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Bitcoin in Portugal: Regulations, Taxes, and Adoption
Bitcoin in Portugal: Regulations, Taxes, and Adoption Thinking about making a move and taking your Bitcoin with you? Portugal keeps coming up, and for good reason. Over the past few years, it’s become one of the most straightforward places in Europe to live and invest as a crypto holder. The laws are clear, the taxes are light, and more local businesses are starting to accept digital assets.If you’re looking to relocate to Europe or just want to stop losing a chunk of your gains to capital taxes, Portugal checks a lot of boxes. But before making any big decisions, it’s important to understand exactly how Bitcoin fits into everyday life in Portugal - what the tax rules are, how business regulations work, and how far along local adoption actually is.Unlike many EU countries still stuck in policy debates, Portugal already has the basics in place: no capital gains tax on crypto for individuals, and clear guidance for businesses using or accepting it. In this guide, we’ll lay out how crypto works in Portugal, from buying and selling, to taxes, to where you can actually spend it.Is Bitcoin Legal in Portugal?Yes, Bitcoin is completely legal in Portugal. The Portuguese authorities officially recognize Bitcoin and other cryptocurrencies as legitimate means of exchange and investment, classifying them as digital assets rather than traditional currency.What does this mean in practice?Bitcoin transactions and holdings are fully legal and regulated.Portuguese banks allow you to deposit and withdraw funds linked to Bitcoin exchanges.You can freely buy, sell, and trade Bitcoin without legal uncertainties or gray areas.Portugal has proactively established clear guidelines through the Portuguese Tax Authority (Autoridade Tributária e Aduaneira), confirming that cryptocurrencies are not subject to VAT and, importantly, individuals pay no capital gains taxes on crypto trading gains.Portugal Bitcoin Taxes: What You Need to KnowA big reason crypto investors are drawn to Portugal is the way taxes are handled. The rules are clear, and in many cases, incredibly favorable, especially for individuals. Knowing how the system works can help you structure your moves wisely and hold on to more of your gains.Individual Crypto Taxes: Capital Gains and IncomeFor everyday investors, Portugal offers one of the most favorable tax setups in the world when it comes to crypto. The rules are simple:Capital gains: If you're buying and selling Bitcoin as a private individual, not as a business, you pay 0% tax on your profits.Income tax: If crypto is your main income source (like day trading or mining professionally), then it may be taxed as personal income. But if you're trading occasionally or cashing out long-term gains, you're in the clear.Example:Let’s say we have Alex, a digital nomad who moved to Lisbon in 2022. If he potentially sold €50,000 worth of Bitcoin he'd been holding for a few years, in most EU countries, that would have triggered capital gains taxes of 20-30%, slicing €10,000-€15,000 off his total.In Portugal, Alex would have kept the full amount, not a cent paid in tax.Crypto Taxes for Businesses in PortugalFor companies dealing with crypto, taxation is straightforward but different:Business Income Tax (IRC): Profits made through crypto trading or from accepting Bitcoin as payment are taxed as corporate income, at the standard corporate rate (currently 17%-21%).VAT: Bitcoin transactions are exempt from Value Added Tax (VAT), making crypto transactions simpler for businesses.How to Buy Bitcoin in Portugal: Best Exchanges and MethodsBuying Bitcoin in Portugal is simple and flexible, with plenty of options depending on how you prefer to trade. Low fees, fast access, or an easy-to-use app, there’s a platform that fits.Popular Crypto Exchanges in PortugalTop exchanges trusted by crypto users in Portugal include:Kraken:Fees: Low EUR deposits: SEPA transferPros: Highly secure, strong European presenceCons: Complex interface for beginnersBinance:Fees: Very low (approximately 0.1% per trade)EUR deposits: SEPA transfer, debit/credit cardsPros: Largest crypto exchange worldwide, extensive coin optionsCons: The interface can overwhelm beginnersCoinbase:Fees: Moderate (around 0.5%-3.99% per trade)EUR deposits: SEPA transfer, debit/credit cardsPros: Beginner-friendly, highly trusted, insured fundsCons: Higher fees compared to othersBitstamp:Fees: Low (0.1%-0.5%)EUR deposits: SEPA transferPros: