FundBox and Kvarn X Launch KvarnPortugal Fund for Golden Visa Access
FundBox and Kvarn X have launched the KvarnPortugal Fund, a crypto investment product linked to the CoinDesk 20 index. Key details include:
- The fund targets investors contributing at least 500,000 euros, making them eligible for the Portuguese Golden Visa.
- Investors can gain residency while investing in diversified assets through the fund.
- Portugal is attracting high-net-worth individuals due to favorable tax reforms and a growing fintech ecosystem.
- The fund requires only 35 days of physical presence in Portugal over five years for permanent residency eligibility.
- Investor interest is driven by global instability and changes in tax regimes in countries like the U.K. and China.
- The fund accepts investments from individuals with a minimum of 100,000 euros, similar to ETF structures.
Overall, the KvarnPortugal Fund offers a unique blend of investment and residency solutions amid increasing wealth migration trends.