Scroll Down
Rimon Investments – SGOIC, S.A. is an Independent Manager of Collective Investment Vehicles.
Our mission is to deliver returns on your capital beyond your expectations, and we envision a future where we will have earned the privilege of being your first choice for managing your capital.
Our primary purpose is the set-up and management of Real Estate and Venture Capital Alternative Investment Organisms, either in fund form (AIF) or as corporate entities (SIC).
We provide all the services necessary to support this primary purpose,
including:
– technical, financial, administrative,
and commercial assistance
– investment analysis, valuation, and advisory
– corporate strategy initiatives and execution
– business development, process optimization, and development of new technologies
Rimon, founded in 2022 and held by the management team, the funds and
the corporates it manages are supervised by the Portuguese Securities Market Commission (CMVM)
Our team of reputable, experienced, and innovative executives brings together strong, street-smart, and freethinking personalities to underpin our success. We are demanding managers and consistently seek to be ahead of our time.
Rimon Investments underwent a registration process by the Portuguese securities market regulator (CMVM) and both its management board members and its compliance officer were subject to a fit and proper process by the CMVM. The firm is subject to ongoing supervision by the CMVM, to whom it provides regular reporting on its activities and those of the funds it manages. The firm and the funds are also subject to independent supervision and audit procedures. The funds it manages enjoy important tax benefits when compared to other vehicles.
Mechanical engineer Graduate from UNL and an MBA from AESE/IESE 20+ years of experience in heavy industry, real estate development and construction including as Board Member and Country CEO.
Gonçalo is an entrepreneur with expertise in operations, managing investments and running enterprises in different cultural contexts.
David has vast experience in real estate transactions, from underwriting through financing to JV structuring, for acquisition and lease deals, in the US, Europe, and Israel. David was leading global brands as Growth and Real Estate Director for Europe. David holds MA in LAW from Bar-Ilan University and a Bachelor of Political Science and Economics from Tel Aviv University.
Economics Honours Graduate and certified in financial modelling and valuation. 30+ years of experience in multinational financial institutions, including as Board Member and Country COO. Rui has expertise in serving clients, securities trading and dealing, managing investments, financial product management, financial analysis and the management of control and support functions of financial companies.
Fara has a degree in Business Management, and accumulates over 20 years of experience as an entrepreneur, having engaged in family-owned businesses expanding from Portugal to Angola, Mozambique and Guinea Bissau. Since 2012, has been committed towards providing advisory services for Strategy & Business Development, to both domestic and international platforms, striving towards the establishment and harnessing of an international network of strategic relations in both private and public sectors. Areas of activity include real estate, healthcare, infrastructure development, international trade and finance operations.
Law degree from Lisbon’s Nova University. LLM in Law in a European and Global Context from Catholic University. LLM in International Financial Law from King’s College London. Postgraduate Diploma in Portuguese Banking Law from Nova. His career includes 8 years in banking, in AML analysis on high-risk clients, investigation of opaque structures and in training newcomers. He has over 5 years in Compliance, leading testing missions, identifying regulatory failure, implementing mitigating measures and building testing methods.
SET-UP, MANAGEMENT, AND LIQUIDATION OF:
INCLUDING:
Origination
Search, analysis, valuation, and negotiation of assets for investment
Structuring
Choice, set-up, unit subscription, documentation and registration, depositories, and financing arrangements of the investment funds and SIC
Funds Management
Management of the funds and SIC according
to the approved management rules and all the
regulatory requirements
Asset Management
Development, upkeep, administration of the assets acquired by the funds and SIC
Asset divestment
Disciplined and quantified divestment strategies with the objective to meet our clients’ short and long term goals
Ancillary Services
• Accounting
• Valuation
• Reporting
• Subcontracting
• Marketing and Sales
A VC AIF is a regulated fund that owns assets belonging to all the holders of the respective units – the investors.
Venture capital investment is the acquisition of equity and debt instruments in companies with high dgrowth potential as a means of benefitting from capital appreciation – our specialty are companies that focus on real estate.
The set-up and management of VC AIF are restricted to specific management companies such as Rimon.
Rimon acts independently and in the sole interest of the investors in the performance of its duties. It is responsible for performing all the acts and operations necessary for the sound administration of the VC AIF in accordance with high levels of zeal, honesty, diligence, and professional competence.
