Optimising Business Value for Canadian Entrepreneur in Portugal

What was the goal?

Amir. R, a successful entrepreneur and businessowner from Canada., sought to move part of his business operations to Portugal to expand into the European market. Facing complex challenges with tax structuring, regulatory compliance, and maximising business value, Amir needed a comprehensive strategy to ensure a smooth transition and optimise his business's financial position in Portugal.

"The support and guidance from David Vacani and his team at Beacon Global Wealth Management was a game-changer for my business. They not only saved me millions in taxes but also helped me grow our European revenue by 47%. Their insight and support made moving part of my business to Portugal feel seamless. I couldn't have done it without them."– Amir R.

Solution:

1. Comprehensive Financial Consultation:
    
   • Conducted an in-depth analysis into Amir's business structure, financials and tax obligations.
    
   • Developed a customised strategy for optimal tax positioning and business growth in Portugal and wider Europe.
 
2. Tax Structuring and Optimisation:
    
   • Multi Jurisdictional Tax Planning: Utilised our understanding of over 12 tax jurisdictions to create an equitable tax structure that maximises Amir's position.
    
   • Tax Compliance: Ensured compliance with both Canada and Portuguese tax regulations, avoiding double taxation and mitigating unnecessary tax burdens.
    
   • Optimised Business Structure: Advised on restructuring Amir's business to benefit from favourable tax treatments under Portuguese law and European regulations.
3. Asset Protection and Growth:
   
   • Capital Growth Protection: Implemented strategies to protect business capital and ensure sustainable growth.
    
   • Income Optimisation: Created diversified income streams and optimised revenue channels to minimise tax impact and maximise profitability.
    
   • Regulatory Compliance: Ensured that all business operations  met the necessary regulatory and compliance standards in both the Canada and Portugal.
    
   • Exit taxes in Canada: Now structuring matters to potentially realise value for the Canadian company taking into account exit taxes and capital gains considerations.
 

Results:

• Significant Tax Savings: Achieved tax savings of €2.5M over 10 years by implementing an optimised tax structure and leveraging international tax treaties as well as NHR tax status for 10 years and mitigating progressive taxes post NHR through early planning and structuring.
• Enhanced Business Growth: Secured a robust strategy for business expansion and revenue optimisation, delivering a 47% increase in business revenue from Europe.
• Smooth Transition: Facilitated a seamless transition of business operations to Portugal, ensuring compliance and minimising disruptions.

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Summing up

Our business optimisation, tax structuring, and compliance strategies helped Amir. R successfully relocate and expand his business to Portugal. By leveraging our expertise in multi-jurisdictional tax planning and strategic financial management, we secured significant tax savings, robust business growth, and a secure future for his enterprise. We regularly update our clients, assess business performance, and make recommendations and adjustments with the client every step of the way.

If you face similar challenges and seek expert guidance, we work with international private wealth business clients to provide peace of mind and personalised plans to maximise your business value and professional goals in Europe.