Real Estate Legal Services for American Buyers
Expert guidance for United States citizens buying property in Portugal
Important Information
American buyers should be aware that unlike most countries, US citizens are taxed on worldwide income regardless of residence. Consider consulting with a cross-border tax specialist before purchasing. FBAR reporting is required if Portuguese bank accounts exceed $10,000 at any point during the year.
Visa & Residence Options
- D7 Visa (Passive Income/Retirement)
- Golden Visa (Investment-based residence)
- Digital Nomad Visa (Remote workers)
- D2 Visa (Entrepreneurs)
- Tourist stays up to 90 days (no visa required)
Why Portugal?
- • Transparent buying process
- • No restrictions on foreign buyers
- • Strong legal protection for buyers
- • Excellent quality of life
How American Buyers Purchase Property in Portugal
Step-by-step guide tailored to your nationality
Step 1
Obtain NIF (Portuguese tax number) - required for all transactions
Step 2
Open Portuguese bank account (may require in-person visit)
Step 3
Engage local lawyer for due diligence and contracts
Step 4
Sign promissory contract (CPCV) and pay deposit
Step 5
Complete due diligence on property title and debts
Step 6
Sign final deed (Escritura) at notary
Step 7
Register property and pay taxes
Need help with any of these steps? Our team has extensive experience working with international buyers.
Contact UsTax & Legal Considerations for American Buyers
Important tax and legal factors specific to your nationality
Double Tax Treaty
Yes - Portugal has a double tax treaty with your country
The US-Portugal Double Tax Treaty helps prevent double taxation on income and capital gains. However, US citizens must still report worldwide income to the IRS.
Need Expert Guidance?
Our team specializes in helping American buyers navigate Portuguese property law and taxation.
Schedule a ConsultationCommon Concerns
- FBAR reporting requirements for foreign bank accounts
- FATCA compliance when opening Portuguese bank accounts
- IRS worldwide income reporting obligations
- Currency exchange and wire transfer logistics
- Understanding Portuguese property taxes (IMT, IMI)
- Mortgage availability for non-residents
Popular Locations for Americans
Explore the most sought-after areas for United States buyers
Frequently Asked Questions for Americans
Common questions from United States citizens about buying property in Portugal
Can Americans buy property in Portugal?
Yes, Americans can freely purchase property in Portugal without any restrictions. The process is straightforward, and Portugal welcomes foreign investment in real estate. You will need to obtain a Portuguese tax number (NIF) and open a Portuguese bank account to complete the purchase.
Do Americans need a visa to buy property in Portugal?
Americans do not need a visa to purchase property in Portugal. However, if you plan to spend more than the allowed tourist stay, you will need to apply for a residence visa. Common options include D7 Visa (Passive Income/Retirement) and Golden Visa (Investment-based residence).
What taxes do Americans pay when buying property in Portugal?
Americans pay the same taxes as Portuguese citizens: IMT (property transfer tax) ranging from 0-8% depending on property value and type, Stamp Duty at 0.8% of the purchase price, and annual IMI (municipal property tax) between 0.3-0.45%. Portugal has a double tax treaty with United States, which helps prevent double taxation on property income and capital gains.
How long does it take for Americans to buy property in Portugal?
The typical property purchase process for Americans takes 1-3 months from initial offer to final deed signing. The timeline depends on factors like mortgage approval (if applicable), due diligence complexity, and notary availability. Our team can help expedite the process by ensuring all documentation is properly prepared.
Do Americans need a Portuguese lawyer to buy property?
While not legally required, it is strongly recommended that Americans engage a qualified Portuguese lawyer for property transactions. A lawyer conducts thorough due diligence, reviews contracts, ensures clear title, identifies any encumbrances or debts, and protects your interests throughout the purchase process.
What are the main concerns for Americans buying in Portugal?
Key concerns for Americans include: FBAR reporting requirements for foreign bank accounts; FATCA compliance when opening Portuguese bank accounts; IRS worldwide income reporting obligations. Our legal team specializes in addressing these nationality-specific concerns and ensuring a smooth property transaction.
Ready to Buy Property in Portugal?
Schedule a consultation with our legal experts who specialize in helping American buyers navigate Portuguese real estate law.
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