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Power of Attorney in Portugal

Power of Attorney in Portugal

Updated on Saturday 18th March 2017

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Power-of-Attorney-in-Portugal.jpgThe power of attorney in Portugal is a document used to transfer the power from one individual to another. The one transferring power for general or specific purposes is the grantor and the individual entrusted is the attorney in fact.
In Portugal, the power of attorney is subject to several conditions and the two parties must both be present when the document is drawn up and notarized. 
One of our lawyers in Portugal can act as your attorney in fact if you cannot be present in the country in order to handle various business transactions. Alternatively, one of our lawyers can help you draw up this legally binding document in order to transfer general or specific rights to an appointed individual.

Powers granted by a power of attorney

The power of attorney can be general or limited. The general one is used to grant all rights to the attorney in fact. The appointed individual will be able to take almost all decisions on behalf of the grantor and sign in his or her name whenever needed. However, some abilities cannot be transferred, such as voting or drawing up the testament or making changes to it. 
The limited power of attorney only offers legal powers for a short amount of time and, most commonly, for a very specific purpose. These documents can be used to transfer the right to handle finances or company management. 
Foreign investors in Portugal can use the power of attorney for company incorporation purposes, company management or real estate investments. 
One of our lawyers in Portugal can give you additional information on the rights that can be transferred and the attorney’s in fact liability. 

Documents required to draw up a power of attorney

The power of attorney is notarized and registered with a notary office in the country. The parties can prepare an initial draft or their lawyers in Portugal and it can be agreed upon and later registered in front of a notary.
The parties need to be present at the time of the notarization and will need to provide a valid ID card. 
Individuals who need more information on the legal transfer of powers can contact our law firm in Portugal


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