My wife and I are American citizens working with a legal firm in Lisbon to assist us with the Golden Visa process through real estate investment.
After extensive research into the VC investment route, we decided that we’d prefer property investment at the 280,000 euro level in low-density areas. But we’ve encountered a troubling situation.
Rather than connecting us with reliable real estate firms as we requested, our lawyer has instead presented us with an “opportunity” to invest our $280K euros in a multi-unit property slated for redevelopment in the Alentejo region.
Not only is the lawyer himself the CEO of the company redeveloping the property, he told us that he is considering buying one of the units for his own family.
Now, this situation seems to be riddled with clear conflicts. Rather than objectively representing his clients’ interests, the lawyer has a personal financial interest in our investment in this property, and, moreover, he is positioning himself to perform the legal management of the transaction on our behalf. What could possibly go wrong?
Has anyone else encountered a situation like this in their Golden Visa process? Is there any conceivable legitimate reason for a lawyer interposing himself into the investment process in such a fashion?
Any advice much appreciated.