Portugal Could Become Home To This Bull Runs Biggest Winners With New Bitcoin Golden Visa Option

Portugal’s crypto tax haven is set to become a go-to destination for crypto-bros with this new Bitcoin golden visa avenue from Unbound Fund.

A new private equity fund will let overseas investors gain Portuguese. With it, European Union citizenship by indirectly investing in Bitcoin via the Black Rock ETF, the company co-founder and CEO said last Tuesday (July 23).

Unbound Fund To Offer Exciting Crypto Golden Visa Avenue Into Portugal

Portugal looks set to become the first European country to offer outsiders residency in exchange for an investment in a digital asset such as Bitcoin. The new opportunity has been presented by Alessandro Palombo, the co-founder and CEO of Unbound Fund.

Hold #Bitcoin and acquire Portuguese/EU Citizenship

It is now possible to acquire Portuguese/EU citizenship by indirectly holding #Bitcoin worth €500K.

I am excited to introduce https://t.co/DgqCyGTfgv

Unbound Fund is the first Golden Visa eligible fund that gives you… pic.twitter.com/SVJjjg8x70

— Alessandro Palombo (@0x_ale) July 23, 2024

Palombo claims that holding Bitcoin worth €500,000 ($542,000) through the Unbound Fund could lead to a residency in Portugal through the Golden Visa Program.

In a post via his X account, he said, “I believe it’s time to use Bitcoin as a tool for freedom of movement in a mutually beneficial way with Portugal, a country I have chosen to live in with my family.”

In his post, Palombo also stated that “Unbound Fund is the first Golden Visa eligible fund that gives you exposure to Bitcoin. As an integrated solution, Unbound has three key reasons for being unique.

The companies Unbound Fund invests in ensure:

1. 100% BTC, passive holding. No market timing.
2. BlackRock ETFs. For security and simplicity.
3. Total transparency. Investors rely on BDO audits.

Additionally, we are radically transparent regarding any costs, striving to be as capital efficient as possible.”

DISCOVER: Crypto Africa Week in Review: Commodities Arrive on Solana, Ethiopia Leads Crypto Mining As Nigeria Warms Up To Crypto

Crypto Option For Golden Visas Welcome After Real Estate Path  Closed Off Last Year

Another day, another residency program closing it's doors.

Portugal joins Ireland in officially ending their golden visa 🇮🇪🇵🇹 pic.twitter.com/It48Wy2Tmc

— My Latin Life 🌴 (@MyLatinLife) February 17, 2023

Real estate investment was the principal path to obtaining a golden visa in Portugal. However, with an ever-increasing housing crisis, the Portuguese government has since terminated this route.

Portuguese golden visa holders must hold their investments for five years to become eligible for citizenship, during which time they must spend at least 14 days every two years in the country.

The Portugal crypto visa eligibility requirements for Unbound investors are no different than those for any other non-crypto fund.

The golden visa process will require proof of investment and biometric screening, to name a few. Obtaining citizenship in Portugal comes with its own stipulations, which include a clean criminal record and passing a basic language test.

BONUS: Less Than 24 Hours Before Price Increase For 99BTC Presale As Launch Gets Closer

Our 99BTC project has entered the last stage of presale, with over $2.55 million raised to date.

Launching with a new Learn-to-Earn (L2) token, the 99Bitcoins platform will reward its users for becoming educated about cryptocurrency.

The classic 99Bitcoins platform will eventually integrate with the Bitcoin standard, ‘BRC-20,’ to become a pioneer of the emerging L2E model on the Bitcoin blockchain.

Grab your bag before the next price increase. Additionally, you can stake your presale bag of 99BTC instantly for a whopping 675% rewards—kick back while waiting for 99BTC to go live and earn insane interest in the meantime.

99BTC – BUY HERE

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.

Disclaimer

Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
99Bitcoins may receive advertising commissions for visits to a suggested operator through our affiliate links, at no added cost to you. All our recommendations follow a thorough review process.

Read more