Long-standing, trusted exchange in EuropeCons: Limited crypto pairs compared to BinancePro tip: Most Portuguese banks, including Millennium BCP and Caixa Geral de Depósitos, support SEPA transfers to major crypto exchanges without issue. That said, it's smart to label your transfers as “investment” or “deposit” rather than “crypto” to avoid delays or extra scrutiny from compliance teams.Best Apps to Buy Bitcoin in PortugalMobile-friendly apps make buying Bitcoin convenient on the go:Binance App: Excellent all-in-one solution, great for trading and staking crypto assets.Coinbase App: Intuitive interface perfect for beginners or casual buyers.Kraken: Offers diverse crypto assets plus stocks and commodities.Bitcoin ATMs in PortugalIf you prefer cash-to-Bitcoin, Portugal has a growing number of Bitcoin ATMs:Locations: Mainly in Lisbon, Porto, and the Algarve regions.Fees: Usually higher than online exchangesLimits: Often capped at around €2,500-€3,000 per transaction.CityPopular Bitcoin ATM LocationsLisbonColombo Shopping Center, LX FactoryPortoNorteShopping Center, Porto city centerAlgarveFaro city center, Albufeira areaCheck Coin ATM Radar for the latest ATM locations.Bitcoin Adoption in Portugal: Spending and Withdrawing CryptoWhile Portugal offers great crypto tax benefits, the real test is how easy it is to spend or cash out your Bitcoin. Let’s look at where you can use it and how simple it really is to convert it into euros on the ground.Where You Can Spend Bitcoin in PortugalWhile tax benefits get the spotlight, practical adoption of Bitcoin in Portugal is quietly gaining traction, especially in Lisbon, Porto, and other expat-heavy areas. Crypto is starting to move beyond the wallet and into real-world use.Where can you use Bitcoin in PortugalReal estate: A growing number of agencies now accept Bitcoin for property purchases, especially in high-demand regions like Lisbon, Cascais, and the Algarve.Restaurants & cafés: Digital nomad hotspots such as Chiado, Alfama, and Bairro Alto have several venues that accept crypto directly at checkout.Tech stores & coworking spaces: Businesses geared toward startups and remote workers often support crypto payments, particularly through platforms like BitPay or Coinbase Commerce.ExampleIn 2022, a Braga apartment was sold entirely for Bitcoin - the first fully crypto-funded property deal recorded in Portugal. The transaction, facilitated by a local real estate agency and legal support, marked a turning point in how crypto can be used for major purchases under Portuguese law.Adoption is still in early stages, but the infrastructure is in place and growing steadily, especially for those who are proactive about using or spending their crypto.Bitcoin Withdrawals in Portugal: Practical GuideCashing out Bitcoin in Portugal is straightforward with multiple safe methods:Exchange to Bank (SEPA Transfer):Speed: Usually 1-3 business daysBest Platforms: Binance, Kraken, CoinbaseFees: Typically low (under 1%)Bitcoin ATMs (cash withdrawal):Speed: InstantLimits: Usually up to €2,500-€3,000Fees: HighPeer-to-Peer (P2P) platforms:Platforms: LocalBitcoins, Binance P2PSpeed: Varies (minutes to a few hours)Fees: Moderate (depends on negotiation)MethodSpeedFeesRecommended ForBank withdrawal (SEPA)1-3 daysLow (<1%)Regular use, larger amountsBitcoin ATMInstantHigh (5-10%)Small amounts, immediate cashPeer-to-peer platformsInstant-hoursModerate (2-5%)Flexible, private transactionsBitcoin Market in PortugalThe Bitcoin market in Portugal is experiencing steady growth, largely driven by its favorable tax environment, clear regulations, and increasing interest from both international investors and local startups. Trading Volumes and ActivityPortugal is quietly climbing the ranks when it comes to global crypto engagement. According to recent trends, the country has shown consistent improvement on the Global Crypto Adoption Index and is now ranking in the 14th position, pointing to stronger participation from both investors and institutional players.Trading volume tends to surge during periods of global market volatility, mirroring patterns seen across other European markets. This signals an increasingly active investor base that’s responsive to international crypto trends, not just local tax incentives.Local Infrastructure and RegulationsPortugal’s regulatory clarity is drawing both local and international crypto-focused businesses:One of the biggest milestones was the acquisition of Criptoloja, Portugal’s first fully licensed crypto exchange, by Mercado Bitcoin, Brazil’s