These take the form of an investment fund (RE AIF) or a corporate form (SIC) and are intended to collectively invest the capital raised from investors into real estate assets, the operation of which is subject to a risk-sharing principle and the pursuit of the sole interest of the investors.
The set-up and the management of RE AIF and SIC are restricted to specific management companies of collective investment vehicles such as Rimon.
As an investor your first decision is the choice of investment manager.
Quality and safety are your utmost concern: You expect solid governance, accurate and timely accounting, calculation of the value of your units and reporting, the robustness and resilience of the processes and information systems, compliance with laws and regulations and transparency of costs and charges.
Rimon, as a company authorized by the CMVM, has undergone a rigorous fit and proper scrutiny of its shareholders, management team and supervisory bodies. It has developed written policies and procedures, has established an accounting and fund management platform and internal control environment that has been scrutinized by the regulator.
In addition, Rimon conforms to stringent regulation regarding, among others, information reporting and its timeliness, external valuation of real estate assets and fee transparency.
Other than the CMVM, Rimon also complies with stringent reporting to the Tax authorities and is subject to its scrutiny.
Bottom line, you are assured that Rimon is a reputable, robust, resilient, transparent and well-prepared company to partner with and manage the vehicles you allocate capital to.
SIC and VC AIF
You have the possibility of owning different classes and types of real estate assets.
SIC
Depending on the tax profile of the fund and/or you, the investor,
an investment in a SIC may yield significant tax efficiencies. Currently and in general, the Portuguese the tax codes allow for an exemption of corporate income tax on income and capital gains from investments in real estate assets.
Without this exemption, the applicable corporate taxes would be at least 22.5%.
Additionally, if you have tax residency outside Portugal, you may benefit from a lower (10%) withholding tax on income distributed by the SIC.
VC AIF
In the case of VC AIF, if you have tax residency outside Portugal, you may benefit from a 0% tax rate on the distribution of income by the fund.
Through Rimon you get access to numerous attractive investment opportunities and strategies from which you can expect higher returns.
Investments in VC AIF can be eligible for Golden Visa. With €500k, you get Portuguese residency and free entry and circulation in the EU (Schengen Space countries)
Currently, the financial product types referred to in this site, namely the Venture Capital and Real Estate Funds, are not intended by Rimon for sustainable investments, do not promote environmental and/or social features, nor are they dedicated to making sustainable investments or integrating any factors in sustainability matters.
RIMON INVESTMENTS – SGOIC, S.A. has signed, together with a number of other entities and the Portuguese Securities Market Commission (CMVM), the Protocol on Alternative Dispute Resolution Mechanisms with a view to promoting alternative dispute resolution mechanisms. Information related to this protocol can be found at the URL below:
https://investidor.cmvm.pt/PInvestidor/Content?Input=2A83B44CC71ED1338FCE32FFAA48D6F6F71B67B1776652C8CF8800F66C209E3B
Under this protocol, RIMON INVESTMENTS – SGOIC, S.A. accepts the use of alternative dispute resolution mechanisms if the claim of the Consumer and Non-Professional Investor Client has not been fully addressed in a prior complaint to RIMON INVESTMENTS – SGOIC, S.A. and the CMVM. The dispute in question must arise from financial intermediation activities, as defined in Article 289 of the Securities Code, and the amount in dispute must be less than or equal to €15,000.00.
https://www.cmvm.pt/
The terms of use below govern your navigation on the Rimon SGOIC, S.A. web site and you oblige yourself to respect them in full. If you do not agree to these terms of use you should not be navigating the web site.
The purpose of the web site is to provide you with information regarding Rimon as an entity and its services, its activities and initiatives and products.
Rimon shall not be responsible towards users of the web site for any damagesresulting from the use or dissemination of the information included therein.
The contents of the web site, which Rimon believes to be accurate but doesnot guarantee, are intended for informational purposes only.
You should consult your personal advisors for any specificfinancial and/ortax related issues, opinion, and advice. Nothing in this site should beregarded as consisting offinancial or tax advice or opinion.
Rimon may make changes to, suspend or close this site, partially or in full,without any prior notice.
You must not use the web site to send content or make statements that areillegal, immoral, defamatory, injurious or in any way harmful to Rimon orother users.
You must not use the site to deliver or otherwise infect with any maliciouscode, malware, and virus or trojans or any other harmful code.
Rimon may make use of cookies on the web site to improve your navigation experience. You will be prompted to accept or deny the use cookies if theseare in use.
