 

council to council, as each autarchy 

can define their own tax. This tax 

incides on all Urban and Rustic 

property. Rustics will have an 0,8% 

tax and Urban will vary from 0,3 to 

0,45%. 

Amadora 

Arruda dos Vinhos 

Azambuja 

Cadaval 

Cascais 

Lisboa 

Loures 

Lourinhã 

Mafra 

Odivelas 

Oeiras 

Sintra 

Sobral de Monte Agraço 

Torres Vedras 

Vila Franca de Xira 

0,30% 

0,375% 

0,35% 

0,36% 

0,34% 

0,30% 

0,364% 

0,35% 

0,45% 

0,35% 

0,30% 

0,30% 

0,38% 

0,35% 

0,30% 


PORTUGAL 

DON’TCOME,YOU W ILLFALLIN LOVE 

https://linktr.ee/gcaprichoso 

www.gcaprichoso.com

Portugal • Why would you choose to live anywhere else?

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