largest digital asset platform. That move signals strong institutional confidence in the Portuguese market.User Demographics and Market BehaviorUnderstanding local sentiment toward crypto is essential:Younger Portuguese demographics show high interest but relatively lower trust, highlighting the need for more educational resources and trustworthy exchanges.The most active crypto communities are concentrated around Lisbon, Porto, and other major urban hubs, particularly within international and tech-savvy circles.Portugal Bitcoin Market Snapshot (2025)Here are the most recent and relevant figures for Bitcoin and crypto in Portugal as of 2025:The number of Crypto holders is expected to reach 3.40m users by 2026, according to Statista, with a 12.61% compound annual growth rate (CAGR). This is a substantial rise from the rate observed in prior years.Portugal now ranks among the top 14 countries globally in crypto adoption, reflecting rapid penetration in the market.The estimated market value of the Portuguese crypto sector is $294.2 million for 2025, with an average revenue per user of $91.9.Why These Numbers MatterMetricSignificance for Investors12% CAGR Indicates strong momentum in local crypto uptakeSmart demographicAdoption driven by tech-savvy, urban users, especially expatsGrowing market valueReflects increasing ecosystem activity and economic opportunityMarket OutlookThe future of the Bitcoin market in Portugal appears strong, driven by:Continued growth in licensed crypto exchanges, improving investor confidence.Stable regulatory framework, positioning Portugal as a secure EU crypto hub.Rising adoption among tech-savvy locals and international crypto investors signals potential for increased mainstream usage.Bitcoin and the Portugal Golden Visa: How Crypto Investors Can Gain EU ResidencyDid you know that you can live in Portugal, obtain EU residency and even citizenship?One of the most strategic routes? Investing in a Portugal-based investment fund, such as the Unbound Fund, through services like Bitizenship.Why Portugal’s Golden Visa Appeals to Bitcoin HoldersPortugal’s Golden Visa is one of the most flexible and secure residency-by-investment programs in Europe. It allows non-EU citizens to gain residency in exchange for a qualifying investment, often without relocating full-time.Key benefits:Only 7 days per year minimum stay requiredFull EU residency rights (including visa-free travel in the Schengen zone)Eligibility for permanent residency or citizenship after 5 years*No worldwide taxation on crypto or other income (unless you become a tax resident)For Bitcoin investors based in high-tax jurisdictions or politically unstable environments, the Golden Visa offers not only mobility and security but a legal and tax-efficient way to reinvest crypto wealth.*At the time of writing this article, the Portuguese Government has proposed changes to the Nationality Law, which may mean longer residency before gaining citizenship (from 5 to 10 years).Using Crypto to Fund a Golden Visa (Legally)Portugal doesn’t accept Bitcoin directly for visa investment, but here’s how many crypto holders are securing their residency:Realize capital gains from crypto trading while resident in Portugal (0% capital gains tax for individuals).Convert crypto to EUR using a compliant exchange (e.g., Kraken or Coinbase with SEPA transfers).Invest in a qualifying venture capital fund, such as Unbound Fund, with a minimum of €500,000.Apply for the Golden Visa through a licensed legal partner like Bitizenship, who handles the paperwork and compliance.Because Portugal doesn’t tax crypto-to-fiat conversions (if you’re an individual and not a professional trader), this method offers a clean, compliant way to use Bitcoin wealth for legal EU residency.Why Choose the Unbound FundUnbound is one of the standout venture capital funds approved under Portugal’s Golden Visa program. Managed by a team with experience in tech, finance, and international law, Unbound targets high-growth Portuguese startups and sustainable companies.Unbound Fund highlights:Qualifies for the €500,000 Golden Visa investment requirementFocuses on Portuguese innovation sectors, including tech, sustainability, and healthFully regulated and vetted under CMVM (Portugal’s securities authority)Transparent fee structure and investor-first governanceStrong historical returns and low volatility compared to real estate-based optionsFor crypto investors used to high-risk, high-reward markets, Unbound offers a more stable, diversified portfolio