Press Room

Portuguese legislation finally established a legal framework to Real Estate Investment and Management Companies (SIGI), commonly known as Real Estate Investment Trusts (REITs). This new legal framework was published on January 28th, 2019 and provides specific rules for these entities, namely minimum share capital, composition of its assets, time limit for the distribution of profits, limits to indebtedness and status loss rules. This framework also lays down a special procedure to convert Public Limited Companies/Joint Stock Companies and collective investment vehicles into SIGI.

SIGI are subject to a more attractive tax regime, which grants conditions of neutrality, that allow tax exemptions to apply, not only to the SIGI, but to the  shareholders as well (should also apply the rules of lower or exempt taxation of the double tax treaties).