Call 50 | Tourism and Industry
Companies that own real estate for tourism or industrial activities (sale and leaseback operations).
Companies that, not being owners of real estate allocated to the tourism activity, propose to invest in its requalification and its subsequent lease (sale, invest and leaseback operations).
Companies that, not being owners of real estate not allocated to the tourism activity and located in Low Density Territories (ANNEX III of the Council of Ministers Resolution 72/2016, of 24 November (no. 10 of the RCM), propose to invest in its reconversion for tourism use and its subsequent lease (sale, invest and lease operations).
Types of operation
. Purchase of assets for tourism or industrial purposes;
. Sale and leaseback operations;
. Sale, invest and lease operations.
Main conditions for access
- Have their situation regularised with the Tax Authority and Social Securityl;
- Are registered in the Central Registry of the Actual Beneficiary (RCBE);
- Have no incidents (unjustified) on the map provided by the Central Credit Register (CRC) maintained at Banco de Portugal.
- To be free of encumbrances or charges (at the date of the implementation of the operation);
- Have their land and property registration situation in order;
- To have a utilisation permit or authorisation, if applicable;
- To have an energy certificate (SCE), when applicable;
- To have a construction permit to be paid for or issued, applicable to properties to be used for tourism activities and located in Low Density Territories.
Fund Investment Conditions
Maximum value per operation
6 million euros.
The purchase price is a maximum of 85% of the simple average of the property’s valuation.
Up to 15 years.
Application of Funds and Investment
The financial resources made available with the sale of the property will be applied to investments in the adaptation, requalification and modernisation of the buildings, while it will also be possible to settle debts with financial institutions and invest in working capital.
Priority will be given to investments that contribute to economic, social and environmental sustainability.
The application of funds for sale and leaseback operations, to be carried out with owners of real estate allocated to tourist or industrial activity, should consider:
. Minimum limit of 20% of the acquisition value for investment in fixed capital, tangible or intangible;
. Maximum limit of 60% of the acquisition value for debt settlement with financial institutions.
In sale, invest and lease operations (operations in which the proponent is not the owner of the property object of the operation), an investment in the property must be made by the proponent, considering a minimum limit of:
. 25% of the acquisition value of the property by the fund, in the case of properties currently allocated to the tourist activity;
. 50% of the acquisition value of the real estate by the fund, in the case of real estate for which the investment consists of its reconversion for tourism use.
The option to purchase the property can be exercised from the third year of the lease and until the end of the lease term.
The purchase price of the property within the scope of exercising the purchase option corresponds to the purchase price of the property by the fund, updated in accordance with the positive variation of the harmonised consumer price index published monthly by the National Statistics Institute.
The annual rent will be paid monthly and will correspond to the application of a 4% tax over the value of the operation.
Through the electronic form available at www.turismofundos.pt.
The reading of this information does not waiver the consultation of the elements available at www.turismofundos.pt