Obtain an updated ownership certificate at the Property Registry (Registro Predial)
Agency: Property Registry (Registo Predial)
The seller must obtain an updated ownership certificate at the Registro Predial (Property Registry). This document will include all useful information regarding the property.
Time and cost: 23 days, STN 65
Obtain a copy of the incorporation documents at the Commercial Registry Agency
Agency: Commercial Registry Agency (Registro Commercial)
A registered copy of the incorporation documents is obtained at the Registro commercial (Commercial Registry Agency) to prove the legitimacy of the buyer (company).
Time and cost: 2 days, STN 75
Tax Authority prepares assessment of property transfer tax (Sisa)
Agency: Tax Authority (Direçao das Finanças)
The Conveyance (Sisa) Tax must be filed at the Direcçao das Finanças (Tax Authority). An assessment by official municipal employees is required to certify the property value settled by the parties. An inspection of the property is needed and the value is determined on the spot.
Time and cost: 7 days, included in Procedure 5
Inspection of the property is done by the buyer, a representative from the tax authority and an independent party to assess the value of the property
Agency: Tax Authority (Direçao das Finanças)
To assess the property value, the buyer, a representative from the tax authority and an independent party visit the property to determine the venal value. Each of the parties will put forth the venal value they believe is correct for that property. The average of the 3 amounts will be used for tax purposes.
Time and cost: 1 day, no charge
Pay Sisa at the Central Bank
Agency: Central Bank
The buyer pays the transfer tax at the central bank (all taxes are paid at the central bank), who issues a receipt.
Time and cost: 1 day, STN 167,041.42 (8% of property value (SISA Lei 5 of 2007))
Obtain proof of payment (certidão de Sisa) from tax authority
Agency: Tax Authority (Direçao das Finanças)
The buyer submits the tax payment receipt to the tax authority and receives the proof of payment (certidão de Sisa) to be presented to the notary.
Time and cost: 7 days, no charge
A public notary prepares and notarizes the sale purchase agreement
Agency: Notary
A public notary must notarize the sale and purchase agreement before the payment of taxes at the tax authority.
Time and cost: 7 days, STN 22,880.18
Fee for the notary to draft the deed is based on the following scale:
- STD 0 to STD 10,000 – STD 0.05 for every STD 1
- From STD 10,000 to STD 50,000: STD 0.025 for every STD 1
- From STD 50,000 to STD 100,000: STD 0.020 for every STD 1
- From STD 100,000 to STD 200,000: STD 0.015 for every STD 1
- On the excess above STD 200,000: STD 0.010 for every STD 1
Apply for registration at the Registro Predial
Agency: Registry (Registo Predial)
After obtaining confirmation of tax payments, the buyer applies for registration at the Registo Predial using the deed drafted by the notary. A new property registration certificate is issued to the buyer.
Time and cost: 7 days, STN 22,755.18
As of Jan, 2017, the registration fee is based on the following scale:
- STD 0 to STD 50,000 – STD 0.035 for every STD 1
- From STD 50,000 to STD 100,000 – STD 0.0175 for every STD 1
- From STD 100,000 to STD 200,000 – STD 0.0125 for every STD 1
- On the excess above STD 200,000 – STD 0.010 for every STD 1