while unlocking residency and future EU citizenship.Why Work with BitizenshipNavigating visa paperwork, fund requirements, and legal processes in a foreign country can be overwhelming. Bitizenship simplifies the process by offering a full-service solution tailored to crypto investors and globally mobile entrepreneurs.Bitizenship provides:Golden Visa support (legal, financial, compliance, translation, SEF appointments)Crypto-friendly legal structuring for clean capital conversionPartnerships with top-tier Golden Visa funds like UnboundSupport in opening bank accounts and setting up a Portuguese NIF (tax ID)Benefits of Living in Portugal as a Bitcoin InvestorPortugal isn’t just tax-friendly for Bitcoin - it’s lifestyle-friendly too. Crypto investors moving to Portugal don’t just protect their wealth, but they also gain access to a stable, affordable, and internationally connected life in one of Europe’s most livable countries. 0% Capital Gains Tax on BitcoinThis is the headline advantage. If you’re classified as an individual (not operating a trading business), Portugal doesn’t tax capital gains from selling Bitcoin. That means:You can sell large amounts of BTC without triggering a tax event.Rebalancing your portfolio is clean and straightforward.There's no annual crypto tax reporting obligation for personal investments.This benefit alone saves investors thousands or even hundreds of thousands, compared to jurisdictions like the U.S., Germany, or the U.K.No Wealth Tax or Inheritance Tax on CryptoPortugal doesn’t impose a wealth tax or inheritance tax, which is especially important for long-term holders and crypto-native families. You can store your wealth in Bitcoin without worrying about asset-based taxation or losing value across generations.Stable Banking and SEPA Access for ConversionsPortugal’s traditional banks are increasingly crypto-tolerant, and the country’s integration with the SEPA (Single Euro Payments Area) zone makes it easy to:Withdraw funds from exchanges like Kraken, Binance, or Coinbase.Move euros into local bank accounts for everyday spending.Convert Bitcoin to euros with minimal fees and friction.Unlike many regions where banks flag or freeze crypto-linked transfers, Portuguese banks are generally cooperative if your documentation is clean.Residency Options with Minimal Physical PresencePortugal’s Golden Visa program allows you to become a resident (and work toward citizenship) while spending as little as 7 days per year in the country. Crypto investors can:Base themselves elsewhere but gain a backup EU residency.Use crypto profits (converted to fiat) to invest in qualifying funds like Unbound.Apply for citizenship after 5 years with minimal disruption to their lifestyle.There’s also the D7 and Digital Nomad visas for those earning passive crypto income or working remotely while holding Bitcoin.Crypto-Friendly Culture and Growing AdoptionPortugal’s major cities, especially Lisbon, have become hubs for Web3 professionals, blockchain startups, and international crypto conferences. That means:A strong community of like-minded investors and builders.Coworking spaces, cafés, and events tailored to the crypto crowd.Businesses are increasingly accepting Bitcoin or stablecoins for payments.Lisbon, in particular, hosts major events like Web Summit and Lisbon Blockchain Week, helping investors stay plugged into the latest developments.High Quality of Life at a Lower CostClimate: Over 300 sunny days a year in places like Lisbon and the Algarve.Cost of Living: 30-40% lower than Western Europe or U.S. urban centers.Healthcare: Affordable private care or high-quality public options.Safety: Consistently ranked among the safest countries in the world.Crypto wealth stretches further here. Portugal delivers comfort and value without requiring financial sacrifice.Why Bitcoin Investors Are Moving to PortugalThere are a lot of reasons why every Bitcoin investor should invest in dual citizenship and why Portugal is one of the best choices.BenefitWhat It Means for You0% capital gains taxSell BTC freely, no hidden tax costsNo wealth/inheritance taxLong-term asset security and generational planningFriendly banking infrastructureEasy BTC-to-euro conversions, smooth SEPA transfersFlexible residency programsEU residency with minimal stay requirementsWeb3 community & eventsConnect with builders, investors, and early adoptersHigh quality of lifeWarm weather, low crime, affordable lifestyleAccess to Portugal’s Public and Private HealthcareWith the Golden Visa, you and your family get