Rimon shall not be responsible for any damages resulting from malwareor other computer virus that may impact the operating system, other component, network, or other assets of the user, by virtue of the access to the Rimon web site and the transfer of content to the user ́s computer or network.
All rights of intellectual property relative to the content of this web sitebelong to Rimon.
The user is not authorised to transmit, distribute, publish, modify, sell,or use in any way the information provided on this web site, including images.
Information on this site is protected by copyright.
Rimon does not permit the copy of the content of this web site, thecommercial use, or the establishment of links to other web sites without priorwritten consent. Rimon authorizes the download of content and thetemporary storage of a copy, solely for purposes of visualization.
Rimon reserves the right to change these terms and conditions at any time,without prior notice and with immediate effect.
Applicable law for this web site and the information therein is PortugueseLaw and any litigation resulting therefrom will be resolved exclusively by thePortuguese Courts.
Rimon Investments SGOIC S.A. as a management company of collective investment organisms, is obliged to protect the personal data it collects andhas access to in the exercise of its functions, as determined by EU Regulation 2016/679 of the European parliament and the Council of 27 April 2016.
While visiting this web site you are not in any way obliged to provide any ofyour personal data to Rimon.
However, there may be instances when navigating the web site where youmay wish to address an enquiry or other issue to Rimon, or respond to aparticular initiative, and you may choose to provide your personal data. Insuch cases, you need to know the following information:
1. The entity responsible for the treatment of your personal data is RimonInvestments SGOIC, S.A. The person responsible and data protection officeris the Compliance Officer of the company, who may be reached through thecontacts provided on this web site.
2. Unless otherwise specifically informed, the personal data collected is for the legitimate purpose of identifying you as the contacting party and for the company and its staffto be able to respond to your request.
3. The data will be kept within the European Union and its conservationperiod will be the one determined as necessary by Rimon given the natureand context of your request. If there is no other business to be pursued orobligation to fulfil once your request has been answered, your personal dataas collected will be deleted immediately. Otherwise, it will be kept if thebusiness is pursued and/or as obliged by law or regulation.
4. As provider of certain personal data, you have the right to:
To exercise your right as per the above, or if any of the above is unclearto you or you have not been informed as stated, please contact the Compliance Officer of Rimon through the contacts provided on thisweb site. Please be aware, however, that in the case of requests thatare manifestly unfounded, excessive, or repetitive, Rimon may choosenot to answer.
RIMON INVESTMENTS – SGOIC, S.A.
The nature of the business pursued by Rimon Invstments – SGOIC, S.A. (Rimon) may expose it to potential conflicts of interest.
Considering the provisions of the RGOIC and RJCRESIE regulations, the Company adopts this policy and theses procedures, which aim to identify, prevent, manage, and mitigate situations of conflicts of interest.
Rimon acts in the exclusive interest of the investors of the Funds it manages (“Investors”) and other Clients who use its services, independently of its own interests or the interests of the members of its corporate bodies, its employees or employees and other companies with which it is in a domain or group relationship.
To ensure strict compliance with these principles, Rimon defines and implements a set of procedures aimed at complying with rules for the prevention, management, and mitigation of conflicts of interest that may occur during its activity, which aim, inter alia:
Rimon adopts an organizational structure that allows the identification, mitigation, and reduction of the risk of situations that generate conflicts of interest in the context of its activity, while also seeking, in cases where such conflicts cannot be avoided, to manage them in an equitable, transparent, and non-discriminatory manner, avoiding any undue losses to its Investors.
This Policy applies to all employees of Rimon, including here the members of its governing bodies and all its service providers, to the extent that they intervene, directly or indirectly, in the activity it pursues.
For the purposes of this Policy, the following are understood as:
with the instructions received, or the possession of the shares is an operation the participant’s lending and voting rights are exercised in the interests of the provider of the guarantee.
Rimon adopts a set of effective operational procedures, which are appropriate to its size and organization, considering the nature, scale, and complexity of the daily activities carried out.
The definition of policies and procedures in this document does dispense the need for constant updating, which should be made whenever there is a need for improvement, adaptation, or provision of new rules due to legislative changes and/or increased activity, to ensure that the actuality of the procedures in force.
