António Miguel Delgado

Areas of practice:
-Civil Law
– Commercial Law
– Real Estate Law
– Litigation

-Law Degree by the Portuguese Catholic University , in July 2015.
– Currently preparing the final dissertation of the Master Degree in Corporate Law at the Portuguese Catholic University.
– Admitted to the Portuguese Bar Association as Trainee Lawyer.

Work Experience:
-Trainee Lawyer at AGP Advogados, from October 2016 to September 2017.
-Trainee Lawyer at Barros, Sobral, G. Gomes & Associados, Sociedade de Advogados, R.L, since September 2017.

– English
– Spanish

The End of Bearer Securities

On March 4, 2017, Law 15/2007, which prohibits the issue of bearer shares, entered into force and amends the Securities Code and the Commercial Company Code.

Short-Term Rental

The Supreme Court of Justice has revoked a decision by the Court of Appeal, which enabled the Tenants’ Assembly to prohibit the local lodging activity, if the building in case was originally licensed for permanent housing. The Court of Appeal had considered that the local lodging activity was incompatible with the permanent housing purpose, for which the building had been licensed.


In last years, Portugal has been chosen as the main destination for tourists and investors from all over the world, attracted by the excellent weather, location, infrastructure and an escape from other risk destinations such as the countries of North Africa.

In addition to these natural and circumstantial factors, programs to encourage foreign investment through Visa Gold have been successful in attracting French, Chinese and Brazilian investors.

Relevant statistical data

  • GDP growth in 2015 reached 1.6% and is expected to remain at that level in 2016 and 2017 (indicating the recovery since 2013);
  • Unemployment in Portugal has declined in recent years, after a peak of more than 16% in 2013. The rate for 2015 stood at 12.6% and 10.5% in September 2016.
  • In 2015, the spending of tourists who traveled there for business reached 21 billion euros;
  • Some market niches currently own about 90% of the business dominated by foreign investors (mainly the prime segment);
  • The geographical location is very strategic, the country has four international airports, five international seaports and one of the most developed road networks in Europe, being a privileged business platform and a bridge to many foreign routes;

In last years, Portugal has implemented several tax reforms, which puts the country today in the top 10 of the most attractive for investment, with a 23% tax reduction for companies. Tax incentives are also very generous for those who wish to invest in real estate in Portugal;

• According to the Global Index 2016 ranking, Portugal is the fifth most peaceful country in the world, behind Iceland, Denmark, Austria and New Zealand.