access to Portugal’s national healthcare system (SNS), which is:Publicly funded, universal, and affordableRanked among the top 20 healthcare systems globallySupported by a strong network of hospitals, clinics, and specialistsKnown for low out-of-pocket costs and well-trained staffFor those who prefer private care, Portugal also has an excellent private healthcare sector with world-class clinics, short wait times, and monthly insurance plans starting at around €50-€100.A Safe, High-Standard European LifestyleGolden Visa holders can live anywhere in Portugal, from cosmopolitan hubs like Lisbon and Porto to relaxed coastal towns like Cascais, Lagos, or Madeira.What you get:Safety: Portugal consistently ranks among the top 5 safest countries in the world.Education: Access to public and international schools (many with English-language instruction).Mobility: Visa-free travel across the Schengen Area (26 European countries).Cost of living: Lower than Western Europe or the U.S., with excellent food, transport, and services.As a Bitcoin investor, this means you can secure your crypto wealth while living in a country that’s economically stable, geopolitically neutral, and logistically efficient.Path to Permanent Residency and EU CitizenshipThe Portugal Golden Visa gives you a direct pathway to both permanent residency and citizenship, without the need to live full-time in the country.Timeline:Year 0: Invest €500,000 in a qualifying fund (like Unbound)Years 1-5: Maintain the investment and visit Portugal for just 7 days per yearYear 5: Apply for permanent residency or Portuguese citizenshipPost-citizenship: Full rights as an EU citizen, including free movement and work across all EU countriesThere are no language or culture tests required to maintain residency, only to obtain full citizenship.Bitcoin Portugal News and ResourcesWondering where you can find out more? Besides our blog that covers all things related to Portugal, Bitcoin and Golden Visa, here’s where you can keep updated on Bitcoin Portugal trends, regulatory changes, and local news.Top Resources for Bitcoin News in PortugalTo follow reliable, timely Bitcoin news specific to Portugal, bookmark these sources:Portugal Resident: Regular updates on crypto regulations and local business adoption.Jornal de Negócios: Trusted Portuguese financial newspaper, reporting regulatory shifts, taxation news, and crypto industry analysis.Cointelegraph PT: Portuguese branch of the international crypto news platform with comprehensive coverage of local crypto developments.Must-Join Crypto Communities and GroupsConnecting directly with the local crypto community gives you first-hand insights. Popular communities include:Telegram GroupsFacebook GroupsMeetups and ConferencesConclusion: Why Bitcoin and Portugal Are a Natural FitPortugal isn’t just friendly to crypto on paper; it actually works in real life. You can sell Bitcoin without getting buried in taxes, move your profits into the real economy, and live in a place that’s safe, affordable, and genuinely enjoyable.The country’s clear legal framework, strong banking infrastructure, and growing crypto community make it one of the most practical jurisdictions in the world for Bitcoin holders. Add a stable economy, affordable living, and access to EU citizenship, and it’s clear why so many have already made the move.And with more people moving here each year for exactly these reasons, Portugal’s Bitcoin ecosystem is only getting stronger. If you’re serious about building a future around crypto, this isn’t just a good place to park your wealth - it’s a smart place to live.And if you’re planning your retirement, find out if Portugal is a good place to retire.FAQs What is the trading tax in Portugal? Portugal charges 0% capital gains tax on crypto trading for individuals, as long as it's not a professional or business activity. Is crypto popular in Portugal? While adoption among locals is still growing, Portugal is increasingly popular among expats, digital nomads, and startups for its crypto-friendly environment and favorable tax laws. Does Portugal have an exit tax? Yes, Portugal applies an exit tax if you become a tax resident and later give up your residency, but it typically affects company shares and doesn’t apply to crypto held by individuals. Can I buy a house in Portugal with crypto? Yes, real estate purchases with crypto are possible in Portugal through select agencies and legal channels, but typically you have more freedom when converting Bitcoin to euros before closing the deal.

