What was the personal situation or challenge?
Mark was a seasoned international real estate agent and international investor from Ireland who was recently semi-retired and decided he wanted to make a move for a life in Portugal. When he relocated to Portugal, he became aware of the Portugal Pathways FX platform and how it could transform the profitability of his business on his high-value international real estate payment transactions.
As a person who frequently engaged in foreign exchange transactions, Mark understood the significance of fixing exchange rates and how hidden fees could impact the actual cost and affect his profitability. He was keen on optimizing his foreign exchange strategies but needed our expert assistance.
How did Portugal Pathways help?
By engaging our team of FX experts, Mark was able to secure huge savings and lower fees for his large-scale transactions using our internationally regulated FX platform, whether it was for business, selling a property, or other international payments. We offered significantly lower fees than he would have paid using other conventional international banks and FX providers.
Our FX solution streamlined the entire process with complete oversight via our dashboard so that he could manage from his phone and relax in his semi-retirement, knowing that his highest cost of doing business outside of people was handled.
Our solution accomplished the same tasks at just a tiny fraction of the traditional cost charged by other main providers, including currency rate comparisons and fixed pricing, saving substantial amounts for Mark based on his international income. This, along with the Non-Habitual Residency (NHR) tax regime, has enormously impacted Mark's business interests and wealth management.
We provided real-time access to interbank exchange rates, safeguarding Mark's pricing within our conditions. We also presented the option of forward rates for hedging purposes, which again gave Mark more certainty on the future value of his money.
Portugal Pathways went above and beyond to provide Mark exceptional protection and security for his foreign currency transactions. Through their globally recognized e-money partners, who are regulated by the Financial Conduct Authority (FCA), Mark's funds were safeguarded with the utmost care. All of his accounts were held with Currency Cloud, one of the top organizations in the space, ensuring added layers of security.
