Covago wants to provide remote professionals with an innovative and financially efficient way to “have a home” waiting for them wherever they go to in the world
Investments are generally structured around the creation of a SPV (Special Purpose Vehicle) of which investors will become shareholders
The amount of taxes due at corporate level in the foreign country will depend on the local jurisdiction rules. Covago will simplify the process providing guidance and making relevant documents easily accessible on the platform. With regard to the taxes due at personal level, we advise our members to speak to a tax advisor before investing
Throughout the beta stage we will waive any fee to new members. We might introduce small and transparent fees only after the beta period ends (2021).
Our investment partners offer both equity and debt real estate investing
We neither own nor manage any of the investment properties. Those are carefully selected and identified by our trusted investment partners who have comprehensive vetting processes in place for selecting the property owners and developers they work with.
Covago doesn’t manage the properties directly but ensure that the highest service standards are provided to members by carefully vetting our property partners
We are able to build custom accommodation solutions based on our members preferences and budgets. We negotiate better deals for our members, securing discounts up to 50% on mid – long term stays
We offer unique perks and benefits on a number of essential services that remote professionals need when traveling (insurance, car rentals, co-working, wellness, entertainment etc..). On top of that, Covago members join a global community of inspiring, like minded investors with the possibility to unlock and create new co-investment opportunities
Our private beta is being run in Lisbon, Portugal, with more international locations coming soon
Covago was founded by Arcangelo Passaro. He is currently based in Lisbon – reach out to him firstname.lastname@example.org