18 MIN READ

Why Every Bitcoiner Should Invest in Alternative Citizenship
Why Every Bitcoiner Should Invest in Alternative Citizenship If you're holding Bitcoin, you’ve already embraced a radical idea. If you invested in Bitcoin 15 years ago, you were looked at strangely – if you even talked about your investment publicly at all.You’ve stepped outside the traditional financial system, opting for an instrument decentralized, independent of the powers that be, uncompromisable, and digital.But here’s a question – What if you could extend that mindset beyond the financial world? What if your citizenship could be as flexible, strategic, and future-proof as your investment strategy?This is the case for second (and even third) citizenship in a Bitcoiners' investment portfolio.A Second Citizenship is an Investment in Your Freedom and FutureFor many in the Bitcoin space, Bitcoin is more than just a backup plan. It's Plan A. Bitcoin is about buying optionality in a future that we cannot predict.The concept of alternative citizenship is similar. It's about investing in your optionality – your ability to choose ...Where you liveWhere you investHow you pass on freedom to future generationsLike your decentralized investment portfolio, a second citizenship provides a hedge against geopolitical and market risk, the flexibility to adapt at a moment's notice, and go where you're treated best, as Nomad Capitalist's Andrew Henderson famously says.No more obvious was this need for flexibility than during the global pandemic of 2020. All of the sudden, international flights were cancelled, millions were laid off from their jobs, and bank accounts were flooded with trillions in government stimulus.Panic ensued.But not everywhere. Different countries took different approaches to the pandemic.Life in Sweden went unchanged. While the Canadian government in power mandated medical procedures on its population, censored any form of dissent online, and froze the bank accounts and financial assets of those who disagreed with them.Night and day.Imagine at that moment being Canadian (many of you don’t have to). Imagine not being trapped. Imagine acquiring citizenship in a foreign country or several countries, having the freedom to escape "yours" when the proverbial excrement hits the fan, and choosing where to live, where to work, and where to provide your children the education they need to thrive in the future.Really, you don't have to imagine it.Foreign investors with multiple passports lived this reality in 2020. They bounced from country to country, from economy to economy, living in the jurisdictions that served them best in the moment – while those with one passport did not.How does Bitcoin differ? At its core, Bitcoin is a hard money designed for freedom from inflation, governmental overreach, and the constraints of centralized systems.A second citizenship offers a similar kind of freedom. It gives you optionality, a way to decentralize your life away from one single government, to diversify not just your financial assets but your identity.How Multiple Citizenships Are a Hedge Against Market Volatility and Geopolitical RiskBitcoin is a hedge against inflation and the collapse of the traditional financial and political systems.With access to several economies, bank accounts, and investment opportunities across the world (versus just those in your own backyard), a passport portfolio is also a hedge against unnecessary risk in your country's economy, geopolitics, stock market, and response to global events like the pandemic.In times of crisis, wealthy individuals don’t want to find themselves heavily reliant on one single government and have to scramble for visas or residency permits in safe haven countries. They want to have a second passport in hand to access benefits like:More extensive visa-free access and travelMore tax optimization opportunitiesMore personal security and privacyMore business opportunitiesMore education and healthcare accessMore ways to protect your wealth and assetsMore political stabilityMore residency and living optionsMore generational inheritancesSecond citizenships are like value stocks (vs. growth stocks): You may not see their ROI immediately. But with time, they can far out-earn other investments by significant amounts.But what happens when the country where you've invested your whole life suddenly goes to war and needs all the resources it can possibly get? What happens when they're attacked by a foreign power?This is where second citizenship comes in. It’s a hedge against market volatility and political instability.The goal is diversification. Just as you wouldn’t put all your Bitcoin in one exchange, buy all your coins at once (you may even be dollar cost averaging), or put all your wealth in one bank account, you shouldn’t rely on just one passport. Spread your money wisely and give your family a secure future – no need for perfect market timing.Bitcoiner Personas and Their Ideal Citizenship Investment StrategiesBitcoiners aren’t a monolith. If you've spent years in this space, you already know this. We come with different risk tolerances, ideologies, timelines, and goals.Your path to citizenship shouldn't be any different. What one individual may be interested in for their portfolio and lifestyle goals may not interest you at all.Your citizenship portfolio should reflect your investment philosophy. In fact, they're one and the same.So why should a Bitcoiner consider a new citizenship? I'll answer that question and propose how it fits into various investing strategies based on your approach to Bitcoin.1. The Bitcoin HODLer & PhilosopherYou believe in the long game. You’re a long-term investor who doesn’t flinch at market fluctuations because you know that over time, Bitcoin is the future and its value will reflect that fact.Apart