Unlocking Residency: How Crypto Investments Are Revolutionizing Visas to Portugal

Portugal: The New Haven for Ultra High Net Worth Individuals

Portugal has positioned itself as a hub for ultra high net worth individuals seeking residency away from their home countries. A groundbreaking crypto product is now simplifying this process.

Introducing the KvarnPortugal Fund

Lisbon-based investment firm FundBox, in collaboration with trading platform Kvarn X, is launching the KvarnPortugal Fund. This innovative fund is based on the CoinDesk 20 index and allows investors to establish residency in Portugal by investing a minimum of 500,000 euros.

Insights from the Founders

In an interview, Jason Dominic, co-founder of KvarnPortugal, explained the genesis of the fund. With the rise of fintech and crypto in Portugal, they combined the investment opportunity with the “Portuguese Golden Visa”, which grants residency rights for substantial investments. This unique fund appeals to a growing market of individuals looking for a Plan B in today's unpredictable world.

Why Portugal?

Dominic highlighted that Portugal has evolved into a Latin Switzerland over the past five years, attracting wealth and entrepreneurship through beneficial tax reforms post-economic crisis. The government has made certain overseas income tax-free for ten years, making it attractive for crypto investments. Anders Bjorkman, an asset manager at the fund, noted the vibrant crypto community in Lisbon, branding it as the best place for crypto in Europe.

The Appeal of Mobility

Ultra high net worth individuals value mobility, and the KvarnPortugal Fund offers flexibility. Investors need only spend 35 days in Portugal over five years to qualify for permanent residency or a passport, all while enjoying tax benefits.

Global Wealth Migration

The article pointed out that 2025 is projected to be a record year for wealth migration, with around 142,000 ultra high net worth individuals expected to relocate from countries like the U.S., China, and the U.K. Reasons include global instability, high taxes, and the desire for a safe exit strategy amid political polarization.

FundBox’s Approach

FundBox differentiates itself through diligent client onboarding, ensuring compliance with Portuguese regulations. While the fund is primarily aimed at ultra high net worth individuals with a minimum investment of 100,000 euros, it operates similarly to an ETF, making crypto investments accessible to a broader audience. For more information, visit Kvarn Portugal.