Obtain property title from the Land Registry (certidão de registro predial) and pick up the form to request the ownership transfer
Agency: Land Registry (Conservátoria do Registo Predial, Comercial e Automóvel de Bissau)
In order to be registered as the new owner of the property, the buyer will have to complete a form requesting it. The request will be submitted along with the certification of the deed (“certidão de escritura”).
Time and cost: 12 days, XOF 7,750 (XOF 7500+XOF 250 for the form)
Pay property transfer tax and obtain tax clearance from tax authority
Agency: Tax Authority (Direcção Geral de Contribuição e Impostos – DGCI)
The tax clearance states that no taxes are owed on the property before its transfer. The transfer tax (Sisa) is paid at the same time with the selo de assistencia (stamp) and the selo the reconstrução nacional (stamp).
Time and cost: 2 days, XOF 1,097,387.1 (5% of property value (SISA),+0.5% of selo de assistencia + 0.5% of selo de reconstrução nacional. (These two 0.5 percentages are calculated over the amount resulting from SISA tax and then added to the amount of the SISA tax))
Execute the deed of transfer before a notary
Agency: Notary
Only the notary can record the transaction in the Notary Books. The seller must present the property title and proof of payment of the Property Transfer Tax (SISA, obtained in Procedure 2). Both the seller and the buyer must show their identification documents. Upon completion, the notary issues the title deed to the new owner. The notary also verifies the signature of the form for the registry.
Time and cost: 21 days, XOF 26,750
- XOF 10,000 fixed fee for a transaction with a specific value (Valor determinado);
- XOF 2,000 for the Justice budget (Cofre Geral da Justiça);
- XOF 4,800 for 8 pages of the sale and purchase agreement (“laudas”: XOF 600 per page);
- XOF 7.700 for the written lines, assuming 100 (“linha”– XOF 77 per line);
- XOF 1.000 for the fiscal stamp (“Selo Fiscal”);
- XOF 500 for the National Reconstruction Stamp (Selo Reconstrução Nacional);
- XOF 500 for the assistance stamp (“Selo de Assistencia”)
- XOF250 for the verification of the signature of the registry form.
Register the transfer and obtain the new property title (certidão predial)
Agency: Land Registry (Conservátoria do Registo Predial, Comercial e Automóvel de Bissau)
The buyer obtains a new property title. After the property transfer is registered in the Registry´s books, the buyer receives an authentic copy of the inscriptions.
Time and cost: 12 days, XOF 43,991
- Description, Inscription and Certificate: XOF 15 000 (XOF 5000 x 3);
- Fixed fee (valor determinado): XOF 8 900;
- Participation fees (“da participação emolumental”): 20 % of (XOF 15 000 + XOF 8 900);
- (iv)“Construção prisional”: 1 % of (XOF 15 000 + XOF 8 900);
- Tax (“taxa de reembolso”): XOF 822;
- Print Cost: XOF 250;
- Certificate: XOF 5 000;
- Apresentacao for 3 books: XOF 9 000.
Submit a copy of the property title to municipality
Agency: Municipality
The buyer must submit a copy of the property title to the municipality to inform about the property transfer for tax purposes. In Bissau, the municipality acts as the Cadastre, but outside of the capital, there are separate Cadastres in which to perform this procedure. Note that land is leased and buildings are owned. When the land and building are first registered, the certificate provided is unified and contains both sets of details on lease and ownership of the building. The procedures here outlined describe the process of transferring a unified title.
Time and cost: 1 day, no charge