from your financial approach, you also believe in the Bitcoiner philosophy, a piece of the Bitcoin puzzle most don't bother to study: You relish healthy living, individual liberties and sovereignty, and the return of traditional values to society. The Bitcoin Standard is on your nightstand. And, you just want to be left alone.For you, acquiring a second citizenship is about future-proofing your life just as you’ve done with your Bitcoin holdings.Ideal Citizenship Investment Strategy —Good news. Many countries fit the bill – with low taxes, a low geopolitical profile, a predictable economy, and long-term investing opportunities.Portugal’s Golden Visa and residence permit or El Salvador's Freedom Passport program are solid choices. Via Portugal's Bitizenship fund, investors can get an immediate residence permit and citizenship in five years with indirect exposure to Bitcoin. What makes this program special is 1) the low physical presence requirements for residency and 2) maintaining exposure to €500,000 worth of bitcoin.So not only do you get residency and/or citizenship out of your investment, you also can get a huge return on your original Bitcoin investment.Over in Latin America, with a government donation of US$1 million in BTC or USDT, El Salvador's citizenship by investment program offers investors immediate citizenship.For the HODLer looking for stability and not necessarily a return on their investment, plenty of other jurisdictions grant citizenship or residency in exchange for investments in real estate, mutual funds, exchange traded funds, and index funds.Some countries also offer independent means visas for those with pensions, recurring income, and passive investing.We'll talk more about these options below.2. The Bitcoin Day TraderYou live and die by a stock price and thrive on volatility, moving in and out of positions based on technical analysis and momentum investing. You approach your investments with confidence, no matter the market sentiment or market prices.You're not as interested in Bitcoin for its long-term viability in society. You just want to take advantage of its Number Go Up (NGU) technology and make as much income as possible during the run-up. This is your livelihood after all.For you, a second citizenship isn’t really about security. It’s about the ability to react quickly to higher risk, to reduce your capital gains taxes, and to navigate international law – legally.Therefore, you're tuned into your investment options and what countries offer.Ideal Citizenship Strategy —Your best bet is a direct citizenship by investment program that offers fast access to a full citizen’s privileges, new markets, and reduced taxes. Consider countries like Malta or St. Kitts & Nevis, which offer some of the world's most tax-friendly policies and quickest paths to naturalization through their citizenship by investment programs.Your investment choices are high-risk, high-reward. Your citizenship strategy can reflect that investment approach as well.With more money in high-growth markets, the more potential for a boom in your investments.3. The Value InvestorRemember Singapore, Hong Kong, and Dubai in the 1950s? No? Neither do we. And that's the point.Imagine having invested in a jurisdiction like those examples 50 years before they became what they are now. Imagine getting citizenship in Singapore, which now has the world's most valuable and hard-to-obtain passport, before it was even on the map.You'd be considered the Warren Buffett of citizenship investing.Dual citizenship is inherently a value investing tool. For decades, a passport portfolio has been severely undervalued. But now, millions have now accessed the benefits of a second citizenship.So the question is – Which countries are today's growth stocks? Which jurisdictions are the targets of value investing? To where are the growth investors (and their investments) migrating?The answers to these questions will reveal the Hong Kong of tomorrow, the Dubai of tomorrow.Is it Buenos Aires? Have you seen what's happening in El Salvador? Is it Saudi Arabia? What about Kuala Lumpur? Where can you invest to get a 1,000,000x return?If you spotted Bitcoin early, you should have no trouble finding the next investors’ paradise.Market fluctuations? That's just part of the game. For you, value investing is the cornerstone of your investment strategy. Buy low, sell high.Ideal Citizenship Strategy —The best strategy for you is to travel the world, explore new markets, find those with the highest probability of succeeding based on various factors, and begin investing in those that fit your financial goals.Countries all around the world offer investment programs for foreign nationals like you. And, of course, when you send money to a country, invest in a business headquartered there, or procure actively managed funds, you receive tangible benefits like residency or citizenship.Incentives – This is how countries in the 21st century attract wealth investments.How to Choose the Right Citizenship Program Based on Your Risk ToleranceWhat surprises most people I talk to is that acquiring citizenship in most countries is not a backchannel strategy. You can obtain another passport by any of the following paths and more:Investing in real estateExcelling in your field or craftOpening a company or creating jobsDonating money to a government fundProving your ancestry in that jurisdictionSimply spending the required time to naturalizeBeing historically or culturally important to a countryHolding money or investments in a financial institutionProviding exceptional services to a country's populationAll this to say – There is a diverse range of ways to obtain another citizenship. Successful investors know their needs and build a citizenship portfolio that meets them.Just like in investing, there’s