Based on the information released by the Portuguese Deputy Minister in a recent real estate event, the Portuguese Government expects to launch until the end of the year the legislation which will introduce the REIT’s in Portugal.
There are not yet details on the legal or tax regime but it is expected to be similar to the regime applicable to the SOCIMI´s in Spain.
This regime is a long-time request from the real estate market players and it is believed that it will trigger an additional boost to this sector.
Additional information to be provided as soon as the legislation is released.
In Auxadi 50% of companies belongs to Real Estate industry. We take care of all the corporate services of the investment vehicles of our clients, since incorporation, providing also off the shelf structures, through the whole life of the investment.