Algarve Foreign Residents / Residentes Estrangeiros

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Power of Attorney

Printed From: Albufeira.com
Category: Living in Albufeira / Viver em Albufeira
Forum Name: Algarve Foreign Residents / Residentes Estrangeiros
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URL: https://albufeira.com/forum/forum_posts.asp?TID=9438
Printed Date: 26/December/2024 at 20:10
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Topic: Power of Attorney

Posted By: animallover
Subject: Power of Attorney
Date Posted: 01/June/2016 at 18:32

Hi all

I've just bought a property in the Algarve and I have asked our solicitor to be our Power of Attorney which she has agreed to. Does this mean she can conclude sale and there will be no need for me to go over to Portugal?

Thank you in advance.

Replies:

Posted By: cubsur
Date Posted: 02/June/2016 at 09:35

That was the case 11 years ago when I bought my place. All I had to do was keep sending loads of money across. The power of attorney also took care of the transfer of utility bills.

Various documents were sent back and forth by that ancient device called a fax machine.

But things like setting up a bank account require your presence in person.

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Albufeira Resident

www.algarvebus.info public transport information for the Algarve

Posted By: stuart123
Date Posted: 02/June/2016 at 12:51

Yes, I also used power of attorney to purchase the property.

I opened a bank account with Millennium BCP - via their London office - although you do still have to visit them!

Additionally I used this company for money transfers rather than the bank - much better rates.

http://transferwise.com/u/80c6e" rel="nofollow - https://transferwise.com/u/80c6e