no one-size-fits-all approach to citizenship. Beginner investors must do their due diligence to find the right investments for them. Your choice should reflect your risk tolerance, goals, and personal circumstances.First, evaluate your risk and reward. Then, determine your goal (financial goals, family goals, investing goals, lifestyle goals, etc.).If you’re willing to take on more risk, consider fast-track citizenship options like Antigua & Barbuda or Vanuatu. These programs offer quick returns but come with political uncertainties.For example, those who were investing in Vanuatu citizenship a few years ago didn't know that the European Union would strip the country of visa-free access to the Schengen Zone in 2024. If the investors knew of that future policy change, might they have changed their opinion before sending their US$100,000 donation to the Pacific island? Who knows...If you prefer a more stable, less risky approach, investors have numerous residency by investment options and naturalization paths. These programs may require more physical presence and a longer timeline, but for many, they want to spend time in a jurisdiction before investing significant time and/or money in a country.Here are a few investment routes Bitcoiners could take:Independent Means VisasIndependent means visas simply require applicants to show economic solvency and proof of recurring income (in the form of pensions, retirement income, or other passive investing sources). That's it.Most independent means visas also lead to citizenship but may require more physical presence than golden visas, which I'll cover in a second. Typically, these visas are designed for retirees and pensioners but can sometimes be ideal for others.Portugal's D7 VisaThanks to its golden visa and tax policies although the Non-Habitual Tax Regime (NHR) has been closed, Portugal has become a popular destination for digital nomads and Bitcoiners over the last decade. The D7 Visa allows individuals with sufficient passive income to apply for residency in Portugal and eventually citizenship in five years.UruguayIf you're looking for a more tranquil, off-the-grid option, here is your opportunity. For Bitcoiners seeking stability and safety, Uruguay offers the Rentista Visa. Tucked away in the Southern Cone of South America, Uruguay and their independent means visa allows individuals who can demonstrate a monthly passive income to establish residency in Uruguay.Known for its high quality of life and political stability (it's called the "Switzerland of South America"), Uruguay is an excellent option for those looking to invest in a South American residency. Plus, investors can choose whether to pay a 7% tax for life or 0% tax for 10 years once they become a tax resident. Golden VisasPanama's Friendly Nations VisaPanama has long been considered a LatAm hub for expats and investors. The Friendly Nations Visa allows citizens from certain countries ("friendly nations" like the US, UK, Canada, and Australia) to obtain residency through either the establishment of a local business or by demonstrating financial self-sufficiency (e.g. retirement income, pension).Andorra's Passive Residency ProgramBetween Spain and France, mountainous Andorra offers one of the most attractive independent means visa options in Europe through its Passive Residency Program. The program requires a minimum investment of €400,000 in local real estate or local financial institutions.However, physical presence is strictly required in order to renew the visa and/or convert it to citizenship.Portugal's Golden VisaPortugal's golden visa is the most popular in the world for good reason. With minimal presence requirements and just a five-year path to citizenship, it's the best of both worlds. Plus, through the Bitizenship fund, you can invest indirectly in Bitcoin and recoup your investment after you've obtained permanent residence or citizenship.Citizenship by InvestmentMalta's Citizenship by InvestmentTogether with El Salvador’s Freedom Passport, Malta’s Exceptional Investor Naturalization (MEIN) Policy is the most expensive of all residency or citizenship investments listed here. But, many claim it's for good reason. With an investment of almost €1 million in real estate and donation to the government, investors can obtain citizenship in the European Union – albeit in a matter of years as the application backlog is growing.St. Kitts & Nevis's Citizenship by InvestmentBack in 1984, Caribbean island nation St. Kitts & Nevis offered the very first Citizenship by Investment program. With visa-free access to over 145 countries, its passport is still strong. Moreover, if you're looking to reduce your taxes (potentially to zero), invest in citizenship here and become a tax resident: St. Kitts & Nevis doesn't levy any personal income tax.Just as you approach your Bitcoin holdings with a long-term mindset, think of a second citizenship as part of your broader investment strategy. Diversify and reduce risk.A citizenship portfolio is like digital real estate. Secure your freedom, invest in your legacy, protect your family, and open up new investment choices across the globe. But you have to identify your long-term goals first to determine the ideal location or group of places that best fit your lifestyle.Buy Bitcoin. Invest in a second citizenship.The future belongs to those who see it coming. And as a Bitcoiner, you’re already ahead of the curve. Now, it’s time to extend that approach to your citizenship.

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Yes, we coordinate with trusted law firms and advisors to streamline the entire process for you.

Visit the official Unbound Fund website for detailed insights into Unbound Fund.

We focus exclusively on Portugal’s program, offering unmatched flexibility and strategic advantages.