KvarnPortugal Fund Connects Crypto Investment with Portuguese Residency Options
New fund offers investors pathways to Portuguese residency through substantial cryptocurrency investments.
KvarnPortugal Fund: A New Investment Opportunity
A new investment vehicle, the KvarnPortugal Fund, is offering a unique opportunity for investors to gain exposure to the cryptocurrency market while potentially achieving Portuguese residency or citizenship.
Partnership Structure
The fund results from a collaboration between Fundbox, a Portuguese fund management company, and Kvarn X, a European cryptocurrency investment platform.
Investment and Fees
- Subscription Period: Ends in February 2027.
- Management Fee: 0.05%
- Subscription Fee: 2.5%
- KYC Fee: €1,250 ($1289)
The fund proposes an 80/20 profit share. For those not seeking residency, the minimum investment required is €100,000.
Investment Allocation
The portfolio consists of 80% Bitcoin (BTC) and 20% CoinDesk 20 Index, which provides exposure to a range of large-cap cryptocurrencies.
Residency Requirement
To qualify for residency through the fund via Portugal’s Golden Visa program, a minimum investment of €500,000 is necessary, along with a requirement to spend at least 35 days in Portugal over five years. Investments must be made through a Portuguese bank account as per the fund’s guidelines.
Conclusion
The KvarnPortugal Fund merges financial opportunity with real-world utility, presenting an innovative path for cryptocurrency investors seeking residency in Portugal.
