Business Loans is a crowdlending solution for medium-term financing of business fixed asset acquisition projects offered by Daskapital – Crowdfunding, S.A., a subsidiary of Das Kapital Lda.

Under the Business Loans collaborative financing model, companies promote their projects on the Daskapital platform with a view to obtaining medium-term financing, and investors compete with each other to finance them through an auction process in which they define the amount to be invested and the minimum return they require. Companies will be financed by the group of investors demanding the lowest interest rate/return.

Business Loans offers advantages for both investors and companies.

For investors, it allows them to diversify their portfolio and access above-average returns, choosing the projects (and consequent level of risk and maturity), amounts and minimum rates of return they require, with security and transparency guaranteed by Daskapital, which analyses and verifies the solvency of the project promoters.

For companies, it is a fast and competitive way to obtain financing resulting from a competitive process, without initial costs or dependence on traditional banks, through a fully online and transparent process, with the guarantee of not incurring costs if the project is not financed, namely initial fees for opening the process, evaluation and management. Additionally, it helps companies assess the viability of their project by verifying the interest it generates among investors.

Daskapital manages tax withholding and reporting according to the promoter's origin and the investor's tax residence.

Investors residing in Portugal investing in:

• Companies headquartered in Portugal: Daskapital withholds and reports tax to the Tax Authority (Article 71 of the IRS Code).
  
• Companies not headquartered in Portugal: Tax must be paid as capital income obtained in the promoter's country of tax residence. In this case, Daskapital does not withhold tax - investors will then have to include Annex J in their annual income tax return.

Investors residing outside of Portugal investing in:

• Companies headquartered in Portugal: Daskapital withholds the applicable tax (Article 71 of the IRS Code). Investors should check for any double taxation agreements in their country.
• Companies not headquartered in Portugal: Daskapital does not withhold tax on income earned from investments in transactions promoted by non-Portuguese entities. Investors must declare their income in accordance with the rules of their country.

Applicable tax retention rates:

• Individual Investors: 28%
• Institutional investors: 25%

At the beginning of each year, all investors receive a detailed annual statement of income and withholdings for tax purposes for the previous year.

You can obtain more information about the taxation that applies to your investments here.

If you need further clarification, please get in touch with us at support@daskapital.eu.

Each financing request or investment opportunity is subject to a rigorous risk analysis by Daskapital before being made available on the platform, based on:

• Accounting, financial and commercial data provided by the promoters of the companies;
• Credit information from Iberinform (Atradius Credit and Surety), such as ratios, information on incidents, legal proceedings and other independent data;
• Analytical and statistical models (credit score and limit);
• Document verification and, in some cases, verification of the accuracy of the information provided, among other procedures.

Daskapital requires real and personal guarantees and only publishes projects that meet the minimum criteria for risk and fair profitability. All this information is disclosed and made available in each financing request or investment opportunity.

If you need further clarification, don't hesitate to get in touch with us at support@daskapital.eu.