Our vision is for Move-2.com to become the leading PropTech solution and service provider for High Net Worth Individuals (HNWIs); a one-stop-shop for those who wish to relocate themselves and transition their wealth to a different country.
Move-2.com will be an affiliate model like Airbnb, but with:
Move-2.com will be a one-stop-shop for professional services in host countries around the world, offering the following services to HNWIs:
A huge gap exists in the market for HNWIs who wish to relocate themselves and their wealth. Whether the mover is an economic, political, or corporate migrant they will want to relocate their wealth in the most tax-efficient way but will most likely not have the expertise to enable their personal and financial relocation. Move-2.com will service that need.
Move-2.com will facilitate the client search for a suitable property.
Move-2.com’s affiliate model will provide access to the professional and financial services necessary to support the relocation of the client and their wealth.
Move-2.com will continue to support the client on completion of the relocation by providing post-acquisition services through PALS.
It is estimated that one million HNWIs move from country to country each year, for economic, political and corporate reasons. Move-2.com’s target market is therefore huge.
According to the latest Knight Frank Global House Price Index, Portugal is the best bet in terms of return on investment, seeing average property prices grow of 7.8% in the year to September 2019. Comparable growth was; France (3.2%), Spain (3.1%) and (UK 2.2%).
While there are no like for like competitors, there are many well established players delivering different aspects of the Move-2.com offering, e.g. Big 4 accountancy firms, private banks, real estate agents, relocation advice portals and solicitors. But none provide the one-stop-shop solution offered by Move-2.com. That is Move-2.com’s competitive advantage.
Investment will be used to:
The longer-term goal is to build a platform offering a myriad of professional service providers around the world.
Portugal has been chosen as the primary target immigrant market
due to the huge tax advantages available.
OECD double taxation rules apply to 36 countries, creating a huge potential target market. To be considered a tax resident, an individual must reside in another OECD country for six months plus one day (183 days).
Available since 2009 to all E.U. country citizens, (ex-Bulgaria, Croatia & Romania), Australia, Canada, Chile, Israel, Mexico, New Zealand, Norway, South Korea, Switzerland, Turkey and the USA.
NHR requirement: Must reside in Portugal for six months plus one day (183 days).
NHR benefits (for 10 consecutive years):
(HVAI applies to Artistic, Technical, or Scientific industries)
Non-OECD member country residents can benefit from Portugal’s ‘Golden Visa’ programme that is available to those who buy Portuguese real estate valued at €500,000+ (€350,000+ in urban regeneration areas), or who invest a minimum amount (starting at €250,000) in various types of Portuguese enterprise. Similar CBI schemes exist in Cyprus & Malta.
CBI requirement: Must reside in Portugal for only 7 days per annum.
CBI benefits:
Golden Visa grants a five-year temporary residence and allows the holder to:
Between 2012 and 2019 the amount invested in Portugal via CBI is €5BN.
Initially, Move-2.com will target HNWIs seeking to relocate from the UK to Portugal and will then target popular travel routes taken by economic, political or corporate relocators.
We will focus on two distinct routes to achieve client acquisition; organic search and paid search/social.
We are speaking with several partners and currently conducting our due diligence on the different platforms available. Our chosen platform will be integrated into our new website which will be designed and built for client acquisition and lead nurturing.
The Panama Papers scandal has led to concerns about the security of individual personal data, and the transparency and legitimacy of offshore tax regimes. Move-2.com provides a legitimate opportunity for HNWIs to house their wealth in a country of their choosing, whilst taking advantage of the myriad of transparent and tax-efficient regimes that exist.
Chris McGale
Managing Director
Tyrone Capital Partners Ltd
chris@tyronecapital.com
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