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Buyer’s Guide

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Being an owner at Belas Clube de Campo

Becoming an owner at Belas Clube de Campo requires observing the resort’s legal rules and regulations, which guarantees harmony between existing and future owners and the good use of the resort by owners, residents, and users. There are two regulations: the use regulation and the construction regulation, which can be found in and are an integral part to the contracts and deeds in Belas Clube de Campo.

Future owners are supported by the commercial team and legal department of Belas Clube de Campo throughout the purchase process.

The information found here is a starting point, but we recommend that future owners
seek legal counselling from a lawyer or tax consultant for a more customised advice.

Use Regulations
Construction Regulations

Advantages of Investing in Portugal

Golden Visa

Residence Permit for Investment Activity (“ARI”) This resident permit is for any non-EU national that seeks access to and free movement in the European Union and Schengen Area. The Golden Visa is awarded under the conditions below, among others:
  • Purchase of a property in Portugal in the amount of €500.000 or higher.
  • Stay for a minimum of 7 days during the first year.
  • Stay for a minimum of 14 days in the next two years.
  • After the fifth year, the application for a permanent residence permit can be filed, and the permit awarded that allows to become a Portuguese citizen.

Non-Habitual Resident (NHR)

Tax regime for non-habitual residents

This regime exempts non-habitual residents from paying taxes on almost all income made abroad and an income tax rate of 20% on income made in Portugal.

Some of the benefits of this special regime are:

  • Exemption from paying taxes concerning pensions.
  • Exemption from paying taxes concerning inheritances
  • Exemption from paying Income Tax
  • Exemption from paying Taxes on interest and dividends.

Purchasing a Property in Portugal

Purchase Process

  • Decision about the type of property that best suits your needs (apartment, townhouse, or plot).
  • Definition of purchase intention: residence, holiday home, or investment.
  • Seeking of legal counsel with a financial consultant or lawyer
  • We always recommend that a lawyer or solicitor assist with the property purchase process.
  • If you are thinking of purchasing a property via a business, for tax benefits, you should analyse the advantages with your lawyer and/or financial consultant.
  • The most common way to transfer a property is the purchase and sales deed, which is usually drawn at the notary public’s office.

Property Ownership

There are multiple property ownership options available. It is extremely important that you analyse all options available and seek legal and tax counselling about them.

The decision you make at this stage will be very important and favourable in the future. Real estate properties can be purchased in the following ways:

  • Purchase on behalf of a natural person or natural persons
  • Purchase on behalf of a national or international company. Given certain tax restrictions, we do not recommend purchasing a property on behalf of a company that is included on the “list of countries, territories or regions subject to a clearly more favourable tax regime”, regularly updated by the Portuguese State.
Please discuss the options above with your lawyer.

Taxes and costs

Purchase costs can be deducted in future capital gains, provided that duly documented and upon meeting certain legal requirements.
Notary and Land Register fees and costs are fixed, but they can vary according to the type, number, and complexity of acts practised or registrations (about 1.500€). However, the Transfer Tax (IMT) and Stamp Duty are calculated according to the price for which the property was sold. Stamp Duty is calculated according to a fixed rate of 0.8%, while the IMT is calculated based on a table, which is updated annually, with a scale from 1 to 8 % over the purchase value declared (e.g. 6% over €550.836 for non-permanent housing). The rate applicable to plots for urban construction is 6.5% over the purchase value declared.
The Municipal Tax (IMI) is charged annually and can be paid in up to three monthly parcels, depending on the amount. This tax is calculated over the Taxable Patrimonial Value (VPT) of the property. The IMI rate is defined by the Municipal Assembly for next year. The rate for the municipality of Sintra is 0.33%.

Loans

Housing Loans in Portugal usually lend up to 75% of the amount of the appraisal made by the bank to the property.In general, future owners must have 25% of own capital and show proof of income. Loan criteria, interest rates, spreads, or associated costs, etc. vary depending on the credit institution.

The sales team of Belas Clube de Campo is available to assist you with finding the right partners in each area (legal, financial consultancy, banking, etc.)

Residential solutions available

Townhouses

From 1.250.000€

Apartments

From 590.000€

Plots

From 400.000€