To this end, conflicts of interest are all circumstances which, in the context of the pursuit of the activities carried out by Rimon, may give rise to opposing interests between:
Rimon, through the set of relations it establishes with third parties, may also be subject to potential conflicts of interest:
Considering the multiplicity of situations described above, Rimon, for the purpose of identifying the types of conflicts of interest that may arise during its activity and which are likely to harm the interests of its Investors considers, if, in the context of its activity, a relevant person or a person directly or indirectly linked to the managing body through a control relationship:
In the exercise of identifying these situations, Rimon considers:
a. its own interests, including those arising from its integration in a group, or the provision of services and activities, the interests of clients, and its duties to each Investment Fund managed by it.
b. the interests of two or more Investment Funds managed by it.
For the purposes of fulfilling the obligation to identify situations of conflicts of interest, any of the persons mentioned in point 2 above shall, within a maximum period of five days, counted from the date on which the situation potentially generating the conflict has been identified, inform the Compliance Officer by completing the prescribed form.
As mentioned in the preceding paragraph, any of the employees, as soon as they become aware of any situation that potentiates or materializes in a conflict of interest, with potential losses to the Investors of Rimon, shall complete the prescribed form and send it by e-mail to the Compliance Officer.
The Compliance Officer, as soon as he/she receives the communication, must carry out a critical analysis of it, concluding whether there, or not, a conflict of interest.
If he/she concludes that there is no conflict of interest, he/she will write-up the analysis and file the respective case.
If the Compliance Officer concludes that there is a conflict of interest, he/she will write-up an analysis, in the prescribed form, listing:
This analysis is then addressed immediately to the Management Board for consideration and for the discussion of the proposed and/or additional measures.
The Board of Directors may approve the proposal submitted by the Compliance Officer or, if deemed necessary, submit others, which must be duly substantiated.
After decision, the process will return to the Compliance Officer who will oversee the:
To ensure the organization and management of conflicts of interest to which Rimon is obliged, the Company orients its activity to give prevalence to the interests of its Investors, adopting for this purpose the following measures and internal procedures:
Rimon has its own and independent offices in relation to other companies of the same group or domain, or that are dominated by the same person or entity.
Rimon’s facilities are organized by areas to enable their segregation as well as to minimize the exchange of sensitive information, and to impede the exercise of inappropriate influence on how employees carry out their activities.
Rimon is subject to the principle of segregation of functions, promoting and guaranteeing by its employees an independent and/or autonomous professional performance, as well as the
functional and/or physical separation between business and support areas or between operational and control activities/tasks.
To promote independent activity, the employees of Rimon perform their functions on an exclusive basis, without prejudice to the exercise of functions or activities outside the Company in which there are no conflicts of interest, preserving the independence, neutrality, and reputation of the Company.
Employees who perform or wish to perform functions outside the Company must inform the Company in advance, who will assess the possible existence of conflicts of interest.
Any of the persons mentioned in point 2 above undertakes to report any evidence of a potential or actual conflict of interest within a period of no more than 5 working days, through the prescribed form to the Compliance Officer. For the purposes of fulfilling this duty, the Company undertakes to provide an updated copy of this Policy to all its employees, who must initial it to prove that they have become aware of its content.
Rimon, through the Compliance Officer, receives all reports and their respective internal analysis in accordance with the procedures contained in point 4.2 above.
As a result of the analysis developed, corrective measures may be implemented aimed at curing the situation detected.
Considering the provisions of point 4.2, the Board of Directors, after analysing the situation reported and the analysis undertaken by the Compliance Officer, may accept the proposed measures, or propose and promote the application of other measures.
Thus, and whenever the gravity of the situation so determines, the Board of Directors may determine:
Where the measures described above do not appear necessary or are manifestly excessive and/or disproportionate, the Management Board shall at least:
If it is found that the person in a conflict of interest situation is one of the members of the Board of Directors or a Person directly related to them, he/she will be prevented from voting in any resolution that relates to the assessment and decision of corrective measures to be applied.
The verification of the provisions of the previous paragraph, as well as the monitoring of all measures and communications that are required because of the decision of the Board of Directors, are monitored, and supervised by the Compliance Officer until the process is complete.
Rimon has a digital archive where all reported situations are recorded, as well as their internal analyses, conclusions and measures applied.
The management of this archive is the sole responsibility of the Compliance Officer and employees who are exclusively attached to the Compliance and internal control area, entailing:
The digital file of each of the processes is kept for a minimum period of 5 years.
The Company should always keep its policies up to date, and so it should promote their update and the introduction of improvements whenever:
Without prejudice to the provisions of the preceding paragraph, this Policy shall be subject to an annual review.
