Portugal Launches Revolutionary Crypto-Based Golden Visa Program
In a groundbreaking development for both crypto investors and wealth migration, Portugal has unveiled a first-of-its-kind investment vehicle that combines cryptocurrency exposure with residency rights. The KvarnPortugal Fund, launched by Lisbon-based FundBox in partnership with Kvarn X, offers investors a unique opportunity to gain Portuguese residency through crypto investments.
Revolutionary Investment Structure
The fund, based on the CoinDesk 20 index, requires a minimum investment of €500,000 to qualify for the Portuguese Golden Visa program. This innovative approach comes amid increasing global wealth migration, with 142,000 ultra-high-net-worth individuals expected to relocate in 2025.
Key Benefits of the Program:
- Tax-free crypto investments in many instances
- Minimal residency requirement (35 days over 5 years)
- Access to diverse crypto portfolio through CoinDesk 20 index
- Path to permanent residency or passport
- Lower entry option available at €100,000 for non-visa seekers
Portugal’s Emergence as a Crypto Haven
The country has positioned itself as the “Latin Switzerland,” offering significant tax advantages and a thriving crypto ecosystem. Recent global developments in crypto taxation have made Portugal’s tax-friendly stance particularly attractive to international investors.
Market Impact and Future Outlook
This innovative program could significantly impact both crypto adoption and international wealth flows. With the U.S. and China being the top two markets for Portuguese Golden Visas, the fund represents a strategic bridge between traditional wealth management and digital assets.
Source: CoinDesk