Portugal has become an attractive hub for high net worth individuals seeking residency beyond their home countries. A new cryptocurrency product, the KvarnPortugal Fund, launched by Lisbon-based FundBox and trading platform Kvarn X, simplifies the residency process for investors contributing at least 500,000 euros.

Why Portugal?

Many affluent individuals are gravitating towards Portugal for various reasons, including favorable tax reforms and a burgeoning tech ecosystem post-economic crisis. The Portugal Golden Visa program adds to its appeal, allowing for residency through qualifying investments.

In a discussion with Jason Dominic, co-founder of KvarnPortugal, and Anders Bjorkman, the fund’s asset manager, they highlight that the product is eligible for the Portuguese Golden Visa, enabling investors to secure residency rights with a startup investment in crypto.

Jason shares:

“There’s this big evolution going on in Portugal around fintech and crypto. Our fund marries investment in the CoinDesk 20 index with residency acquisitions.”

Jason explains that the demand for residency through investment is soaring, especially from clients in the U.S. and Asia. As political and economic instabilities grow globally, individuals often seek alternatives like the Portuguese residency, which requires minimal physical presence in the country.

Anders suggests:

“The local crypto community thrives, making Lisbon a prime spot for cryptos in Europe.”

With the landscape of wealth migration changing, Portugal is not only a suitable refuge but also a burgeoning investment opportunity. For further details, visit KvarnPortugal.