Rimon will provide, in relation to the services offered or requested, all the necessary information in a clear, objective, and transparent manner, enabling its Investors to make decisions conscious of all the risks and the respective interests that Rimon, or the persons who act on its behalf, have in the services to provide.
Whenever there are effective situations of conflicts of interest, the Compliance Officer, by decision of the Board of Directors, is entrusted to inform investors by e-mail:
This communication to be addressed to the participants of the Funds does not obviate the need for disclosure in the Funds’ own documents of the legal and regulatory required information to be made available in advance to all Potential Investors.
In order to ensure conduct without conflicts of interest, employees and/or Relevant Persons are obliged to refrain from assessing or intervening in any decision-making processes relating to the management of conflict of interest situations, operations, contracts or other acts in which they themselves are directly or indirectly interested, or their spouses or relatives and the like, up to the 4th degree, as well as companies or other collective entities in which they own, directly or indirectly, any shares or interest.
In addition, employees and/or Relevant Persons are prohibited from executing operations/trades in which they intervene as order givers or beneficiaries, and such operations/trades must be executed by employees other than themselves, their spouses or equivalent, their relatives or the like, up to the 4th degree.
Regarding the Funds under management, Rimon shall fulfil its duty to abstain from any transactions which materialise to a benefit or injury of one Fund to the detriment of another Fund.
Whereas Rimon will have under management real estate investment funds (OII) and venture capital funds (OICR), which may hold in their portfolios securities involving the exercise of voting rights, it will be up to the Company, in the performance of its functions as a managing body, to represent the Funds and exercise the voting rights inherent to the securities held.
The Company must exercise voting rights based always on principles of transparency, ethics and loyalty and respecting the segregation of activities imposed by current legislation. In situations of conflicts of interest, thus considered, for these purposes, those which may in some way influence the decision-making by the Company as to the vote to be delivered, diverting its meaning from the objectives and investment policy of the Funds concerned, the following procedures may be adopted:
To comply with the provisions of the legislation in place, as well as to implement the provisions of this Policy, Rimon during its activity does not carry out the following operations:
The Company also refrains from carrying out, on behalf of the Investment Funds it manages, any transactions likely to generate conflicts of interest with the following entities:
Rimon has a Remuneration Policy which ensures that the determination of the remuneration, fixed or variable, of the members of its management body and of its employees, cannot establish any direct relationship between the remuneration in question
and the remuneration or revenue generated by other persons involved in another activity, to the extent that a conflict of interest may arise between those activities.
All Rimon employees are obliged to communicate to the Board of Directors, for the purposes of managing potential conflicts of interest, any personal operation when they relate to activities likely to generate a conflict of interest with the activities pursued by the Company, or where the operation in question may potentially imply the misuse of confidential information or violation of any of the legal duties, regulations, or statutory regulations of the Company.
To ensure compliance with this rule, the Company discloses to all employees this policy, as well as other relevant procedures, and should promote due clarification of all employees.
Whenever one of the situations mentioned in the previous paragraphs is detected, the employee concerned should immediately prepare a communication to the Board of Directors, with the knowledge of the Compliance Officer, of his/her intention to carry out the personal operation, and an adequate record of it must be prepared and maintained, in physical or digital support, for a minimum period of 5 years.
For this purpose, transactions carried out by employees, their spouses, persons economically dependent from them and by companies dominated by them are considered, whether the acquisitions are made in their own name, in representation or for the account of third parties, or by these on behalf of those.
All transactions made on any of the assets under the Company’s management are covered, as well as the transactions of units of Funds under management.
All communications must be carried out in written form within 5 days of the transaction in question. The communication shall contain the full identification of the employee, the quality in which the relevant person intervenes in the transaction, the description of the transaction concerned, and the amount involved.
The person responsible for Compliance and internal control shall keep, for a minimum period of 5 years, an updated record of all communications relating to the practice of personal transactions, with indication of the persons involved, the types of operations, the dates, and the decisions regarding the admissibility of the operations.
The decision to be made regarding the admissibility of the reported personal transaction shall be made by the Board of Directors, after considering the opinion of the Compliance Officer and shall consider all stakeholders, their relationship with the employees, in the case of an indirect personal transaction, and the negotiated conditions, establishing a comparison with applicable market conditions.
The final decision should be substantiated, containing an indication of the supporting facts, and should also be communicated to the employee concerned.
The Board of Directors has approved this conflict of interest policy which will be reviewed annually or when deemed necessary.
