Portugal Golden Visa via Bitcoin Fund + IRS 2023 Status

Portugal Golden Visa via Bitcoin Fund + IRS 2023 Status

Portugal Golden Visa via Bitcoin Fund + IRS 2023 Status

Portugal now allows access to the Golden Visa by investing €500k in a fund that holds Bitcoin. Plus: status of IRS 2023 crypto filings, a 24/7 Telegram tax bot on the way, and a new fiscal-representation list for major exchanges.

Thomas Maas

Sep 1, 2024

Newsletter

Newsletter

Newsletter

Big updates this month: a new path to Portugal’s Golden Visa through a Bitcoin-exposed fund, progress on IRS 2023 crypto returns, and tools we’re building to make compliance easier for everyone.

1) Golden Visa now accessible through Bitcoin investment
As of 2024, it’s possible to obtain a Portuguese Golden Visa by indirectly investing €500,000 into a fund that holds Bitcoin. This route blends crypto exposure with a regulated investment vehicle, adding a compelling option for international investors seeking Portuguese residency and a pathway to citizenship.

2) IRS 2023 filings: where things stand
The first season of crypto-inclusive IRS submissions has wrapped. The majority of filings that included crypto sales and capital gains have been approved by the tax authorities, while some clients are still awaiting the final liquidation note from Finanças. We’re monitoring outstanding cases and will update affected clients as notices arrive.

3) Coming soon: 24/7 crypto tax advice via Telegram bot
We’re finalizing a Telegram bot to provide instant tax guidance. It will launch with a free version for general questions and a paid version for personalized, round-the-clock support on complex situations. Launch details coming shortly.

4) Global exchange fiscal-representation document
We’re compiling a reference of where major crypto exchanges are fiscally represented—important because income from blacklisted jurisdictions is taxed differently in Portugal. For background on privileged/blacklisted regimes, see PwC’s overview: https://www.pwc.pt/pt/pwcinforfisco/guia-fiscal/2024/regimes-tributacao-privilegiada.html. Our compiled list will help you classify income correctly for Portuguese reporting.

Closing remarks
If you’re exploring the Golden Visa route, need clarity on an IRS 2023 liquidation note, or want early access to the Telegram bot, get in touch. For ongoing updates and practical guidance, follow @cryptaxpt on Instagram, TikTok, LinkedIn, and X, and visit cryptotaxesportugal.com.

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Ready to file your IRS with confidence in Portugal?

From trading to staking and NFTs, we’ll reconcile everything and optimize your bill—fully compliant, audit-ready.

grid image

Ready to file your IRS with confidence in Portugal?

From trading to staking and NFTs, we’ll reconcile everything and optimize your bill—fully compliant, audit-ready.

grid image

Ready to file your IRS with confidence in Portugal?

From trading to staking and NFTs, we’ll reconcile everything and optimize your bill—fully compliant, audit-ready.