Welcome to Portugal. One of the most crypto-friendly countries in the world.

Portugal views cryptocurrencies as a form of payment, instead of crypto assets, therefore crypto transactions are exempt from VAT (value added tax).

• This means that any profit derived from the purchase and sale of cryptocurrency in Portugal will not be subject to tax.

• In addition the Portugal crypto exchange for other currencies will also not be taxed.

• The Portuguese government also allows employers to pay wages using cryptocurrency and makes it easy to purchase crypto on a variety of platforms.

• To benefit from these generous policies, crypto holders do need to be residents or citizens. However, Portugal offers a Golden Visa Program that simplifies the process, allowing people to become residents through investment.

• There have been property purchases in Portugal that have already been done with crypto, and it is expected to become more commonplace given the popularity of the country with individuals interested in crypto. Portugal’s crypto real estate market is something that is likely to gain traction in the coming years.

• Banks are gradually becoming more crypto-friendly. For digital banks and credit cards, you will be able to find options, such as Nuri, Millennium and BBVA.

We need more countries like Portugal !