Entrepreneurs Portugal


Even if the income comes from self-employment, it is possible to get a mortgage from a Portuguese bank. However, one is reluctant to include profits not distributed to private parties that have remained in the company.

Portuguese banks are looking at profits for the past three years. At least 3 years of annual figures must be available and the company must exist for at least 3 calendar years. In addition to profits, they will look at sales trends and the equity position on the balance sheet.

The own B.V. must exist for at least 3 years and must have a healthy profit and sales development. The balance sheet should also look healthy with positive equity and an acceptable current account ratio with the owner. Portuguese banks count as income the salary and actual dividends paid. Sometimes banks are willing to consider potential dividend income (profits left within the company) as well.

If there is a multi-company structure, it is important to clearly identify the results and ownership relationships.

Portuguese banks do not want to give a mortgage to a foreign company.