What was the personal situation or challenge?
David and Sarah Collins, seasoned real estate investors from London, wanted to diversify their business portfolio by investing in Portugal. While excited about the opportunity, they were apprehensive about managing the financial and compliance aspects of their growing property portfolio, which sat under a limited company previously in the UK, and they wanted the flexibility of having a subsidiary business for their Portugal real estate investments. They needed an integrated business solution to help them manage their investments, taxes, and financial reporting in Portugal without dealing with multiple systems and service providers.
Additionally, they wanted to ensure that their finances were fully compliant with Portuguese regulations to avoid any issues later on.
How did Portugal Pathways help?
Portugal Pathways offered David and Sarah their partner’s fintech business solutions platform, which allowed the couple to manage their entire real estate investment portfolio from a single business dashboard. The business solutions Fintech platform included a complimentary business formation and banking setup solution to make their transition even smoother. This allowed them to create a local entity and set up bank accounts in no time, providing a stress-free entry into the Portuguese market.
The platform simplified everything from rental income tracking to property-related expenses and ensured that all tax filings were compliant with Portuguese laws. Thanks to the platform’s automation features and responsive support team, David and Sarah saved considerable time and money, particularly during tax season. The user-friendly interface made it easy to monitor their financial performance, ensuring that their investment returns were optimised. With the system handling all the complexities, they could focus on expanding their portfolio while enjoying their new life in Lisbon.
